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Employer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.07 523.45 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.07 523.45 Td (Identification No.\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 147.20 506.43 Td (5320 Legacy Drive,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.70 498.43 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 186.11 498.43 Td (TX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.00 507.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 506.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.00 498.43 Td (75024) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 117.50 486.15 Td (\(Addr) Tj ET Q q 0 0 0 rg BT 136.02 486.15 Td (ess of principal executive offices\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.00 486.15 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 443.55 486.15 Td (\(Zip Code\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 97.35 463.15 Td (Registrant) Tj ET Q q 0 0 0 rg BT 132.46 463.15 Td (s telephone number) Tj ET Q q 0 0 0 rg BT 194.78 463.15 Td (, including area code:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 463.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 463.28 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 208.35 440.90 Td (Securities r) Tj ET Q q 0 0 0 rg BT 247.08 440.90 Td (egister) Tj ET Q q 0 0 0 rg BT 269.59 440.90 Td (ed pursuant to Section 12\(b\) of the ) Tj ET Q q 0 0 0 rg BT 388.93 440.90 Td (Act:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 429.4 m 353 429.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 430.9 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 429.4 m 562 429.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 430.9 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 405.4 m 353 405.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 403.4 m 353 403.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 405.4 m 562 405.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 403.4 m 562 403.4 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 422.48 Td (T) Tj ET Q q 0 0 0 rg BT 63.76 422.48 Td (itle of Each Class:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 422.48 Td (Name of Each Exchange on ) Tj ET Q q 0 0 0 rg BT 457.13 422.48 Td (Which Register) Tj ET Q q 0 0 0 rg BT 510.09 422.48 Td (ed:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 409.35 Td (Common Stock $.001 Par ) Tj ET Q q 0 0 0 rg BT 143.10 409.35 Td (V) Tj ET Q q 0 0 0 rg BT 148.36 409.35 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.50 409.35 Td (New ) Tj ET Q q 0 0 0 rg BT 378.31 409.35 Td (Y) Tj ET Q q 0 0 0 rg BT 383.29 409.35 Td (ork Stock Exchange) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 385.70 Td (Securities r) Tj ET Q q 0 0 0 rg BT 88.23 385.70 Td (egister) Tj ET Q q 0 0 0 rg BT 110.74 385.70 Td (ed pursuant to Section 12\(g\) of the ) Tj ET Q q 0 0 0 rg BT 229.63 385.70 Td (Act:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.29 385.70 Td ( None) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 366.50 Td (Indicate by check mark if the registrant is a well-known seasoned issuer) Tj ET Q q 0 0 0 rg BT 279.55 366.50 Td (, as defined in Rule 405 of the Securities ) Tj ET Q q 0 0 0 rg BT 411.07 366.50 Td (Act.) Tj ET Q q 0 0 0 rg BT 428.33 366.50 Td (Y) Tj ET Q q 0 0 0 rg BT 433.30 366.50 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 441.97 364.77 cm /I4 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.10 366.50 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 466.88 364.77 cm /I5 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 348.50 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 418.29 348.50 Td (Act. ) Tj ET Q q 0 0 0 rg BT 433.54 348.50 Td (Y) Tj ET Q q 0 0 0 rg BT 438.52 348.50 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 447.18 346.77 cm /I6 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.31 348.50 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 472.09 346.77 cm /I7 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 330.50 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 497.12 330.50 Td (Act of 1934 during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 320.90 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 49.50 311.30 Td (the past 90 days.) Tj ET Q q 0 0 0 rg BT 106.53 311.30 Td (Y) Tj ET Q q 0 0 0 rg BT 111.50 311.30 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 120.17 309.57 cm /I8 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.30 311.30 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 145.08 309.57 cm /I9 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 293.30 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 377.91 293.30 Td (W) Tj ET Q q 0 0 0 rg BT 384.82 293.30 Td (eb site, if any) Tj ET Q q 0 0 0 rg BT 427.39 293.30 Td (, every Interactive Data File required to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 283.70 Td (be submitted and posted pursuant to Rule405 of RegulationS-T) Tj ET Q q 0 0 0 rg BT 255.55 283.70 Td ( during the preceding 12months \(or for such shorter period that the registrant was required to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (submit and post such files\). ) Tj ET Q q 0 0 0 rg BT 138.97 274.10 Td (Y) Tj ET Q q 0 0 0 rg BT 143.95 274.10 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 152.61 272.37 cm /I10 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.75 274.10 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 177.52 272.37 cm /I11 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 256.10 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 49.50 246.50 Td (of registrant) Tj ET Q q 0 0 0 rg BT 90.60 246.50 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 49.50 236.90 Td (10-K. ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 69.94 235.17 cm /I12 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 218.90 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 219.28 218.90 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 279.80 218.90 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 344.32 218.90 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 419.50 218.90 Td (, a smaller reporting company) Tj ET Q q 0 0 0 rg BT 514.73 218.90 Td (, or an ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 209.30 Td (emer) Tj ET Q q 0 0 0 rg BT 65.34 209.30 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 135.04 209.30 Td (.See the definitions of lar) Tj ET Q q 0 0 0 rg BT 223.09 209.30 Td (ge accelerated filer, accelerated filer, smaller reporting company) Tj ET Q q 0 0 0 rg BT 443.09 209.30 Td (, and emer) Tj ET Q q 0 0 0 rg BT 483.59 209.30 Td (ging growth company ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 199.70 Td (in Rule 12-b2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 149.03 199.70 Td (Act.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (Lar) Tj ET Q q 0 0 0 rg BT 60.46 190.10 Td (ge accelerated filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 123.30 188.37 cm /I13 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 130.43 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.99 190.10 Td (Accelerated filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 191.50 188.37 cm /I14 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.63 190.10 Td ( Non-accelerated filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 274.36 188.37 cm /I15 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.49 190.10 Td ( Smaller reporting company ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 377.02 188.37 cm /I16 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.15 190.10 Td ( Emer) Tj ET Q q 0 0 0 rg BT 407.33 190.10 Td (ging growth company ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 479.54 188.37 cm /I17 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (If an emer) Tj ET Q q 0 0 0 rg BT 82.22 172.10 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 151.91 172.10 Td (, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 162.50 Td (revised financial accounting standards provided pursuant to Section 13\(a\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 340.52 162.50 Td (Act. ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 358.07 160.77 cm /I18 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 144.50 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the ) Tj ET Q q 0 0 0 rg BT 362.73 144.50 Td (Act\).) Tj ET Q q 0 0 0 rg BT 382.65 144.50 Td (Y) Tj ET Q q 0 0 0 rg BT 387.63 144.50 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 396.29 142.77 cm /I19 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.42 144.50 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 421.20 142.77 cm /I20 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 125.30 Td (The aggregate market value of the registrant) Tj ET Q q 0 0 0 rg BT 193.43 125.30 Td (s common stock held by non-af) Tj ET Q q 0 0 0 rg BT 293.94 125.30 Td (filiates, based on the closing price of the registrant) Tj ET Q q 0 0 0 rg BT 457.66 125.30 Td (s common stock as of the last ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 115.70 Td (business day of the registrant) Tj ET Q q 0 0 0 rg BT 145.04 115.70 Td (s most recently completed second fiscal quarter was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.42 115.70 Td ($603,083,628) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.42 115.70 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 97.70 Td (The number of shares outstanding of the registrant) Tj ET Q q 0 0 0 rg BT 213.23 97.70 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 97.70 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.56 97.70 Td (, was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 97.70 Td (401,918,775) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.00 97.70 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.85 76.05 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 318.43 76.05 Td (TED BY) Tj ET Q q 0 0 0 rg BT 351.36 76.05 Td ( REFERENCE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 57.63 Td (Document:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 57.50 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.50 57.63 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 488.83 57.63 Td (as ) Tj ET Q q 0 0 0 rg BT 497.94 57.63 Td (to:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 43.80 Td (1. Notice and Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 175.14 43.80 Td (Annual Meeting ofStockholders to be held May 23, 2018.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 44.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.50 44.50 Td (1.Part ) Tj ET Q q 0 0 0 rg BT 466.39 44.50 Td (III, ) Tj ET Q q 0 0 0 rg BT 478.38 44.50 Td (Items ) Tj ET Q q 0 0 0 rg BT 498.15 44.50 Td (10, ) Tj ET Q q 0 0 0 rg BT 510.15 44.50 Td (1) Tj ET Q q 0 0 0 rg BT 513.86 44.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 521.86 44.50 Td (12, ) Tj ET Q q 0 0 0 rg BT 533.86 44.50 Td (13, ) Tj ET Q q 0 0 0 rg BT 545.86 44.50 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 20.75 m 561.5 20.75 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 (2017) 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 (30) 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 (30) 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 (30) 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 (31) 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 (32) 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 (34) 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 (36) 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 (61) 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 (61) 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 (101) 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 (101) 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 (101) 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 (102) 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 (102) 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 (102) 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 (102) 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 (102) 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 (103) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 148.92 Td (107) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 133.92 Td (108) 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 (10) 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 (Commodity ) Tj ET Q q 0 0 0 rg BT 191.56 217.82 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 239.28 217.82 Td (expense ) Tj ET Q q 0 0 0 rg BT 275.33 217.82 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 319.70 217.82 Td (in ) Tj ET Q q 0 0 0 rg BT 331.32 217.82 Td (the ) Tj ET Q q 0 0 0 rg BT 347.38 217.82 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 404.00 217.82 Td (Statements ) Tj ET Q q 0 0 0 rg BT 451.72 217.82 Td (of ) Tj ET Q q 0 0 0 rg BT 463.89 217.82 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 514.11 217.82 Td (which ) Tj ET Q q 0 0 0 rg BT 542.39 217.82 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 207.82 Td (includes ) Tj ET Q q 0 0 0 rg BT 171.05 207.82 Td (the ) Tj ET Q q 0 0 0 rg BT 185.49 207.82 Td (impact ) Tj ET Q q 0 0 0 rg BT 214.93 207.82 Td (of ) Tj ET Q q 0 0 0 rg BT 225.49 207.82 Td (settlements ) Tj ET Q q 0 0 0 rg BT 272.70 207.82 Td (on ) Tj ET Q q 0 0 0 rg BT 284.93 207.82 Td (commodity ) Tj ET Q q 0 0 0 rg BT 332.71 207.82 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 378.80 207.82 Td (during ) Tj ET Q q 0 0 0 rg BT 407.14 207.82 Td (the ) Tj ET Q q 0 0 0 rg BT 421.58 207.82 Td (period. ) Tj ET Q q 0 0 0 rg BT 451.85 207.82 Td ( ) Tj ET Q q 0 0 0 rg BT 454.08 207.82 Td (Its ) Tj ET Q q 0 0 0 rg BT 466.30 207.82 Td (use ) Tj ET Q q 0 0 0 rg BT 481.86 207.82 Td (is ) Tj ET Q q 0 0 0 rg BT 490.75 207.82 Td (further ) Tj ET Q q 0 0 0 rg BT 520.19 207.82 Td (discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 197.82 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 146.10 197.82 Td (Management) Tj ET Q q 0 0 0 rg BT 200.35 197.82 Td (s ) Tj ET Q q 0 0 0 rg BT 207.06 197.82 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 253.78 197.82 Td (and ) Tj ET Q q 0 0 0 rg BT 271.39 197.82 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 308.10 197.82 Td (of ) Tj ET Q q 0 0 0 rg BT 318.70 197.82 Td (Financial ) Tj ET Q q 0 0 0 rg BT 360.41 197.82 Td (Condition ) Tj ET Q q 0 0 0 rg BT 403.24 197.82 Td (and ) Tj ET Q q 0 0 0 rg BT 421.06 197.82 Td (Results ) Tj ET Q q 0 0 0 rg BT 452.77 197.82 Td (of ) Tj ET Q q 0 0 0 rg BT 463.37 197.82 Td (Operations ) Tj ET Q q 0 0 0 rg BT 511.19 197.82 Td ( ) Tj ET Q q 0 0 0 rg BT 519.01 197.82 Td (Results ) Tj ET Q q 0 0 0 rg BT 550.72 197.82 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) Tj ET Q q 0 0 0 rg BT 64.82 654.57 Td (-10 ) Tj ET Q q 0 0 0 rg BT 80.10 654.57 Td (V) Tj ET Q q 0 0 0 rg BT 86.68 654.57 Td (alue) 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 (3 ) 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 (T) Tj ET Q q 0 0 0 rg BT 58.26 555.57 Td (cf) 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 (T) Tj ET Q q 0 0 0 rg BT 57.91 536.57 Td (ertiary 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 (259.7) 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 (2017) 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 71.58 366.75 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 103.07 366.75 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 130.42 366.75 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 157.62 366.75 Td (T) Tj ET Q q 0 0 0 rg BT 163.03 366.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 182.88 366.75 Td (75024, ) Tj ET Q q 0 0 0 rg BT 212.45 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.96 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 244.37 366.75 Td (phone ) Tj ET Q q 0 0 0 rg BT 270.88 366.75 Td (number ) Tj ET Q q 0 0 0 rg BT 303.51 366.75 Td (is ) Tj ET Q q 0 0 0 rg BT 312.25 366.75 Td (972-673-2000. ) Tj ET Q q 0 0 0 rg BT 373.49 366.75 Td ( ) Tj ET Q q 0 0 0 rg BT 375.10 366.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.18 366.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 445.34 366.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.34 366.75 Td (, ) Tj ET Q q 0 0 0 rg BT 469.91 366.75 Td (we ) Tj ET Q q 0 0 0 rg BT 483.65 366.75 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.16 366.75 Td (879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.16 366.75 Td ( ) Tj ET Q q 0 0 0 rg BT 517.24 366.75 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (530 ) 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 61.51 342.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 85.20 342.75 Td (10-Q, ) Tj ET Q q 0 0 0 rg BT 110.26 342.75 Td (current ) Tj ET Q q 0 0 0 rg BT 140.59 342.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 170.38 342.75 Td (on ) Tj ET Q q 0 0 0 rg BT 182.39 342.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 206.07 342.75 Td (8-K, ) Tj ET Q q 0 0 0 rg BT 226.14 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.59 342.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 295.15 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 304.94 342.75 Td (those ) Tj ET Q q 0 0 0 rg BT 328.06 342.75 Td (reports, ) Tj ET Q q 0 0 0 rg BT 360.35 342.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 380.69 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 391.03 342.75 Td (furnished ) Tj ET Q q 0 0 0 rg BT 430.81 342.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 467.27 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 477.06 342.75 Td (section ) Tj ET Q q 0 0 0 rg BT 507.40 342.75 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 530.51 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 540.85 342.75 Td (15\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.32 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 73.02 330.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 113.94 330.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 154.52 330.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 170.44 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.26 330.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 204.25 330.75 Td (available ) Tj ET Q q 0 0 0 rg BT 241.82 330.75 Td (free ) Tj ET Q q 0 0 0 rg BT 258.84 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.66 330.75 Td (char) Tj ET Q q 0 0 0 rg BT 285.69 330.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 296.61 330.75 Td (on ) Tj ET Q q 0 0 0 rg BT 308.10 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 317.91 330.75 Td (through ) Tj ET Q q 0 0 0 rg BT 350.51 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 365.32 330.75 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 399.8544921875 329.4169921875 m 475.2060546875 329.4169921875 l s q 0 0 0 rg BT 399.85 330.75 Td (www) Tj ET Q q 0 0 0 rg BT 420.87 330.75 Td (.denbury) Tj ET Q q 0 0 0 rg BT 455.49 330.75 Td (.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.21 330.75 Td (, ) Tj ET Q q 0 0 0 rg BT 479.19 330.75 Td (as ) Tj ET Q q 0 0 0 rg BT 489.01 330.75 Td (soon ) Tj ET Q q 0 0 0 rg BT 509.39 330.75 Td (as ) Tj ET Q q 0 0 0 rg BT 519.20 330.75 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (practicable ) Tj ET Q q 0 0 0 rg BT 95.85 318.75 Td (after ) Tj ET Q q 0 0 0 rg BT 116.65 318.75 Td (we ) Tj ET Q q 0 0 0 rg BT 130.80 318.75 Td (electronically ) Tj ET Q q 0 0 0 rg BT 187.70 318.75 Td (file ) Tj ET Q q 0 0 0 rg BT 203.51 318.75 Td (such ) Tj ET Q q 0 0 0 rg BT 224.33 318.75 Td (material ) Tj ET Q q 0 0 0 rg BT 259.58 318.75 Td (with, ) Tj ET Q q 0 0 0 rg BT 282.34 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 293.16 318.75 Td (furnish ) Tj ET Q q 0 0 0 rg BT 323.98 318.75 Td (it ) Tj ET Q q 0 0 0 rg BT 332.02 318.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 344.79 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.49 318.75 Td (SEC.) Tj ET Q q 0 0 0 rg BT 385.15 318.75 Td (The ) Tj ET Q q 0 0 0 rg BT 403.19 318.75 Td (public ) Tj ET Q q 0 0 0 rg BT 430.67 318.75 Td (may ) Tj ET Q q 0 0 0 rg BT 450.37 318.75 Td (read ) Tj ET Q q 0 0 0 rg BT 470.07 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 487.00 318.75 Td (copy ) Tj ET Q q 0 0 0 rg BT 508.92 318.75 Td (any ) Tj ET Q q 0 0 0 rg BT 525.85 318.75 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (we ) Tj ET Q q 0 0 0 rg BT 63.83 306.75 Td (file ) Tj ET Q q 0 0 0 rg BT 79.83 306.75 Td (with ) Tj ET Q q 0 0 0 rg BT 100.28 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.17 306.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 136.19 306.75 Td (at ) Tj ET Q q 0 0 0 rg BT 146.08 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 160.97 306.75 Td (SEC) Tj ET Q q 0 0 0 rg BT 182.09 306.75 Td (s ) Tj ET Q q 0 0 0 rg BT 188.65 306.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 216.88 306.75 Td (Reference ) Tj ET Q q 0 0 0 rg BT 260.08 306.75 Td (Room ) Tj ET Q q 0 0 0 rg BT 287.20 306.75 Td (at ) Tj ET Q q 0 0 0 rg BT 297.09 306.75 Td (100 ) Tj ET Q q 0 0 0 rg BT 314.76 306.75 Td (F ) Tj ET Q q 0 0 0 rg BT 323.00 306.75 Td (Street, ) Tj ET Q q 0 0 0 rg BT 351.49 306.75 Td (NE, ) Tj ET Q q 0 0 0 rg BT 369.80 306.75 Td (W) Tj ET Q q 0 0 0 rg BT 378.44 306.75 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 422.50 306.75 Td (DC ) Tj ET Q q 0 0 0 rg BT 439.07 306.75 Td (20549. ) Tj ET Q q 0 0 0 rg BT 469.24 306.75 Td ( ) Tj ET Q q 0 0 0 rg BT 471.72 306.75 Td (The ) Tj ET Q q 0 0 0 rg BT 489.94 306.75 Td (public ) Tj ET Q q 0 0 0 rg BT 517.61 306.75 Td (may ) Tj ET Q q 0 0 0 rg BT 537.50 306.75 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (information ) Tj ET Q q 0 0 0 rg BT 99.50 294.75 Td (on ) Tj ET Q q 0 0 0 rg BT 112.29 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.30 294.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 167.85 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 178.98 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.98 294.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 222.33 294.75 Td (Reference ) Tj ET Q q 0 0 0 rg BT 265.64 294.75 Td (Room ) Tj ET Q q 0 0 0 rg BT 292.88 294.75 Td (by ) Tj ET Q q 0 0 0 rg BT 305.67 294.75 Td (calling ) Tj ET Q q 0 0 0 rg BT 335.67 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 294.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 371.81 294.75 Td (at ) Tj ET Q q 0 0 0 rg BT 381.82 294.75 Td (1-800-SEC-0330. ) Tj ET Q q 0 0 0 rg BT 455.44 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 458.03 294.75 Td (The ) Tj ET Q q 0 0 0 rg BT 476.37 294.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 497.50 294.75 Td (also ) Tj ET Q q 0 0 0 rg BT 516.40 294.75 Td (maintains ) Tj ET Q q 0 0 0 rg BT 558.07 294.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 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 88.29150390625 281.4169921875 m 165.642578125 281.4169921875 l s q 0 0 0 rg BT 88.29 282.75 Td (http://www) Tj ET Q q 0 0 0 rg BT 133.20 282.75 Td (.sec.gov) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.32 282.75 Td (, ) Tj ET Q q 0 0 0 rg BT 173.56 282.75 Td (which ) Tj ET Q q 0 0 0 rg BT 203.75 282.75 Td (contains ) Tj ET Q q 0 0 0 rg BT 242.82 282.75 Td (reports, ) Tj ET Q q 0 0 0 rg BT 278.83 282.75 Td (proxy ) Tj ET Q q 0 0 0 rg BT 307.90 282.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.09 282.75 Td (information ) Tj ET Q q 0 0 0 rg BT 381.04 282.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 429.00 282.75 Td (and ) Tj ET Q q 0 0 0 rg BT 449.18 282.75 Td (other ) Tj ET Q q 0 0 0 rg BT 475.47 282.75 Td (information ) Tj ET Q q 0 0 0 rg BT 528.43 282.75 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 (2017) 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 83.09 210.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 109.78 210.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 149.79 210.75 Td (constitute ) Tj ET Q q 0 0 0 rg BT 191.49 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.52 210.75 Td (single ) Tj ET Q q 0 0 0 rg BT 233.22 210.75 Td (lar) Tj ET Q q 0 0 0 rg BT 243.58 210.75 Td (gest ) Tj ET Q q 0 0 0 rg BT 262.50 210.75 Td (variable ) Tj ET Q q 0 0 0 rg BT 297.52 210.75 Td (in ) Tj ET Q q 0 0 0 rg BT 308.11 210.75 Td (our ) Tj ET Q q 0 0 0 rg BT 324.25 210.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 364.83 210.75 Td (results. ) Tj ET Q q 0 0 0 rg BT 396.25 210.75 Td ( ) Tj ET Q q 0 0 0 rg BT 398.44 210.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 439.03 210.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 478.51 210.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 491.88 210.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 518.57 210.75 Td (hit ) Tj ET Q q 0 0 0 rg BT 531.94 210.75 Td (a ) Tj ET Q q 0 0 0 rg BT 539.19 210.75 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (year ) Tj ET Q q 0 0 0 rg BT 68.91 198.75 Td (peak ) Tj ET Q q 0 0 0 rg BT 89.99 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 100.52 198.75 Td ($66 ) Tj ET Q q 0 0 0 rg BT 117.73 198.75 Td (in ) Tj ET Q q 0 0 0 rg BT 127.71 198.75 Td (January ) Tj ET Q q 0 0 0 rg BT 161.01 198.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 185.72 198.75 Td (over ) Tj ET Q q 0 0 0 rg BT 205.69 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.11 198.75 Td (last ) Tj ET Q q 0 0 0 rg BT 236.20 198.75 Td (few ) Tj ET Q q 0 0 0 rg BT 253.39 198.75 Td (years ) Tj ET Q q 0 0 0 rg BT 276.70 198.75 Td (we ) Tj ET Q q 0 0 0 rg BT 290.56 198.75 Td (have ) Tj ET Q q 0 0 0 rg BT 311.64 198.75 Td (experienced ) Tj ET Q q 0 0 0 rg BT 362.14 198.75 Td (a ) Tj ET Q q 0 0 0 rg BT 368.79 198.75 Td (period ) Tj ET Q q 0 0 0 rg BT 396.54 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 407.07 198.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 432.04 198.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 444.80 198.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 470.88 198.75 Td (during ) Tj ET Q q 0 0 0 rg BT 499.20 198.75 Td (which ) Tj ET Q q 0 0 0 rg BT 525.84 198.75 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.23 186.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 88.28 186.75 Td (have ) Tj ET Q q 0 0 0 rg BT 109.33 186.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 148.70 186.75 Td (averaged ) Tj ET Q q 0 0 0 rg BT 186.96 186.75 Td (in ) Tj ET Q q 0 0 0 rg BT 196.91 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 211.30 186.75 Td ($40 ) Tj ET Q q 0 0 0 rg BT 228.47 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 238.43 186.75 Td ($50 ) Tj ET Q q 0 0 0 rg BT 255.60 186.75 Td (per ) Tj ET Q q 0 0 0 rg BT 270.54 186.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 287.16 186.75 Td (range, ) Tj ET Q q 0 0 0 rg BT 314.04 186.75 Td (which ) Tj ET Q q 0 0 0 rg BT 340.65 186.75 Td (is ) Tj ET Q q 0 0 0 rg BT 349.50 186.75 Td (roughly ) Tj ET Q q 0 0 0 rg BT 382.78 186.75 Td (50% ) Tj ET Q q 0 0 0 rg BT 403.28 186.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 428.22 186.75 Td (than ) Tj ET Q q 0 0 0 rg BT 447.61 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 462.00 186.75 Td (price ) Tj ET Q q 0 0 0 rg BT 484.16 186.75 Td (range ) Tj ET Q q 0 0 0 rg BT 508.54 186.75 Td (over ) Tj ET Q q 0 0 0 rg BT 528.48 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 542.87 186.75 Td (201) Tj ET Q q 0 0 0 rg BT 557.50 186.75 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (through ) Tj ET Q q 0 0 0 rg BT 83.09 174.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 105.56 174.75 Td (period. ) Tj ET Q q 0 0 0 rg BT 136.09 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 138.02 174.75 Td (As ) Tj ET Q q 0 0 0 rg BT 151.61 174.75 Td (a ) Tj ET Q q 0 0 0 rg BT 158.53 174.75 Td (result ) Tj ET Q q 0 0 0 rg BT 183.22 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 194.03 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.73 174.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 233.97 174.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 247.01 174.75 Td (price ) Tj ET Q q 0 0 0 rg BT 269.47 174.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 322.49 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 339.41 174.75 Td (its ) Tj ET Q q 0 0 0 rg BT 351.33 174.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 381.02 174.75 Td (on ) Tj ET Q q 0 0 0 rg BT 393.50 174.75 Td (our ) Tj ET Q q 0 0 0 rg BT 409.31 174.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 448.18 174.75 Td (our ) Tj ET Q q 0 0 0 rg BT 463.99 174.75 Td (focus ) Tj ET Q q 0 0 0 rg BT 488.13 174.75 Td (has ) Tj ET Q q 0 0 0 rg BT 503.93 174.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 543.62 174.75 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (on ) Tj ET Q q 0 0 0 rg BT 61.75 162.75 Td (preservation ) Tj ET Q q 0 0 0 rg BT 113.42 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 124.00 162.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.02 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 160.71 162.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 193.95 162.75 Td (, ) Tj ET Q q 0 0 0 rg BT 198.70 162.75 Td (together ) Tj ET Q q 0 0 0 rg BT 233.72 162.75 Td (with ) Tj ET Q q 0 0 0 rg BT 253.75 162.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 272.10 162.75 Td (reductions ) Tj ET Q q 0 0 0 rg BT 316.01 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.70 162.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 352.16 162.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 408.00 162.75 Td (rather ) Tj ET Q q 0 0 0 rg BT 433.57 162.75 Td (than ) Tj ET Q q 0 0 0 rg BT 453.04 162.75 Td (concentration ) Tj ET Q q 0 0 0 rg BT 509.70 162.75 Td (on ) Tj ET Q q 0 0 0 rg BT 521.95 162.75 Td (expansion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 150.75 Td (growth. ) Tj ET Q q 0 0 0 rg BT 99.77 150.75 Td ( ) Tj ET Q q 0 0 0 rg BT 102.27 150.75 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.32 150.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.32 150.75 Td ( ) Tj ET Q q 0 0 0 rg BT 142.82 150.75 Td (key ) Tj ET Q q 0 0 0 rg BT 159.76 150.75 Td (accomplishments ) Tj ET Q q 0 0 0 rg BT 231.69 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 248.63 150.75 Td (business ) Tj ET Q q 0 0 0 rg BT 285.02 150.75 Td (developments ) Tj ET Q q 0 0 0 rg BT 343.06 150.75 Td (included ) Tj ET Q q 0 0 0 rg BT 379.99 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 394.71 150.75 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 126.75 Td (Generated ) Tj ET Q q 0 0 0 rg BT 111.37 126.75 Td (average ) Tj ET Q q 0 0 0 rg BT 145.24 126.75 Td (total ) Tj ET Q q 0 0 0 rg BT 165.80 126.75 Td (production ) Tj ET Q q 0 0 0 rg BT 211.91 126.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.02 126.75 Td (60,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.52 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 253.31 126.75 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 283.87 126.75 Td (in ) Tj ET Q q 0 0 0 rg BT 294.44 126.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 319.72 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.95 126.75 Td (although ) Tj ET Q q 0 0 0 rg BT 374.73 126.75 Td (a ) Tj ET Q q 0 0 0 rg BT 381.95 126.75 Td (decline ) Tj ET Q q 0 0 0 rg BT 413.61 126.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.73 126.75 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.06 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 440.84 126.75 Td (from ) Tj ET Q q 0 0 0 rg BT 463.07 126.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 508.63 126.75 Td (production ) Tj ET Q q 0 0 0 rg BT 554.74 126.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 114.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 92.61 114.75 Td (we ) Tj ET Q q 0 0 0 rg BT 106.87 114.75 Td (successfully ) Tj ET Q q 0 0 0 rg BT 158.36 114.75 Td (arrested ) Tj ET Q q 0 0 0 rg BT 192.61 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 207.43 114.75 Td (declines ) Tj ET Q q 0 0 0 rg BT 242.80 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 253.19 114.75 Td (our ) Tj ET Q q 0 0 0 rg BT 269.12 114.75 Td (production ) Tj ET Q q 0 0 0 rg BT 315.05 114.75 Td (that ) Tj ET Q q 0 0 0 rg BT 332.66 114.75 Td (have ) Tj ET Q q 0 0 0 rg BT 354.14 114.75 Td (been ) Tj ET Q q 0 0 0 rg BT 375.62 114.75 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 411.01 114.75 Td (since ) Tj ET Q q 0 0 0 rg BT 434.16 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 448.98 114.75 Td (end ) Tj ET Q q 0 0 0 rg BT 466.03 114.75 Td (of ) Tj ET Q q 0 0 0 rg BT 476.97 114.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 499.57 114.75 Td (with ) Tj ET Q q 0 0 0 rg BT 519.96 114.75 Td (quarter) Tj ET Q q 0 0 0 rg BT 548.07 114.75 Td (-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 98.32 102.75 Td (production ) Tj ET Q q 0 0 0 rg BT 144.14 102.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 183.29 102.75 Td (in ) Tj ET Q q 0 0 0 rg BT 193.56 102.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.28 102.75 Td (second ) Tj ET Q q 0 0 0 rg BT 238.55 102.75 Td (half ) Tj ET Q q 0 0 0 rg BT 256.60 102.75 Td (of ) Tj ET Q q 0 0 0 rg BT 267.43 102.75 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.75 Td (Successfully ) Tj ET Q q 0 0 0 rg BT 121.05 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 138.49 78.75 Td (safely ) Tj ET Q q 0 0 0 rg BT 165.38 78.75 Td (managed ) Tj ET Q q 0 0 0 rg BT 204.47 78.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.69 78.75 Td (impacts ) Tj ET Q q 0 0 0 rg BT 253.80 78.75 Td (of ) Tj ET Q q 0 0 0 rg BT 265.14 78.75 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 308.12 78.75 Td (Harvey) Tj ET Q q 0 0 0 rg BT 336.90 78.75 Td (, ) Tj ET Q q 0 0 0 rg BT 342.40 78.75 Td (limiting ) Tj ET Q q 0 0 0 rg BT 377.08 78.75 Td (our ) Tj ET Q q 0 0 0 rg BT 393.41 78.75 Td (downtime ) Tj ET Q q 0 0 0 rg BT 436.41 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 453.85 78.75 Td (incremental ) Tj ET Q q 0 0 0 rg BT 504.05 78.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 527.06 78.75 Td (to ) Tj ET Q q 0 0 0 rg BT 537.84 78.75 Td (a ) Tj ET Q q 0 0 0 rg BT 545.28 78.75 Td (full-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 66.75 Td (year ) Tj ET Q q 0 0 0 rg BT 87.07 66.75 Td (production ) Tj ET Q q 0 0 0 rg BT 132.76 66.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 162.33 66.75 Td (of ) Tj ET Q q 0 0 0 rg BT 173.02 66.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 233.14 66.75 Td (500 ) Tj ET Q q 0 0 0 rg BT 250.51 66.75 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 280.65 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.45 66.75 Td (incremental ) Tj ET Q q 0 0 0 rg BT 347.01 66.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 369.36 66.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 409.48 66.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 447.94 66.75 Td (of ) Tj ET Q q 0 0 0 rg BT 458.63 66.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 518.76 66.75 Td ($4 ) Tj ET Q q 0 0 0 rg BT 531.12 66.75 Td (million.) 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 113.95 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 129.85 714.60 Td (first ) Tj ET Q q 0 0 0 rg BT 148.53 714.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 192.19 714.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 242.53 714.60 Td (well ) Tj ET Q q 0 0 0 rg BT 262.31 714.60 Td (at ) Tj ET Q q 0 0 0 rg BT 272.10 714.60 Td (Mission ) Tj ET Q q 0 0 0 rg BT 306.90 714.60 Td (Canyon ) Tj ET Q q 0 0 0 rg BT 340.58 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.92 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.71 714.60 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 392.15 714.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 418.03 714.60 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 457.81 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 478.16 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 485.17 714.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 508.85 714.60 Td (30-day ) Tj ET Q q 0 0 0 rg BT 539.18 714.60 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (production ) Tj ET Q q 0 0 0 rg BT 113.33 702.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 130.81 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 141.64 702.60 Td (1,050 ) Tj ET Q q 0 0 0 rg BT 166.64 702.60 Td (Bbls/d.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (Increased ) Tj ET Q q 0 0 0 rg BT 107.67 678.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 137.31 678.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 171.93 678.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.02 678.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 238.97 678.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.97 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 260.83 678.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.48 678.60 Td (259.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.98 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.85 678.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 337.00 678.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.30 678.60 Td (254.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 382.67 678.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 422.32 678.60 Td (at ) Tj ET Q q 0 0 0 rg BT 431.40 678.60 Td (December ) Tj ET Q q 0 0 0 rg BT 474.35 678.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 488.72 678.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 513.08 678.60 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 74.44 666.60 Td (127% ) Tj ET Q q 0 0 0 rg BT 100.27 666.60 Td (replacement ) Tj ET Q q 0 0 0 rg BT 151.63 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.46 666.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 184.96 666.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 214.11 666.60 Td (production.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (Generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.62 642.60 Td ($267.1 ) Tj ET Q q 0 0 0 rg BT 142.15 642.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.04 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 174.08 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.44 642.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.25 642.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 227.61 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 250.09 642.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 294.78 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 305.59 642.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 331.12 642.60 Td (an ) Tj ET Q q 0 0 0 rg BT 343.60 642.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 373.29 642.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 409.07 642.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.44 642.60 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.77 642.60 Td (, ) Tj ET Q q 0 0 0 rg BT 444.30 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.78 642.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 492.57 642.60 Td (than ) Tj ET Q q 0 0 0 rg BT 512.82 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 529.18 642.60 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (development ) Tj ET Q q 0 0 0 rg BT 121.65 630.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 150.80 630.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 204.39 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 214.67 630.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 237.17 630.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 630.60 Td ($240.8 ) Tj ET Q q 0 0 0 rg BT 278.00 630.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.89 630.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (Reduced ) Tj ET Q q 0 0 0 rg BT 104.95 606.60 Td (general ) Tj ET Q q 0 0 0 rg BT 136.83 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.73 606.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 213.40 606.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 251.96 606.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.20 606.60 Td ($101.8 ) Tj ET Q q 0 0 0 rg BT 292.16 606.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.05 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 326.01 606.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.91 606.60 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.24 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 348.70 606.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 388.93 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 410.83 606.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 433.29 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.19 606.60 Td (a ) Tj ET Q q 0 0 0 rg BT 457.08 606.60 Td (36% ) Tj ET Q q 0 0 0 rg BT 477.88 606.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 518.10 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 540.00 606.60 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (reflective ) Tj ET Q q 0 0 0 rg BT 107.75 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.58 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 134.41 594.60 Td (reductions ) Tj ET Q q 0 0 0 rg BT 178.56 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.84 594.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 230.22 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.16 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 262.99 594.60 Td (ef) Tj ET Q q 0 0 0 rg BT 270.58 594.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 291.41 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.68 594.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 330.83 594.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 353.33 594.60 Td (during ) Tj ET Q q 0 0 0 rg BT 381.94 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.66 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 409.71 594.60 Td (price ) Tj ET Q q 0 0 0 rg BT 432.20 594.60 Td (downturn. ) 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 113.75 570.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 163.88 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.58 570.60 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 229.69 570.60 Td (working ) Tj ET Q q 0 0 0 rg BT 265.39 570.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 301.07 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 311.04 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 319.68 570.60 Td (est ) Tj ET Q q 0 0 0 rg BT 332.80 570.60 Td (Y) Tj ET Q q 0 0 0 rg BT 339.02 570.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 363.60 570.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 389.84 570.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 412.76 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 422.91 570.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 470.84 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.64 570.60 Td (Salt ) Tj ET Q q 0 0 0 rg BT 505.56 570.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 531.80 570.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 554.72 570.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.34 558.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 112.07 558.60 Td (replacing ) Tj ET Q q 0 0 0 rg BT 151.95 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 159.06 558.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 203.95 558.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 235.51 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.52 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 262.52 558.60 Td (current ) Tj ET Q q 0 0 0 rg BT 293.52 558.60 Td (year ) Tj ET Q q 0 0 0 rg BT 313.40 558.60 Td (production ) Tj ET Q q 0 0 0 rg BT 359.40 558.60 Td (through ) Tj ET Q q 0 0 0 rg BT 393.18 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 408.08 558.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 443.53 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.53 558.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 484.98 558.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 516.52 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 529.76 558.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (totaling ) Tj ET Q q 0 0 0 rg BT 100.55 546.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 160.81 546.60 Td (10.7 ) Tj ET Q q 0 0 0 rg BT 180.81 546.60 Td (MMBbls.) 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 (Completed ) Tj ET Q q 0 0 0 rg BT 114.57 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 122.20 522.60 Td (series ) Tj ET Q q 0 0 0 rg BT 148.15 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.67 522.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 180.08 522.60 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 224.91 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 235.88 522.60 Td (December ) Tj ET Q q 0 0 0 rg BT 280.15 522.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 303.34 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.97 522.60 Td (early ) Tj ET Q q 0 0 0 rg BT 344.14 522.60 Td (January ) Tj ET Q q 0 0 0 rg BT 378.43 522.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 404.12 522.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 442.30 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 453.27 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 460.89 522.60 Td (net ) Tj ET Q q 0 0 0 rg BT 476.30 522.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 517.25 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.77 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 545.29 522.60 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 105.67 510.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 138.82 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.77 510.60 Td ($184.4 ) Tj ET Q q 0 0 0 rg BT 179.90 510.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 213.91 510.60 Td (which ) Tj ET Q q 0 0 0 rg BT 240.98 510.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 260.82 510.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 301.20 510.60 Td (could ) Tj ET Q q 0 0 0 rg BT 326.04 510.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 361.42 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 371.82 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 378.88 510.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 419.27 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.23 510.60 Td (up ) Tj ET Q q 0 0 0 rg BT 442.85 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 453.25 510.60 Td ($329 ) Tj ET Q q 0 0 0 rg BT 475.87 510.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 509.89 510.60 Td (assuming ) 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 67.50 498.60 Td (new ) Tj ET Q q 0 0 0 rg BT 86.66 498.60 Td (convertible ) Tj ET Q q 0 0 0 rg BT 134.14 498.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 157.75 498.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 185.25 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.53 498.60 Td (those ) Tj ET Q q 0 0 0 rg BT 219.14 498.60 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 263.28 498.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 284.67 498.60 Td (convert ) Tj ET Q q 0 0 0 rg BT 317.15 498.60 Td (into ) Tj ET Q q 0 0 0 rg BT 335.21 498.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 362.70 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.53 498.60 Td (common ) Tj ET Q q 0 0 0 rg BT 411.03 498.60 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 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 (Modified ) Tj ET Q q 0 0 0 rg BT 106.62 474.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 135.72 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.94 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 161.17 474.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.05 474.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 250.47 474.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 292.36 474.60 Td (through ) Tj ET Q q 0 0 0 rg BT 325.36 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.48 474.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 381.92 474.60 Td (term ) Tj ET Q q 0 0 0 rg BT 402.14 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.37 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 426.49 474.60 Td (Bank ) Tj ET Q q 0 0 0 rg BT 449.49 474.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 475.97 474.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 522.29 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 531.97 474.60 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (more ) Tj ET Q q 0 0 0 rg BT 91.25 462.60 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 133.89 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.88 462.60 Td (managing ) Tj ET Q q 0 0 0 rg BT 187.52 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 204.05 462.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 237.79 462.60 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 264.04 462.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 290.01 462.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 329.31 462.60 Td (by ) Tj ET Q q 0 0 0 rg BT 342.51 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 359.04 462.60 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 393.63 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.27 462.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 457.25 462.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 506.54 462.60 Td (with ) Tj ET Q q 0 0 0 rg BT 527.52 462.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 119.80 450.60 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 164.07 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 165.85 450.60 Td (In ) Tj ET Q q 0 0 0 rg BT 175.96 450.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 213.01 450.60 Td (maintained ) Tj ET Q q 0 0 0 rg BT 259.22 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.22 450.60 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 297.50 450.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 325.39 450.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 368.83 450.60 Td (base ) Tj ET Q q 0 0 0 rg BT 388.38 450.60 Td (under ) Tj ET Q q 0 0 0 rg BT 412.92 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 428.03 450.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 454.25 450.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 486.57 450.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 507.79 450.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 532.33 450.60 Td (facility) Tj ET Q q 0 0 0 rg BT 560.00 450.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 108.89 438.60 Td (us ) Tj ET Q q 0 0 0 rg BT 120.28 438.60 Td (with ) Tj ET Q q 0 0 0 rg BT 140.56 438.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 185.27 438.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 218.51 438.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 72.00 414.60 Td (BUSINESS ) Tj ET Q q 0 0 0 rg BT 122.86 414.60 Td (OUTLOOK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 390.60 Td (e ) Tj ET Q q 0 0 0 rg BT 82.71 390.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 112.61 390.60 Td (diligent ) Tj ET Q q 0 0 0 rg BT 145.30 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 155.21 390.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 205.67 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 221.13 390.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 249.92 390.60 Td (budgets ) Tj ET Q q 0 0 0 rg BT 283.16 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.07 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 299.65 390.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 331.77 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 348.90 390.60 Td (allows ) Tj ET Q q 0 0 0 rg BT 377.14 390.60 Td (us ) Tj ET Q q 0 0 0 rg BT 388.17 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.08 390.60 Td (maximize ) Tj ET Q q 0 0 0 rg BT 439.65 390.60 Td (value ) Tj ET Q q 0 0 0 rg BT 463.44 390.60 Td (while ) Tj ET Q q 0 0 0 rg BT 487.79 390.60 Td (meeting ) Tj ET Q q 0 0 0 rg BT 522.14 390.60 Td (one ) Tj ET Q q 0 0 0 rg BT 538.71 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 390.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (key ) Tj ET Q q 0 0 0 rg BT 67.12 378.60 Td (objectives ) Tj ET Q q 0 0 0 rg BT 110.84 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.35 378.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 161.64 378.60 Td (within ) Tj ET Q q 0 0 0 rg BT 190.38 378.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 211.33 378.60 Td (flow) Tj ET Q q 0 0 0 rg BT 229.01 378.60 Td (. ) Tj ET Q q 0 0 0 rg BT 234.69 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 237.87 378.60 Td (For ) Tj ET Q q 0 0 0 rg BT 254.95 378.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 280.63 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 295.47 378.60 Td (have ) Tj ET Q q 0 0 0 rg BT 317.53 378.60 Td (initially ) Tj ET Q q 0 0 0 rg BT 351.82 378.60 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 391.65 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 408.16 378.60 Td (development ) Tj ET Q q 0 0 0 rg BT 463.00 378.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 492.83 378.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 532.12 378.60 Td (at ) Tj ET Q q 0 0 0 rg BT 542.52 378.60 Td ($300 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (million ) Tj ET Q q 0 0 0 rg BT 81.91 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 93.21 366.60 Td ($325 ) Tj ET Q q 0 0 0 rg BT 116.72 366.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 151.63 366.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 194.59 366.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 241.41 366.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.36 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.32 366.60 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 346.11 366.60 Td (an ) Tj ET Q q 0 0 0 rg BT 359.07 366.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 395.34 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 407.19 366.60 Td (roughly ) Tj ET Q q 0 0 0 rg BT 441.81 366.60 Td (30% ) Tj ET Q q 0 0 0 rg BT 463.66 366.60 Td (over ) Tj ET Q q 0 0 0 rg BT 484.95 366.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 508.46 366.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 535.85 366.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 88.65 354.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 117.52 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.34 354.60 Td (W) Tj ET Q q 0 0 0 rg BT 128.98 354.60 Td (e ) Tj ET Q q 0 0 0 rg BT 136.46 354.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 169.49 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.97 354.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 216.68 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.28 354.60 Td (price ) Tj ET Q q 0 0 0 rg BT 253.30 354.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 289.67 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.04 354.60 Td ($55 ) Tj ET Q q 0 0 0 rg BT 319.08 354.60 Td (per ) Tj ET Q q 0 0 0 rg BT 334.89 354.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 352.38 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 363.20 354.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 410.68 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 427.05 354.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 450.09 354.60 Td (budget, ) Tj ET Q q 0 0 0 rg BT 482.85 354.60 Td (which ) Tj ET Q q 0 0 0 rg BT 510.33 354.60 Td (based ) Tj ET Q q 0 0 0 rg BT 536.14 354.60 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 354.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (current ) Tj ET Q q 0 0 0 rg BT 80.57 342.60 Td (projections ) Tj ET Q q 0 0 0 rg BT 127.76 342.60 Td (would ) Tj ET Q q 0 0 0 rg BT 155.51 342.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 192.13 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 199.32 342.60 Td (level ) Tj ET Q q 0 0 0 rg BT 221.51 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.59 342.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 253.11 342.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 274.20 342.60 Td (that ) Tj ET Q q 0 0 0 rg BT 291.95 342.60 Td (would ) Tj ET Q q 0 0 0 rg BT 319.70 342.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 341.34 342.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 362.42 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 378.51 342.60 Td (development ) Tj ET Q q 0 0 0 rg BT 432.91 342.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 462.32 342.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 501.18 342.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 527.54 342.60 Td (with ) Tj ET Q q 0 0 0 rg BT 548.07 342.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 87.19 330.60 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 123.21 330.60 Td (covered ) Tj ET Q q 0 0 0 rg BT 157.55 330.60 Td (by ) Tj ET Q q 0 0 0 rg BT 170.25 330.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 220.14 330.60 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 268.39 330.60 Td (on ) Tj ET Q q 0 0 0 rg BT 281.09 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 297.11 330.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 324.25 330.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 357.48 330.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 379.62 330.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 405.08 330.60 Td (facility) Tj ET Q q 0 0 0 rg BT 432.75 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 437.95 330.60 Td (under ) Tj ET Q q 0 0 0 rg BT 463.41 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 490.55 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 504.90 330.60 Td (had ) Tj ET Q q 0 0 0 rg BT 522.04 330.60 Td (more ) Tj ET Q q 0 0 0 rg BT 545.28 330.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td ($500 ) Tj ET Q q 0 0 0 rg BT 72.40 318.60 Td (million ) Tj ET Q q 0 0 0 rg BT 104.20 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.43 318.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 163.32 318.60 Td (as ) Tj ET Q q 0 0 0 rg BT 174.55 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.78 318.60 Td (December ) Tj ET Q q 0 0 0 rg BT 229.77 318.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 245.17 318.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 270.58 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.27 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 282.31 318.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 295.77 318.60 Td (this ) Tj ET Q q 0 0 0 rg BT 313.12 318.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 353.77 318.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 383.33 318.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 422.34 318.60 Td (level, ) Tj ET Q q 0 0 0 rg BT 447.18 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 461.74 318.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 500.74 318.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 542.51 318.60 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (average ) Tj ET Q q 0 0 0 rg BT 83.14 306.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 105.68 306.60 Td (production ) Tj ET Q q 0 0 0 rg BT 151.56 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.89 306.60 Td (average ) Tj ET Q q 0 0 0 rg BT 195.53 306.60 Td (between ) Tj ET Q q 0 0 0 rg BT 231.40 306.60 Td (60,000 ) Tj ET Q q 0 0 0 rg BT 261.45 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.44 306.60 Td (64,000 ) Tj ET Q q 0 0 0 rg BT 308.50 306.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 341.33 306.60 Td (from ) Tj ET Q q 0 0 0 rg BT 363.32 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 379.20 306.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 401.75 306.60 Td (average ) Tj ET Q q 0 0 0 rg BT 435.39 306.60 Td (production ) Tj ET Q q 0 0 0 rg BT 481.27 306.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 498.81 306.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.69 306.60 Td (60,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.19 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 539.74 306.60 Td (BOE/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (d.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.96 270.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 113.51 270.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 151.53 270.60 Td (during ) Tj ET Q q 0 0 0 rg BT 179.54 270.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 201.45 270.60 Td (will ) Tj ET Q q 0 0 0 rg BT 218.91 270.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 255.25 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.93 270.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 288.50 270.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 327.62 270.60 Td (on ) Tj ET Q q 0 0 0 rg BT 339.52 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.65 270.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 394.98 270.60 Td (development ) Tj ET Q q 0 0 0 rg BT 448.54 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.78 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 474.01 270.60 Td (current ) Tj ET Q q 0 0 0 rg BT 504.23 270.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 535.01 270.60 Td (floods, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (while ) Tj ET Q q 0 0 0 rg BT 74.47 258.60 Td (also ) Tj ET Q q 0 0 0 rg BT 93.32 258.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 137.17 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 153.25 258.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 177.65 258.60 Td (on ) Tj ET Q q 0 0 0 rg BT 190.40 258.60 Td (execution ) Tj ET Q q 0 0 0 rg BT 232.02 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.10 258.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 293.62 258.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 328.03 258.60 Td (within ) Tj ET Q q 0 0 0 rg BT 356.33 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.41 258.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 406.82 258.60 Td (fields. ) Tj ET Q q 0 0 0 rg BT 434.29 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 437.04 258.60 Td (Planned ) Tj ET Q q 0 0 0 rg BT 472.00 258.60 Td (development ) Tj ET Q q 0 0 0 rg BT 526.40 258.60 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 89.81 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 99.57 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.78 246.60 Td (discussions ) Tj ET Q q 0 0 0 rg BT 161.33 246.60 Td (that ) Tj ET Q q 0 0 0 rg BT 178.32 246.60 Td (follow ) Tj ET Q q 0 0 0 rg BT 206.41 246.60 Td (may ) Tj ET Q q 0 0 0 rg BT 225.62 246.60 Td (be ) Tj ET Q q 0 0 0 rg BT 237.05 246.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 270.13 246.60 Td (or ) Tj ET Q q 0 0 0 rg BT 280.45 246.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 318.55 246.60 Td (during ) Tj ET Q q 0 0 0 rg BT 346.64 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 360.85 246.60 Td (course ) Tj ET Q q 0 0 0 rg BT 388.94 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.26 246.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 421.25 246.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 464.89 246.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 504.09 246.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 526.08 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 538.63 246.60 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.28 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 83.94 234.60 Td (level ) Tj ET Q q 0 0 0 rg BT 106.71 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.38 234.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 139.49 234.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 161.16 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.27 234.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 193.94 234.60 Td (such ) Tj ET Q q 0 0 0 rg BT 215.61 234.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 273.09 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 290.87 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 305.87 234.60 Td (will ) Tj ET Q q 0 0 0 rg BT 324.76 234.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 362.53 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.65 234.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 410.30 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 425.85 234.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 455.30 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 466.97 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.52 234.60 Td (development ) Tj ET Q q 0 0 0 rg BT 537.51 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 234.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (inventory ) Tj ET Q q 0 0 0 rg BT 90.16 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 100.82 222.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 125.37 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 142.14 222.60 Td (related ) Tj ET Q q 0 0 0 rg BT 171.68 222.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 210.11 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.89 222.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 266.15 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 267.97 222.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 317.87 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 322.70 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 336.69 222.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 356.24 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 366.35 222.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 403.12 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 418.78 222.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 442.78 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 455.11 222.60 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 511.88 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 527.54 222.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 89.70 210.60 Td (through ) Tj ET Q q 0 0 0 rg BT 123.24 210.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 163.99 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.74 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.39 210.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 225.70 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.45 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.21 210.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 274.08 210.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 299.27 210.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 330.01 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.88 210.60 Td (opportunistically ) Tj ET Q q 0 0 0 rg BT 417.07 210.60 Td (taking ) Tj ET Q q 0 0 0 rg BT 444.50 210.60 Td (steps ) Tj ET Q q 0 0 0 rg BT 466.92 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.13 210.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 506.20 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 521.96 210.60 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.31 198.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 95.23 198.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 123.37 198.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 152.63 198.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 172.44 198.60 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 217.52 198.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 267.89 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.92 198.60 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 328.61 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.42 198.60 Td (ef) Tj ET Q q 0 0 0 rg BT 351.01 198.60 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 391.91 198.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 430.04 198.60 Td (over ) Tj ET Q q 0 0 0 rg BT 450.41 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.22 198.60 Td (last ) Tj ET Q q 0 0 0 rg BT 481.70 198.60 Td (couple ) Tj ET Q q 0 0 0 rg BT 510.95 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.88 198.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 548.07 198.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 87.00 186.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 142.27 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 152.55 186.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 187.81 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 198.64 186.60 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 241.09 186.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 271.92 186.60 Td (through ) Tj ET Q q 0 0 0 rg BT 305.53 186.60 Td (or) Tj ET Q q 0 0 0 rg BT 313.68 186.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 337.83 186.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 371.99 186.60 Td (such ) Tj ET Q q 0 0 0 rg BT 392.82 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 403.65 186.60 Td (accretive ) Tj ET Q q 0 0 0 rg BT 442.23 186.60 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 162.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.88 162.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 114.70 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.52 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 140.78 162.60 Td (Company) Tj ET Q q 0 0 0 rg BT 182.45 162.60 Td (s ) Tj ET Q q 0 0 0 rg BT 189.38 162.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 212.43 162.60 Td (development ) Tj ET Q q 0 0 0 rg BT 267.13 162.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 293.78 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.04 162.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.98 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 360.69 162.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 399.83 162.60 Td (engaged ) Tj ET Q q 0 0 0 rg BT 436.19 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 447.02 162.60 Td (two ) Tj ET Q q 0 0 0 rg BT 465.06 162.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 487.55 162.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 506.14 162.60 Td (processes ) Tj ET Q q 0 0 0 rg BT 547.51 162.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 150.60 Td (be ) Tj ET Q q 0 0 0 rg BT 87.16 150.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 131.82 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.60 150.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 168.11 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.11 150.60 Td (In ) Tj ET Q q 0 0 0 rg BT 182.44 150.60 Td (mid-2017, ) Tj ET Q q 0 0 0 rg BT 226.84 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 241.50 150.60 Td (began ) Tj ET Q q 0 0 0 rg BT 268.38 150.60 Td (actively ) Tj ET Q q 0 0 0 rg BT 303.04 150.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 346.58 150.60 Td (for ) Tj ET Q q 0 0 0 rg BT 361.25 150.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 379.80 150.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 410.01 150.60 Td (non-productive ) Tj ET Q q 0 0 0 rg BT 474.10 150.60 Td (surface ) Tj ET Q q 0 0 0 rg BT 505.98 150.60 Td (acreage ) Tj ET Q q 0 0 0 rg BT 539.50 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 150.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (Houston ) Tj ET Q q 0 0 0 rg BT 86.16 138.60 Td (area, ) Tj ET Q q 0 0 0 rg BT 108.07 138.60 Td (tar) Tj ET Q q 0 0 0 rg BT 118.44 138.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 142.86 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 153.40 138.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 185.03 138.60 Td (bids ) Tj ET Q q 0 0 0 rg BT 204.47 138.60 Td (during ) Tj ET Q q 0 0 0 rg BT 233.34 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.32 138.60 Td (second ) Tj ET Q q 0 0 0 rg BT 278.86 138.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 309.94 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.04 138.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 346.30 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 349.07 138.60 Td (In ) Tj ET Q q 0 0 0 rg BT 360.16 138.60 Td (late-February ) Tj ET Q q 0 0 0 rg BT 416.79 138.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 442.06 138.60 Td (we ) Tj ET Q q 0 0 0 rg BT 456.48 138.60 Td (initiated ) Tj ET Q q 0 0 0 rg BT 492.02 138.60 Td (a ) Tj ET Q q 0 0 0 rg BT 499.22 138.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 521.43 138.60 Td (process ) Tj ET Q q 0 0 0 rg BT 554.19 138.60 Td (of ) 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 65.15 126.60 Td (mature ) Tj ET Q q 0 0 0 rg BT 95.23 126.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 117.55 126.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 159.86 126.60 Td (located ) Tj ET Q q 0 0 0 rg BT 191.05 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 201.15 126.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 249.04 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.79 126.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 307.55 126.60 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 351.53 126.60 Td (under ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 376.61 126.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 391.71 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.03 126.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 442.47 126.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 460.90 126.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 508.22 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 515.54 126.60 Td (T) Tj ET Q q 0 0 0 rg BT 520.18 126.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 549.72 126.60 Td (Oil ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 114.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 93.09 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 99.83 114.60 Td (Matur) Tj ET Q q 0 0 0 rg BT 124.46 114.60 Td (e ) Tj ET Q q 0 0 0 rg BT 130.64 114.60 Td (pr) Tj ET Q q 0 0 0 rg BT 139.16 114.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.38 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 173.12 114.60 Td (below\), ) Tj ET Q q 0 0 0 rg BT 205.13 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.31 114.60 Td (Citronelle ) Tj ET Q q 0 0 0 rg BT 263.04 114.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 285.34 114.60 Td (located ) Tj ET Q q 0 0 0 rg BT 315.96 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 325.09 114.60 Td (Alabama ) Tj ET Q q 0 0 0 rg BT 362.93 114.60 Td (as ) Tj ET Q q 0 0 0 rg BT 373.00 114.60 Td (part ) Tj ET Q q 0 0 0 rg BT 390.29 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 400.36 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 415.43 114.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 444.94 114.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 481.68 114.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 537.01 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 538.62 114.60 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 73.92 102.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 113.32 102.60 Td (an ) Tj ET Q q 0 0 0 rg BT 124.96 102.60 Td (average ) Tj ET Q q 0 0 0 rg BT 158.25 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.77 102.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 228.73 102.60 Td (7,600 ) Tj ET Q q 0 0 0 rg BT 253.43 102.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 283.41 102.60 Td (during ) Tj ET Q q 0 0 0 rg BT 311.72 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.14 102.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 352.77 102.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 383.29 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.82 102.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 418.52 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 420.72 102.60 Td (In ) Tj ET Q q 0 0 0 rg BT 431.25 102.60 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 474.81 102.60 Td (these ) Tj ET Q q 0 0 0 rg BT 497.56 102.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 521.97 102.60 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 63.16 90.60 Td (13% ) Tj ET Q q 0 0 0 rg BT 83.48 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.81 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 109.14 90.60 Td (total ) Tj ET Q q 0 0 0 rg BT 128.91 90.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 150.91 90.60 Td (production ) Tj ET Q q 0 0 0 rg BT 196.23 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 212.66 90.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 272.42 90.60 Td (7% ) Tj ET Q q 0 0 0 rg BT 287.75 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.07 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 313.40 90.60 Td (year) Tj ET Q q 0 0 0 rg BT 330.41 90.60 Td (-end ) Tj ET Q q 0 0 0 rg BT 350.17 90.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 379.94 90.60 Td (reserves.) Tj ET Q q 0 0 0 rg BT 420.02 90.60 Td (The ) Tj ET Q q 0 0 0 rg BT 437.56 90.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 465.67 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.11 90.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 518.54 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.87 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 543.08 90.60 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (process ) Tj ET Q q 0 0 0 rg BT 81.99 78.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 111.15 78.60 Td (be ) Tj ET Q q 0 0 0 rg BT 123.08 78.60 Td (predicted ) Tj ET Q q 0 0 0 rg BT 162.79 78.60 Td (at ) Tj ET Q q 0 0 0 rg BT 172.50 78.60 Td (this ) Tj ET Q q 0 0 0 rg BT 189.45 78.60 Td (time.) 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 (2017) 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 (2016) 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 (2015) 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 (\(see ) Tj ET Q q 0 0 0 rg BT 157.36 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.55 654.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 212.73 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.02 654.75 Td (D&M) Tj ET Q q 0 0 0 rg BT 250.69 654.75 Td (s ) Tj ET Q q 0 0 0 rg BT 257.55 654.75 Td (report ) Tj ET Q q 0 0 0 rg BT 284.39 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 295.69 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.98 654.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 366.03 654.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.03 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 391.50 654.75 Td (included ) Tj ET Q q 0 0 0 rg BT 428.90 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 440.19 654.75 Td (an ) Tj ET Q q 0 0 0 rg BT 452.60 654.75 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 483.33 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 494.08 654.75 Td (this ) Tj ET Q q 0 0 0 rg BT 511.49 654.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 536.13 654.75 Td (10-K\). ) 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 (2017) 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 (2016) 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 (2015) 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 74.38 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 85.09 714.60 Td (well ) Tj ET Q q 0 0 0 rg BT 104.69 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 115.39 714.60 Td (PV) Tj ET Q q 0 0 0 rg BT 127.26 714.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 142.80 714.60 Td (V) Tj ET Q q 0 0 0 rg BT 148.91 714.60 Td (alues ) Tj ET Q q 0 0 0 rg BT 171.84 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 188.65 714.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 243.24 714.60 Td (Measures ) Tj ET Q q 0 0 0 rg BT 283.94 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 297.98 714.60 Td (each ) Tj ET Q q 0 0 0 rg BT 318.67 714.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 349.10 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 351.48 714.60 Td (During ) Tj ET Q q 0 0 0 rg BT 382.19 714.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 407.06 714.60 Td (total ) Tj ET Q q 0 0 0 rg BT 427.22 714.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 457.37 714.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 492.50 714.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 532.64 714.60 Td (by ) Tj ET Q q 0 0 0 rg BT 545.02 714.60 Td (27.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 89.00 702.60 Td (on ) Tj ET Q q 0 0 0 rg BT 100.72 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 106.87 702.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 129.70 702.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 153.92 702.60 Td (more ) Tj ET Q q 0 0 0 rg BT 176.18 702.60 Td (than ) Tj ET Q q 0 0 0 rg BT 195.11 702.60 Td (replacing ) Tj ET Q q 0 0 0 rg BT 234.03 702.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 255.75 702.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 303.29 702.60 Td (or ) Tj ET Q q 0 0 0 rg BT 313.34 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 319.49 702.60 Td (5.3 ) Tj ET Q q 0 0 0 rg BT 333.71 702.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 373.21 702.60 Td (net ) Tj ET Q q 0 0 0 rg BT 387.14 702.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 421.61 702.60 Td (after ) Tj ET Q q 0 0 0 rg BT 441.64 702.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 463.36 702.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 510.90 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 512.49 702.60 Td (The ) Tj ET Q q 0 0 0 rg BT 529.75 702.60 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (was ) Tj ET Q q 0 0 0 rg BT 68.34 690.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 108.84 690.60 Td (due ) Tj ET Q q 0 0 0 rg BT 126.56 690.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.63 690.60 Td (14.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.13 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.41 690.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 199.48 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 211.10 690.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 246.05 690.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 285.44 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 297.06 690.60 Td (previous ) Tj ET Q q 0 0 0 rg BT 334.78 690.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 375.28 690.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 419.66 690.60 Td (with ) Tj ET Q q 0 0 0 rg BT 440.73 690.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 476.22 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 487.28 690.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 536.12 690.60 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 91.40 678.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 115.54 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.12 678.60 Td (performance, ) Tj ET Q q 0 0 0 rg BT 191.29 678.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.86 678.60 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.36 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 231.50 678.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 273.43 678.60 Td (added ) Tj ET Q q 0 0 0 rg BT 301.44 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 315.58 678.60 Td (property ) Tj ET Q q 0 0 0 rg BT 353.60 678.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 405.52 678.60 Td (during ) Tj ET Q q 0 0 0 rg BT 435.76 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 452.12 678.60 Td (year) Tj ET Q q 0 0 0 rg BT 468.78 678.60 Td (. ) Tj ET Q q 0 0 0 rg BT 475.42 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.26 678.60 Td (There ) Tj ET Q q 0 0 0 rg BT 506.71 678.60 Td (are ) Tj ET Q q 0 0 0 rg BT 523.06 678.60 Td (numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 103.99 666.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 140.16 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 151.35 666.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 196.41 666.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 238.70 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.43 666.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 281.60 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 295.57 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.41 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 344.58 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 361.31 666.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 397.48 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.32 666.60 Td (their ) Tj ET Q q 0 0 0 rg BT 437.05 666.60 Td (values, ) Tj ET Q q 0 0 0 rg BT 468.50 666.60 Td (including ) Tj ET Q q 0 0 0 rg BT 509.68 666.60 Td (many ) Tj ET Q q 0 0 0 rg BT 535.30 666.60 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 81.68 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.75 654.60 Td (control.See ) Tj ET Q q 0 0 0 rg BT 150.75 654.60 Td (also ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 169.59 654.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 185.11 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.85 654.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 236.71 654.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 255.56 654.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.56 654.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.29 654.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.29 654.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 311.03 654.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 334.88 654.60 Td (Summary ) Tj ET Q q 0 0 0 rg BT 375.39 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 380.03 654.60 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.25 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 402.49 654.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 423.55 654.60 Td (1A, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 441.01 654.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 460.96 654.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 494.81 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.55 654.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 548.62 654.60 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (r) Tj ET Q q 0 0 0 rg BT 53.02 642.60 Td (eserves, ) Tj ET Q q 0 0 0 rg BT 86.28 642.60 Td (pr) Tj ET Q q 0 0 0 rg BT 94.81 642.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 131.14 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.47 642.60 Td (futur) Tj ET Q q 0 0 0 rg BT 166.55 642.60 Td (e ) Tj ET Q q 0 0 0 rg BT 172.32 642.60 Td (net ) Tj ET Q q 0 0 0 rg BT 185.87 642.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 205.54 642.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 227.99 642.60 Td (is ) Tj ET Q q 0 0 0 rg BT 236.00 642.60 Td (difficult ) Tj ET Q q 0 0 0 rg BT 268.44 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 277.56 642.60 Td (do ) Tj ET Q q 0 0 0 rg BT 288.89 642.60 Td (with ) Tj ET Q q 0 0 0 rg BT 307.45 642.60 Td (any ) Tj ET Q q 0 0 0 rg BT 323.23 642.60 Td (certainty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.77 642.60 Td (, ) Tj ET Q q 0 0 0 rg BT 362.61 642.60 Td (and) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 379.54 642.60 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 435.31 642.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 449.43 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 465.76 642.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 498.22 642.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 515.66 642.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 554.19 642.60 Td (es ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.38 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 100.88 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.16 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.87 630.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 181.15 630.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 220.86 630.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 267.24 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 281.40 630.60 Td (further ) Tj ET Q q 0 0 0 rg BT 311.11 630.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 355.28 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.11 630.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 397.47 630.60 Td (inputs ) Tj ET Q q 0 0 0 rg BT 424.42 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 441.36 630.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 476.07 630.60 Td (between ) Tj ET Q q 0 0 0 rg BT 511.88 630.60 Td (periods.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 590.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 590.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 590.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 590.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 590.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 590.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 560.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 560.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 560.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 560.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 560.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 560.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 530.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 530.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 530.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 530.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 530.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 530.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 500.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 500.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 500.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 500.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 500.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 500.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 470.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 470.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 470.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 470.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 470.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 470.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 440.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 440.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 440.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 440.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 440.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 440.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 410.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 410.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 410.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 410.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 410.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 410.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 380.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 380.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 380.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 380.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 380.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 380.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 350.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 350.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 350.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 350.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 350.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 350.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 320.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 320.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 320.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 320.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 320.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 320.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 290.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 290.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 290.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 290.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 290.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 290.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 260.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 260.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 260.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 260.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 260.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 260.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 230.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 230.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 230.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 230.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 230.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 230.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 190.10 309.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 190.10 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 190.10 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 190.10 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 190.10 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 190.10 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 359 605.1 m 424 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 605.1 m 428 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 605.1 m 493 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 605.1 m 497 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 605.1 m 562 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 605.1 m 424 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 590.1 m 424 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 605.1 m 493 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 590.1 m 493 590.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 605.1 m 562 605.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 590.1 m 562 590.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 609.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.95 609.77 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 594.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 594.77 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 594.77 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 594.77 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 579.78 Td (Estimated pr) Tj ET Q q 0 0 0 rg BT 108.24 579.78 Td (oved r) Tj ET Q q 0 0 0 rg BT 135.00 579.78 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 579.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 579.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 579.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 564.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 564.77 Td (252,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 564.77 Td (247,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 564.77 Td (282,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 549.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 549.77 Td (42,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 549.77 Td (44,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 549.77 Td (38,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 534.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 534.77 Td (259,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 534.77 Td (254,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 534.77 Td (288,634) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 519.78 Td (Reserve volumes categories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 519.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 519.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 519.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 504.77 Td (Proved developed producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 504.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 504.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 504.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 489.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 489.77 Td (189,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 489.77 Td (170,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 489.77 Td (190,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 474.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 474.77 Td (38,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 474.77 Td (40,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 474.77 Td (36,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 459.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 459.77 Td (195,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 459.77 Td (176,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 459.77 Td (196,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 444.77 Td (Proved developed non-producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 444.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 444.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 444.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 429.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 429.77 Td (33,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 429.77 Td (31,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 429.77 Td (32,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 414.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 414.77 Td (4,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 414.77 Td (3,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 414.77 Td (1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 399.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 399.77 Td (34,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 399.77 Td (32,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 399.77 Td (32,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 384.77 Td (Proved undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 384.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 384.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 384.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 369.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 369.77 Td (30,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 369.77 Td (45,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 369.77 Td (59,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 354.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 354.77 Td (286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 354.77 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 354.77 Td (354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 339.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 339.77 Td (30,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 339.77 Td (45,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 339.77 Td (59,249) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 324.78 Td (Per) Tj ET Q q 0 0 0 rg BT 67.30 324.78 Td (centage of total MBOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 324.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 324.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 324.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 309.77 Td (Proved developed producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 309.77 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 309.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 309.77 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 309.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 309.77 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 309.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 294.77 Td (Proved developed non-producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 294.77 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 294.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 294.77 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 294.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 294.77 Td (1) Tj ET Q q 0 0 0 rg BT 548.15 294.77 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 294.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 279.77 Td (Proved undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 279.77 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 279.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 279.77 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 279.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 279.77 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 279.77 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 264.78 Td (Repr) Tj ET Q q 0 0 0 rg BT 73.98 264.78 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 228.97 269.31 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 264.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 264.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 264.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 249.77 Td (Oil \(NYMEX price per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 249.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 249.77 Td (51.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 249.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 249.77 Td (42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 249.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 249.77 Td (50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 234.77 Td (Natural gas \(Henry Hub price per MMBtu\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 234.77 Td (2.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 234.77 Td (2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 234.77 Td (2.63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 219.78 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.87 219.78 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 179.56 224.31 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 219.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 219.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 219.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 204.77 Td (Discounted estimated future net cash flows before income taxes \(PV) Tj ET Q q 0 0 0 rg BT 337.66 204.77 Td (-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 194.77 Td (V) Tj ET Q q 0 0 0 rg BT 79.61 194.77 Td (alue\) ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 102.10 199.30 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 194.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 194.77 Td (2,533,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 194.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 194.77 Td (1,541,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 194.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 194.77 Td (2,318,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 179.77 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 73.50 169.77 Td (after income taxes \(Standardized Measure\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 169.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 169.77 Td (2,232,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 169.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 169.77 Td (1,399,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 169.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 169.77 Td (1,890,124) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 141.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.28 141.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 124.70 141.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 150.82 141.60 Td (were ) Tj ET Q q 0 0 0 rg BT 172.48 141.60 Td (based ) Tj ET Q q 0 0 0 rg BT 197.49 141.60 Td (on ) Tj ET Q q 0 0 0 rg BT 209.72 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.17 141.60 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 266.95 141.60 Td (average ) Tj ET Q q 0 0 0 rg BT 300.27 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.83 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.29 141.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 417.50 141.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 456.40 141.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 504.18 141.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 530.30 141.60 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 141.60 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 129.60 Td (month ) Tj ET Q q 0 0 0 rg BT 95.40 129.60 Td (during ) Tj ET Q q 0 0 0 rg BT 123.86 129.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.42 129.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 181.30 129.60 Td (year) Tj ET Q q 0 0 0 rg BT 197.95 129.60 Td (. ) Tj ET Q q 0 0 0 rg BT 202.80 129.60 Td ( ) Tj ET Q q 0 0 0 rg BT 204.98 129.60 Td (These ) Tj ET Q q 0 0 0 rg BT 231.20 129.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 257.42 129.60 Td (do ) Tj ET Q q 0 0 0 rg BT 269.77 129.60 Td (not ) Tj ET Q q 0 0 0 rg BT 284.89 129.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 312.77 129.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 362.89 129.60 Td (for ) Tj ET Q q 0 0 0 rg BT 376.90 129.60 Td (market ) Tj ET Q q 0 0 0 rg BT 407.01 129.60 Td (dif) Tj ET Q q 0 0 0 rg BT 417.94 129.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 457.48 129.60 Td (by ) Tj ET Q q 0 0 0 rg BT 469.83 129.60 Td (field ) Tj ET Q q 0 0 0 rg BT 490.50 129.60 Td (that ) Tj ET Q q 0 0 0 rg BT 507.84 129.60 Td (are ) Tj ET Q q 0 0 0 rg BT 522.40 129.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 554.73 129.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 117.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.18 117.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 130.18 117.60 Td (of ) Tj ET Q q 0 0 0 rg BT 140.97 117.60 Td (our ) Tj ET Q q 0 0 0 rg BT 156.76 117.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 188.09 117.60 Td (report ) Tj ET Q q 0 0 0 rg BT 214.43 117.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.68 117.60 Td (arrive ) Tj ET Q q 0 0 0 rg BT 250.45 117.60 Td (at ) Tj ET Q q 0 0 0 rg BT 260.13 117.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.81 117.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 322.81 117.60 Td (net ) Tj ET Q q 0 0 0 rg BT 337.49 117.60 Td (price ) Tj ET Q q 0 0 0 rg BT 359.94 117.60 Td (we ) Tj ET Q q 0 0 0 rg BT 374.06 117.60 Td (receive. ) Tj ET Q q 0 0 0 rg BT 407.89 117.60 Td ( ) Tj ET Q q 0 0 0 rg BT 410.35 117.60 Td (See ) Tj ET Q q 0 0 0 rg BT 427.25 117.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 448.04 117.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 458.01 117.60 Td (Management) Tj ET Q q 0 0 0 rg BT 512.25 117.60 Td (s ) Tj ET Q q 0 0 0 rg BT 518.61 117.60 Td (Discussion ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 105.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.65 105.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 120.85 105.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.95 105.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 172.14 105.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 214.46 105.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.78 105.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 262.98 105.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.08 105.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 318.08 105.60 Td ( ) Tj ET Q q 0 0 0 rg BT 320.39 105.60 Td ( ) Tj ET Q q 0 0 0 rg BT 327.71 105.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 358.91 105.60 Td (of ) Tj ET Q q 0 0 0 rg BT 369.01 105.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 416.32 105.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 423.64 105.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 467.06 105.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 498.26 105.60 Td (T) Tj ET Q q 0 0 0 rg BT 502.91 105.60 Td (able) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 520.12 105.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.44 105.60 Td (for ) Tj ET Q q 0 0 0 rg BT 536.42 105.60 Td (details ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 93.60 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 93.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 91.39 93.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.33 93.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 138.59 93.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 154.42 93.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 180.80 93.60 Td (received, ) Tj ET Q q 0 0 0 rg BT 219.66 93.60 Td (both ) Tj ET Q q 0 0 0 rg BT 239.94 93.60 Td (including ) Tj ET Q q 0 0 0 rg BT 280.21 93.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.15 93.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 339.08 93.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.80 93.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 383.51 93.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.34 93.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 436.82 93.60 Td (settlements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 69.60 Td (Determined ) Tj ET Q q 0 0 0 rg BT 118.76 69.60 Td (based ) Tj ET Q q 0 0 0 rg BT 145.58 69.60 Td (on ) Tj ET Q q 0 0 0 rg BT 159.64 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.91 69.60 Td (average ) Tj ET Q q 0 0 0 rg BT 211.05 69.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 305.08 69.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 333.02 69.60 Td (for ) Tj ET Q q 0 0 0 rg BT 348.73 69.60 Td (each ) Tj ET Q q 0 0 0 rg BT 371.10 69.60 Td (month, ) Tj ET Q q 0 0 0 rg BT 403.22 69.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 440.60 69.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.43 69.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 480.37 69.60 Td (received ) Tj ET Q q 0 0 0 rg BT 518.29 69.60 Td (by ) Tj ET Q q 0 0 0 rg BT 532.34 69.60 Td (field ) Tj ET Q q 0 0 0 rg BT 554.73 69.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 57.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 114.86 57.60 Td (with ) Tj ET Q q 0 0 0 rg BT 135.03 57.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 175.19 57.60 Td (set ) Tj ET Q q 0 0 0 rg BT 188.70 57.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 210.53 57.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.70 57.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.31 57.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 274.39 57.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 323.44 57.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 365.28 57.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 392.11 57.60 Td (Codification ) Tj ET Q q 0 0 0 rg BT 444.50 57.60 Td (\(F) Tj ET Q q 0 0 0 rg BT 457.08 57.60 Td (ASC\). ) Tj ET Q q 0 0 0 rg BT 489.20 57.60 Td ( ) Tj ET Q q 0 0 0 rg BT 491.60 57.60 Td (PV) Tj ET Q q 0 0 0 rg BT 503.46 57.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 519.01 57.60 Td (V) Tj ET Q q 0 0 0 rg BT 525.13 57.60 Td (alues ) Tj ET Q q 0 0 0 rg BT 548.07 57.60 Td (and ) 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 67.50 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 81.83 726.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 136.14 726.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 172.67 726.60 Td (are ) Tj ET Q q 0 0 0 rg BT 186.99 726.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 239.09 726.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 277.85 726.60 Td (by ) Tj ET Q q 0 0 0 rg BT 289.95 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.28 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 316.94 726.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 342.93 726.60 Td (we ) Tj ET Q q 0 0 0 rg BT 356.70 726.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 387.67 726.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 419.76 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.64 726.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 468.42 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 481.08 726.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 507.07 726.60 Td (\(our ) Tj ET Q q 0 0 0 rg BT 525.84 726.60 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 80.11 714.60 Td (price ) Tj ET Q q 0 0 0 rg BT 102.16 714.60 Td (dif) Tj ET Q q 0 0 0 rg BT 113.09 714.60 Td (ferential\). ) Tj ET Q q 0 0 0 rg BT 154.28 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 156.19 714.60 Td (The ) Tj ET Q q 0 0 0 rg BT 173.80 714.60 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 246.93 714.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 259.54 714.60 Td (price ) Tj ET Q q 0 0 0 rg BT 281.58 714.60 Td (dif) Tj ET Q q 0 0 0 rg BT 292.51 714.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 331.77 714.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 363.82 714.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.31 714.60 Td ($2.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.81 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 409.87 714.60 Td (per ) Tj ET Q q 0 0 0 rg BT 424.69 714.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 441.20 714.60 Td (below ) Tj ET Q q 0 0 0 rg BT 467.70 714.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 525.83 714.60 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 80.11 702.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 106.05 702.60 Td (as ) Tj ET Q q 0 0 0 rg BT 116.44 702.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.82 702.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 184.96 702.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.96 702.60 Td (, ) Tj ET Q q 0 0 0 rg BT 209.52 702.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 251.00 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 260.84 702.60 Td ($3.39 ) Tj ET Q q 0 0 0 rg BT 285.39 702.60 Td (per ) Tj ET Q q 0 0 0 rg BT 300.22 702.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 316.73 702.60 Td (below ) Tj ET Q q 0 0 0 rg BT 343.22 702.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 381.94 702.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 394.56 702.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 420.49 702.60 Td (as ) Tj ET Q q 0 0 0 rg BT 430.88 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.27 702.60 Td (December ) Tj ET Q q 0 0 0 rg BT 484.41 702.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.96 702.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.96 702.60 Td (, ) Tj ET Q q 0 0 0 rg BT 523.52 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.02 702.60 Td ($2.17 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (per ) Tj ET Q q 0 0 0 rg BT 82.77 690.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 99.72 690.60 Td (below ) Tj ET Q q 0 0 0 rg BT 126.66 690.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 165.82 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.88 690.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 205.25 690.60 Td (as ) Tj ET Q q 0 0 0 rg BT 216.08 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.91 690.60 Td (December ) Tj ET Q q 0 0 0 rg BT 270.50 690.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 690.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 690.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (PV) Tj ET Q q 0 0 0 rg BT 79.37 666.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 94.71 666.60 Td (V) Tj ET Q q 0 0 0 rg BT 100.82 666.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 119.65 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 128.49 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 135.10 666.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 180.28 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.45 666.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 217.94 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.55 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.39 666.60 Td (dif) Tj ET Q q 0 0 0 rg BT 254.32 666.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 279.80 666.60 Td (from ) Tj ET Q q 0 0 0 rg BT 301.41 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.80 666.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 370.17 666.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 406.77 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.72 666.60 Td (that ) Tj ET Q q 0 0 0 rg BT 433.88 666.60 Td (PV) Tj ET Q q 0 0 0 rg BT 445.75 666.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 461.09 666.60 Td (V) Tj ET Q q 0 0 0 rg BT 467.21 666.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 486.03 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.87 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 501.48 666.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 531.97 666.60 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.04 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.37 654.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 152.68 654.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 189.21 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 197.99 654.60 Td (an ) Tj ET Q q 0 0 0 rg BT 209.53 654.60 Td (after) Tj ET Q q 0 0 0 rg BT 227.65 654.60 Td (-tax ) Tj ET Q q 0 0 0 rg BT 245.30 654.60 Td (number) Tj ET Q q 0 0 0 rg BT 275.29 654.60 Td (.) Tj ET Q q 0 0 0 rg BT 282.61 654.60 Td (The ) Tj ET Q q 0 0 0 rg BT 300.27 654.60 Td (information ) Tj ET Q q 0 0 0 rg BT 349.58 654.60 Td (used ) Tj ET Q q 0 0 0 rg BT 370.02 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 379.90 654.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 417.54 654.60 Td (PV) Tj ET Q q 0 0 0 rg BT 429.40 654.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 444.69 654.60 Td (V) Tj ET Q q 0 0 0 rg BT 450.80 654.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 469.56 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 478.34 654.60 Td (derived ) Tj ET Q q 0 0 0 rg BT 510.43 654.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 543.08 654.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (data ) Tj ET Q q 0 0 0 rg BT 86.74 642.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 134.31 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.68 642.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 192.23 642.60 Td (with ) Tj ET Q q 0 0 0 rg BT 212.59 642.60 Td (F) Tj ET Q q 0 0 0 rg BT 217.41 642.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 239.27 642.60 Td (T) Tj ET Q q 0 0 0 rg BT 244.68 642.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 264.48 642.60 Td (932.) Tj ET Q q 0 0 0 rg BT 286.80 642.60 Td (The ) Tj ET Q q 0 0 0 rg BT 304.94 642.60 Td (dif) Tj ET Q q 0 0 0 rg BT 315.86 642.60 Td (ference ) Tj ET Q q 0 0 0 rg BT 347.86 642.60 Td (between ) Tj ET Q q 0 0 0 rg BT 383.77 642.60 Td (these ) Tj ET Q q 0 0 0 rg BT 406.90 642.60 Td (two ) Tj ET Q q 0 0 0 rg BT 424.49 642.60 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 463.47 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.27 642.60 Td (discounted ) Tj ET Q q 0 0 0 rg BT 524.18 642.60 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (future ) Tj ET Q q 0 0 0 rg BT 94.23 630.60 Td (income ) Tj ET Q q 0 0 0 rg BT 126.51 630.60 Td (tax, ) Tj ET Q q 0 0 0 rg BT 144.07 630.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.48 630.60 Td ($301.4 ) Tj ET Q q 0 0 0 rg BT 192.82 630.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.72 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.57 630.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.63 630.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 293.56 630.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.56 630.60 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.19 630.60 Td ($142.5 ) Tj ET Q q 0 0 0 rg BT 349.54 630.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.43 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 381.28 630.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.35 630.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 450.28 630.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.28 630.60 Td (; ) Tj ET Q q 0 0 0 rg BT 475.91 630.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.20 630.60 Td ($428.4 ) Tj ET Q q 0 0 0 rg BT 523.54 630.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.44 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 555.29 630.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 126.20 618.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.20 618.60 Td (.) Tj ET Q q 0 0 0 rg BT 153.52 618.60 Td (W) Tj ET Q q 0 0 0 rg BT 162.15 618.60 Td (e ) Tj ET Q q 0 0 0 rg BT 169.21 618.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 200.69 618.60 Td (that ) Tj ET Q q 0 0 0 rg BT 218.30 618.60 Td (PV) Tj ET Q q 0 0 0 rg BT 230.17 618.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 245.92 618.60 Td (V) Tj ET Q q 0 0 0 rg BT 252.04 618.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 271.30 618.60 Td (is ) Tj ET Q q 0 0 0 rg BT 280.59 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 287.64 618.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 314.69 618.60 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 370.63 618.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 413.79 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 424.18 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.01 618.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 493.83 618.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 530.87 618.60 Td (because ) 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 83.54 606.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 139.57 606.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 177.82 606.60 Td (can ) Tj ET Q q 0 0 0 rg BT 195.52 606.60 Td (be ) Tj ET Q q 0 0 0 rg BT 208.78 606.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 249.26 606.60 Td (by ) Tj ET Q q 0 0 0 rg BT 263.08 606.60 Td (a ) Tj ET Q q 0 0 0 rg BT 271.35 606.60 Td (company) Tj ET Q q 0 0 0 rg BT 310.78 606.60 Td (s ) Tj ET Q q 0 0 0 rg BT 318.50 606.60 Td (unique ) Tj ET Q q 0 0 0 rg BT 349.54 606.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 365.58 606.60 Td (situation, ) Tj ET Q q 0 0 0 rg BT 406.34 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.61 606.60 Td (it ) Tj ET Q q 0 0 0 rg BT 433.99 606.60 Td (is ) Tj ET Q q 0 0 0 rg BT 444.48 606.60 Td (not ) Tj ET Q q 0 0 0 rg BT 461.08 606.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 499.33 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 510.93 606.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 550.28 606.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 122.70 594.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 160.12 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 173.12 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 180.55 594.60 Td (property-by-property ) Tj ET Q q 0 0 0 rg BT 267.96 594.60 Td (basis.Because ) Tj ET Q q 0 0 0 rg BT 331.77 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.10 594.60 Td (this, ) Tj ET Q q 0 0 0 rg BT 363.04 594.60 Td (PV) Tj ET Q q 0 0 0 rg BT 374.91 594.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 391.02 594.60 Td (V) Tj ET Q q 0 0 0 rg BT 397.13 594.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 416.78 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 426.45 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 433.88 594.60 Td (widely ) Tj ET Q q 0 0 0 rg BT 464.09 594.60 Td (used ) Tj ET Q q 0 0 0 rg BT 485.42 594.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 521.73 594.60 Td (within ) Tj ET Q q 0 0 0 rg BT 550.28 594.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 103.14 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.44 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 129.98 582.60 Td (commonly ) Tj ET Q q 0 0 0 rg BT 175.61 582.60 Td (used ) Tj ET Q q 0 0 0 rg BT 196.80 582.60 Td (by ) Tj ET Q q 0 0 0 rg BT 209.67 582.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 250.29 582.60 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 287.87 582.60 Td (banks ) Tj ET Q q 0 0 0 rg BT 314.07 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.37 582.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 356.99 582.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 383.18 582.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 420.47 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 431.11 582.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 467.28 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.36 582.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 523.55 582.60 Td (future ) Tj ET Q q 0 0 0 rg BT 550.29 582.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.72 570.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 112.40 570.60 Td (from ) Tj ET Q q 0 0 0 rg BT 134.30 570.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 164.52 570.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 199.74 570.60 Td (on ) Tj ET Q q 0 0 0 rg BT 212.19 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 219.09 570.60 Td (comparative ) Tj ET Q q 0 0 0 rg BT 270.96 570.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 293.42 570.60 Td (across ) Tj ET Q q 0 0 0 rg BT 320.86 570.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 366.08 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 376.87 570.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 410.42 570.60 Td (properties.PV) Tj ET Q q 0 0 0 rg BT 469.77 570.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 485.38 570.60 Td (V) Tj ET Q q 0 0 0 rg BT 491.49 570.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 510.60 570.60 Td (is ) Tj ET Q q 0 0 0 rg BT 519.73 570.60 Td (commonly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (used ) Tj ET Q q 0 0 0 rg BT 87.56 558.60 Td (by ) Tj ET Q q 0 0 0 rg BT 99.30 558.60 Td (us ) Tj ET Q q 0 0 0 rg BT 109.93 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 126.10 558.60 Td (others ) Tj ET Q q 0 0 0 rg BT 152.27 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.79 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 176.85 558.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 211.36 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 220.88 558.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 255.92 558.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 297.64 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 314.37 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 328.31 558.60 Td (bought ) Tj ET Q q 0 0 0 rg BT 357.83 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.00 558.60 Td (sold, ) Tj ET Q q 0 0 0 rg BT 394.91 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.42 558.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 430.60 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.55 558.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 481.27 558.60 Td (return ) Tj ET Q q 0 0 0 rg BT 506.89 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.62 558.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 77.71 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 93.47 546.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 106.45 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 123.32 546.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 153.51 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 169.27 546.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 214.19 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.05 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.26 546.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 275.90 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 291.66 546.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 340.19 546.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 369.28 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.04 546.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 393.02 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.89 546.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 440.09 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 455.84 546.60 Td (properties. ) Tj ET Q q 0 0 0 rg BT 500.76 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 503.19 546.60 Td (PV) Tj ET Q q 0 0 0 rg BT 515.05 546.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 530.64 546.60 Td (V) Tj ET Q q 0 0 0 rg BT 536.75 546.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 555.83 546.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (not ) Tj ET Q q 0 0 0 rg BT 82.94 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 90.04 534.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 126.01 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.00 534.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.64 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 185.63 534.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 226.06 534.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 279.24 534.60 Td (under ) Tj ET Q q 0 0 0 rg BT 304.67 534.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 330.79 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 335.95 534.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 351.94 534.60 Td (should ) Tj ET Q q 0 0 0 rg BT 381.27 534.60 Td (it ) Tj ET Q q 0 0 0 rg BT 389.48 534.60 Td (be ) Tj ET Q q 0 0 0 rg BT 401.58 534.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 447.56 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 458.00 534.60 Td (isolation ) Tj ET Q q 0 0 0 rg BT 495.10 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 506.09 534.60 Td (as ) Tj ET Q q 0 0 0 rg BT 517.08 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 524.18 534.60 Td (substitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 81.81 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.67 522.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 151.52 522.60 Td (Measure.Our ) Tj ET Q q 0 0 0 rg BT 211.65 522.60 Td (PV) Tj ET Q q 0 0 0 rg BT 223.52 522.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 239.30 522.60 Td (V) Tj ET Q q 0 0 0 rg BT 245.42 522.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 264.72 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.81 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.67 522.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 351.52 522.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 388.60 522.60 Td (do ) Tj ET Q q 0 0 0 rg BT 401.25 522.60 Td (not ) Tj ET Q q 0 0 0 rg BT 416.67 522.60 Td (purport ) Tj ET Q q 0 0 0 rg BT 448.76 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.18 522.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 498.48 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 513.34 522.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.87 522.60 Td (value ) 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 67.50 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 84.57 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 98.88 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 117.06 510.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 148.57 510.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 165.64 510.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 204.64 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.39 510.60 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.57 510.60 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 266.43 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.17 510.60 Td (Selected ) Tj ET Q q 0 0 0 rg BT 321.95 510.60 Td (Abbr) Tj ET Q q 0 0 0 rg BT 341.58 510.60 Td (eviation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.80 510.60 Td (s ) Tj ET Q q 0 0 0 rg BT 381.43 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 396.84 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.80 510.60 Td (definition ) Tj ET Q q 0 0 0 rg BT 455.42 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.50 510.60 Td (PV) Tj ET Q q 0 0 0 rg BT 483.80 510.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 500.60 510.60 Td (V) Tj ET Q q 0 0 0 rg BT 506.72 510.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 531.55 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 549.74 510.60 Td (see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 123.35 498.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 137.55 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.97 498.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 186.51 498.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 204.04 498.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 242.56 498.60 Td (es ) Tj ET Q q 0 0 0 rg BT 252.31 498.60 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.19 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.61 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 311.81 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.45 498.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 379.64 498.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 418.27 498.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 463.57 498.60 Td (for ) Tj ET Q q 0 0 0 rg BT 476.65 498.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 518.06 498.60 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (about ) Tj ET Q q 0 0 0 rg BT 92.22 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.93 486.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 161.64 486.60 Td (Measure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.42 462.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 115.55 462.60 Td (non-producing ) Tj ET Q q 0 0 0 rg BT 176.79 462.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 211.92 462.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 251.49 462.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 276.06 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.20 462.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 321.33 462.60 Td (that ) Tj ET Q q 0 0 0 rg BT 338.69 462.60 Td (are ) Tj ET Q q 0 0 0 rg BT 353.26 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.40 462.60 Td (be ) Tj ET Q q 0 0 0 rg BT 375.20 462.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 416.98 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 438.79 462.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 483.91 462.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 509.05 462.60 Td (that ) Tj ET Q q 0 0 0 rg BT 526.41 462.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (require ) Tj ET Q q 0 0 0 rg BT 80.46 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.55 450.60 Td (response ) Tj ET Q q 0 0 0 rg BT 125.19 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.61 450.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 188.78 450.60 Td (modifications ) Tj ET Q q 0 0 0 rg BT 246.42 450.60 Td (before ) Tj ET Q q 0 0 0 rg BT 274.61 450.60 Td (they ) Tj ET Q q 0 0 0 rg BT 294.47 450.60 Td (can ) Tj ET Q q 0 0 0 rg BT 311.00 450.60 Td (be ) Tj ET Q q 0 0 0 rg BT 323.08 450.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 363.50 450.60 Td (as ) Tj ET Q q 0 0 0 rg BT 374.47 450.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 404.89 450.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 448.63 450.60 Td (producing.Since ) Tj ET Q q 0 0 0 rg BT 521.54 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 528.63 450.60 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.74 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.97 438.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 116.87 438.60 Td (are ) Tj ET Q q 0 0 0 rg BT 130.98 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.66 438.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 163.11 438.60 Td (with ) Tj ET Q q 0 0 0 rg BT 182.79 438.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 218.03 438.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 234.38 438.60 Td (zones, ) Tj ET Q q 0 0 0 rg BT 261.55 438.60 Td (these ) Tj ET Q q 0 0 0 rg BT 284.00 438.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 325.90 438.60 Td (may ) Tj ET Q q 0 0 0 rg BT 345.02 438.60 Td (have ) Tj ET Q q 0 0 0 rg BT 365.80 438.60 Td (both ) Tj ET Q q 0 0 0 rg BT 385.49 438.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 415.16 438.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 457.62 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 473.96 438.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 503.64 438.60 Td (non-producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.39 402.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 402.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 148.36 402.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.36 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.63 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.74 402.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 227.84 402.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 257.38 402.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 310.25 402.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 344.79 402.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 373.77 402.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.31 402.60 Td (30.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.81 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 452.59 402.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 494.65 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 504.75 402.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 70.26 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 81.03 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 96.79 390.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 137.54 390.60 Td (total ) Tj ET Q q 0 0 0 rg BT 157.75 390.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 187.95 390.60 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.64 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 232.51 390.60 Td (decline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.39 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.82 390.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.58 390.60 Td (15.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.08 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.52 390.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 334.73 390.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.60 390.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 415.12 390.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.12 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 437.55 390.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 463.31 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 477.41 390.60 Td (these ) Tj ET Q q 0 0 0 rg BT 500.39 390.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 538.08 390.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 85.11 378.60 Td (are ) Tj ET Q q 0 0 0 rg BT 100.72 378.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 142.45 378.60 Td (below) Tj ET Q q 0 0 0 rg BT 166.24 378.60 Td (.) Tj ET Q q 0 0 0 rg BT 173.18 378.60 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 237.13 378.60 Td (86% ) Tj ET Q q 0 0 0 rg BT 258.86 378.60 Td (\(26.0 ) Tj ET Q q 0 0 0 rg BT 283.09 378.60 Td (MMBOE\) ) Tj ET Q q 0 0 0 rg BT 327.60 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 339.33 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 356.06 378.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 387.23 378.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 441.73 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 455.69 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 491.85 378.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 517.45 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 528.63 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 545.36 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.25 377.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 82.16 366.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 131.14 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 139.77 366.60 Td (e ) Tj ET Q q 0 0 0 rg BT 148.00 366.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 188.99 366.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 226.66 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.67 366.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 256.56 365.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.81 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.60 366.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 296.26 366.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 327.82 366.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 382.70 366.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 419.25 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 430.82 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 444.04 366.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 470.60 366.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 489.39 366.60 Td (than ) Tj ET Q q 0 0 0 rg BT 510.40 366.60 Td (other ) Tj ET Q q 0 0 0 rg BT 534.73 366.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 103.80 354.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 139.76 354.60 Td (that ) Tj ET Q q 0 0 0 rg BT 157.96 354.60 Td (require ) Tj ET Q q 0 0 0 rg BT 189.48 354.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 222.13 354.60 Td (at ) Tj ET Q q 0 0 0 rg BT 232.55 354.60 Td (locations ) Tj ET Q q 0 0 0 rg BT 271.86 354.60 Td (of) Tj ET Q q 0 0 0 rg BT 280.01 354.60 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 313.21 354.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 348.08 354.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 397.11 354.60 Td (because ) Tj ET Q q 0 0 0 rg BT 431.96 354.60 Td (all ) Tj ET Q q 0 0 0 rg BT 445.16 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.69 354.60 Td (these ) Tj ET Q q 0 0 0 rg BT 480.44 354.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 511.42 354.60 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.61 342.60 Td (are ) Tj ET Q q 0 0 0 rg BT 99.17 342.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 142.61 342.60 Td (with ) Tj ET Q q 0 0 0 rg BT 162.74 342.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 193.97 342.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 231.29 342.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 275.30 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 285.43 342.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 310.00 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.79 342.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 368.56 342.60 Td (that ) Tj ET Q q 0 0 0 rg BT 385.91 342.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 433.25 342.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 472.81 342.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 517.94 342.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 554.17 342.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.81 330.60 Td (under ) Tj ET Q q 0 0 0 rg BT 86.33 330.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 119.73 330.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 167.31 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 168.67 330.60 Td (As ) Tj ET Q q 0 0 0 rg BT 181.54 330.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.62 330.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 249.45 330.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.45 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 273.70 330.60 Td (19.1 ) Tj ET Q q 0 0 0 rg BT 292.95 330.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 332.49 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 342.57 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 357.65 330.60 Td (total ) Tj ET Q q 0 0 0 rg BT 377.17 330.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 406.69 330.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 459.53 330.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.04 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 508.00 330.60 Td (not ) Tj ET Q q 0 0 0 rg BT 522.53 330.60 Td (scheduled ) 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 59.64 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 71.43 318.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 114.88 318.60 Td (within ) Tj ET Q q 0 0 0 rg BT 142.80 318.60 Td (five ) Tj ET Q q 0 0 0 rg BT 160.70 318.60 Td (years ) Tj ET Q q 0 0 0 rg BT 184.16 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.84 318.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 220.53 318.60 Td (booking, ) Tj ET Q q 0 0 0 rg BT 258.17 318.60 Td (all ) Tj ET Q q 0 0 0 rg BT 270.52 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.21 318.60 Td (which ) Tj ET Q q 0 0 0 rg BT 308.00 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 322.57 318.60 Td (part ) Tj ET Q q 0 0 0 rg BT 340.47 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 351.16 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 365.05 317.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.30 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.66 318.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 393.02 318.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 429.53 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.72 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 440.35 318.60 Td (e ) Tj ET Q q 0 0 0 rg BT 447.15 318.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 478.38 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 501.28 318.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 536.40 318.60 Td (satisfy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.43 306.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 108.80 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.29 306.60 Td (be ) Tj ET Q q 0 0 0 rg BT 131.44 306.60 Td (included ) Tj ET Q q 0 0 0 rg BT 168.58 306.60 Td (as ) Tj ET Q q 0 0 0 rg BT 179.62 306.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 210.10 306.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 245.57 306.60 Td (because ) Tj ET Q q 0 0 0 rg BT 279.92 306.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 294.29 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 308.67 306.60 Td (have ) Tj ET Q q 0 0 0 rg BT 330.25 306.60 Td (established ) Tj ET Q q 0 0 0 rg BT 377.40 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 394.54 306.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 431.69 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 442.18 306.60 Td (follow ) Tj ET Q q 0 0 0 rg BT 470.99 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.92 306.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 530.85 306.60 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (development ) Tj ET Q q 0 0 0 rg BT 103.98 294.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 124.03 294.60 Td (for ) Tj ET Q q 0 0 0 rg BT 138.52 294.60 Td (each ) Tj ET Q q 0 0 0 rg BT 159.67 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 170.83 294.60 Td (these ) Tj ET Q q 0 0 0 rg BT 194.21 294.60 Td (projects; ) Tj ET Q q 0 0 0 rg BT 231.48 294.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 245.97 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 260.46 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 282.17 294.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 327.21 294.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 362.83 294.60 Td (development ) Tj ET Q q 0 0 0 rg BT 417.31 294.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 456.24 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.85 294.60 Td (each ) Tj ET Q q 0 0 0 rg BT 488.00 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.16 294.60 Td (these ) Tj ET Q q 0 0 0 rg BT 522.54 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 536.43 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.68 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 542.51 294.60 Td (EOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 83.66 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 100.59 282.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 114.75 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 128.91 282.60 Td (have ) Tj ET Q q 0 0 0 rg BT 150.29 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 157.23 282.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 196.94 282.60 Td (record ) Tj ET Q q 0 0 0 rg BT 224.98 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 235.81 282.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 283.30 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.02 282.60 Td (development ) Tj ET Q q 0 0 0 rg BT 352.17 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.00 282.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 412.14 282.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 454.07 282.60 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 258.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.66 258.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.66 258.60 Td (, ) Tj ET Q q 0 0 0 rg BT 125.98 258.60 Td (we ) Tj ET Q q 0 0 0 rg BT 141.47 258.60 Td (spent ) Tj ET Q q 0 0 0 rg BT 166.40 258.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 227.98 258.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 246.81 258.60 Td (million ) Tj ET Q q 0 0 0 rg BT 279.53 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.13 258.60 Td (convert ) Tj ET Q q 0 0 0 rg BT 324.94 258.60 Td (19.2 ) Tj ET Q q 0 0 0 rg BT 346.26 258.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 387.87 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 400.03 258.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 431.62 258.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 486.54 258.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 523.13 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 534.73 258.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 92.45 246.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 129.56 246.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 168.63 246.60 Td (related ) Tj ET Q q 0 0 0 rg BT 197.68 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.32 246.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 248.61 246.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 279.33 246.60 Td (development ) Tj ET Q q 0 0 0 rg BT 332.84 246.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 370.79 246.60 Td (at ) Tj ET Q q 0 0 0 rg BT 379.86 246.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 416.72 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 433.01 246.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 451.53 246.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 477.26 246.60 Td (fields. ) Tj ET Q q 0 0 0 rg BT 503.83 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 505.69 246.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 530.31 246.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.05 234.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 88.59 234.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 141.45 234.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 175.98 234.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.86 234.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.86 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 225.63 234.60 Td (included ) Tj ET Q q 0 0 0 rg BT 261.83 234.60 Td (adding ) Tj ET Q q 0 0 0 rg BT 290.82 234.60 Td (an ) Tj ET Q q 0 0 0 rg BT 302.03 234.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 343.79 234.60 Td (2.4 ) Tj ET Q q 0 0 0 rg BT 358.06 234.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 397.61 234.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 436.59 234.60 Td (related ) Tj ET Q q 0 0 0 rg BT 465.56 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.11 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 490.21 234.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 520.85 234.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (at ) Tj ET Q q 0 0 0 rg BT 59.71 222.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 97.71 222.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 121.26 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.70 222.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 188.90 222.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 233.55 222.60 Td (at ) Tj ET Q q 0 0 0 rg BT 243.77 222.60 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 270.64 222.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 296.85 222.60 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 337.06 222.60 Td (\(CCA\); ) Tj ET Q q 0 0 0 rg BT 378.94 222.60 Td (improved ) Tj ET Q q 0 0 0 rg BT 420.26 222.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 458.23 222.60 Td (additions ) Tj ET Q q 0 0 0 rg BT 497.89 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 509.22 222.60 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 524.72 222.60 Td (MMBOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (related ) Tj ET Q q 0 0 0 rg BT 80.15 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.38 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 108.16 210.60 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 164.37 210.60 Td (working ) Tj ET Q q 0 0 0 rg BT 201.15 210.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.04 210.60 Td (at ) Tj ET Q q 0 0 0 rg BT 244.45 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 253.09 210.60 Td (est ) Tj ET Q q 0 0 0 rg BT 267.14 210.60 Td (Y) Tj ET Q q 0 0 0 rg BT 273.36 210.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 299.03 210.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 326.35 210.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 352.86 210.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 390.74 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.97 210.60 Td (March ) Tj ET Q q 0 0 0 rg BT 431.52 210.60 Td (2017; ) Tj ET Q q 0 0 0 rg BT 457.75 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.64 210.60 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 526.29 210.60 Td (other ) Tj ET Q q 0 0 0 rg BT 550.29 210.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (additions ) Tj ET Q q 0 0 0 rg BT 89.15 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 100.46 198.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 131.21 198.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 185.29 198.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 217.14 198.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 256.23 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.55 198.60 Td (0.5 ) Tj ET Q q 0 0 0 rg BT 283.03 198.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 326.30 198.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 366.49 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.69 198.60 Td (result ) Tj ET Q q 0 0 0 rg BT 406.89 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 418.21 198.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 453.95 198.60 Td (that ) Tj ET Q q 0 0 0 rg BT 471.93 198.60 Td (were ) Tj ET Q q 0 0 0 rg BT 494.34 198.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 542.30 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 198.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.87 186.60 Td (based ) Tj ET Q q 0 0 0 rg BT 116.14 186.60 Td (on ) Tj ET Q q 0 0 0 rg BT 128.64 186.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 151.14 186.60 Td (average ) Tj ET Q q 0 0 0 rg BT 184.72 186.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 197.78 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 214.72 186.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 244.98 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 260.81 186.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 287.19 186.60 Td (used ) Tj ET Q q 0 0 0 rg BT 308.02 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.30 186.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 362.46 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 378.29 186.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 408.56 186.60 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 162.60 Td (During ) Tj ET Q q 0 0 0 rg BT 97.93 162.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 122.54 162.60 Td (we ) Tj ET Q q 0 0 0 rg BT 136.30 162.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 173.95 162.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 186.61 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.15 162.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.02 162.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 248.45 162.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 279.42 162.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 318.74 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 332.50 162.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 354.61 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 364.49 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 162.60 Td (United ) Tj ET Q q 0 0 0 rg BT 408.13 162.60 Td (States ) Tj ET Q q 0 0 0 rg BT 434.12 162.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 452.82 162.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 464.92 162.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 514.32 162.60 Td (Agency ) Tj ET Q q 0 0 0 rg BT 547.52 162.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 150.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 124.48 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.20 150.60 Td (same ) Tj ET Q q 0 0 0 rg BT 162.24 150.60 Td (as ) Tj ET Q q 0 0 0 rg BT 173.07 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.79 150.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 219.16 150.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 258.87 150.60 Td (included ) Tj ET Q q 0 0 0 rg BT 295.80 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.08 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 321.91 150.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 346.08 150.60 Td (10-K ) Tj ET Q q 0 0 0 rg BT 369.13 150.60 Td (for ) Tj ET Q q 0 0 0 rg BT 383.29 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.01 150.60 Td (year ) Tj ET Q q 0 0 0 rg BT 417.72 150.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 444.09 150.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 502.68 150.60 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 87.00 126.60 Td (Contr) Tj ET Q q 0 0 0 rg BT 112.37 126.60 Td (ols ) Tj ET Q q 0 0 0 rg BT 126.54 126.60 Td (Over) Tj ET Q q 0 0 0 rg BT 148.02 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.52 126.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 186.88 126.60 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 101.82 102.60 Td (information ) Tj ET Q q 0 0 0 rg BT 151.14 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.03 102.60 Td (this ) Tj ET Q q 0 0 0 rg BT 177.58 102.60 Td (report ) Tj ET Q q 0 0 0 rg BT 203.57 102.60 Td (is ) Tj ET Q q 0 0 0 rg BT 212.35 102.60 Td (based ) Tj ET Q q 0 0 0 rg BT 237.23 102.60 Td (on ) Tj ET Q q 0 0 0 rg BT 249.34 102.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 288.66 102.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 325.74 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 337.85 102.60 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 366.35 102.60 Td (an ) Tj ET Q q 0 0 0 rg BT 377.90 102.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 428.88 102.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 471.53 102.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 520.84 102.60 Td (consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 70.49 90.60 Td (located ) Tj ET Q q 0 0 0 rg BT 103.14 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 114.70 90.60 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 146.25 90.60 Td (T) Tj ET Q q 0 0 0 rg BT 151.66 90.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 175.71 90.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 212.82 90.60 Td (data ) Tj ET Q q 0 0 0 rg BT 233.25 90.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 272.57 90.60 Td (by ) Tj ET Q q 0 0 0 rg BT 286.35 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.46 90.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 337.78 90.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 377.10 90.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 428.08 90.60 Td (team ) Tj ET Q q 0 0 0 rg BT 451.29 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.50 90.60 Td (is ) Tj ET Q q 0 0 0 rg BT 479.95 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.95 90.60 Td (responsibility ) 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 (management. ) Tj ET Q q 0 0 0 rg BT 105.85 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.42 78.60 Td (W) Tj ET Q q 0 0 0 rg BT 117.05 78.60 Td (e ) Tj ET Q q 0 0 0 rg BT 124.26 78.60 Td (rely ) Tj ET Q q 0 0 0 rg BT 142.57 78.60 Td (on ) Tj ET Q q 0 0 0 rg BT 155.33 78.60 Td (D&M) Tj ET Q q 0 0 0 rg BT 182.00 78.60 Td (s ) Tj ET Q q 0 0 0 rg BT 188.66 78.60 Td (expertise ) Tj ET Q q 0 0 0 rg BT 227.51 78.60 Td (toensure ) Tj ET Q q 0 0 0 rg BT 266.65 78.60 Td (that ) Tj ET Q q 0 0 0 rg BT 284.41 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 300.51 78.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 332.14 78.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 372.11 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 387.08 78.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 424.82 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 435.36 78.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 484.22 78.60 Td (with ) Tj ET Q q 0 0 0 rg BT 504.76 78.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 525.86 78.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 548.06 78.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.22 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.95 66.60 Td (that ) Tj ET Q q 0 0 0 rg BT 127.23 66.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 174.05 66.60 Td (geologic, ) Tj ET Q q 0 0 0 rg BT 212.27 66.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 254.10 66.60 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 305.09 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.82 66.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 363.76 66.60 Td (principles ) Tj ET Q q 0 0 0 rg BT 404.48 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.21 66.60 Td (techniques ) Tj ET Q q 0 0 0 rg BT 464.26 66.60 Td (are ) Tj ET Q q 0 0 0 rg BT 477.75 66.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 508.48 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 517.54 66.60 Td (accordance ) 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 49.50 726.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.03 726.60 Td (practices ) Tj ET Q q 0 0 0 rg BT 106.31 726.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.26 726.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 190.88 726.60 Td (by ) Tj ET Q q 0 0 0 rg BT 202.63 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.59 726.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 258.89 726.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 293.42 726.60 Td (as ) Tj ET Q q 0 0 0 rg BT 303.50 726.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 343.56 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.09 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.06 726.60 Td (publication ) Tj ET Q q 0 0 0 rg BT 413.80 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.88 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.85 726.60 Td (Society ) Tj ET Q q 0 0 0 rg BT 469.59 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.67 726.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 522.53 726.60 Td (Engineers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 82.06 714.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 128.50 714.60 Td (Pertaining ) Tj ET Q q 0 0 0 rg BT 172.17 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.51 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.29 714.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 243.19 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.62 714.60 Td (Auditing ) Tj ET Q q 0 0 0 rg BT 297.74 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.64 714.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 323.98 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.99 714.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 359.10 714.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 397.77 714.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 448.09 714.60 Td (\(Revision ) Tj ET Q q 0 0 0 rg BT 489.55 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 500.44 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.34 714.60 Td (February ) Tj ET Q q 0 0 0 rg BT 550.00 714.60 Td (19, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (2007\). ) Tj ET Q q 0 0 0 rg BT 84.93 702.60 Td (The ) Tj ET Q q 0 0 0 rg BT 103.35 702.60 Td (person ) Tj ET Q q 0 0 0 rg BT 132.88 702.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 181.30 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 195.83 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.92 702.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 259.32 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.52 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.61 702.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 317.35 702.60 Td (report ) Tj ET Q q 0 0 0 rg BT 344.10 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 353.64 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 360.95 702.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 389.72 702.60 Td (V) Tj ET Q q 0 0 0 rg BT 396.34 702.60 Td (ice ) Tj ET Q q 0 0 0 rg BT 410.87 702.60 Td (President ) Tj ET Q q 0 0 0 rg BT 450.96 702.60 Td (at ) Tj ET Q q 0 0 0 rg BT 461.04 702.60 Td (D&M; ) Tj ET Q q 0 0 0 rg BT 490.58 702.60 Td (he ) Tj ET Q q 0 0 0 rg BT 502.89 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 512.43 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 519.74 702.60 Td (Registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Professional ) Tj ET Q q 0 0 0 rg BT 100.85 690.60 Td (Engineer ) Tj ET Q q 0 0 0 rg BT 138.85 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.54 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.66 690.60 Td (State ) Tj ET Q q 0 0 0 rg BT 184.57 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.67 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 200.08 690.60 Td (exas. ) Tj ET Q q 0 0 0 rg BT 222.26 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.17 690.60 Td (He ) Tj ET Q q 0 0 0 rg BT 237.74 690.60 Td (received ) Tj ET Q q 0 0 0 rg BT 273.51 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.85 690.60 Td (Master ) Tj ET Q q 0 0 0 rg BT 309.53 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.77 690.60 Td (Science ) Tj ET Q q 0 0 0 rg BT 352.77 690.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 381.33 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.02 690.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 434.03 690.60 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 484.81 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 506.16 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 520.28 690.60 Td (University ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.95 678.60 Td (T) Tj ET Q q 0 0 0 rg BT 65.36 678.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 85.41 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.48 678.60 Td (1984, ) Tj ET Q q 0 0 0 rg BT 120.26 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.99 678.60 Td (he ) Tj ET Q q 0 0 0 rg BT 148.71 678.60 Td (has ) Tj ET Q q 0 0 0 rg BT 164.33 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.39 678.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 202.77 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.39 678.60 Td (33 ) Tj ET Q q 0 0 0 rg BT 225.67 678.60 Td (years ) Tj ET Q q 0 0 0 rg BT 249.06 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 259.67 678.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 305.26 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 315.32 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.16 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 344.89 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 360.50 678.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 398.32 678.60 Td (studies ) Tj ET Q q 0 0 0 rg BT 428.39 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.11 678.60 Td (evaluations.Our ) Tj ET Q q 0 0 0 rg BT 515.99 678.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 544.22 678.60 Td (V) Tj ET Q q 0 0 0 rg BT 550.84 678.60 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (President ) Tj ET Q q 0 0 0 rg BT 88.58 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 95.45 666.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 132.87 666.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 188.61 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.78 666.60 Td (T) Tj ET Q q 0 0 0 rg BT 210.19 666.60 Td (echnology ) Tj ET Q q 0 0 0 rg BT 253.71 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 262.25 666.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 301.32 666.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 348.74 666.60 Td (foroverseeing ) Tj ET Q q 0 0 0 rg BT 408.08 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.16 666.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 472.90 666.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 515.30 666.60 Td (engineering ) 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 69.49 654.60 Td (during ) Tj ET Q q 0 0 0 rg BT 98.37 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.35 654.60 Td (process. ) Tj ET Q q 0 0 0 rg BT 151.11 654.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 169.43 654.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 198.11 654.60 Td (V) Tj ET Q q 0 0 0 rg BT 204.73 654.60 Td (ice ) Tj ET Q q 0 0 0 rg BT 219.16 654.60 Td (President ) Tj ET Q q 0 0 0 rg BT 259.15 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 266.92 654.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 305.25 654.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 361.89 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 378.90 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 384.31 654.60 Td (echnology ) Tj ET Q q 0 0 0 rg BT 428.73 654.60 Td (has ) Tj ET Q q 0 0 0 rg BT 444.83 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 452.04 654.60 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 490.91 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 502.01 654.60 Td (Science ) Tj ET Q q 0 0 0 rg BT 535.87 654.60 Td (degree ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.83 642.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 103.48 642.60 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 154.90 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 176.89 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.66 642.60 Td (Colorado ) Tj ET Q q 0 0 0 rg BT 231.43 642.60 Td (School ) Tj ET Q q 0 0 0 rg BT 261.76 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 272.64 642.60 Td (Mines ) Tj ET Q q 0 0 0 rg BT 300.19 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.18 642.60 Td (over ) Tj ET Q q 0 0 0 rg BT 337.49 642.60 Td (33 ) Tj ET Q q 0 0 0 rg BT 350.04 642.60 Td (years ) Tj ET Q q 0 0 0 rg BT 373.69 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.57 642.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 419.90 642.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 465.75 642.60 Td (working ) Tj ET Q q 0 0 0 rg BT 501.63 642.60 Td (with ) Tj ET Q q 0 0 0 rg BT 521.96 642.60 Td (petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 99.11 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 115.95 630.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 147.22 630.60 Td (estimates.D&M ) Tj ET Q q 0 0 0 rg BT 218.23 630.60 Td (relies ) Tj ET Q q 0 0 0 rg BT 242.29 630.60 Td (on ) Tj ET Q q 0 0 0 rg BT 254.69 630.60 Td (various ) Tj ET Q q 0 0 0 rg BT 286.53 630.60 Td (data ) Tj ET Q q 0 0 0 rg BT 305.59 630.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 343.54 630.60 Td (by ) Tj ET Q q 0 0 0 rg BT 355.95 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 371.68 630.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 404.63 630.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 442.57 630.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 492.17 630.60 Td (team ) Tj ET Q q 0 0 0 rg BT 514.01 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.19 630.60 Td (preparing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (its ) Tj ET Q q 0 0 0 rg BT 61.96 618.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 93.83 618.60 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 136.55 618.60 Td (including ) Tj ET Q q 0 0 0 rg BT 177.33 618.60 Td (such ) Tj ET Q q 0 0 0 rg BT 198.67 618.60 Td (items ) Tj ET Q q 0 0 0 rg BT 223.34 618.60 Td (as ) Tj ET Q q 0 0 0 rg BT 234.68 618.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 248.25 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.69 618.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 296.46 618.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 312.80 618.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 342.19 618.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 386.85 618.60 Td (interests, ) Tj ET Q q 0 0 0 rg BT 425.69 618.60 Td (production ) Tj ET Q q 0 0 0 rg BT 472.02 618.60 Td (information, ) 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 49.50 606.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 73.56 606.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 106.78 606.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.99 606.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 187.64 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.64 606.60 Td (other ) Tj ET Q q 0 0 0 rg BT 225.75 606.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 263.39 606.60 Td (data. ) Tj ET Q q 0 0 0 rg BT 284.11 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 285.67 606.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 302.78 606.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 334.88 606.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 371.98 606.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 420.74 606.60 Td (team ) Tj ET Q q 0 0 0 rg BT 441.74 606.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 474.97 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 484.86 606.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 521.96 606.60 Td (petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 90.62 594.60 Td (who ) Tj ET Q q 0 0 0 rg BT 110.64 594.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 148.43 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.45 594.60 Td (Company) Tj ET Q q 0 0 0 rg BT 205.12 594.60 Td (s ) Tj ET Q q 0 0 0 rg BT 211.81 594.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 245.15 594.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 289.61 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.74 594.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 336.30 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.54 594.60 Td (compare ) Tj ET Q q 0 0 0 rg BT 390.76 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.78 594.60 Td (Company) Tj ET Q q 0 0 0 rg BT 447.45 594.60 Td (s ) Tj ET Q q 0 0 0 rg BT 454.14 594.60 Td (information ) Tj ET Q q 0 0 0 rg BT 504.15 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 514.73 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.75 594.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 87.40 582.60 Td (by ) Tj ET Q q 0 0 0 rg BT 100.33 582.60 Td (D&M. ) Tj ET Q q 0 0 0 rg BT 129.65 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 132.58 582.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 187.71 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 197.31 582.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 245.79 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 260.38 582.60 Td (designing ) Tj ET Q q 0 0 0 rg BT 302.19 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.34 582.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 350.81 582.60 Td (control ) Tj ET Q q 0 0 0 rg BT 382.06 582.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 428.86 582.60 Td (used ) Tj ET Q q 0 0 0 rg BT 450.12 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 460.82 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.97 582.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 524.43 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 535.69 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 551.95 582.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.49 570.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 82.38 570.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 120.19 570.60 Td (which ) Tj ET Q q 0 0 0 rg BT 147.18 570.60 Td (include ) Tj ET Q q 0 0 0 rg BT 179.17 570.60 Td (verification ) Tj ET Q q 0 0 0 rg BT 227.81 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.69 570.60 Td (data ) Tj ET Q q 0 0 0 rg BT 257.90 570.60 Td (input ) Tj ET Q q 0 0 0 rg BT 281.01 570.60 Td (into ) Tj ET Q q 0 0 0 rg BT 299.12 570.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 330.54 570.60 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 377.52 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 394.51 570.60 Td (economics ) Tj ET Q q 0 0 0 rg BT 439.83 570.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 484.04 570.60 Td (software, ) Tj ET Q q 0 0 0 rg BT 523.52 570.60 Td (as ) Tj ET Q q 0 0 0 rg BT 534.40 570.60 Td (well ) Tj ET Q q 0 0 0 rg BT 554.17 570.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (multi-discipline ) Tj ET Q q 0 0 0 rg BT 116.07 558.60 Td (management ) Tj ET Q q 0 0 0 rg BT 170.41 558.60 Td (reviews. ) Tj ET Q q 0 0 0 rg BT 209.52 558.60 Td (The ) Tj ET Q q 0 0 0 rg BT 228.31 558.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 262.10 558.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 300.88 558.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 351.33 558.60 Td (team ) Tj ET Q q 0 0 0 rg BT 374.01 558.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 405.02 558.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 438.81 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.84 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 466.41 558.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 495.53 558.60 Td (V) Tj ET Q q 0 0 0 rg BT 502.15 558.60 Td (ice ) Tj ET Q q 0 0 0 rg BT 517.05 558.60 Td (President ) Tj ET Q q 0 0 0 rg BT 557.52 558.60 Td ( ) 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 88.35 546.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 145.51 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.00 546.60 Td (T) Tj ET Q q 0 0 0 rg BT 168.41 546.60 Td (echnology) Tj ET Q q 0 0 0 rg BT 209.42 546.60 Td (. ) Tj ET Q q 0 0 0 rg BT 217.71 546.60 Td (In ) Tj ET Q q 0 0 0 rg BT 229.33 546.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 267.89 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 284.51 546.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 312.24 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 323.86 546.60 Td (Directors) Tj ET Q q 0 0 0 rg BT 363.66 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.95 546.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 406.34 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.06 546.60 Td (Health, ) Tj ET Q q 0 0 0 rg BT 456.51 546.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 485.35 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 503.08 546.60 Td (Environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (\(HSE\) ) Tj ET Q q 0 0 0 rg BT 86.77 534.60 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 136.54 534.60 Td (on ) Tj ET Q q 0 0 0 rg BT 149.38 534.60 Td (behalf ) Tj ET Q q 0 0 0 rg BT 177.21 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.37 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.43 534.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 230.71 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.88 534.60 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 284.42 534.60 Td (oversees ) Tj ET Q q 0 0 0 rg BT 321.69 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.74 534.60 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 396.51 534.60 Td (independence, ) Tj ET Q q 0 0 0 rg BT 456.82 534.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 510.18 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 527.46 534.60 Td (hiring ) 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 (our ) Tj ET Q q 0 0 0 rg BT 64.47 522.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 114.98 522.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 157.16 522.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 206.00 522.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 224.86 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.94 522.60 Td (reviews ) Tj ET Q q 0 0 0 rg BT 273.68 522.60 Td (thefinal ) Tj ET Q q 0 0 0 rg BT 308.36 522.60 Td (report ) Tj ET Q q 0 0 0 rg BT 333.88 522.60 Td (andsubsequentreporting ) Tj ET Q q 0 0 0 rg BT 436.05 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 446.02 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 460.99 522.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 473.18 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 489.26 522.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 518.67 522.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 533.63 522.60 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 94.35 510.60 Td (The ) Tj ET Q q 0 0 0 rg BT 112.74 510.60 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 155.01 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.18 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.24 510.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 220.18 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.46 510.60 Td (HSE ) Tj ET Q q 0 0 0 rg BT 259.20 510.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 306.48 510.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 330.99 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 338.27 510.60 Td (Ph.D. ) Tj ET Q q 0 0 0 rg BT 363.89 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 374.51 510.60 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 415.68 510.60 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 467.39 510.60 Td (from ) Tj ET Q q 0 0 0 rg BT 489.67 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.73 510.60 Td (Massachusetts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (Institute ) Tj ET Q q 0 0 0 rg BT 84.35 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.61 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 100.02 498.60 Td (echnology ) Tj ET Q q 0 0 0 rg BT 143.75 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.26 498.60 Td (bachelor) Tj ET Q q 0 0 0 rg BT 195.06 498.60 Td () Tj ET Q q 0 0 0 rg BT 197.84 498.60 Td (s ) Tj ET Q q 0 0 0 rg BT 203.81 498.60 Td (degrees ) Tj ET Q q 0 0 0 rg BT 236.42 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 246.27 498.60 Td (Chemistry ) Tj ET Q q 0 0 0 rg BT 290.02 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.53 498.60 Td (Mathematics ) Tj ET Q q 0 0 0 rg BT 360.26 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 381.77 498.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 412.73 498.60 Td (University ) Tj ET Q q 0 0 0 rg BT 457.02 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.88 498.60 Td (Ohio. ) Tj ET Q q 0 0 0 rg BT 491.46 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 493.53 498.60 Td (He ) Tj ET Q q 0 0 0 rg BT 507.27 498.60 Td (has ) Tj ET Q q 0 0 0 rg BT 522.68 498.60 Td (more ) Tj ET Q q 0 0 0 rg BT 545.30 498.60 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (35 ) Tj ET Q q 0 0 0 rg BT 62.00 486.60 Td (years ) Tj ET Q q 0 0 0 rg BT 85.60 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.43 486.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 131.71 486.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 180.01 486.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.29 486.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 263.34 486.60 Td (including ) Tj ET Q q 0 0 0 rg BT 303.61 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 338.87 486.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 386.90 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.84 486.60 Td (approval.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (OIL) Tj ET Q q 0 0 0 rg BT 67.29 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.24 462.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 93.40 462.60 Td (NA) Tj ET Q q 0 0 0 rg BT 107.10 462.60 Td (TURAL) Tj ET Q q 0 0 0 rg BT 141.56 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 144.06 462.60 Td (GAS ) Tj ET Q q 0 0 0 rg BT 167.12 462.60 Td (OPERA) Tj ET Q q 0 0 0 rg BT 201.38 462.60 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (Summary) Tj ET Q q 0 0 0 rg BT 109.17 438.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.67 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.08 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.49 438.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 134.45 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.42 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.27 438.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 194.44 438.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 210.18 438.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 252.57 438.60 Td (are ) Tj ET Q q 0 0 0 rg BT 267.19 438.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 320.68 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.87 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.49 438.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 366.23 438.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 391.42 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.27 438.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 436.79 438.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 478.08 438.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 509.93 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.67 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 535.30 438.60 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (States.Currently ) Tj ET Q q 0 0 0 rg BT 121.88 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.88 426.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 180.54 426.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.99 426.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 231.42 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.53 426.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 291.75 426.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 327.18 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.63 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.51 426.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 373.51 426.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 398.96 426.60 Td (region ) Tj ET Q q 0 0 0 rg BT 427.18 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 442.05 426.60 Td (situated ) Tj ET Q q 0 0 0 rg BT 475.83 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 486.28 426.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 536.82 426.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 426.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 91.64 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.19 414.60 Td (Alabama, ) Tj ET Q q 0 0 0 rg BT 149.49 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 166.64 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 177.13 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.06 414.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 220.87 414.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 262.47 414.60 Td (region ) Tj ET Q q 0 0 0 rg BT 290.72 414.60 Td (are ) Tj ET Q q 0 0 0 rg BT 305.64 414.60 Td (situated ) Tj ET Q q 0 0 0 rg BT 339.45 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 349.94 414.60 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 390.70 414.60 Td (North ) Tj ET Q q 0 0 0 rg BT 416.73 414.60 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 448.32 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 465.27 414.60 Td (W) Tj ET Q q 0 0 0 rg BT 474.11 414.60 Td (yoming. ) Tj ET Q q 0 0 0 rg BT 509.88 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 512.58 414.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 530.85 414.60 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 73.81 402.60 Td (is ) Tj ET Q q 0 0 0 rg BT 83.14 402.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 126.88 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.75 402.60 Td (value ) Tj ET Q q 0 0 0 rg BT 166.06 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.04 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 193.03 402.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 235.66 402.60 Td (through ) Tj ET Q q 0 0 0 rg BT 269.43 402.60 Td (a ) Tj ET Q q 0 0 0 rg BT 276.52 402.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 329.16 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.14 402.60 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 393.06 402.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 425.16 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.25 402.60 Td (proven ) Tj ET Q q 0 0 0 rg BT 472.67 402.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 522.53 402.60 Td (extraction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (practices, ) Tj ET Q q 0 0 0 rg BT 89.47 390.60 Td (with ) Tj ET Q q 0 0 0 rg BT 109.18 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.33 390.60 Td (most ) Tj ET Q q 0 0 0 rg BT 144.71 390.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 188.86 390.60 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 228.01 390.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 260.48 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.19 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 284.08 389.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.59 390.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 310.52 390.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 356.61 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 358.55 390.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 376.03 390.60 Td (current ) Tj ET Q q 0 0 0 rg BT 406.28 390.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 443.21 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.47 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 467.37 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.62 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.55 390.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 494.48 390.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 528.07 390.60 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (us ) Tj ET Q q 0 0 0 rg BT 61.42 378.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 106.67 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 120.26 378.60 Td (production ) Tj ET Q q 0 0 0 rg BT 166.61 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.08 378.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 215.98 378.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 247.35 378.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 285.37 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 296.18 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.43 378.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 340.84 378.60 Td (assuming ) Tj ET Q q 0 0 0 rg BT 381.65 378.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 406.89 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.48 378.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 447.39 378.60 Td (are ) Tj ET Q q 0 0 0 rg BT 462.63 378.60 Td (at ) Tj ET Q q 0 0 0 rg BT 472.87 378.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 499.23 378.60 Td (that ) Tj ET Q q 0 0 0 rg BT 517.26 378.60 Td (support ) Tj ET Q q 0 0 0 rg BT 550.29 378.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.48 366.60 Td (those ) Tj ET Q q 0 0 0 rg BT 138.09 366.60 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 342.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.13 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 104.57 342.60 Td (been ) Tj ET Q q 0 0 0 rg BT 126.00 342.60 Td (conducting ) Tj ET Q q 0 0 0 rg BT 172.99 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.99 342.60 Td (expanding ) Tj ET Q q 0 0 0 rg BT 234.20 342.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 256.76 342.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 300.97 342.60 Td (on ) Tj ET Q q 0 0 0 rg BT 313.53 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 329.42 342.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 355.31 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 365.64 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.42 342.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 401.30 342.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 426.64 342.60 Td (region ) Tj ET Q q 0 0 0 rg BT 454.75 342.60 Td (since ) Tj ET Q q 0 0 0 rg BT 477.85 342.60 Td (1999, ) Tj ET Q q 0 0 0 rg BT 502.91 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.90 342.60 Td (as ) Tj ET Q q 0 0 0 rg BT 530.79 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 342.60 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.81 330.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 102.56 330.60 Td (have ) Tj ET Q q 0 0 0 rg BT 124.09 330.60 Td (many ) Tj ET Q q 0 0 0 rg BT 148.96 330.60 Td (more ) Tj ET Q q 0 0 0 rg BT 172.16 330.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 186.06 329.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.30 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.96 330.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 214.61 330.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 248.92 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.35 330.60 Td (this ) Tj ET Q q 0 0 0 rg BT 276.46 330.60 Td (region ) Tj ET Q q 0 0 0 rg BT 304.66 330.60 Td (than ) Tj ET Q q 0 0 0 rg BT 324.53 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 334.96 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.83 330.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 378.59 330.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 420.13 330.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 450.83 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 453.29 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 461.93 330.60 Td (e ) Tj ET Q q 0 0 0 rg BT 469.02 330.60 Td (began ) Tj ET Q q 0 0 0 rg BT 495.56 330.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 539.86 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 330.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.81 318.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 118.90 318.60 Td (region ) Tj ET Q q 0 0 0 rg BT 146.65 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 156.63 318.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 178.83 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.81 318.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 234.88 318.60 Td (with, ) Tj ET Q q 0 0 0 rg BT 257.36 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.00 318.60 Td (following, ) Tj ET Q q 0 0 0 rg BT 317.59 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 333.12 318.60 Td (mer) Tj ET Q q 0 0 0 rg BT 348.48 318.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 363.45 318.60 Td (with ) Tj ET Q q 0 0 0 rg BT 383.43 318.60 Td (Encore ) Tj ET Q q 0 0 0 rg BT 413.46 318.60 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 462.33 318.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.42 318.60 Td (\(Encore\). ) Tj ET Q q 0 0 0 rg BT 551.97 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 318.60 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.71 306.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 86.03 306.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 111.80 306.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 142.84 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 157.50 306.60 Td (own ) Tj ET Q q 0 0 0 rg BT 177.71 306.60 Td (what ) Tj ET Q q 0 0 0 rg BT 200.14 306.60 Td (is, ) Tj ET Q q 0 0 0 rg BT 212.31 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 223.08 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 239.40 306.60 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 288.77 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.98 306.60 Td (region) Tj ET Q q 0 0 0 rg BT 332.31 306.60 Td (s ) Tj ET Q q 0 0 0 rg BT 339.19 306.60 Td (only ) Tj ET Q q 0 0 0 rg BT 359.96 306.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 405.17 306.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 443.70 306.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 485.01 306.60 Td (source ) Tj ET Q q 0 0 0 rg BT 514.10 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.43 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 539.32 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.57 306.60 Td (, ) Tj ET Q q 0 0 0 rg BT 548.06 306.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (these ) Tj ET Q q 0 0 0 rg BT 72.65 294.60 Td (lar) Tj ET Q q 0 0 0 rg BT 83.01 294.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 95.05 294.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 131.54 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.47 294.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 180.62 294.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 221.54 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.43 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.68 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.28 294.60 Td (give ) Tj ET Q q 0 0 0 rg BT 261.10 294.60 Td (us ) Tj ET Q q 0 0 0 rg BT 272.59 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.63 294.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.44 294.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 374.25 294.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 417.39 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 427.77 294.60 Td (this ) Tj ET Q q 0 0 0 rg BT 444.81 294.60 Td (area. ) Tj ET Q q 0 0 0 rg BT 466.56 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 469.16 294.60 Td (In ) Tj ET Q q 0 0 0 rg BT 480.10 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.91 294.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 523.62 294.60 Td (Mountain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 82.06 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 98.24 282.60 Td (own ) Tj ET Q q 0 0 0 rg BT 119.98 282.60 Td (an ) Tj ET Q q 0 0 0 rg BT 133.94 282.60 Td (overriding ) Tj ET Q q 0 0 0 rg BT 180.11 282.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 212.96 282.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 246.91 282.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 293.08 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 305.37 282.60 Td (an ) Tj ET Q q 0 0 0 rg BT 319.33 282.60 Td (approximate ) Tj ET Q q 0 0 0 rg BT 373.83 282.60 Td (one-third ) Tj ET Q q 0 0 0 rg BT 415.00 282.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 461.18 282.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 495.13 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 507.43 282.60 Td (Exxon ) Tj ET Q q 0 0 0 rg BT 538.05 282.60 Td (Mobil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (Corporation) Tj ET Q q 0 0 0 rg BT 100.60 270.60 Td (s ) Tj ET Q q 0 0 0 rg BT 106.84 270.60 Td (\(ExxonMobil) Tj ET Q q 0 0 0 rg BT 167.95 270.60 Td (s\) ) Tj ET Q q 0 0 0 rg BT 181.96 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.85 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.10 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 201.45 270.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 236.55 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 246.68 270.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 271.48 270.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 283.27 270.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 306.18 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 316.30 270.60 Td (southwestern ) Tj ET Q q 0 0 0 rg BT 371.25 270.60 Td (W) Tj ET Q q 0 0 0 rg BT 380.09 270.60 Td (yoming. ) Tj ET Q q 0 0 0 rg BT 415.49 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.84 270.60 Td (In ) Tj ET Q q 0 0 0 rg BT 428.52 270.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 463.64 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.77 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.34 270.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 520.68 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 531.35 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 545.25 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 550.84 270.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.97 258.60 Td (own, ) Tj ET Q q 0 0 0 rg BT 110.06 258.60 Td (we ) Tj ET Q q 0 0 0 rg BT 124.09 258.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 162.00 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.81 258.60 Td (use ) Tj ET Q q 0 0 0 rg BT 194.51 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 208.41 257.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.20 258.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 249.99 258.60 Td (from ) Tj ET Q q 0 0 0 rg BT 271.80 258.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 311.95 258.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 344.31 258.60 Td (which ) Tj ET Q q 0 0 0 rg BT 371.12 258.60 Td (could ) Tj ET Q q 0 0 0 rg BT 395.71 258.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 436.96 258.60 Td (be ) Tj ET Q q 0 0 0 rg BT 448.77 258.60 Td (released ) Tj ET Q q 0 0 0 rg BT 483.90 258.60 Td (into ) Tj ET Q q 0 0 0 rg BT 501.82 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.41 258.60 Td (atmosphere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (\(sometimes ) Tj ET Q q 0 0 0 rg BT 97.83 246.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 131.69 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.70 246.60 Td (as ) Tj ET Q q 0 0 0 rg BT 152.25 246.60 Td (anthropogenic, ) Tj ET Q q 0 0 0 rg BT 214.18 246.60 Td (man-made ) Tj ET Q q 0 0 0 rg BT 258.61 246.60 Td (or ) Tj ET Q q 0 0 0 rg BT 269.17 246.60 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 338.60 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 352.49 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.74 246.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 361.29 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.30 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 386.86 246.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 417.95 246.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 464.34 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.40 246.60 Td (These ) Tj ET Q q 0 0 0 rg BT 492.51 246.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 532.51 246.60 Td (sources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.71 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 73.60 233.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.07 234.60 Td (help ) Tj ET Q q 0 0 0 rg BT 97.17 234.60 Td (us ) Tj ET Q q 0 0 0 rg BT 107.94 234.60 Td (recover ) Tj ET Q q 0 0 0 rg BT 139.80 234.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 181.67 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 194.10 234.60 Td (from ) Tj ET Q q 0 0 0 rg BT 215.42 234.60 Td (mature ) Tj ET Q q 0 0 0 rg BT 245.07 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 257.50 234.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 281.60 234.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 300.42 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 313.96 234.60 Td (believe, ) Tj ET Q q 0 0 0 rg BT 347.21 234.60 Td (also ) Tj ET Q q 0 0 0 rg BT 365.20 234.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 397.62 234.60 Td (an ) Tj ET Q q 0 0 0 rg BT 408.94 234.60 Td (economical ) Tj ET Q q 0 0 0 rg BT 456.91 234.60 Td (way ) Tj ET Q q 0 0 0 rg BT 475.45 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 485.11 234.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 513.63 234.60 Td (atmospheric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 221.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.27 222.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 110.21 222.60 Td (through ) Tj ET Q q 0 0 0 rg BT 143.82 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.54 222.60 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 203.79 222.60 Td (under) Tj ET Q q 0 0 0 rg BT 226.38 222.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 257.21 222.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 288.59 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.42 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 313.31 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.56 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 319.06 222.60 Td (which ) Tj ET Q q 0 0 0 rg BT 346.00 222.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 374.60 222.60 Td (as ) Tj ET Q q 0 0 0 rg BT 385.43 222.60 Td (part ) Tj ET Q q 0 0 0 rg BT 403.47 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 414.30 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 430.13 222.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 487.07 222.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 509.57 222.60 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 81.19 714.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 133.72 714.75 Td (including ) Tj ET Q q 0 0 0 rg BT 174.31 714.75 Td (total ) Tj ET Q q 0 0 0 rg BT 194.91 714.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 225.49 714.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 257.18 714.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 298.88 714.75 Td (as ) Tj ET Q q 0 0 0 rg BT 310.03 714.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.18 714.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 380.09 714.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.09 714.75 Td (, ) Tj ET Q q 0 0 0 rg BT 405.41 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 422.66 714.75 Td (average ) Tj ET Q q 0 0 0 rg BT 456.57 714.75 Td (daily ) Tj ET Q q 0 0 0 rg BT 479.38 714.75 Td (production ) Tj ET Q q 0 0 0 rg BT 525.53 714.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 714.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 714.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (all ) Tj ET Q q 0 0 0 rg BT 63.20 702.75 Td (based ) Tj ET Q q 0 0 0 rg BT 89.68 702.75 Td (on ) Tj ET Q q 0 0 0 rg BT 103.38 702.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 141.15 702.75 Td (s ) Tj ET Q q 0 0 0 rg BT 148.75 702.75 Td (net ) Tj ET Q q 0 0 0 rg BT 164.67 702.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 200.02 702.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 233.16 702.75 Td (\(NRI\).) Tj ET Q q 0 0 0 rg BT 273.24 702.75 Td (The ) Tj ET Q q 0 0 0 rg BT 292.49 702.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 325.07 702.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 365.98 702.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 408.01 702.75 Td (were ) Tj ET Q q 0 0 0 rg BT 431.14 702.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 469.82 702.75 Td (by ) Tj ET Q q 0 0 0 rg BT 483.53 702.75 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 513.63 702.75 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 92.87 690.75 Td (engineers ) Tj ET Q q 0 0 0 rg BT 134.01 690.75 Td (located ) Tj ET Q q 0 0 0 rg BT 165.71 690.75 Td (in ) Tj ET Q q 0 0 0 rg BT 176.31 690.75 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 206.98 690.75 Td (T) Tj ET Q q 0 0 0 rg BT 212.39 690.75 Td (exas.) Tj ET Q q 0 0 0 rg BT 237.48 690.75 Td (W) Tj ET Q q 0 0 0 rg BT 246.12 690.75 Td (e ) Tj ET Q q 0 0 0 rg BT 253.38 690.75 Td (serve ) Tj ET Q q 0 0 0 rg BT 277.31 690.75 Td (as ) Tj ET Q q 0 0 0 rg BT 288.46 690.75 Td (operator ) Tj ET Q q 0 0 0 rg BT 324.60 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 335.76 690.75 Td (nearly ) Tj ET Q q 0 0 0 rg BT 363.57 690.75 Td (all ) Tj ET Q q 0 0 0 rg BT 376.39 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.55 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 403.71 690.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 448.74 690.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 494.06 690.75 Td (in ) Tj ET Q q 0 0 0 rg BT 504.66 690.75 Td (which ) Tj ET Q q 0 0 0 rg BT 531.92 690.75 Td (we ) Tj ET Q q 0 0 0 rg BT 546.41 690.75 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (own ) Tj ET Q q 0 0 0 rg BT 68.54 678.75 Td (most ) Tj ET Q q 0 0 0 rg BT 89.81 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 99.96 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 114.00 678.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 151.65 678.75 Td (although ) Tj ET Q q 0 0 0 rg BT 188.46 678.75 Td (typically ) Tj ET Q q 0 0 0 rg BT 225.28 678.75 Td (less ) Tj ET Q q 0 0 0 rg BT 242.10 678.75 Td (than ) Tj ET Q q 0 0 0 rg BT 261.14 678.75 Td (a ) Tj ET Q q 0 0 0 rg BT 267.40 678.75 Td (100% ) Tj ET Q q 0 0 0 rg BT 292.55 678.75 Td (working ) Tj ET Q q 0 0 0 rg BT 327.70 678.75 Td (interest, ) Tj ET Q q 0 0 0 rg BT 361.45 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.71 678.75 Td (a ) Tj ET Q q 0 0 0 rg BT 383.97 678.75 Td (lesser ) Tj ET Q q 0 0 0 rg BT 408.56 678.75 Td (NRI ) Tj ET Q q 0 0 0 rg BT 427.61 678.75 Td (due ) Tj ET Q q 0 0 0 rg BT 443.87 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.46 678.75 Td (royalties ) Tj ET Q q 0 0 0 rg BT 489.72 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 505.98 678.75 Td (other ) Tj ET Q q 0 0 0 rg BT 528.35 678.75 Td (burdens. ) Tj ET Q q 0 0 0 rg BT 565.01 678.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (For ) Tj ET Q q 0 0 0 rg BT 65.52 666.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 107.64 666.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 120.32 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.89 666.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.78 666.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.24 666.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 217.13 666.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 268.96 666.75 Td (see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 283.86 666.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 325.98 666.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 342.00 666.75 Td (Quantities ) Tj ET Q q 0 0 0 rg BT 385.79 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 395.70 666.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 405.33 666.75 Td (oved ) Tj ET Q q 0 0 0 rg BT 426.33 666.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 441.24 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 458.37 666.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 491.61 666.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 509.85 666.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 547.52 666.75 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 654.75 Td (esent ) Tj ET Q q 0 0 0 rg BT 82.67 654.75 Td (V) Tj ET Q q 0 0 0 rg BT 87.67 654.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 107.88 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 118.65 654.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 161.63 654.75 Td (Futur) Tj ET Q q 0 0 0 rg BT 184.04 654.75 Td (e ) Tj ET Q q 0 0 0 rg BT 191.47 654.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 208.35 654.75 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.11 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 249.10 654.75 Td (above ) Tj ET Q q 0 0 0 rg BT 275.97 654.75 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.40 654.75 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 350.82 654.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 366.59 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 384.59 654.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 418.70 654.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 437.80 654.75 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 476.32 654.75 Td (es ) Tj ET Q q 0 0 0 rg BT 487.64 654.75 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.52 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 539.51 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 654.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 642.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.49 642.75 Td (Statements.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 568.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 568.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 568.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 540.25 150.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 540.25 48.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 540.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 540.25 48.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 540.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 540.25 48.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 540.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 540.25 48.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 540.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 540.25 48.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 540.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 540.25 48.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 540.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 540.25 48.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 511.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 511.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 511.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 511.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 511.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 511.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 511.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 511.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 511.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 511.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 511.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 511.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 511.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 511.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 483.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 483.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 483.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 483.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 483.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 483.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 483.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 483.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 483.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 455.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 455.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 455.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 455.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 455.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 455.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 455.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 455.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 455.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 427.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 427.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 427.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 427.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 427.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 427.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 427.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 427.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 427.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 399.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 399.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 399.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 399.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 399.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 399.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 399.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 399.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 399.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 371.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 371.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 371.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 371.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 371.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 371.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 371.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 371.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 371.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 371.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 371.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 371.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 371.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 371.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 343.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 343.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 343.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 343.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 343.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 343.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 343.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 343.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 343.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 343.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 343.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 343.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 343.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 343.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 315.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 315.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 315.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 315.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 315.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 315.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 315.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 315.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 315.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 315.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 315.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 315.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 315.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 315.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 287.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 287.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 287.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 287.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 287.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 287.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 287.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 287.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 287.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 287.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 287.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 287.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 287.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 287.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 259.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 259.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 259.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 259.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 259.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 259.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 259.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 259.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 259.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 259.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 259.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 259.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 259.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 259.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 231.25 150.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 231.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 231.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 231.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 231.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 231.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 231.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 231.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 231.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 231.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 456.00 231.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 460.00 231.25 48.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 508.00 231.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 512.00 231.25 48.00 -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 200 609.25 m 248 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 609.25 m 252 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 609.25 m 300 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 609.25 m 304 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 609.25 m 352 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 609.25 m 356 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 609.25 m 404 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 609.25 m 408 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 609.25 m 456 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 609.25 m 460 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 609.25 m 508 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 609.25 m 560 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 568.25 m 248 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 568.25 m 300 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 568.25 m 352 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 568.25 m 404 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 568.25 m 456 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 568.25 m 508 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 609.25 m 560 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 568.25 m 560 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 568.25 m 248 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 568.25 m 300 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 568.25 m 352 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 568.25 m 404 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 568.25 m 456 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 568.25 m 508 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 568.25 m 560 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 441.25 m 248 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 441.25 m 300 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 441.25 m 352 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 441.25 m 404 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 441.25 m 456 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 441.25 m 508 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 427.25 m 248 427.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 441.25 m 300 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 427.25 m 300 427.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 441.25 m 352 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 427.25 m 352 427.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 441.25 m 404 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 427.25 m 404 427.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 441.25 m 456 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 427.25 m 456 427.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 441.25 m 508 441.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 427.25 m 508 427.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 385.25 m 248 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 385.25 m 300 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 385.25 m 352 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 385.25 m 404 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 385.25 m 456 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 385.25 m 508 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 385.25 m 248 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 385.25 m 300 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 371.25 m 300 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 385.25 m 352 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 371.25 m 352 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 385.25 m 404 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 371.25 m 404 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 385.25 m 456 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 371.25 m 456 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 385.25 m 508 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 371.25 m 508 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 371.25 m 248 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 357.25 m 248 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 371.25 m 300 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 357.25 m 300 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 371.25 m 352 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 357.25 m 352 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 371.25 m 404 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 357.25 m 404 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 371.25 m 456 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 357.25 m 456 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 371.25 m 508 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 357.25 m 508 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 301.25 m 248 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 301.25 m 300 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 301.25 m 352 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 301.25 m 404 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 301.25 m 456 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 301.25 m 508 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 287.25 m 248 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 287.25 m 300 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 287.25 m 352 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 287.25 m 404 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 301.25 m 456 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 287.25 m 456 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 301.25 m 508 301.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 287.25 m 508 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 245.25 m 352 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 245.25 m 404 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 245.25 m 248 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 245.25 m 300 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 245.25 m 352 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 245.25 m 404 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 245.25 m 456 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 245.25 m 508 245.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 231.25 m 248 231.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 231.25 m 300 231.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 231.25 m 352 231.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 231.25 m 404 231.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 231.25 m 456 231.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 231.25 m 508 231.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 217.25 m 248 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 203.25 m 248 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 217.25 m 300 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 203.25 m 300 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 217.25 m 352 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 203.25 m 352 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 217.25 m 404 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 203.25 m 404 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 217.25 m 456 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 203.25 m 456 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 217.25 m 508 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 203.25 m 508 203.25 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.60 613.71 Td (Proved Reserves as of December 31, 2017 ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 377.56 617.79 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.55 622.71 Td (2017 ) Tj ET Q q 0 0 0 rg BT 441.55 622.71 Td (A) Tj ET Q q 0 0 0 rg BT 447.47 622.71 Td (verage Daily) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 613.71 Td (Production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.70 581.71 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.20 572.71 Td (\(MBbls\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.00 590.71 Td (Natural ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.50 581.71 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.00 572.71 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.70 572.71 Td (MBOEs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.85 599.71 Td (% of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 590.71 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.30 581.71 Td (T) Tj ET Q q 0 0 0 rg BT 375.17 581.71 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.70 572.71 Td (MBOEs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.70 581.71 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.70 572.71 Td (\(Bbls/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.00 590.71 Td (Natural ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 581.71 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 572.71 Td (\(Mcf/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.55 581.71 Td (A) Tj ET Q q 0 0 0 rg BT 526.38 581.71 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.60 572.71 Td (2017 NRI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 558.70 Td (T) Tj ET Q q 0 0 0 rg BT 58.09 558.70 Td (ertiary oil and gas pr) Tj ET Q q 0 0 0 rg BT 138.59 558.70 Td (operties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 544.70 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 529.71 Td (Mature properties ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 124.98 533.79 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 529.71 Td (15,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 529.92 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 529.71 Td (15,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 529.71 Td (5.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 529.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 529.71 Td (7,629) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 529.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 529.71 Td (74.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 529.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 515.71 Td (Delhi) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 515.71 Td (18,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 515.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 515.71 Td (18,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 515.71 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 515.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 515.71 Td (4,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 515.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 515.71 Td (58.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 515.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 501.71 Td (Hastings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 501.71 Td (33,538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 501.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 501.71 Td (33,538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 501.71 Td (12.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 501.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 501.71 Td (4,830) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 501.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 501.71 Td (80.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 501.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 487.71 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 93.90 487.71 Td (g) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 487.71 Td (24,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 487.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 487.71 Td (24,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 487.71 Td (9.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 487.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 487.71 Td (4,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 487.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 487.71 Td (81.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 487.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 473.71 Td (Oyster Bayou) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 473.71 Td (15,148) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 473.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 473.71 Td (15,148) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 473.71 Td (5.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 473.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 473.71 Td (5,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 473.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 473.71 Td (87.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 473.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 459.71 Td (T) Tj ET Q q 0 0 0 rg BT 63.84 459.71 Td (insley) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 459.71 Td (19,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 459.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 459.71 Td (19,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 459.71 Td (7.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 459.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 459.71 Td (6,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 459.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 459.71 Td (81.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 459.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 445.71 Td (W) Tj ET Q q 0 0 0 rg BT 66.63 445.71 Td (est ) Tj ET Q q 0 0 0 rg BT 78.35 445.71 Td (Y) Tj ET Q q 0 0 0 rg BT 84.24 445.71 Td (ellow Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 445.71 Td (1,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 445.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 445.71 Td (1,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 445.71 Td (0.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 445.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 445.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 445.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 445.71 Td (44.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 445.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 431.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 431.71 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 431.71 Td (127,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 431.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 431.71 Td (127,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 431.71 Td (49.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 431.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 431.71 Td (33,616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 431.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 431.71 Td (76.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 431.71 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 417.70 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 403.71 Td (Bell Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 403.71 Td (17,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 403.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 403.71 Td (17,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 403.71 Td (6.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 403.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 403.71 Td (3,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 403.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 403.71 Td (84.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 403.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 389.71 Td (Salt Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 389.71 Td (8,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 389.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 389.71 Td (8,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 389.71 Td (3.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 389.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 389.71 Td (1,1) Tj ET Q q 0 0 0 rg BT 443.50 389.71 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 389.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 389.71 Td (29.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 389.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 375.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 375.71 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 375.71 Td (26,018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 375.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 375.71 Td (26,018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 375.71 Td (10.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 375.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 375.71 Td (4,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 375.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 375.71 Td (57.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 375.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 361.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 361.71 Td (otal tertiary properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 361.71 Td (153,441) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.15 361.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 361.71 Td (153,441) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 361.71 Td (59.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 361.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 361.71 Td (38,044) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 361.71 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 361.71 Td (73.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 361.71 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 347.70 Td (Non-tertiary oil and gas pr) Tj ET Q q 0 0 0 rg BT 155.33 347.70 Td (operties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 333.70 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 319.71 Td (T) Tj ET Q q 0 0 0 rg BT 63.68 319.71 Td (exas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 319.71 Td (13,846) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.90 319.71 Td (7,876) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 319.71 Td (15,159) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 319.71 Td (5.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 319.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 319.71 Td (4,1) Tj ET Q q 0 0 0 rg BT 443.50 319.71 Td (14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 319.71 Td (2,279) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 319.71 Td (80.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 319.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 305.71 Td (Mississippi and other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 305.71 Td (4,075) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.90 305.71 Td (8,836) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 305.71 Td (5,547) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 305.71 Td (2.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 305.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 305.71 Td (939) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 305.71 Td (3,185) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 305.71 Td (20.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 305.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 291.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 291.71 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 291.71 Td (17,921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 291.71 Td (16,712) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 291.71 Td (20,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 291.71 Td (8.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 291.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 291.71 Td (5,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 291.71 Td (5,464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 291.71 Td (50.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 291.71 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 277.70 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 263.71 Td (Cedar Creek ) Tj ET Q q 0 0 0 rg BT 105.48 263.71 Td (Anticline) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 138.97 267.79 Td ( \(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 263.71 Td (79,281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 263.71 Td (19,1) Tj ET Q q 0 0 0 rg BT 287.15 263.71 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 263.71 Td (82,467) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 263.71 Td (31.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 263.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 263.71 Td (14,418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 263.71 Td (2,017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 263.71 Td (78.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 263.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 249.71 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 249.71 Td (1,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.90 249.71 Td (6,891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.25 249.71 Td (3,131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.75 249.71 Td (1.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 249.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 249.71 Td (895) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 249.71 Td (3,848) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 249.71 Td (59.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 249.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 235.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 235.71 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 235.71 Td (81,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 235.71 Td (26,009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.75 235.71 Td (85,598) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 235.71 Td (32.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 235.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 235.71 Td (15,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 235.71 Td (5,865) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 235.71 Td (76.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 235.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 221.71 Td (T) Tj ET Q q 0 0 0 rg BT 69.37 221.71 Td (otal non-tertiary properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.75 221.71 Td (99,184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 221.71 Td (42,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 221.71 Td (106,304) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.25 221.71 Td (40.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 221.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 221.71 Td (20,366) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 221.71 Td (1) Tj ET Q q 0 0 0 rg BT 484.25 221.71 Td (1,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 221.71 Td (67.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 221.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 207.71 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.59 207.71 Td (T) Tj ET Q q 0 0 0 rg BT 112.45 207.71 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.25 207.71 Td (252,625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.40 207.71 Td (42,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.25 207.71 Td (259,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.75 207.71 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.00 207.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 207.71 Td (58,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 207.71 Td (1) Tj ET Q q 0 0 0 rg BT 484.25 207.71 Td (1,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 207.71 Td (71.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 207.71 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 179.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.61 179.75 Td (above ) Tj ET Q q 0 0 0 rg BT 112.06 179.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 143.49 179.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 183.27 179.75 Td (were ) Tj ET Q q 0 0 0 rg BT 205.27 179.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 242.81 179.75 Td (in ) Tj ET Q q 0 0 0 rg BT 253.16 179.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 300.69 179.75 Td (with ) Tj ET Q q 0 0 0 rg BT 321.03 179.75 Td (F) Tj ET Q q 0 0 0 rg BT 325.85 179.75 Td (ASC ) Tj ET Q q 0 0 0 rg BT 347.69 179.75 Td (T) Tj ET Q q 0 0 0 rg BT 353.10 179.75 Td (opic ) Tj ET Q q 0 0 0 rg BT 372.88 179.75 Td (932, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 392.95 179.75 Td (Extractive ) Tj ET Q q 0 0 0 rg BT 436.60 179.75 Td (Industries ) Tj ET Q q 0 0 0 rg BT 479.17 179.75 Td ( ) Tj ET Q q 0 0 0 rg BT 486.74 179.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 502.08 179.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.65 179.75 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.76 179.75 Td (, ) Tj ET Q q 0 0 0 rg BT 540.83 179.75 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 167.75 Td (the ) Tj ET Q q 0 0 0 rg BT 82.82 167.75 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 126.46 167.75 Td (averages ) Tj ET Q q 0 0 0 rg BT 164.54 167.75 Td (of ) Tj ET Q q 0 0 0 rg BT 175.97 167.75 Td (the ) Tj ET Q q 0 0 0 rg BT 191.29 167.75 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 284.37 167.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 324.13 167.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 372.79 167.75 Td (price ) Tj ET Q q 0 0 0 rg BT 395.88 167.75 Td (for ) Tj ET Q q 0 0 0 rg BT 410.64 167.75 Td (each ) Tj ET Q q 0 0 0 rg BT 432.06 167.75 Td (month ) Tj ET Q q 0 0 0 rg BT 460.72 167.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.93 167.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.93 167.75 Td (, ) Tj ET Q q 0 0 0 rg BT 515.53 167.75 Td (which ) Tj ET Q q 0 0 0 rg BT 543.07 167.75 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 155.75 Td ($51.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 155.75 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 155.75 Td (per ) Tj ET Q q 0 0 0 rg BT 112.77 155.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 129.72 155.75 Td (for ) Tj ET Q q 0 0 0 rg BT 143.88 155.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 168.58 155.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 181.64 155.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.58 155.75 Td ($2.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 155.75 Td ( ) Tj ET Q q 0 0 0 rg BT 223.58 155.75 Td (per ) Tj ET Q q 0 0 0 rg BT 238.85 155.75 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 273.58 155.75 Td (for ) Tj ET Q q 0 0 0 rg BT 287.74 155.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 318.00 155.75 Td (gas. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 131.75 Td (Mature ) Tj ET Q q 0 0 0 rg BT 98.81 131.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 141.22 131.75 Td (include ) Tj ET Q q 0 0 0 rg BT 173.08 131.75 Td (Brookhaven, ) Tj ET Q q 0 0 0 rg BT 226.89 131.75 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 269.58 131.75 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 305.05 131.75 Td (Little ) Tj ET Q q 0 0 0 rg BT 329.14 131.75 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 357.95 131.75 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 401.20 131.75 Td (Martinville, ) Tj ET Q q 0 0 0 rg BT 451.12 131.75 Td (McComb ) Tj ET Q q 0 0 0 rg BT 491.33 131.75 Td (and ) Tj ET Q q 0 0 0 rg BT 508.19 131.75 Td (Soso ) Tj ET Q q 0 0 0 rg BT 530.08 131.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 554.72 131.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 119.75 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 115.57 119.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.51 119.75 Td (Lockhart ) Tj ET Q q 0 0 0 rg BT 171.10 119.75 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 209.17 119.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 232.22 119.75 Td (in ) Tj ET Q q 0 0 0 rg BT 242.50 119.75 Td (Louisiana.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.75 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 95.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 95.75 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 111.92 95.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 137.75 95.75 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 177.46 95.75 Td (consists ) Tj ET Q q 0 0 0 rg BT 211.63 95.75 Td (of ) Tj ET Q q 0 0 0 rg BT 222.46 95.75 Td (a ) Tj ET Q q 0 0 0 rg BT 229.40 95.75 Td (series ) Tj ET Q q 0 0 0 rg BT 254.67 95.75 Td (of ) Tj ET Q q 0 0 0 rg BT 265.50 95.75 Td (14 ) Tj ET Q q 0 0 0 rg BT 278.00 95.75 Td (dif) Tj ET Q q 0 0 0 rg BT 288.93 95.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 314.74 95.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.00 95.75 Td (areas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 71.75 Td (Enhanced ) Tj ET Q q 0 0 0 rg BT 112.02 71.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 127.09 71.75 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 168.80 71.75 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.34 71.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.84 71.75 Td ( ) Tj ET Q q 0 0 0 rg BT 213.57 71.75 Td ( ) Tj ET Q q 0 0 0 rg BT 215.30 71.75 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 70.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.44 71.75 Td ( ) Tj ET Q q 0 0 0 rg BT 234.17 71.75 Td (used ) Tj ET Q q 0 0 0 rg BT 254.23 71.75 Td (in ) Tj ET Q q 0 0 0 rg BT 263.74 71.75 Td (EOR ) Tj ET Q q 0 0 0 rg BT 285.47 71.75 Td (is ) Tj ET Q q 0 0 0 rg BT 293.87 71.75 Td (one ) Tj ET Q q 0 0 0 rg BT 310.04 71.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.10 71.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.05 71.75 Td (most ) Tj ET Q q 0 0 0 rg BT 355.23 71.75 Td (ef) Tj ET Q q 0 0 0 rg BT 362.82 71.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 390.09 71.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 420.70 71.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 457.40 71.75 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 508.57 71.75 Td (for ) Tj ET Q q 0 0 0 rg BT 521.96 71.75 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 74.61 59.75 Td (oil.) Tj ET Q q 0 0 0 rg BT 92.49 59.75 Td (When ) Tj ET Q q 0 0 0 rg BT 119.28 59.75 Td (injected ) Tj ET Q q 0 0 0 rg BT 153.83 59.75 Td (under ) Tj ET Q q 0 0 0 rg BT 179.51 59.75 Td (pressure ) Tj ET Q q 0 0 0 rg BT 215.74 59.75 Td (into ) Tj ET Q q 0 0 0 rg BT 234.20 59.75 Td (under) Tj ET Q q 0 0 0 rg BT 256.79 59.75 Td (ground, ) Tj ET Q q 0 0 0 rg BT 290.53 59.75 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 337.31 59.75 Td (rock ) Tj ET Q q 0 0 0 rg BT 357.98 59.75 Td (formations, ) Tj ET Q q 0 0 0 rg BT 406.72 59.75 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 58.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.86 59.75 Td ( ) Tj ET Q q 0 0 0 rg BT 426.77 59.75 Td (acts ) Tj ET Q q 0 0 0 rg BT 445.22 59.75 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 488.67 59.75 Td (like ) Tj ET Q q 0 0 0 rg BT 506.58 59.75 Td (a ) Tj ET Q q 0 0 0 rg BT 513.92 59.75 Td (solvent ) Tj ET Q q 0 0 0 rg BT 545.72 59.75 Td (as ) Tj ET Q q 0 0 0 rg BT 556.96 59.75 Td (it ) 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 49.50 726.60 Td (travels ) Tj ET Q q 0 0 0 rg BT 78.93 726.60 Td (through ) Tj ET Q q 0 0 0 rg BT 112.82 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.81 726.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 166.13 726.60 Td (rock, ) Tj ET Q q 0 0 0 rg BT 189.17 726.60 Td (mixing ) Tj ET Q q 0 0 0 rg BT 220.29 726.60 Td (with ) Tj ET Q q 0 0 0 rg BT 240.84 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.06 726.60 Td (modifying ) Tj ET Q q 0 0 0 rg BT 302.50 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.49 726.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 377.46 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.57 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.56 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 416.89 726.60 Td (so ) Tj ET Q q 0 0 0 rg BT 428.56 726.60 Td (it ) Tj ET Q q 0 0 0 rg BT 436.90 726.60 Td (can ) Tj ET Q q 0 0 0 rg BT 453.55 726.60 Td (be ) Tj ET Q q 0 0 0 rg BT 465.77 726.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 505.75 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 522.97 726.60 Td (sold.) Tj ET Q q 0 0 0 rg BT 546.96 726.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.22 714.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 110.03 714.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 140.57 714.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.90 713.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.15 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.65 714.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 192.70 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.64 714.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 227.97 713.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.22 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.72 714.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 260.66 714.60 Td (are ) Tj ET Q q 0 0 0 rg BT 275.36 714.60 Td (used ) Tj ET Q q 0 0 0 rg BT 296.19 714.60 Td (interchangeably ) Tj ET Q q 0 0 0 rg BT 362.55 714.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 408.94 714.60 Td (this ) Tj ET Q q 0 0 0 rg BT 425.89 714.60 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (While ) Tj ET Q q 0 0 0 rg BT 94.20 690.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 134.23 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.05 690.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 184.30 690.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 218.22 690.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 253.82 690.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 267.71 689.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.96 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.23 690.60 Td (have ) Tj ET Q q 0 0 0 rg BT 294.38 690.60 Td (been ) Tj ET Q q 0 0 0 rg BT 315.53 690.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 366.67 690.60 Td (performed ) Tj ET Q q 0 0 0 rg BT 410.59 690.60 Td (by ) Tj ET Q q 0 0 0 rg BT 422.86 690.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 464.56 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 477.39 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 494.10 690.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 509.70 690.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 554.73 690.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 57.38 678.60 Td (wide ) Tj ET Q q 0 0 0 rg BT 80.26 678.60 Td (range ) Tj ET Q q 0 0 0 rg BT 105.90 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.67 678.60 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 164.99 678.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 207.85 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 219.07 678.60 Td (dif) Tj ET Q q 0 0 0 rg BT 230.00 678.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 256.76 678.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 314.63 678.60 Td (basins, ) Tj ET Q q 0 0 0 rg BT 345.57 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 360.67 678.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 392.98 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 409.75 678.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 463.46 678.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 510.21 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 528.08 678.60 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 95.98 666.60 Td (give ) Tj ET Q q 0 0 0 rg BT 115.80 666.60 Td (us ) Tj ET Q q 0 0 0 rg BT 127.29 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 134.33 666.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 170.81 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.85 666.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 237.66 666.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 280.79 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 291.17 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.99 666.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 329.13 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 366.56 666.60 Td (we ) Tj ET Q q 0 0 0 rg BT 380.82 666.60 Td (operate. ) Tj ET Q q 0 0 0 rg BT 415.34 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.76 666.60 Td (W) Tj ET Q q 0 0 0 rg BT 426.40 666.60 Td (e ) Tj ET Q q 0 0 0 rg BT 433.44 666.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 458.26 666.60 Td (what ) Tj ET Q q 0 0 0 rg BT 480.30 666.60 Td (we ) Tj ET Q q 0 0 0 rg BT 494.56 666.60 Td (have ) Tj ET Q q 0 0 0 rg BT 516.04 666.60 Td (learned ) 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 (developed ) Tj ET Q q 0 0 0 rg BT 93.09 654.60 Td (over ) Tj ET Q q 0 0 0 rg BT 113.36 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.08 654.60 Td (years ) Tj ET Q q 0 0 0 rg BT 151.68 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.96 654.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 197.78 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 214.72 654.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 249.97 654.60 Td (sweep ) Tj ET Q q 0 0 0 rg BT 277.46 654.60 Td (ef) Tj ET Q q 0 0 0 rg BT 285.05 654.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 319.75 654.60 Td (within ) Tj ET Q q 0 0 0 rg BT 347.81 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.53 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 376.42 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 382.17 654.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 404.67 654.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 438.82 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 452.98 654.60 Td (operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 630.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.11 630.60 Td (began ) Tj ET Q q 0 0 0 rg BT 109.53 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 125.40 630.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 139.29 629.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.54 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.08 630.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.27 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.03 630.60 Td (August ) Tj ET Q q 0 0 0 rg BT 230.46 630.60 Td (1999, ) Tj ET Q q 0 0 0 rg BT 255.49 630.60 Td (when ) Tj ET Q q 0 0 0 rg BT 279.69 630.60 Td (we ) Tj ET Q q 0 0 0 rg BT 293.89 630.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 330.85 630.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 355.05 630.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 381.47 630.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 407.06 630.60 Td (followed ) Tj ET Q q 0 0 0 rg BT 445.15 630.60 Td (by ) Tj ET Q q 0 0 0 rg BT 457.68 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.55 630.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 519.97 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.84 630.60 Td (Jackson ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 75.76 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 89.65 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.90 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 94.73 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 129.31 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.57 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.61 618.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 185.88 618.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 219.92 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 229.52 618.60 Td (2001.Based ) Tj ET Q q 0 0 0 rg BT 283.28 618.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 305.10 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 320.26 618.60 Td (success ) Tj ET Q q 0 0 0 rg BT 352.07 618.60 Td (at ) Tj ET Q q 0 0 0 rg BT 361.11 618.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 384.60 618.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 410.30 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 426.56 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.60 618.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 484.08 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.24 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.28 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 522.17 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.42 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 527.24 618.60 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.25 606.60 Td (began ) Tj ET Q q 0 0 0 rg BT 89.21 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 99.07 606.60 Td (transition ) Tj ET Q q 0 0 0 rg BT 138.93 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.35 606.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 183.09 606.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 221.28 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.81 606.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 283.78 606.60 Td (ef) Tj ET Q q 0 0 0 rg BT 291.36 606.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 311.78 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.65 606.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 345.39 606.60 Td (more ) Tj ET Q q 0 0 0 rg BT 368.02 606.60 Td (heavily ) Tj ET Q q 0 0 0 rg BT 399.54 606.60 Td (on ) Tj ET Q q 0 0 0 rg BT 411.63 606.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 425.52 605.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.77 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.86 606.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 452.95 606.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 471.97 606.60 Td (over ) Tj ET Q q 0 0 0 rg BT 491.83 606.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 514.19 606.60 Td (transformed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.94 594.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 100.71 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.60 594.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 136.38 594.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 176.70 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 189.81 594.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 222.93 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.48 594.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 281.35 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 295.02 594.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 320.35 594.60 Td (that ) Tj ET Q q 0 0 0 rg BT 338.46 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 353.78 594.60 Td (well ) Tj ET Q q 0 0 0 rg BT 374.11 594.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 401.11 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 415.88 594.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 429.77 593.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.02 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 436.14 594.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 459.25 594.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 496.52 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.63 594.60 Td (Prior ) Tj ET Q q 0 0 0 rg BT 522.74 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 594.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (flooding, ) Tj ET Q q 0 0 0 rg BT 88.28 582.60 Td (we ) Tj ET Q q 0 0 0 rg BT 102.33 582.60 Td (strive ) Tj ET Q q 0 0 0 rg BT 126.94 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.11 582.60 Td (maximize ) Tj ET Q q 0 0 0 rg BT 178.93 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.54 582.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 232.03 582.60 Td (sizeable ) Tj ET Q q 0 0 0 rg BT 266.62 582.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 300.67 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.50 582.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 360.43 582.60 Td (production ) Tj ET Q q 0 0 0 rg BT 406.15 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 427.98 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 443.70 582.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 492.19 582.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 523.46 582.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 548.06 582.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.79 570.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 96.86 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.49 570.60 Td (which ) Tj ET Q q 0 0 0 rg BT 134.78 570.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 166.51 570.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 194.36 570.60 Td (have ) Tj ET Q q 0 0 0 rg BT 216.09 570.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 267.26 570.60 Td (but ) Tj ET Q q 0 0 0 rg BT 282.89 570.60 Td (still ) Tj ET Q q 0 0 0 rg BT 300.75 570.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 333.03 570.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 378.10 570.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 428.15 570.60 Td (production.Our ) Tj ET Q q 0 0 0 rg BT 497.38 570.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 519.67 570.60 Td (base ) Tj ET Q q 0 0 0 rg BT 540.29 570.60 Td (today ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (almost ) Tj ET Q q 0 0 0 rg BT 78.60 558.60 Td (entirely ) Tj ET Q q 0 0 0 rg BT 111.58 558.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 145.69 558.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 158.95 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 169.72 558.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 211.03 558.60 Td (relates ) Tj ET Q q 0 0 0 rg BT 239.56 558.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 252.28 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 265.27 558.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 289.92 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 307.36 558.60 Td (we ) Tj ET Q q 0 0 0 rg BT 321.45 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 336.10 558.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 374.63 558.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 410.95 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 431.17 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 445.06 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.31 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 450.74 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 461.51 558.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 481.16 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 491.38 558.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 514.92 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 535.14 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 549.03 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.28 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.71 558.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 546.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 93.09 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 103.92 546.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 129.75 546.60 Td (that ) Tj ET Q q 0 0 0 rg BT 147.25 546.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 181.96 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.85 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.10 546.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.51 522.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 118.84 522.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.96 522.60 Td (have ) Tj ET Q q 0 0 0 rg BT 186.29 522.60 Td (grown ) Tj ET Q q 0 0 0 rg BT 215.31 522.60 Td (so ) Tj ET Q q 0 0 0 rg BT 227.66 522.60 Td (that ) Tj ET Q q 0 0 0 rg BT 246.11 522.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.23 522.60 Td (59%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.56 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 283.02 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.81 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 311.60 522.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 342.83 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 379.05 522.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.72 522.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 449.27 522.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.27 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.72 522.60 Td (are ) Tj ET Q q 0 0 0 rg BT 488.39 522.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 519.62 522.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.95 522.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 87.78 510.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.19 510.60 Td (63%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.52 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.26 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 134.34 510.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.42 510.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.42 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 173.16 510.60 Td (total ) Tj ET Q q 0 0 0 rg BT 193.68 510.60 Td (production ) Tj ET Q q 0 0 0 rg BT 239.75 510.60 Td (was ) Tj ET Q q 0 0 0 rg BT 258.05 510.60 Td (related ) Tj ET Q q 0 0 0 rg BT 288.00 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.52 510.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 330.14 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 343.44 510.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 387.84 510.60 Td (\(on ) Tj ET Q q 0 0 0 rg BT 403.92 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 411.10 510.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 433.85 510.60 Td (basis\); ) Tj ET Q q 0 0 0 rg BT 462.70 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.88 510.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.29 510.60 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.62 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 515.37 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.44 510.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.52 510.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.34 498.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 131.62 498.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 176.58 498.60 Td (acquisitions\) ) Tj ET Q q 0 0 0 rg BT 229.87 498.60 Td (were ) Tj ET Q q 0 0 0 rg BT 251.49 498.60 Td (related ) Tj ET Q q 0 0 0 rg BT 280.88 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.85 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 306.37 498.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 337.43 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 350.18 498.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 398.78 498.60 Td (At ) Tj ET Q q 0 0 0 rg BT 410.97 498.60 Td (year) Tj ET Q q 0 0 0 rg BT 427.98 498.60 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.94 498.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.94 498.60 Td (, ) Tj ET Q q 0 0 0 rg BT 472.63 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.03 498.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 516.99 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 529.74 498.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.34 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.73 486.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 105.67 486.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 142.71 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 155.33 486.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 179.61 486.60 Td (had ) Tj ET Q q 0 0 0 rg BT 196.11 486.60 Td (an ) Tj ET Q q 0 0 0 rg BT 207.61 486.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 247.99 486.60 Td (PV) Tj ET Q q 0 0 0 rg BT 259.86 486.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 275.10 486.60 Td (V) Tj ET Q q 0 0 0 rg BT 281.22 486.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 299.93 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.33 486.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 486.60 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 389.71 486.60 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.83 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 420.39 486.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.78 486.60 Td (66%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.11 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 451.17 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.57 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.96 486.60 Td (total ) Tj ET Q q 0 0 0 rg BT 496.80 486.60 Td (PV) Tj ET Q q 0 0 0 rg BT 508.66 486.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 523.91 486.60 Td (V) Tj ET Q q 0 0 0 rg BT 530.02 486.60 Td (alue.In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.19 474.60 Td (there ) Tj ET Q q 0 0 0 rg BT 109.59 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 124.21 474.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 168.84 474.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 206.24 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.10 474.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 258.29 474.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 293.47 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 303.10 474.60 Td (several ) Tj ET Q q 0 0 0 rg BT 333.83 474.60 Td (other ) Tj ET Q q 0 0 0 rg BT 356.79 474.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 381.43 474.60 Td (for ) Tj ET Q q 0 0 0 rg BT 395.50 474.60 Td (which ) Tj ET Q q 0 0 0 rg BT 422.36 474.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 453.65 474.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 497.72 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 512.34 474.60 Td (underway ) Tj ET Q q 0 0 0 rg BT 554.18 474.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (planned.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 108.41 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.76 438.60 Td (up-front ) Tj ET Q q 0 0 0 rg BT 159.67 438.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 178.91 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.37 438.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 222.38 438.60 Td (production ) Tj ET Q q 0 0 0 rg BT 268.84 438.60 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 325.83 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.40 438.60 Td (time ) Tj ET Q q 0 0 0 rg BT 364.31 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.22 438.60 Td (construct ) Tj ET Q q 0 0 0 rg BT 415.01 438.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 454.25 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 471.82 438.60 Td (production ) Tj ET Q q 0 0 0 rg BT 518.28 438.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 555.84 438.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 78.96 426.60 Td (than ) Tj ET Q q 0 0 0 rg BT 97.87 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.35 426.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 140.71 426.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 152.97 426.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 189.65 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.13 426.60 Td (most ) Tj ET Q q 0 0 0 rg BT 220.28 426.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 281.12 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 294.48 426.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 325.05 426.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 355.63 426.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 392.31 426.60 Td (has ) Tj ET Q q 0 0 0 rg BT 407.34 426.60 Td (several ) Tj ET Q q 0 0 0 rg BT 437.35 426.60 Td (favorable, ) Tj ET Q q 0 0 0 rg BT 479.31 426.60 Td (of) Tj ET Q q 0 0 0 rg BT 487.46 426.60 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 519.16 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 426.60 Td (unique ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (attributes, ) Tj ET Q q 0 0 0 rg BT 92.53 414.60 Td (including ) Tj ET Q q 0 0 0 rg BT 133.63 414.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 148.61 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.38 414.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 182.47 414.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 231.33 414.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 252.15 414.60 Td (as ) Tj ET Q q 0 0 0 rg BT 263.81 414.60 Td (we ) Tj ET Q q 0 0 0 rg BT 278.79 414.60 Td (are ) Tj ET Q q 0 0 0 rg BT 294.32 414.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.41 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 349.29 414.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 374.82 414.60 Td (that ) Tj ET Q q 0 0 0 rg BT 393.14 414.60 Td (have ) Tj ET Q q 0 0 0 rg BT 415.34 414.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 460.88 414.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 501.41 414.60 Td (production ) Tj ET Q q 0 0 0 rg BT 548.06 414.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 87.44 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 104.27 402.60 Td (geological ) Tj ET Q q 0 0 0 rg BT 148.32 402.60 Td (data, ) Tj ET Q q 0 0 0 rg BT 169.88 402.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 183.94 402.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 209.10 402.60 Td (production ) Tj ET Q q 0 0 0 rg BT 254.83 402.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 286.10 402.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 307.37 402.60 Td (than ) Tj ET Q q 0 0 0 rg BT 326.99 402.60 Td (unconventional ) Tj ET Q q 0 0 0 rg BT 391.04 402.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 447.59 402.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 461.65 402.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 506.80 402.60 Td (return ) Tj ET Q q 0 0 0 rg BT 533.08 402.60 Td (metrics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (at ) Tj ET Q q 0 0 0 rg BT 59.84 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.29 390.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 123.29 390.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 165.84 390.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 195.34 390.60 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 210.13 390.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 241.58 390.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 292.48 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 307.26 390.60 Td (this ) Tj ET Q q 0 0 0 rg BT 324.83 390.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 362.93 390.60 Td (method ) Tj ET Q q 0 0 0 rg BT 396.05 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 406.95 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 423.41 390.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 470.96 390.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 503.52 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.08 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 528.64 390.60 Td (strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 92.96 378.60 Td (due ) Tj ET Q q 0 0 0 rg BT 110.33 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.04 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.30 378.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 181.89 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.15 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 208.29 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 222.19 377.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.34 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 263.03 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.40 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 294.29 377.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.44 378.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 334.58 378.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 393.88 378.60 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 408.46 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 424.72 378.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 447.65 378.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 492.24 378.60 Td (are ) Tj ET Q q 0 0 0 rg BT 507.38 378.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 547.51 378.60 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (disruptive ) Tj ET Q q 0 0 0 rg BT 91.50 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.29 366.60 Td (new ) Tj ET Q q 0 0 0 rg BT 119.96 366.60 Td (habitats ) Tj ET Q q 0 0 0 rg BT 153.07 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 162.86 366.60 Td (comparison ) Tj ET Q q 0 0 0 rg BT 211.52 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 221.31 366.60 Td (other ) Tj ET Q q 0 0 0 rg BT 243.86 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 256.43 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 272.87 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 302.65 366.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 317.98 366.60 Td (development ) Tj ET Q q 0 0 0 rg BT 371.64 366.60 Td (because ) Tj ET Q q 0 0 0 rg BT 405.30 366.60 Td (we ) Tj ET Q q 0 0 0 rg BT 418.97 366.60 Td (further ) Tj ET Q q 0 0 0 rg BT 448.18 366.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 481.84 366.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 515.52 366.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 529.19 366.60 Td (opposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.57 354.60 Td (new\) ) Tj ET Q q 0 0 0 rg BT 81.85 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 94.70 354.60 Td (fields, ) Tj ET Q q 0 0 0 rg BT 121.71 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 138.44 354.60 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 152.39 354.60 Td (through ) Tj ET Q q 0 0 0 rg BT 185.79 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 201.41 354.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 258.14 354.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 280.43 354.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 326.87 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 340.83 354.60 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 393.65 354.60 Td (store ) Tj ET Q q 0 0 0 rg BT 415.38 354.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 429.27 353.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.01 354.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 470.73 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 492.46 354.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 532.52 354.60 Td (sources) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 342.60 Td (same ) Tj ET Q q 0 0 0 rg BT 97.54 342.60 Td (under) Tj ET Q q 0 0 0 rg BT 120.13 342.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 150.96 342.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 196.79 342.60 Td (that ) Tj ET Q q 0 0 0 rg BT 214.28 342.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 259.00 342.60 Td (trapped ) Tj ET Q q 0 0 0 rg BT 291.48 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.42 342.60 Td (stored ) Tj ET Q q 0 0 0 rg BT 335.36 342.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 348.42 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 365.35 342.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 395.62 342.60 Td (gas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 318.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 87.18 318.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 103.01 318.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 113.38 318.60 Td (operties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 70.89 294.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 96.73 294.60 Td (Region) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 63.39 269.17 Td (2) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 66.64 270.60 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.39 270.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 86.91 270.60 Td (ces ) Tj ET Q q 0 0 0 rg BT 102.18 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.68 270.60 Td (Pipelines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 246.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 105.34 246.60 Td (Dome.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.83 246.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.71 246.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.64 246.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 192.68 246.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 214.39 246.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 240.56 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.45 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.70 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 261.08 246.60 Td (source, ) Tj ET Q q 0 0 0 rg BT 293.06 246.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 328.10 246.60 Td (Dome, ) Tj ET Q q 0 0 0 rg BT 358.43 246.60 Td (located ) Tj ET Q q 0 0 0 rg BT 390.68 246.60 Td (near ) Tj ET Q q 0 0 0 rg BT 411.27 246.60 Td (Jackson, ) Tj ET Q q 0 0 0 rg BT 448.81 246.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 500.27 246.60 Td (was ) Tj ET Q q 0 0 0 rg BT 519.20 246.60 Td (discovered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (during ) Tj ET Q q 0 0 0 rg BT 77.50 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 91.62 234.60 Td (1970s ) Tj ET Q q 0 0 0 rg BT 117.40 234.60 Td (by ) Tj ET Q q 0 0 0 rg BT 129.30 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 141.75 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.09 234.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 173.31 234.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 217.97 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 234.86 234.60 Td (were ) Tj ET Q q 0 0 0 rg BT 256.19 234.60 Td (exploring ) Tj ET Q q 0 0 0 rg BT 296.41 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 309.97 234.60 Td (hydrocarbons.) Tj ET Q q 0 0 0 rg BT 371.71 234.60 Td (This ) Tj ET Q q 0 0 0 rg BT 391.39 234.60 Td (lar) Tj ET Q q 0 0 0 rg BT 401.76 234.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 413.09 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.42 234.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 469.08 234.60 Td (pure ) Tj ET Q q 0 0 0 rg BT 488.74 234.60 Td (source ) Tj ET Q q 0 0 0 rg BT 516.74 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.96 234.60 Td (naturally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 90.39 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.28 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.53 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.11 222.60 Td (\(98% ) Tj ET Q q 0 0 0 rg BT 134.34 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 148.24 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.48 222.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 157.39 222.60 Td (is, ) Tj ET Q q 0 0 0 rg BT 169.14 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 179.49 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.40 222.60 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 244.35 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.14 222.60 Td (only ) Tj ET Q q 0 0 0 rg BT 279.50 222.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.28 222.60 Td (under) Tj ET Q q 0 0 0 rg BT 346.87 222.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 377.78 222.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 409.24 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.14 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 434.04 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.29 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 439.86 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.22 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.01 222.60 Td (United ) Tj ET Q q 0 0 0 rg BT 494.80 222.60 Td (States ) Tj ET Q q 0 0 0 rg BT 521.26 222.60 Td (east ) Tj ET Q q 0 0 0 rg BT 539.39 222.60 Td (of ) 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 (Mississippi ) Tj ET Q q 0 0 0 rg BT 96.52 210.60 Td (River) Tj ET Q q 0 0 0 rg BT 118.18 210.60 Td (. ) Tj ET Q q 0 0 0 rg BT 122.13 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.47 210.60 Td (T) Tj ET Q q 0 0 0 rg BT 128.88 210.60 Td (ogether ) Tj ET Q q 0 0 0 rg BT 160.31 210.60 Td (with ) Tj ET Q q 0 0 0 rg BT 179.54 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.20 210.60 Td (related ) Tj ET Q q 0 0 0 rg BT 221.85 210.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.74 209.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.99 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 240.44 210.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 274.10 210.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 331.91 210.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 365.01 210.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 390.90 210.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 426.78 210.60 Td (us ) Tj ET Q q 0 0 0 rg BT 437.12 210.60 Td (a ) Tj ET Q q 0 0 0 rg BT 443.01 210.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.67 210.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 521.99 210.60 Td (advantage ) 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 59.78 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 198.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 120.88 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.71 198.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 174.19 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.47 198.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 235.04 198.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 276.98 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 293.91 198.60 Td (southeastern ) Tj ET Q q 0 0 0 rg BT 346.22 198.60 Td (T) Tj ET Q q 0 0 0 rg BT 351.63 198.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 371.90 198.60 Td (that ) Tj ET Q q 0 0 0 rg BT 389.39 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 404.10 198.60 Td (well ) Tj ET Q q 0 0 0 rg BT 423.82 198.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 450.20 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 464.36 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 478.25 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.00 198.60 Td (EOR.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 174.60 Td (e ) Tj ET Q q 0 0 0 rg BT 82.58 174.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 119.01 174.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 152.68 174.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 179.13 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.91 174.60 Td (February ) Tj ET Q q 0 0 0 rg BT 227.02 174.60 Td (2001 ) Tj ET Q q 0 0 0 rg BT 249.02 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.81 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 265.25 174.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 302.80 174.60 Td (that ) Tj ET Q q 0 0 0 rg BT 319.80 174.60 Td (also ) Tj ET Q q 0 0 0 rg BT 337.92 174.60 Td (gave ) Tj ET Q q 0 0 0 rg BT 358.80 174.60 Td (us ) Tj ET Q q 0 0 0 rg BT 369.70 174.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 413.36 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.81 174.60 Td (control ) Tj ET Q q 0 0 0 rg BT 460.14 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.48 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 484.70 174.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 511.15 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 525.04 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.29 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.30 174.60 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.43 162.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 106.47 162.60 Td (us ) Tj ET Q q 0 0 0 rg BT 118.85 162.60 Td (with ) Tj ET Q q 0 0 0 rg BT 140.13 162.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.06 162.60 Td (reliable ) Tj ET Q q 0 0 0 rg BT 181.53 162.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 211.69 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.52 162.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 237.41 161.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.66 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 244.15 162.60 Td (at ) Tj ET Q q 0 0 0 rg BT 254.86 162.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.79 162.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 309.04 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.97 162.60 Td (predictable ) Tj ET Q q 0 0 0 rg BT 374.88 162.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 394.48 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 409.63 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.46 162.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 448.28 162.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 474.55 162.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 488.44 161.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.69 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 495.18 162.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 527.55 162.60 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (operations.Since ) Tj ET Q q 0 0 0 rg BT 124.65 150.60 Td (February ) Tj ET Q q 0 0 0 rg BT 164.52 150.60 Td (2001, ) Tj ET Q q 0 0 0 rg BT 190.79 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 206.22 150.60 Td (have ) Tj ET Q q 0 0 0 rg BT 228.87 150.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 267.07 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.28 150.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 315.16 150.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 358.37 150.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 372.26 149.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.51 150.60 Td (-producing ) Tj ET Q q 0 0 0 rg BT 423.16 150.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 450.54 150.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 504.30 150.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 549.17 150.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.39 138.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 118.74 138.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 138.64 138.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 162.99 138.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 176.88 137.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.13 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 181.71 138.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 216.04 138.60 Td (from ) Tj ET Q q 0 0 0 rg BT 237.05 138.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 296.38 138.60 Td (800 ) Tj ET Q q 0 0 0 rg BT 312.96 138.60 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 328.97 138.60 Td (at ) Tj ET Q q 0 0 0 rg BT 337.76 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.55 138.60 Td (time ) Tj ET Q q 0 0 0 rg BT 370.90 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.80 138.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 426.26 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.16 138.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 469.40 138.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 495.41 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.76 138.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 64.07 126.60 Td (T) Tj ET Q q 0 0 0 rg BT 69.48 126.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 79.47 126.60 Td (as ) Tj ET Q q 0 0 0 rg BT 90.03 126.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.59 126.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.90 126.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.90 126.60 Td (.) Tj ET Q q 0 0 0 rg BT 186.22 126.60 Td (The ) Tj ET Q q 0 0 0 rg BT 204.00 126.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 233.99 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 247.88 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.13 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 253.36 126.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 284.46 126.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 323.90 126.60 Td (are ) Tj ET Q q 0 0 0 rg BT 338.33 126.60 Td (based ) Tj ET Q q 0 0 0 rg BT 363.33 126.60 Td (on ) Tj ET Q q 0 0 0 rg BT 375.56 126.60 Td (a ) Tj ET Q q 0 0 0 rg BT 382.22 126.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 405.56 126.60 Td (\(8/8ths\) ) Tj ET Q q 0 0 0 rg BT 438.90 126.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 463.63 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 474.19 126.60 Td (which ) Tj ET Q q 0 0 0 rg BT 500.85 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 516.41 126.60 Td (net ) Tj ET Q q 0 0 0 rg BT 530.86 126.60 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.00 114.60 Td (is ) Tj ET Q q 0 0 0 rg BT 91.74 114.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.57 114.60 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 167.92 114.60 Td (T) Tj ET Q q 0 0 0 rg BT 173.33 114.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.10 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 186.67 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.18 114.60 Td (is ) Tj ET Q q 0 0 0 rg BT 213.92 114.60 Td (included ) Tj ET Q q 0 0 0 rg BT 251.42 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.27 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 277.56 114.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 322.28 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.68 114.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 364.52 114.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 378.41 113.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.66 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 384.73 114.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 420.56 114.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 458.61 114.60 Td (by ) Tj ET Q q 0 0 0 rg BT 471.68 114.60 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 501.14 114.60 Td (an ) Tj ET Q q 0 0 0 rg BT 513.65 114.60 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 91.77 102.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 140.70 102.60 Td (consulting ) Tj ET Q q 0 0 0 rg BT 184.09 102.60 Td (firm.In ) Tj ET Q q 0 0 0 rg BT 218.87 102.60 Td (discussing ) Tj ET Q q 0 0 0 rg BT 262.26 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.32 102.60 Td (available ) Tj ET Q q 0 0 0 rg BT 315.14 102.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 329.03 101.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.28 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.01 102.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 370.99 102.60 Td (we ) Tj ET Q q 0 0 0 rg BT 384.38 102.60 Td (make ) Tj ET Q q 0 0 0 rg BT 407.76 102.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 446.67 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.18 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 102.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 492.96 102.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 524.69 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 534.74 102.60 Td (proved ) 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 66.46 90.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 103.96 90.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 141.74 90.60 Td (as ) Tj ET Q q 0 0 0 rg BT 152.59 90.60 Td (this ) Tj ET Q q 0 0 0 rg BT 169.55 90.60 Td (is ) Tj ET Q q 0 0 0 rg BT 178.74 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.48 90.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 225.99 90.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.50 90.60 Td (is ) Tj ET Q q 0 0 0 rg BT 252.69 90.60 Td (available ) Tj ET Q q 0 0 0 rg BT 291.30 90.60 Td (both ) Tj ET Q q 0 0 0 rg BT 311.60 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 325.78 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 341.63 90.60 Td (own ) Tj ET Q q 0 0 0 rg BT 361.37 90.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 392.76 90.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 430.25 90.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 470.54 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.49 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 501.67 90.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 541.96 90.60 Td (users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (who ) Tj ET Q q 0 0 0 rg BT 69.22 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 83.93 78.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 126.98 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.81 78.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 175.30 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.23 78.60 Td (others, ) Tj ET Q q 0 0 0 rg BT 221.67 78.60 Td (as ) Tj ET Q q 0 0 0 rg BT 232.50 78.60 Td (we ) Tj ET Q q 0 0 0 rg BT 246.66 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 261.37 78.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 309.42 78.60 Td (for ) Tj ET Q q 0 0 0 rg BT 323.58 78.60 Td (distributing ) Tj ET Q q 0 0 0 rg BT 372.19 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.91 78.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 412.17 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 426.06 77.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.31 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.81 78.60 Td (production ) Tj ET Q q 0 0 0 rg BT 477.64 78.60 Td (stream.) 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.) 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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 78.15 630.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.24 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 123.34 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 138.99 630.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 170.75 630.60 Td (at ) Tj ET Q q 0 0 0 rg BT 180.28 630.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 214.26 630.60 Td (Dome, ) Tj ET Q q 0 0 0 rg BT 243.52 630.60 Td (we ) Tj ET Q q 0 0 0 rg BT 257.50 630.60 Td (have ) Tj ET Q q 0 0 0 rg BT 278.69 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.23 630.60 Td (capability ) Tj ET Q q 0 0 0 rg BT 334.97 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.07 630.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 376.27 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 391.91 630.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 437.00 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.76 630.60 Td (dehydration ) Tj ET Q q 0 0 0 rg BT 503.84 630.60 Td (capacities, ) Tj ET Q q 0 0 0 rg BT 548.08 630.60 Td (and ) Tj ET Q BT /F1 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BT 549.43 618.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 618.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.97 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 95.67 606.60 Td (current ) Tj ET Q q 0 0 0 rg BT 127.37 606.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 158.51 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.64 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.35 606.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 220.24 605.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.49 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 229.37 606.60 Td (coupled ) Tj ET Q q 0 0 0 rg BT 264.40 606.60 Td (with ) Tj ET Q q 0 0 0 rg BT 285.55 606.60 Td (a ) Tj ET Q q 0 0 0 rg BT 293.36 606.60 Td (risked ) Tj ET Q q 0 0 0 rg BT 321.18 606.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 354.00 606.60 Td (program ) Tj ET Q q 0 0 0 rg BT 391.25 606.60 Td (at ) Tj ET Q q 0 0 0 rg BT 401.84 606.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 436.88 606.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 464.69 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.51 606.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 496.40 605.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 503.02 606.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 541.93 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 606.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 86.31 594.60 Td (from ) Tj ET Q q 0 0 0 rg BT 108.14 594.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 148.30 594.60 Td (sources, ) Tj ET Q q 0 0 0 rg BT 183.17 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 193.34 594.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 226.27 594.60 Td (suf) Tj ET Q q 0 0 0 rg BT 238.31 594.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 266.24 594.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 307.51 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.23 594.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 332.12 593.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.37 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 337.75 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 351.80 594.60 Td (us ) Tj ET Q q 0 0 0 rg BT 363.08 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.24 594.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 407.29 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 423.00 594.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 453.16 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.98 594.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 507.36 594.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 529.74 594.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.40 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 73.73 582.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 94.18 582.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 119.08 582.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 149.25 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.37 582.60 Td (In ) Tj ET Q q 0 0 0 rg BT 161.81 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.15 582.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 204.65 582.60 Td (we ) Tj ET Q q 0 0 0 rg BT 218.43 582.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 249.42 582.60 Td (that ) Tj ET Q q 0 0 0 rg BT 266.53 582.60 Td (once ) Tj ET Q q 0 0 0 rg BT 287.53 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 294.08 582.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 307.98 581.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.23 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.35 582.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 336.57 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 346.47 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 353.03 582.60 Td (field ) Tj ET Q q 0 0 0 rg BT 373.47 582.60 Td (reaches ) Tj ET Q q 0 0 0 rg BT 405.57 582.60 Td (its ) Tj ET Q q 0 0 0 rg BT 417.13 582.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 462.02 582.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 503.01 582.60 Td (limit, ) Tj ET Q q 0 0 0 rg BT 526.52 582.60 Td (we ) Tj ET Q q 0 0 0 rg BT 540.30 582.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (recycle ) Tj ET Q q 0 0 0 rg BT 80.86 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.80 570.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 119.19 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.02 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.73 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.63 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.38 570.60 Td (that ) Tj ET Q q 0 0 0 rg BT 181.87 570.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 216.03 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 226.30 570.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.80 570.60 Td (field) Tj ET Q q 0 0 0 rg BT 264.90 570.60 Td (s ) Tj ET Q q 0 0 0 rg BT 271.29 570.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 309.33 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.27 570.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 353.76 570.60 Td (it ) Tj ET Q q 0 0 0 rg BT 361.82 570.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.98 570.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 389.03 570.60 Td (production ) Tj ET Q q 0 0 0 rg BT 434.86 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.14 570.60 Td (another ) Tj ET Q q 0 0 0 rg BT 477.62 570.60 Td (field) Tj ET Q q 0 0 0 rg BT 498.73 570.60 Td (s ) Tj ET Q q 0 0 0 rg BT 505.12 570.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 536.49 570.60 Td (flood.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (In ) Tj ET Q q 0 0 0 rg BT 79.41 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.20 546.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 117.11 546.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 143.47 546.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 175.09 546.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 236.43 546.60 Td (87% ) Tj ET Q q 0 0 0 rg BT 258.34 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.25 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 287.15 546.60 Td (average ) Tj ET Q q 0 0 0 rg BT 321.82 546.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 345.39 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.28 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.53 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.11 546.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 406.89 546.60 Td (from ) Tj ET Q q 0 0 0 rg BT 429.91 546.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 465.15 546.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 493.17 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 505.07 546.60 Td (captured ) 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 49.50 534.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 90.52 534.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 123.75 534.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.77 534.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.77 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.02 534.60 Td (was ) Tj ET Q q 0 0 0 rg BT 176.81 534.60 Td (used ) Tj ET Q q 0 0 0 rg BT 198.39 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 209.41 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 225.98 534.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 258.10 534.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 296.32 534.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 343.72 534.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 386.38 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.40 534.60 Td (85% ) Tj ET Q q 0 0 0 rg BT 418.98 534.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 534.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 453.24 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.93 534.60 Td (88% ) Tj ET Q q 0 0 0 rg BT 492.50 534.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.52 534.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.52 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 529.27 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 534.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 81.92 522.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 121.01 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 130.68 522.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 175.33 522.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 214.99 522.60 Td (users. ) Tj ET Q q 0 0 0 rg BT 239.93 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.82 522.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.04 522.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.04 522.60 Td (, ) Tj ET Q q 0 0 0 rg BT 296.43 522.60 Td (we ) Tj ET Q q 0 0 0 rg BT 309.98 522.60 Td (used ) Tj ET Q q 0 0 0 rg BT 330.20 522.60 Td (an ) Tj ET Q q 0 0 0 rg BT 341.52 522.60 Td (average ) Tj ET Q q 0 0 0 rg BT 374.50 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.72 522.60 Td (493 ) Tj ET Q q 0 0 0 rg BT 401.60 522.60 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 436.82 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.04 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 460.93 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.18 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.07 522.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 509.06 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 522.96 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.21 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.09 522.60 Td (captured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 510.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 111.71 510.60 Td (sources\) ) Tj ET Q q 0 0 0 rg BT 147.53 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 161.69 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 177.52 510.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 208.89 510.60 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 89.07 486.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 115.63 486.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 130.63 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.88 486.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.00 486.60 Td (Captur) Tj ET Q q 0 0 0 rg BT 166.93 486.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 179.05 486.60 Td (fr) Tj ET Q q 0 0 0 rg BT 186.63 486.60 Td (om ) Tj ET Q q 0 0 0 rg BT 202.08 486.60 Td (Industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.88 486.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.99 486.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 267.37 486.60 Td (ces.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.64 486.60 Td (In ) Tj ET Q q 0 0 0 rg BT 298.09 486.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 332.98 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.88 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 358.33 486.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 388.21 486.60 Td (source ) Tj ET Q q 0 0 0 rg BT 416.43 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.87 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 440.77 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.02 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 448.63 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 462.41 486.60 Td (are ) Tj ET Q q 0 0 0 rg BT 476.74 486.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 514.95 486.60 Td (party ) Tj ET Q q 0 0 0 rg BT 537.61 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 547.51 486.60 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 91.96 474.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.08 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.89 474.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 180.45 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 194.34 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.59 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.62 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 223.09 474.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 263.89 474.60 Td (plants.) Tj ET Q q 0 0 0 rg BT 295.09 474.60 Td (W) Tj ET Q q 0 0 0 rg BT 303.73 474.60 Td (e ) Tj ET Q q 0 0 0 rg BT 311.20 474.60 Td (have ) Tj ET Q q 0 0 0 rg BT 333.10 474.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 376.67 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 390.56 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.81 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 396.83 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 419.30 474.60 Td (an ) Tj ET Q q 0 0 0 rg BT 431.77 474.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 472.57 474.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 503.91 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 514.72 474.60 Td (Port ) Tj ET Q q 0 0 0 rg BT 533.75 474.60 Td (Arthur) Tj ET Q q 0 0 0 rg BT 560.01 474.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 462.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 74.36 462.60 Td (since ) Tj ET Q q 0 0 0 rg BT 96.60 462.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 118.28 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.41 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 155.53 462.60 Td (an ) Tj ET Q q 0 0 0 rg BT 166.66 462.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 206.12 462.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 236.12 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.59 462.60 Td (Geismar) Tj ET Q q 0 0 0 rg BT 279.06 462.60 Td (, ) Tj ET Q q 0 0 0 rg BT 283.25 462.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 324.37 462.60 Td (since ) Tj ET Q q 0 0 0 rg BT 346.60 462.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 370.79 462.60 Td (which ) Tj ET Q q 0 0 0 rg BT 396.91 462.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 434.69 462.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 463.05 462.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 522.49 462.60 Td (63 ) Tj ET Q q 0 0 0 rg BT 534.18 462.60 Td (MMcf/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (d ) Tj ET Q q 0 0 0 rg BT 56.50 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 66.82 450.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 80.71 449.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.96 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.96 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.73 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 111.06 450.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 133.06 450.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 181.66 450.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 231.56 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 236.06 450.60 Td (we ) Tj ET Q q 0 0 0 rg BT 249.71 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 263.92 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 273.69 450.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 308.47 450.60 Td (discussions ) Tj ET Q q 0 0 0 rg BT 356.02 450.60 Td (with ) Tj ET Q q 0 0 0 rg BT 375.80 450.60 Td (other ) Tj ET Q q 0 0 0 rg BT 398.34 450.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 426.99 450.60 Td (who ) Tj ET Q q 0 0 0 rg BT 446.21 450.60 Td (have ) Tj ET Q q 0 0 0 rg BT 467.08 450.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 490.19 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.96 450.60 Td (construct ) Tj ET Q q 0 0 0 rg BT 538.61 450.60 Td (plants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (near ) Tj ET Q q 0 0 0 rg BT 69.46 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 84.44 438.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 111.62 438.60 Td (Pipeline. ) Tj ET Q q 0 0 0 rg BT 149.65 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.41 438.60 Td (In ) Tj ET Q q 0 0 0 rg BT 163.49 438.60 Td (order ) Tj ET Q q 0 0 0 rg BT 187.35 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 197.88 438.60 Td (capture ) Tj ET Q q 0 0 0 rg BT 230.06 438.60 Td (such ) Tj ET Q q 0 0 0 rg BT 251.15 438.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 290.29 438.60 Td (we ) Tj ET Q q 0 0 0 rg BT 304.71 438.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 319.13 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.10 438.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 356.85 438.60 Td (owner\) ) Tj ET Q q 0 0 0 rg BT 387.93 438.60 Td (would ) Tj ET Q q 0 0 0 rg BT 415.68 438.60 Td (need ) Tj ET Q q 0 0 0 rg BT 437.32 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 447.85 438.60 Td (install ) Tj ET Q q 0 0 0 rg BT 475.05 438.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 517.80 438.60 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 426.60 Td (includes, ) Tj ET Q q 0 0 0 rg BT 114.76 426.60 Td (at ) Tj ET Q q 0 0 0 rg BT 124.48 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 131.42 426.60 Td (minimum, ) Tj ET Q q 0 0 0 rg BT 175.31 426.60 Td (compression ) Tj ET Q q 0 0 0 rg BT 228.36 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 245.30 426.60 Td (dehydration ) Tj ET Q q 0 0 0 rg BT 295.56 426.60 Td (facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 88.33 402.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 114.15 402.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 129.15 401.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.40 402.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.77 402.60 Td (Pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.61 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.98 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.26 402.60 Td (W) Tj ET Q q 0 0 0 rg BT 185.90 402.60 Td (e ) Tj ET Q q 0 0 0 rg BT 191.71 402.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 227.52 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.11 402.60 Td (183-mile ) Tj ET Q q 0 0 0 rg BT 278.59 402.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 304.41 402.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 318.30 401.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.55 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 322.93 402.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 356.52 402.60 Td (that ) Tj ET Q q 0 0 0 rg BT 372.89 402.60 Td (runs ) Tj ET Q q 0 0 0 rg BT 391.49 402.60 Td (from ) Tj ET Q q 0 0 0 rg BT 412.30 402.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 445.34 402.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 471.16 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.31 402.60 Td (near ) Tj ET Q q 0 0 0 rg BT 498.89 402.60 Td (Donaldsonville, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 94.19 390.60 Td (as ) Tj ET Q q 0 0 0 rg BT 105.28 390.60 Td (part ) Tj ET Q q 0 0 0 rg BT 123.58 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 134.67 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.65 390.60 Td (2001 ) Tj ET Q q 0 0 0 rg BT 172.40 390.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 219.04 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.13 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 246.22 390.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 280.64 390.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 307.83 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 321.73 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.98 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 327.73 390.60 Td (source.Since ) Tj ET Q q 0 0 0 rg BT 386.31 390.60 Td (2001, ) Tj ET Q q 0 0 0 rg BT 411.56 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 425.98 390.60 Td (have ) Tj ET Q q 0 0 0 rg BT 447.62 390.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 484.80 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 495.89 390.60 Td (constructed ) Tj ET Q q 0 0 0 rg BT 544.74 390.60 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (750 ) Tj ET Q q 0 0 0 rg BT 66.83 378.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 90.82 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.48 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.37 377.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.95 378.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 161.89 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.65 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 189.31 378.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.97 378.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 258.38 378.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.38 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 283.21 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 297.20 378.60 Td (have ) Tj ET Q q 0 0 0 rg BT 318.41 378.60 Td (access ) Tj ET Q q 0 0 0 rg BT 346.27 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 356.38 378.60 Td (over ) Tj ET Q q 0 0 0 rg BT 376.48 378.60 Td (950 ) Tj ET Q q 0 0 0 rg BT 393.81 378.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 417.80 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.46 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 442.35 377.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.60 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.93 378.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 488.87 378.60 Td (which ) Tj ET Q q 0 0 0 rg BT 515.63 378.60 Td (gives ) Tj ET Q q 0 0 0 rg BT 539.07 378.60 Td (us ) Tj ET Q q 0 0 0 rg BT 550.29 378.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.96 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 88.65 366.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 119.32 366.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 133.21 365.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.46 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 139.37 366.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 186.16 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.28 366.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 222.52 366.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 248.21 366.60 Td (region.In ) Tj ET Q q 0 0 0 rg BT 292.49 366.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 328.17 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 338.86 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.98 366.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 381.34 366.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 395.23 365.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.37 366.60 Td (pipeline, ) Tj ET Q q 0 0 0 rg BT 437.99 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.11 366.60 Td (major ) Tj ET Q q 0 0 0 rg BT 479.34 366.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 518.36 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.04 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 366.60 Td (Gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 75.66 354.60 Td (region ) Tj ET Q q 0 0 0 rg BT 104.58 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 120.17 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.76 354.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 156.91 354.60 Td (State ) Tj ET Q q 0 0 0 rg BT 180.28 354.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 216.43 354.60 Td (\(90 ) Tj ET Q q 0 0 0 rg BT 233.14 354.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 264.01 354.60 Td (Delta ) Tj ET Q q 0 0 0 rg BT 289.05 354.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 325.20 354.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 333.16 354.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 346.53 354.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 377.41 354.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 405.21 354.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 441.12 354.60 Td (T) Tj ET Q q 0 0 0 rg BT 446.53 354.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 467.68 354.60 Td (\(120 ) Tj ET Q q 0 0 0 rg BT 489.39 354.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 520.26 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 538.08 354.60 Td (Green ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 84.77 342.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 126.71 342.60 Td (\(200 ) Tj ET Q q 0 0 0 rg BT 147.54 342.60 Td (miles\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 318.60 Td (Completion ) Tj ET Q q 0 0 0 rg BT 117.89 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 129.38 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.76 318.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 172.35 318.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 208.29 318.60 Td (allowed ) Tj ET Q q 0 0 0 rg BT 243.11 318.60 Td (for ) Tj ET Q q 0 0 0 rg BT 257.93 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.32 318.60 Td (first ) Tj ET Q q 0 0 0 rg BT 292.59 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 306.48 317.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.73 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 312.89 318.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 351.05 318.60 Td (into ) Tj ET Q q 0 0 0 rg BT 369.77 318.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 407.93 318.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 434.15 318.60 Td (located ) Tj ET Q q 0 0 0 rg BT 466.19 318.60 Td (near ) Tj ET Q q 0 0 0 rg BT 486.56 318.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 525.89 318.60 Td (T) Tj ET Q q 0 0 0 rg BT 531.30 318.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 554.73 318.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 73.87 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.18 306.60 Td (gives ) Tj ET Q q 0 0 0 rg BT 113.16 306.60 Td (us ) Tj ET Q q 0 0 0 rg BT 123.92 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.01 306.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 165.43 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.08 306.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 204.71 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.60 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.85 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.72 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 233.37 306.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 245.80 306.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 269.88 306.60 Td (all ) Tj ET Q q 0 0 0 rg BT 281.75 306.60 Td (along ) Tj ET Q q 0 0 0 rg BT 305.84 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.92 306.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 340.12 306.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 364.77 306.60 Td (from ) Tj ET Q q 0 0 0 rg BT 386.08 306.60 Td (Baton ) Tj ET Q q 0 0 0 rg BT 411.84 306.60 Td (Rouge, ) Tj ET Q q 0 0 0 rg BT 442.31 306.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 486.12 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 495.35 306.60 Td (Alvin, ) Tj ET Q q 0 0 0 rg BT 522.37 306.60 Td (T) Tj ET Q q 0 0 0 rg BT 527.78 306.60 Td (exas.) Tj ET Q q 0 0 0 rg BT 552.49 306.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.49 294.60 Td (present ) Tj ET Q q 0 0 0 rg BT 96.14 294.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 119.18 294.60 Td (most ) Tj ET Q q 0 0 0 rg BT 141.41 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.51 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.50 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 181.39 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.64 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.41 294.60 Td (flowing ) Tj ET Q q 0 0 0 rg BT 221.29 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.84 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.83 294.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 274.03 294.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 309.58 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 319.02 294.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 359.00 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 381.21 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.20 294.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 430.63 294.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 457.84 294.60 Td (area, ) Tj ET Q q 0 0 0 rg BT 479.76 294.60 Td (but ) Tj ET Q q 0 0 0 rg BT 495.31 294.60 Td (also ) Tj ET Q q 0 0 0 rg BT 514.19 294.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 550.29 294.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 281.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 68.75 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 82.52 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 96.84 282.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 136.15 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 157.70 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.03 282.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 211.92 282.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 248.45 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.34 282.60 Td (Port ) Tj ET Q q 0 0 0 rg BT 276.66 282.60 Td (Arthur) Tj ET Q q 0 0 0 rg BT 302.92 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 307.38 282.60 Td (T) Tj ET Q q 0 0 0 rg BT 312.79 282.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 332.67 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.22 282.60 Td (Geismar) Tj ET Q q 0 0 0 rg BT 382.69 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 387.30 282.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 431.35 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 447.90 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 461.67 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 475.99 282.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 514.19 282.60 Td (transporting ) 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 56.59 270.60 Td (third ) Tj ET Q q 0 0 0 rg BT 78.12 270.60 Td (party) Tj ET Q q 0 0 0 rg BT 101.45 270.60 Td (s ) Tj ET Q q 0 0 0 rg BT 107.99 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 121.88 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.13 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 127.77 270.60 Td (for ) Tj ET Q q 0 0 0 rg BT 142.08 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 149.17 270.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 164.02 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.45 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.32 270.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 211.40 270.60 Td (point ) Tj ET Q q 0 0 0 rg BT 234.61 270.60 Td (at ) Tj ET Q q 0 0 0 rg BT 244.47 270.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 282.12 270.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 310.13 270.60 Td (W) Tj ET Q q 0 0 0 rg BT 318.77 270.60 Td (e ) Tj ET Q q 0 0 0 rg BT 325.86 270.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 364.60 270.60 Td (have ) Tj ET Q q 0 0 0 rg BT 386.12 270.60 Td (ample ) Tj ET Q q 0 0 0 rg BT 413.20 270.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 449.16 270.60 Td (within ) Tj ET Q q 0 0 0 rg BT 477.37 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.23 270.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 519.31 270.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 554.73 270.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (handle ) Tj ET Q q 0 0 0 rg BT 78.66 258.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.15 258.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 157.53 258.60 Td (that ) Tj ET Q q 0 0 0 rg BT 175.03 258.60 Td (may ) Tj ET Q q 0 0 0 rg BT 194.74 258.60 Td (be ) Tj ET Q q 0 0 0 rg BT 206.68 258.60 Td (required ) Tj ET Q q 0 0 0 rg BT 242.50 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 252.78 258.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 286.93 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 302.76 258.60 Td (inventory ) Tj ET Q q 0 0 0 rg BT 343.59 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.42 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 368.31 257.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.56 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 374.06 258.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 396.56 258.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 430.71 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 440.99 258.60 Td (this ) Tj ET Q q 0 0 0 rg BT 457.94 258.60 Td (area.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 234.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 234.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 234.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 128.21 234.60 Td (with ) Tj ET Q q 0 0 0 rg BT 147.93 234.60 Td (T) Tj ET Q q 0 0 0 rg BT 152.58 234.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 182.29 234.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 191.92 234.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 229.42 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.92 234.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 256.55 234.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 277.92 234.60 Td (T) Tj ET Q q 0 0 0 rg BT 282.57 234.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 312.28 234.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 350.32 234.60 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 360.60 234.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 419.19 234.60 Td (2017) Tj ET Q BT /F4 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 210.60 Td (Matur) Tj ET Q q 0 0 0 rg BT 95.09 210.60 Td (e ) Tj ET Q q 0 0 0 rg BT 101.51 210.60 Td (pr) Tj ET Q q 0 0 0 rg BT 111.33 210.60 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.70 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.68 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.66 210.60 Td (Mature ) Tj ET Q q 0 0 0 rg BT 182.52 210.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 224.48 210.60 Td (include ) Tj ET Q q 0 0 0 rg BT 255.90 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 271.21 210.60 Td (longest-producing ) Tj ET Q q 0 0 0 rg BT 345.95 210.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 387.92 210.60 Td (which ) Tj ET Q q 0 0 0 rg BT 414.34 210.60 Td (are ) Tj ET Q q 0 0 0 rg BT 428.52 210.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 467.71 210.60 Td (located ) Tj ET Q q 0 0 0 rg BT 498.56 210.60 Td (along ) Tj ET Q q 0 0 0 rg BT 522.75 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 538.06 210.60 Td (NEJD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.73 198.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 105.03 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 115.89 198.60 Td (southwest ) Tj ET Q q 0 0 0 rg BT 158.98 198.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 207.64 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 225.17 198.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 267.69 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.21 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.63 198.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 322.49 198.60 Td (State ) Tj ET Q q 0 0 0 rg BT 345.57 198.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 381.43 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 392.29 198.60 Td (east ) Tj ET Q q 0 0 0 rg BT 410.93 198.60 Td (Mississippi.) Tj ET Q q 0 0 0 rg BT 463.82 198.60 Td (This ) Tj ET Q q 0 0 0 rg BT 484.69 198.60 Td (group ) Tj ET Q q 0 0 0 rg BT 511.10 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 522.52 198.60 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 85.76 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 102.02 186.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 128.29 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 142.18 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.43 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 148.36 186.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 172.12 186.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 196.72 186.60 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 226.03 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 237.30 186.60 Td (well ) Tj ET Q q 0 0 0 rg BT 257.45 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 268.71 186.60 Td (several ) Tj ET Q q 0 0 0 rg BT 299.96 186.60 Td (other ) Tj ET Q q 0 0 0 rg BT 323.44 186.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 348.59 186.60 Td (\(Brookhaven, ) Tj ET Q q 0 0 0 rg BT 406.24 186.60 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 449.43 186.60 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 485.41 186.60 Td (Lockhart ) Tj ET Q q 0 0 0 rg BT 524.44 186.60 Td (Crossing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 93.21 174.60 Td (Martinville, ) Tj ET Q q 0 0 0 rg BT 143.60 174.60 Td (McComb ) Tj ET Q q 0 0 0 rg BT 184.27 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.61 174.60 Td (Soso ) Tj ET Q q 0 0 0 rg BT 223.95 174.60 Td (fields\).) Tj ET Q q 0 0 0 rg BT 256.82 174.60 Td (These ) Tj ET Q q 0 0 0 rg BT 283.59 174.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 308.70 174.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 352.13 174.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.68 174.60 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.01 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.91 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.13 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 415.36 174.60 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.03 174.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.03 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 458.92 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 472.81 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.06 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 478.96 174.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 501.85 174.60 Td (production ) Tj ET Q q 0 0 0 rg BT 548.07 174.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.64 162.60 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.97 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 127.35 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.06 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 155.76 162.60 Td (year) Tj ET Q q 0 0 0 rg BT 172.77 162.60 Td (-end ) Tj ET Q q 0 0 0 rg BT 193.92 162.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 225.07 162.60 Td (reserves.) Tj ET Q q 0 0 0 rg BT 265.14 162.60 Td (These ) Tj ET Q q 0 0 0 rg BT 292.40 162.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 318.00 162.60 Td (have ) Tj ET Q q 0 0 0 rg BT 340.25 162.60 Td (been ) Tj ET Q q 0 0 0 rg BT 362.51 162.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 406.43 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 421.47 162.60 Td (some ) Tj ET Q q 0 0 0 rg BT 445.96 162.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 469.61 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.43 162.60 Td (their ) Tj ET Q q 0 0 0 rg BT 509.13 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 555.84 162.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.20 150.60 Td (declining.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 126.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 93.06 126.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.23 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.01 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.79 126.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 147.79 126.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 171.13 126.60 Td (is ) Tj ET Q q 0 0 0 rg BT 180.59 126.60 Td (located ) Tj ET Q q 0 0 0 rg BT 212.24 126.60 Td (east ) Tj ET Q q 0 0 0 rg BT 230.57 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.68 126.60 Td (Monroe, ) Tj ET Q q 0 0 0 rg BT 278.63 126.60 Td (Louisiana.In ) Tj ET Q q 0 0 0 rg BT 336.67 126.60 Td (May ) Tj ET Q q 0 0 0 rg BT 357.79 126.60 Td (2006, ) Tj ET Q q 0 0 0 rg BT 383.07 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 397.51 126.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 440.83 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.95 126.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 483.06 126.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 515.28 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.84 126.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 550.84 126.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 66.88 114.60 Td (million.) Tj ET Q q 0 0 0 rg BT 103.09 114.60 Td (W) Tj ET Q q 0 0 0 rg BT 111.73 114.60 Td (e ) Tj ET Q q 0 0 0 rg BT 118.55 114.60 Td (began ) Tj ET Q q 0 0 0 rg BT 144.81 114.60 Td (well ) Tj ET Q q 0 0 0 rg BT 164.41 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.23 114.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 211.94 114.60 Td (development ) Tj ET Q q 0 0 0 rg BT 265.97 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 276.13 114.60 Td (2008 ) Tj ET Q q 0 0 0 rg BT 298.51 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.33 114.60 Td (began ) Tj ET Q q 0 0 0 rg BT 341.59 114.60 Td (delivering ) Tj ET Q q 0 0 0 rg BT 384.52 114.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 398.41 113.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.66 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.04 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.20 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.80 114.60 Td (field ) Tj ET Q q 0 0 0 rg BT 449.51 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.67 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.27 114.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 501.09 114.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 531.79 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 542.51 114.60 Td (2009 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (via ) Tj ET Q q 0 0 0 rg BT 64.26 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 79.01 102.60 Td (Delta ) Tj ET Q q 0 0 0 rg BT 103.21 102.60 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 141.02 102.60 Td (which ) Tj ET Q q 0 0 0 rg BT 168.00 102.60 Td (runs ) Tj ET Q q 0 0 0 rg BT 187.76 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 209.55 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 215.31 102.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 241.73 102.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 264.83 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.15 102.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 299.90 102.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 325.50 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 328.04 102.60 Td (First ) Tj ET Q q 0 0 0 rg BT 348.92 102.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 380.33 102.60 Td (production ) Tj ET Q q 0 0 0 rg BT 426.19 102.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 463.71 102.60 Td (at ) Tj ET Q q 0 0 0 rg BT 473.46 102.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 498.22 102.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 521.31 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 531.63 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.39 102.60 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.64 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.79 90.60 Td (2010.Production ) Tj ET Q q 0 0 0 rg BT 166.00 90.60 Td (from ) Tj ET Q q 0 0 0 rg BT 188.26 90.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 213.29 90.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 236.67 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.27 90.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.31 90.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 289.57 90.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.88 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 320.71 90.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.86 90.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.86 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.68 90.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.58 90.60 Td (4,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.08 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 418.91 90.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 450.34 90.60 Td (up ) Tj ET Q q 0 0 0 rg BT 463.17 90.60 Td (from ) Tj ET Q q 0 0 0 rg BT 485.43 90.60 Td (4,387 ) Tj ET Q q 0 0 0 rg BT 510.75 90.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 539.69 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 90.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 76.44 78.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 107.26 78.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.10 78.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.10 78.60 Td (. ) Tj ET Q q 0 0 0 rg BT 145.60 78.60 Td (During ) Tj ET Q q 0 0 0 rg BT 176.43 78.60 Td (late ) Tj ET Q q 0 0 0 rg BT 193.37 78.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 218.38 78.60 Td (we ) Tj ET Q q 0 0 0 rg BT 232.54 78.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 276.69 78.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 328.63 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 339.46 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.41 78.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 376.67 78.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 392.51 78.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 422.24 78.60 Td (extraction ) Tj ET Q q 0 0 0 rg BT 464.72 78.60 Td (plant, ) Tj ET Q q 0 0 0 rg BT 489.72 78.60 Td (which ) Tj ET Q q 0 0 0 rg BT 516.67 78.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 553.61 78.60 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.50 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 83.95 66.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 111.73 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.73 66.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 137.84 66.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 167.83 66.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 183.39 66.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 212.84 66.60 Td (from ) Tj ET Q q 0 0 0 rg BT 234.51 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 248.95 66.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 288.39 66.60 Td (stream, ) Tj ET Q q 0 0 0 rg BT 319.77 66.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 355.32 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 369.76 66.60 Td (ef) Tj ET Q q 0 0 0 rg BT 377.35 66.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 411.78 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 422.34 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.78 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 450.67 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.92 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 456.15 66.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 481.98 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 498.65 66.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 525.86 66.60 Td (extracted ) 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 49.50 726.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 85.81 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.02 726.60 Td (power ) Tj ET Q q 0 0 0 rg BT 123.44 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.09 726.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 160.52 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 177.40 726.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 206.48 726.60 Td (field ) Tj ET Q q 0 0 0 rg BT 227.23 726.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 267.43 726.60 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 308.46 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 310.90 726.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 328.88 726.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 351.32 726.60 Td (development ) Tj ET Q q 0 0 0 rg BT 405.40 726.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 428.95 726.60 Td (are ) Tj ET Q q 0 0 0 rg BT 443.59 726.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 483.23 726.60 Td (related ) Tj ET Q q 0 0 0 rg BT 512.87 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 523.08 726.60 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (phase ) Tj ET Q q 0 0 0 rg BT 74.77 714.60 Td (development ) Tj ET Q q 0 0 0 rg BT 128.92 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.86 714.60 Td (infill ) Tj ET Q q 0 0 0 rg BT 167.80 714.60 Td (drilling.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 107.15 690.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.31 690.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 173.73 690.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 196.71 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 205.80 690.60 Td (located ) Tj ET Q q 0 0 0 rg BT 237.09 690.60 Td (south ) Tj ET Q q 0 0 0 rg BT 261.18 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.92 690.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 310.56 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 315.97 690.60 Td (exas.) Tj ET Q q 0 0 0 rg BT 341.06 690.60 Td (W) Tj ET Q q 0 0 0 rg BT 349.70 690.60 Td (e ) Tj ET Q q 0 0 0 rg BT 356.55 690.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 393.39 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 400.25 690.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 436.55 690.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 468.40 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 478.60 690.60 Td (this ) Tj ET Q q 0 0 0 rg BT 495.47 690.60 Td (field ) Tj ET Q q 0 0 0 rg BT 516.21 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.41 690.60 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 72.15 678.60 Td (for ) Tj ET Q q 0 0 0 rg BT 86.47 678.60 Td ($247 ) Tj ET Q q 0 0 0 rg BT 109.12 678.60 Td (million.) Tj ET Q q 0 0 0 rg BT 145.33 678.60 Td (W) Tj ET Q q 0 0 0 rg BT 153.97 678.60 Td (e ) Tj ET Q q 0 0 0 rg BT 161.06 678.60 Td (initiated ) Tj ET Q q 0 0 0 rg BT 196.48 678.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.38 677.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.63 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.28 678.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 253.92 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 264.36 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.03 678.60 Td (W) Tj ET Q q 0 0 0 rg BT 287.67 678.60 Td (est ) Tj ET Q q 0 0 0 rg BT 301.43 678.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 339.09 678.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 359.52 678.60 Td (during ) Tj ET Q q 0 0 0 rg BT 388.28 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.15 678.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 430.25 678.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 461.21 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 472.20 678.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 494.85 678.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 517.51 678.60 Td (completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 666.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 126.98 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.81 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.53 666.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 179.46 666.60 Td (Pipeline.Due ) Tj ET Q q 0 0 0 rg BT 238.89 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 249.17 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.88 666.60 Td (lar) Tj ET Q q 0 0 0 rg BT 274.25 666.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 286.19 666.60 Td (vertical ) Tj ET Q q 0 0 0 rg BT 318.67 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 331.73 666.60 Td (column ) Tj ET Q q 0 0 0 rg BT 364.22 666.60 Td (that ) Tj ET Q q 0 0 0 rg BT 381.72 666.60 Td (exists ) Tj ET Q q 0 0 0 rg BT 407.00 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.27 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.99 666.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 455.32 666.60 Td (we ) Tj ET Q q 0 0 0 rg BT 469.48 666.60 Td (are ) Tj ET Q q 0 0 0 rg BT 484.18 666.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 531.12 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.83 666.60 Td (Frio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 87.68 654.60 Td (using ) Tj ET Q q 0 0 0 rg BT 111.99 654.60 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 152.95 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 166.84 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.09 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 172.73 654.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 210.36 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 227.45 654.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 270.64 654.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 294.39 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 308.69 654.60 Td (each ) Tj ET Q q 0 0 0 rg BT 329.65 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.62 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.48 654.60 Td (major ) Tj ET Q q 0 0 0 rg BT 381.45 654.60 Td (sand ) Tj ET Q q 0 0 0 rg BT 402.42 654.60 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 442.00 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 444.45 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 453.09 654.60 Td (e ) Tj ET Q q 0 0 0 rg BT 460.17 654.60 Td (began ) Tj ET Q q 0 0 0 rg BT 486.69 654.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 529.88 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 543.08 654.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 66.08 642.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 89.34 642.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 134.25 642.60 Td (at ) Tj ET Q q 0 0 0 rg BT 144.72 642.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 182.97 642.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 206.79 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 217.82 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.29 642.60 Td (first ) Tj ET Q q 0 0 0 rg BT 252.65 642.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 284.22 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.81 642.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 321.56 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.25 642.60 Td (we ) Tj ET Q q 0 0 0 rg BT 354.17 642.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 386.86 642.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 413.45 642.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 444.47 642.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 476.59 642.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 512.61 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 527.52 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.76 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 551.40 642.60 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 86.09 630.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 105.46 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 114.82 630.60 Td (2012.During ) Tj ET Q q 0 0 0 rg BT 172.24 630.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.05 630.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 212.07 630.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.39 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.98 630.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.89 630.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.89 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 275.98 630.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 306.44 630.60 Td (production ) Tj ET Q q 0 0 0 rg BT 351.36 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 372.38 630.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 408.97 630.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 431.12 630.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.79 630.60 Td (5,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.29 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.88 630.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 523.08 630.60 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.51 618.60 Td (4,552 ) Tj ET Q q 0 0 0 rg BT 86.24 618.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 115.58 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 126.59 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 142.04 618.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 169.70 618.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 201.25 618.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.81 618.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.81 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 236.04 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 257.04 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.49 618.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 308.47 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 319.48 618.60 Td (production ) Tj ET Q q 0 0 0 rg BT 366.03 618.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 397.04 618.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 445.80 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.81 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.26 618.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 495.48 618.60 Td (Fault ) Tj ET Q q 0 0 0 rg BT 519.27 618.60 Td (Block ) Tj ET Q q 0 0 0 rg BT 546.39 618.60 Td (B/C ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 111.42 606.60 Td (project.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (Heidelberg ) Tj ET Q q 0 0 0 rg BT 117.29 582.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.46 582.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 185.70 582.60 Td (g ) Tj ET Q q 0 0 0 rg BT 193.28 582.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 216.42 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 225.67 582.60 Td (located ) Tj ET Q q 0 0 0 rg BT 257.13 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.49 582.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 315.64 582.60 Td (of) Tj ET Q q 0 0 0 rg BT 323.79 582.60 Td (f ) Tj ET Q q 0 0 0 rg BT 329.70 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.62 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.42 582.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 375.77 582.60 Td (State ) Tj ET Q q 0 0 0 rg BT 398.34 582.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 433.70 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.72 582.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 484.97 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.88 582.60 Td (an ) Tj ET Q q 0 0 0 rg BT 507.90 582.60 Td (East ) Tj ET Q q 0 0 0 rg BT 527.70 582.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 548.06 582.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 55.88 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 64.52 570.60 Td (est ) Tj ET Q q 0 0 0 rg BT 77.71 570.60 Td (Unit.Construction ) Tj ET Q q 0 0 0 rg BT 156.75 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.17 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.47 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.36 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.61 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.70 570.60 Td (facility) Tj ET Q q 0 0 0 rg BT 228.38 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 232.96 570.60 Td (connecting ) Tj ET Q q 0 0 0 rg BT 278.93 570.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 313.23 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.76 570.60 Td (well ) Tj ET Q q 0 0 0 rg BT 349.06 570.60 Td (work ) Tj ET Q q 0 0 0 rg BT 371.71 570.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 422.11 570.60 Td (on ) Tj ET Q q 0 0 0 rg BT 434.20 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.35 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 456.99 570.60 Td (est ) Tj ET Q q 0 0 0 rg BT 470.19 570.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 509.43 570.60 Td (g ) Tj ET Q q 0 0 0 rg BT 516.52 570.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 536.39 570.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (2008, ) Tj ET Q q 0 0 0 rg BT 74.35 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 94.48 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 110.15 558.60 Td (first ) Tj ET Q q 0 0 0 rg BT 128.61 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 142.50 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.75 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 148.10 558.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 189.33 558.60 Td (into ) Tj ET Q q 0 0 0 rg BT 207.24 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.80 558.60 Td (Eutaw ) Tj ET Q q 0 0 0 rg BT 249.70 558.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 270.92 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 281.05 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.62 558.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 322.40 558.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 353.07 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.75 558.60 Td (2008.Our ) Tj ET Q q 0 0 0 rg BT 409.15 558.60 Td (first ) Tj ET Q q 0 0 0 rg BT 427.60 558.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 458.82 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 471.73 558.60 Td (production ) Tj ET Q q 0 0 0 rg BT 517.40 558.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 554.73 558.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.35 546.60 Td (second ) Tj ET Q q 0 0 0 rg BT 94.75 546.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 125.70 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.66 546.60 Td (2009, ) Tj ET Q q 0 0 0 rg BT 161.79 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.86 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 193.15 546.60 Td (began ) Tj ET Q q 0 0 0 rg BT 219.66 546.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 256.18 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.03 546.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 314.22 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.10 546.60 Td (T) Tj ET Q q 0 0 0 rg BT 336.85 546.60 Td (uscaloosa ) Tj ET Q q 0 0 0 rg BT 378.36 546.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 403.76 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 414.17 546.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 436.80 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.88 546.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 479.01 546.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 526.67 546.60 Td (.During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.11 534.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 90.95 534.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.26 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 121.66 534.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.39 534.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.39 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 157.28 534.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 188.55 534.60 Td (production ) Tj ET Q q 0 0 0 rg BT 234.27 534.60 Td (at ) Tj ET Q q 0 0 0 rg BT 243.89 534.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 283.13 534.60 Td (g ) Tj ET Q q 0 0 0 rg BT 290.53 534.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 313.48 534.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.96 534.60 Td (4,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.46 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 376.86 534.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 407.87 534.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 449.69 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.87 534.60 Td (4,924 ) Tj ET Q q 0 0 0 rg BT 484.76 534.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 513.28 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 523.45 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 534.60 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.83 522.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.17 522.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.17 522.60 Td (.Our ) Tj ET Q q 0 0 0 rg BT 138.23 522.60 Td (future ) Tj ET Q q 0 0 0 rg BT 165.12 522.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 189.24 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.91 522.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 243.16 522.60 Td (g ) Tj ET Q q 0 0 0 rg BT 251.17 522.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 274.74 522.60 Td (include ) Tj ET Q q 0 0 0 rg BT 307.18 522.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 349.63 522.60 Td (development ) Tj ET Q q 0 0 0 rg BT 404.29 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.63 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.86 522.60 Td (East ) Tj ET Q q 0 0 0 rg BT 451.09 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 468.32 522.60 Td (W) Tj ET Q q 0 0 0 rg BT 476.96 522.60 Td (est ) Tj ET Q q 0 0 0 rg BT 491.08 522.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 530.32 522.60 Td (g ) Tj ET Q q 0 0 0 rg BT 538.33 522.60 Td (Units, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (including ) Tj ET Q q 0 0 0 rg BT 89.80 510.60 Td (an ) Tj ET Q q 0 0 0 rg BT 101.76 510.60 Td (expansion ) Tj ET Q q 0 0 0 rg BT 144.82 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.68 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.35 510.60 Td (T) Tj ET Q q 0 0 0 rg BT 177.10 510.60 Td (uscaloosa ) Tj ET Q q 0 0 0 rg BT 218.50 510.60 Td (development ) Tj ET Q q 0 0 0 rg BT 272.67 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.64 510.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 332.71 510.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 354.11 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.07 510.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 421.37 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 431.67 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 447.52 510.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 461.41 509.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.66 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 467.18 510.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 494.71 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 505.56 510.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 539.75 510.60 Td (zones ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.48 498.60 Td (better ) Tj ET Q q 0 0 0 rg BT 84.45 498.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 109.42 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.84 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.73 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.98 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.19 498.60 Td (through ) Tj ET Q q 0 0 0 rg BT 176.50 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.92 498.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 215.89 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 232.54 498.60 Td (optimize ) Tj ET Q q 0 0 0 rg BT 269.73 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 282.49 498.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 319.67 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 341.32 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.74 498.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 378.77 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 393.19 498.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 428.16 498.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 456.48 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.01 498.60 Td (which ) Tj ET Q q 0 0 0 rg BT 493.66 498.60 Td (will ) Tj ET Q q 0 0 0 rg BT 511.42 498.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 542.50 498.60 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (future ) Tj ET Q q 0 0 0 rg BT 75.55 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 88.27 486.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 114.32 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 124.82 486.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 155.87 486.60 Td (development ) Tj ET Q q 0 0 0 rg BT 209.69 486.60 Td (plans. ) Tj ET Q q 0 0 0 rg BT 235.47 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 237.64 486.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 255.36 486.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 277.53 486.60 Td (development ) Tj ET Q q 0 0 0 rg BT 331.35 486.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 354.63 486.60 Td (are ) Tj ET Q q 0 0 0 rg BT 369.01 486.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 408.39 486.60 Td (related ) Tj ET Q q 0 0 0 rg BT 437.76 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 447.71 486.60 Td (conformance ) Tj ET Q q 0 0 0 rg BT 502.08 486.60 Td (work ) Tj ET Q q 0 0 0 rg BT 524.80 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 535.30 486.60 Td (behind ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (pipe ) Tj ET Q q 0 0 0 rg BT 69.22 474.60 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 126.99 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.93 474.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 180.86 474.60 Td (improvements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (Oyster) Tj ET Q q 0 0 0 rg BT 96.20 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.38 450.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 127.80 450.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.96 450.60 Td () Tj ET Q q 0 0 0 rg BT 156.78 450.60 Td (W) Tj ET Q q 0 0 0 rg BT 165.42 450.60 Td (e ) Tj ET Q q 0 0 0 rg BT 172.04 450.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 208.65 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.27 450.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 251.34 450.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.95 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 292.92 450.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 321.76 450.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 350.05 450.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 372.79 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 382.76 450.60 Td (2007. ) Tj ET Q q 0 0 0 rg BT 407.44 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 409.47 450.60 Td (The ) Tj ET Q q 0 0 0 rg BT 427.20 450.60 Td (field ) Tj ET Q q 0 0 0 rg BT 447.71 450.60 Td (is ) Tj ET Q q 0 0 0 rg BT 456.56 450.60 Td (located ) Tj ET Q q 0 0 0 rg BT 487.62 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 497.58 450.60 Td (southeast ) Tj ET Q q 0 0 0 rg BT 536.82 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 450.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (east ) Tj ET Q q 0 0 0 rg BT 66.94 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.16 438.60 Td (Galveston ) Tj ET Q q 0 0 0 rg BT 119.60 438.60 Td (Bay) Tj ET Q q 0 0 0 rg BT 135.06 438.60 Td (, ) Tj ET Q q 0 0 0 rg BT 139.45 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.78 438.60 Td (is ) Tj ET Q q 0 0 0 rg BT 164.34 438.60 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 206.78 438.60 Td (unique ) Tj ET Q q 0 0 0 rg BT 235.89 438.60 Td (when ) Tj ET Q q 0 0 0 rg BT 259.44 438.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 300.76 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.43 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 325.65 438.60 Td (other ) Tj ET Q q 0 0 0 rg BT 348.09 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.98 437.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.23 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.12 438.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 389.02 438.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 422.56 438.60 Td (because ) Tj ET Q q 0 0 0 rg BT 456.10 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.21 438.60 Td (field ) Tj ET Q q 0 0 0 rg BT 490.43 438.60 Td (covers ) Tj ET Q q 0 0 0 rg BT 518.42 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 524.75 438.60 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (small ) Tj ET Q q 0 0 0 rg BT 73.79 426.60 Td (area ) Tj ET Q q 0 0 0 rg BT 93.07 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.03 426.60 Td (3,912 ) Tj ET Q q 0 0 0 rg BT 129.15 426.60 Td (acres. ) Tj ET Q q 0 0 0 rg BT 154.82 426.60 Td () Tj ET Q q 0 0 0 rg BT 157.14 426.60 Td (W) Tj ET Q q 0 0 0 rg BT 165.78 426.60 Td (e ) Tj ET Q q 0 0 0 rg BT 172.84 426.60 Td (began ) Tj ET Q q 0 0 0 rg BT 199.35 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 213.24 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.49 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 219.12 426.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 260.63 426.60 Td (into ) Tj ET Q q 0 0 0 rg BT 278.81 426.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 308.10 426.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 336.84 426.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 360.02 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 370.43 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.28 426.60 Td (second ) Tj ET Q q 0 0 0 rg BT 415.67 426.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 446.62 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.58 426.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 482.70 426.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 533.64 426.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (production ) Tj ET Q q 0 0 0 rg BT 94.72 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.40 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.51 414.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 144.85 414.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 175.06 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.29 414.60 Td (201) Tj ET Q q 0 0 0 rg BT 199.92 414.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 206.81 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 228.15 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.26 414.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 260.41 414.60 Td (A-1 ) Tj ET Q q 0 0 0 rg BT 277.86 414.60 Td (zone, ) Tj ET Q q 0 0 0 rg BT 301.13 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.47 414.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 348.80 414.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 374.03 414.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 403.70 414.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 434.46 414.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 469.12 414.60 Td (for ) Tj ET Q q 0 0 0 rg BT 482.68 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.79 414.60 Td (field ) Tj ET Q q 0 0 0 rg BT 517.01 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.69 414.60 Td (2012.In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 74.79 402.60 Td (we ) Tj ET Q q 0 0 0 rg BT 89.23 402.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 133.67 402.60 Td (development ) Tj ET Q q 0 0 0 rg BT 188.10 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.22 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.22 402.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 233.06 402.60 Td (A-2 ) Tj ET Q q 0 0 0 rg BT 251.40 402.60 Td (zone. ) Tj ET Q q 0 0 0 rg BT 275.56 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 278.35 402.60 Td (During ) Tj ET Q q 0 0 0 rg BT 309.46 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.47 402.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 351.69 402.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 382.79 402.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.91 402.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.91 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 419.19 402.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 450.85 402.60 Td (production ) Tj ET Q q 0 0 0 rg BT 496.96 402.60 Td (at ) Tj ET Q q 0 0 0 rg BT 506.96 402.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 536.41 402.60 Td (Bayou ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 73.18 390.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 390.60 Td (4,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.89 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.02 390.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 169.76 390.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 212.31 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 223.22 390.60 Td (4,988 ) Tj ET Q q 0 0 0 rg BT 248.85 390.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 278.09 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 289.00 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.34 390.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 331.90 390.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 363.35 390.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 390.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 390.60 Td (. ) Tj ET Q q 0 0 0 rg BT 400.43 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 403.56 390.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 450.57 390.60 Td (from ) Tj ET Q q 0 0 0 rg BT 473.13 390.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 502.92 390.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 532.15 390.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 555.84 390.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (believed ) Tj ET Q q 0 0 0 rg BT 85.47 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.34 378.60 Td (have ) Tj ET Q q 0 0 0 rg BT 116.32 378.60 Td (peaked ) Tj ET Q q 0 0 0 rg BT 146.73 378.60 Td (during ) Tj ET Q q 0 0 0 rg BT 174.93 378.60 Td (2015; ) Tj ET Q q 0 0 0 rg BT 199.81 378.60 Td (however) Tj ET Q q 0 0 0 rg BT 233.83 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 238.43 378.60 Td (production ) Tj ET Q q 0 0 0 rg BT 283.85 378.60 Td (during ) Tj ET Q q 0 0 0 rg BT 312.06 378.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 334.15 378.60 Td (is ) Tj ET Q q 0 0 0 rg BT 342.92 378.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 381.11 378.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 418.74 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 428.61 378.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.46 378.60 Td (slightly ) Tj ET Q q 0 0 0 rg BT 495.56 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 517.10 378.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 539.19 378.60 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (due ) Tj ET Q q 0 0 0 rg BT 66.44 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 366.60 Td (recycle ) Tj ET Q q 0 0 0 rg BT 108.08 366.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 138.90 366.60 Td (expansion ) Tj ET Q q 0 0 0 rg BT 181.95 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 192.22 366.60 Td (late ) Tj ET Q q 0 0 0 rg BT 209.16 366.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 231.66 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.60 366.60 Td (early ) Tj ET Q q 0 0 0 rg BT 271.08 366.60 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (T) Tj ET Q q 0 0 0 rg BT 73.99 342.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 101.30 342.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.46 342.60 Td () Tj ET Q q 0 0 0 rg BT 130.28 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 138.92 342.60 Td (e ) Tj ET Q q 0 0 0 rg BT 146.21 342.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 183.29 342.60 Td (T) Tj ET Q q 0 0 0 rg BT 189.05 342.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 215.79 342.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 239.21 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 249.84 342.60 Td (2006. ) Tj ET Q q 0 0 0 rg BT 275.20 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.85 342.60 Td (This ) Tj ET Q q 0 0 0 rg BT 298.49 342.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 346.92 342.60 Td (field ) Tj ET Q q 0 0 0 rg BT 368.10 342.60 Td (was ) Tj ET Q q 0 0 0 rg BT 386.51 342.60 Td (discovered ) Tj ET Q q 0 0 0 rg BT 432.68 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.98 342.60 Td (first ) Tj ET Q q 0 0 0 rg BT 468.94 342.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 512.90 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 523.53 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.61 342.60 Td (1930s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 76.16 330.60 Td (separated ) Tj ET Q q 0 0 0 rg BT 116.69 330.60 Td (by ) Tj ET Q q 0 0 0 rg BT 129.46 330.60 Td (dif) Tj ET Q q 0 0 0 rg BT 140.39 330.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 166.48 330.60 Td (fault ) Tj ET Q q 0 0 0 rg BT 187.58 330.60 Td (blocks.) Tj ET Q q 0 0 0 rg BT 220.64 330.60 Td (As ) Tj ET Q q 0 0 0 rg BT 234.52 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.97 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.96 330.60 Td (case ) Tj ET Q q 0 0 0 rg BT 278.94 330.60 Td (with ) Tj ET Q q 0 0 0 rg BT 299.50 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.49 330.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 351.15 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.25 330.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 387.24 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.79 330.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 448.44 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 454.20 330.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 480.86 330.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 504.19 330.60 Td (produces ) Tj ET Q q 0 0 0 rg BT 543.06 330.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.76 318.60 Td (reservoirs.Our ) Tj ET Q q 0 0 0 rg BT 151.17 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 165.06 317.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.31 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.24 318.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 211.92 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 225.41 318.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 263.31 318.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 307.89 318.60 Td (at ) Tj ET Q q 0 0 0 rg BT 317.83 318.60 Td (T) Tj ET Q q 0 0 0 rg BT 323.58 318.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 350.40 318.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 373.89 318.60 Td (have ) Tj ET Q q 0 0 0 rg BT 395.69 318.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 415.29 318.60 Td (far ) Tj ET Q q 0 0 0 rg BT 429.32 318.60 Td (tar) Tj ET Q q 0 0 0 rg BT 439.68 318.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 464.27 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.20 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 487.84 318.60 Td (oodruf) Tj ET Q q 0 0 0 rg BT 514.32 318.60 Td (f ) Tj ET Q q 0 0 0 rg BT 520.58 318.60 Td (formation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (although ) Tj ET Q q 0 0 0 rg BT 86.99 306.60 Td (there ) Tj ET Q q 0 0 0 rg BT 109.48 306.60 Td (is ) Tj ET Q q 0 0 0 rg BT 118.65 306.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 161.14 306.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 198.63 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.90 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.62 306.60 Td (Perry ) Tj ET Q q 0 0 0 rg BT 247.78 306.60 Td (sandstone ) Tj ET Q q 0 0 0 rg BT 289.72 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.65 306.60 Td (other ) Tj ET Q q 0 0 0 rg BT 329.70 306.60 Td (smaller ) Tj ET Q q 0 0 0 rg BT 361.63 306.60 Td (reservoirs.) Tj ET Q q 0 0 0 rg BT 408.38 306.60 Td (W) Tj ET Q q 0 0 0 rg BT 417.02 306.60 Td (e ) Tj ET Q q 0 0 0 rg BT 423.96 306.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 474.76 306.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 506.14 306.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.19 306.60 Td (production ) 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 72.03 294.60 Td (T) Tj ET Q q 0 0 0 rg BT 77.78 294.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 105.00 294.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 128.89 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.00 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.54 294.60 Td (second ) Tj ET Q q 0 0 0 rg BT 186.64 294.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 218.29 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.95 294.60 Td (2008 ) Tj ET Q q 0 0 0 rg BT 253.28 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.05 294.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 324.93 294.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 369.91 294.60 Td (development ) Tj ET Q q 0 0 0 rg BT 424.89 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.55 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.86 294.60 Td (W) Tj ET Q q 0 0 0 rg BT 460.49 294.60 Td (oodruf) Tj ET Q q 0 0 0 rg BT 486.97 294.60 Td (f ) Tj ET Q q 0 0 0 rg BT 493.63 294.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 536.40 294.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (2014.During ) Tj ET Q q 0 0 0 rg BT 107.86 282.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.62 282.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 149.59 282.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.90 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 180.44 282.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.30 282.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.30 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 216.34 282.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 247.74 282.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 260.83 282.60 Td (production ) Tj ET Q q 0 0 0 rg BT 306.69 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 328.67 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.42 282.60 Td (field ) Tj ET Q q 0 0 0 rg BT 364.28 282.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.89 282.60 Td (6,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.39 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 427.93 282.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 459.08 282.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 501.04 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.35 282.60 Td (6,786 ) Tj ET Q q 0 0 0 rg BT 536.38 282.60 Td (Bbls/d ) Tj ET Q BT /F1 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 59.38 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 73.71 270.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 100.25 270.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 130.67 270.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.11 270.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.11 270.60 Td (. ) Tj ET Q q 0 0 0 rg BT 165.71 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.36 270.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 207.24 270.60 Td (production ) Tj ET Q q 0 0 0 rg BT 252.67 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 274.06 270.60 Td (T) Tj ET Q q 0 0 0 rg BT 279.82 270.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 305.81 270.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 328.48 270.60 Td (is ) Tj ET Q q 0 0 0 rg BT 337.25 270.60 Td (believed ) Tj ET Q q 0 0 0 rg BT 373.23 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.11 270.60 Td (have ) Tj ET Q q 0 0 0 rg BT 404.10 270.60 Td (peaked ) Tj ET Q q 0 0 0 rg BT 434.52 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.40 270.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 469.01 270.60 Td (we ) Tj ET Q q 0 0 0 rg BT 482.77 270.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 519.31 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 529.20 270.60 Td (evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 258.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 113.38 258.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 159.76 258.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 215.04 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 225.32 258.60 Td (this ) Tj ET Q q 0 0 0 rg BT 242.27 258.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 265.60 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 268.11 258.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 286.16 258.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 308.67 258.60 Td (development ) Tj ET Q q 0 0 0 rg BT 362.82 258.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 386.43 258.60 Td (are ) Tj ET Q q 0 0 0 rg BT 401.14 258.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 440.86 258.60 Td (related ) Tj ET Q q 0 0 0 rg BT 470.56 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.85 258.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 540.56 258.60 Td (at ) Tj ET Q q 0 0 0 rg BT 550.28 258.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (recycle ) Tj ET Q q 0 0 0 rg BT 79.79 246.60 Td (facility) Tj ET Q q 0 0 0 rg BT 107.46 246.60 Td (. ) Tj ET Q q 0 0 0 rg BT 111.38 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.80 246.60 Td (In ) Tj ET Q q 0 0 0 rg BT 122.56 246.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 156.75 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 165.96 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 180.71 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 194.60 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.85 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 199.27 246.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 220.70 246.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 243.23 246.60 Td (at ) Tj ET Q q 0 0 0 rg BT 251.77 246.60 Td (T) Tj ET Q q 0 0 0 rg BT 257.52 246.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 282.83 246.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 307.31 246.60 Td (during ) Tj ET Q q 0 0 0 rg BT 334.84 246.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 356.27 246.60 Td (we ) Tj ET Q q 0 0 0 rg BT 369.35 246.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 387.99 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.19 246.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 431.93 246.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 460.55 246.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 509.74 246.60 Td (opportunities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 67.54 234.60 Td (exist ) Tj ET Q q 0 0 0 rg BT 89.47 234.60 Td (across ) Tj ET Q q 0 0 0 rg BT 117.51 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.77 234.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 156.64 234.60 Td (specifically ) Tj ET Q q 0 0 0 rg BT 205.77 234.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 261.59 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 272.41 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 287.67 234.60 Td (Perry ) Tj ET Q q 0 0 0 rg BT 312.38 234.60 Td (Sand ) Tj ET Q q 0 0 0 rg BT 335.42 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.90 234.60 Td (Cotton ) Tj ET Q q 0 0 0 rg BT 382.95 234.60 Td (V) Tj ET Q q 0 0 0 rg BT 389.07 234.60 Td (alley ) Tj ET Q q 0 0 0 rg BT 411.55 234.60 Td (horizons ) Tj ET Q q 0 0 0 rg BT 449.03 234.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.40 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.66 234.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 545.37 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 233.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 72.00 222.60 Td (flood.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.95 198.60 Td (est ) Tj ET Q q 0 0 0 rg BT 91.40 198.60 Td (Y) Tj ET Q q 0 0 0 rg BT 97.52 198.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 123.01 198.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 134.49 198.60 Td (eek ) Tj ET Q q 0 0 0 rg BT 152.21 198.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.38 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.66 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.70 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 191.34 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 199.06 198.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 236.77 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 253.38 198.60 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 309.41 198.60 Td (working ) Tj ET Q q 0 0 0 rg BT 346.02 198.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 378.74 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 389.56 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 398.20 198.60 Td (est ) Tj ET Q q 0 0 0 rg BT 412.10 198.60 Td (Y) Tj ET Q q 0 0 0 rg BT 418.32 198.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 443.82 198.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 470.98 198.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 494.82 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 505.88 198.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 554.73 198.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (March ) Tj ET Q q 0 0 0 rg BT 78.08 186.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 100.55 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 114.69 186.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 174.93 186.60 Td ($16 ) Tj ET Q q 0 0 0 rg BT 192.40 186.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 226.27 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 233.19 186.60 Td (field ) Tj ET Q q 0 0 0 rg BT 253.99 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 264.24 186.60 Td (which ) Tj ET Q q 0 0 0 rg BT 291.16 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.85 186.60 Td (operator ) Tj ET Q q 0 0 0 rg BT 341.65 186.60 Td (has ) Tj ET Q q 0 0 0 rg BT 357.45 186.60 Td (invested ) Tj ET Q q 0 0 0 rg BT 393.26 186.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 437.94 186.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 467.07 186.60 Td (converting ) Tj ET Q q 0 0 0 rg BT 512.31 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.01 186.60 Td (field ) Tj ET Q q 0 0 0 rg BT 547.81 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 558.06 186.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.29 174.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 91.95 174.60 Td (flood. ) Tj ET Q q 0 0 0 rg BT 118.21 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.28 174.60 Td (As ) Tj ET Q q 0 0 0 rg BT 134.05 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.03 174.60 Td (December ) Tj ET Q q 0 0 0 rg BT 188.77 174.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 203.92 174.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 229.08 174.60 Td (we ) Tj ET Q q 0 0 0 rg BT 243.39 174.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 275.48 174.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 301.47 174.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 331.89 174.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 363.41 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 376.62 174.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 412.04 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.02 174.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 483.43 174.60 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 498.59 174.60 Td (MMBbls, ) Tj ET Q q 0 0 0 rg BT 539.86 174.60 Td (net ) Tj ET Q q 0 0 0 rg BT 554.73 174.60 Td (to ) 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 65.37 162.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 99.85 162.60 Td (with ) Tj ET Q q 0 0 0 rg BT 120.17 162.60 Td (first ) Tj ET Q q 0 0 0 rg BT 138.83 162.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 170.24 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 216.11 162.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 254.19 162.60 Td (from ) Tj ET Q q 0 0 0 rg BT 276.17 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 290.93 162.60 Td (field ) Tj ET Q q 0 0 0 rg BT 311.80 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.12 162.60 Td (early ) Tj ET Q q 0 0 0 rg BT 344.65 162.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 369.70 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 372.24 162.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 428.66 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.53 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 454.29 162.60 Td (field ) Tj ET Q q 0 0 0 rg BT 475.16 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 484.37 162.60 Td (ongoing, ) Tj ET Q q 0 0 0 rg BT 522.20 162.60 Td (with ) Tj ET Q q 0 0 0 rg BT 542.52 162.60 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (development ) Tj ET Q q 0 0 0 rg BT 104.70 150.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 129.35 150.60 Td (including ) Tj ET Q q 0 0 0 rg BT 170.67 150.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 213.66 150.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 246.07 150.60 Td (development ) Tj ET Q q 0 0 0 rg BT 301.27 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 313.15 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.91 150.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 355.79 150.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 398.77 150.60 Td (within ) Tj ET Q q 0 0 0 rg BT 427.88 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.64 150.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 468.01 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 486.00 150.60 Td (development ) Tj ET Q q 0 0 0 rg BT 541.20 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 553.07 150.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.66 138.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 135.26 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 146.21 138.60 Td (future ) Tj ET Q q 0 0 0 rg BT 173.26 138.60 Td (periods. ) Tj ET Q q 0 0 0 rg BT 208.37 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 211.54 138.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 239.15 138.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 262.32 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 278.82 138.60 Td (current ) Tj ET Q q 0 0 0 rg BT 310.31 138.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 363.45 138.60 Td (with ) Tj ET Q q 0 0 0 rg BT 384.40 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.78 138.60 Td (operator ) Tj ET Q q 0 0 0 rg BT 436.27 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.77 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.16 138.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 487.15 138.60 Td (we ) Tj ET Q q 0 0 0 rg BT 501.98 138.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 519.04 138.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 532.93 137.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.18 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 539.35 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 138.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (operator ) Tj ET Q q 0 0 0 rg BT 85.32 126.60 Td (for ) Tj ET Q q 0 0 0 rg BT 99.48 126.60 Td (a ) Tj ET Q q 0 0 0 rg BT 106.41 126.60 Td (fee.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (Futur) Tj ET Q q 0 0 0 rg BT 71.91 102.60 Td (e ) Tj ET Q q 0 0 0 rg BT 78.85 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 83.49 102.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 113.21 102.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 122.83 102.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 157.55 102.60 Td (with ) Tj ET Q q 0 0 0 rg BT 177.28 102.60 Td (No ) Tj ET Q q 0 0 0 rg BT 191.45 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 196.09 102.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 225.81 102.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 235.44 102.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 272.93 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 284.32 102.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 293.95 102.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 315.33 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 319.97 102.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 349.69 102.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 387.73 102.60 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 398.01 102.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 456.59 102.60 Td (2017) Tj ET Q BT /F4 10.00 Tf ET BT /F2 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 76.95 78.60 Td (ebster) Tj ET Q q 0 0 0 rg BT 102.87 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 105.36 78.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 132.02 78.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.51 78.60 Td (W) Tj ET Q q 0 0 0 rg BT 143.15 78.60 Td (e ) Tj ET Q q 0 0 0 rg BT 150.08 78.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 186.99 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.82 78.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.74 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 244.83 78.60 Td (W) Tj ET Q q 0 0 0 rg BT 253.47 78.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 279.84 78.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 302.89 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 313.16 78.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 338.15 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.47 78.60 Td (The ) Tj ET Q q 0 0 0 rg BT 358.51 78.60 Td (field ) Tj ET Q q 0 0 0 rg BT 379.32 78.60 Td (is ) Tj ET Q q 0 0 0 rg BT 388.49 78.60 Td (located ) Tj ET Q q 0 0 0 rg BT 419.85 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 429.94 78.60 Td (T) Tj ET Q q 0 0 0 rg BT 435.35 78.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 458.11 78.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 518.37 78.60 Td (eight ) Tj ET Q q 0 0 0 rg BT 540.85 78.60 Td (miles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (northeast ) Tj ET Q q 0 0 0 rg BT 88.77 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.72 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 115.67 66.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 153.29 66.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 176.47 66.60 Td (which ) Tj ET Q q 0 0 0 rg BT 203.53 66.60 Td (we ) Tj ET Q q 0 0 0 rg BT 217.81 66.60 Td (are ) Tj ET Q q 0 0 0 rg BT 232.63 66.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 271.35 66.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 307.85 66.60 Td (with ) Tj ET Q q 0 0 0 rg BT 328.25 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 342.14 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.39 66.60 Td (. ) Tj ET Q q 0 0 0 rg BT 350.51 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 352.55 66.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.17 66.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 423.88 66.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.88 66.60 Td (, ) Tj ET Q q 0 0 0 rg BT 448.81 66.60 Td (W) Tj ET Q q 0 0 0 rg BT 457.45 66.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 483.94 66.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 507.12 66.60 Td (had ) Tj ET Q q 0 0 0 rg BT 524.18 66.60 Td (estimated ) 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 (proved ) Tj ET Q q 0 0 0 rg BT 80.07 726.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 130.07 726.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 165.63 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.76 726.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 237.32 726.60 Td (2.1 ) Tj ET Q q 0 0 0 rg BT 252.62 726.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 295.70 726.60 Td (net ) Tj ET Q q 0 0 0 rg BT 310.72 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.30 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 337.43 726.60 Td (interest.During ) Tj ET Q q 0 0 0 rg BT 405.49 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.51 726.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 447.75 726.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 478.87 726.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 726.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 515.30 726.60 Td (non-tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 96.72 714.60 Td (at ) Tj ET Q q 0 0 0 rg BT 107.56 714.60 Td (W) Tj ET Q q 0 0 0 rg BT 116.20 714.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 143.97 714.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 168.43 714.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 208.41 714.60 Td (834 ) Tj ET Q q 0 0 0 rg BT 227.31 714.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 261.49 714.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 304.81 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 316.49 714.60 Td (828 ) Tj ET Q q 0 0 0 rg BT 335.39 714.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 367.07 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 378.75 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.86 714.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 423.20 714.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 455.41 714.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.64 714.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.64 714.60 Td (.) Tj ET Q q 0 0 0 rg BT 494.96 714.60 Td (W) Tj ET Q q 0 0 0 rg BT 503.60 714.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 531.38 714.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 555.83 714.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (geologically ) Tj ET Q q 0 0 0 rg BT 101.97 702.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 132.79 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 143.62 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 159.99 702.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 198.04 702.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 224.14 702.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 267.74 702.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 281.34 702.60 Td (from ) Tj ET Q q 0 0 0 rg BT 303.82 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.08 702.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 338.80 702.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 360.72 702.60 Td (at ) Tj ET Q q 0 0 0 rg BT 370.99 702.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 401.81 702.60 Td (depths; ) Tj ET Q q 0 0 0 rg BT 433.74 702.60 Td (as ) Tj ET Q q 0 0 0 rg BT 445.11 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 452.60 702.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 480.36 702.60 Td (we ) Tj ET Q q 0 0 0 rg BT 495.07 702.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 526.99 702.60 Td (it ) Tj ET Q q 0 0 0 rg BT 535.59 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 545.30 702.60 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 76.25 690.60 Td (for ) Tj ET Q q 0 0 0 rg BT 90.77 690.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.66 689.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.91 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.77 690.60 Td (EOR. ) Tj ET Q q 0 0 0 rg BT 136.13 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.99 690.60 Td (In ) Tj ET Q q 0 0 0 rg BT 150.19 690.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 175.55 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 190.07 690.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 234.58 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 241.88 690.60 Td (nine-mile ) Tj ET Q q 0 0 0 rg BT 283.06 690.60 Td (lateral ) Tj ET Q q 0 0 0 rg BT 310.90 690.60 Td (between ) Tj ET Q q 0 0 0 rg BT 347.08 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.16 690.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 389.45 690.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 425.08 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.18 690.60 Td (W) Tj ET Q q 0 0 0 rg BT 450.81 690.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 477.55 690.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 503.47 690.60 Td (which ) Tj ET Q q 0 0 0 rg BT 530.77 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 545.29 690.60 Td (plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (will ) Tj ET Q q 0 0 0 rg BT 68.69 678.60 Td (eventually ) Tj ET Q q 0 0 0 rg BT 113.98 678.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 145.37 678.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 159.27 677.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.51 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.15 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.56 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.41 678.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 217.87 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 221.24 678.60 Td (The ) Tj ET Q q 0 0 0 rg BT 240.42 678.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 270.17 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.14 678.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 296.03 677.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.28 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.91 678.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 345.43 678.60 Td (at ) Tj ET Q q 0 0 0 rg BT 356.02 678.60 Td (W) Tj ET Q q 0 0 0 rg BT 364.65 678.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 392.17 678.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 416.36 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 426.66 678.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 467.51 678.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 512.23 678.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 535.87 678.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 96.99 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 113.92 666.60 Td (future ) Tj ET Q q 0 0 0 rg BT 140.30 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 153.36 666.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (Conr) Tj ET Q q 0 0 0 rg BT 89.54 642.60 Td (oe ) Tj ET Q q 0 0 0 rg BT 100.26 642.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.43 642.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 160.15 642.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 184.49 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 199.10 642.60 Td (lar) Tj ET Q q 0 0 0 rg BT 209.47 642.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 226.86 642.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 263.13 642.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 293.29 642.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 315.68 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.74 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.24 642.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 357.86 642.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 381.92 642.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 411.25 642.60 Td (is ) Tj ET Q q 0 0 0 rg BT 419.20 642.60 Td (located ) Tj ET Q q 0 0 0 rg BT 449.36 642.60 Td (north ) Tj ET Q q 0 0 0 rg BT 471.75 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.36 642.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 518.94 642.60 Td (T) Tj ET Q q 0 0 0 rg BT 524.35 642.60 Td (exas.) Tj ET Q q 0 0 0 rg BT 549.44 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 642.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.53 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 93.58 630.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 130.07 630.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 162.11 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.49 630.60 Td (this ) Tj ET Q q 0 0 0 rg BT 189.55 630.60 Td (field ) Tj ET Q q 0 0 0 rg BT 210.48 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.87 630.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 243.47 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 257.74 630.60 Td ($271 ) Tj ET Q q 0 0 0 rg BT 280.35 630.60 Td (million ) Tj ET Q q 0 0 0 rg BT 311.85 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.23 630.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.61 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.66 630.60 Td (1) Tj ET Q q 0 0 0 rg BT 364.29 630.60 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 379.39 630.60 Td (million ) Tj ET Q q 0 0 0 rg BT 410.89 630.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.49 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.43 630.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 487.02 630.60 Td (common ) Tj ET Q q 0 0 0 rg BT 524.63 630.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 550.84 630.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 56.36 618.60 Td (total ) Tj ET Q q 0 0 0 rg BT 76.55 618.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 117.83 618.60 Td (value ) Tj ET Q q 0 0 0 rg BT 141.90 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.65 618.60 Td ($439 ) Tj ET Q q 0 0 0 rg BT 175.07 618.60 Td (million.Conroe ) Tj ET Q q 0 0 0 rg BT 243.32 618.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 266.29 618.60 Td (had ) Tj ET Q q 0 0 0 rg BT 283.15 618.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 323.89 618.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 354.08 618.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 403.70 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 438.87 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.62 618.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 509.80 618.60 Td (7.3 ) Tj ET Q q 0 0 0 rg BT 524.72 618.60 Td (MMBOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.66 606.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 118.69 606.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.69 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 144.13 606.60 Td (net ) Tj ET Q q 0 0 0 rg BT 159.29 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 170.02 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 186.29 606.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 221.17 606.60 Td (all ) Tj ET Q q 0 0 0 rg BT 234.11 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.38 606.60 Td (which ) Tj ET Q q 0 0 0 rg BT 272.77 606.60 Td (are ) Tj ET Q q 0 0 0 rg BT 287.92 606.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 318.63 606.60 Td (developed.During ) Tj ET Q q 0 0 0 rg BT 398.50 606.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.66 606.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 441.04 606.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.36 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.30 606.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.58 606.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.58 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 509.02 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 555.29 606.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 81.44 594.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 104.50 594.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 143.08 594.60 Td (2,140 ) Tj ET Q q 0 0 0 rg BT 168.08 594.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 200.86 594.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 242.78 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.06 594.60 Td (2,281 ) Tj ET Q q 0 0 0 rg BT 278.06 594.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 308.34 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.62 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.33 594.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 360.27 594.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 391.09 594.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.92 594.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.92 594.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 570.60 Td (o ) Tj ET Q q 0 0 0 rg BT 79.87 570.60 Td (initiate ) Tj ET Q q 0 0 0 rg BT 109.60 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.00 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 129.89 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.14 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.10 570.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 158.17 570.60 Td (at ) Tj ET Q q 0 0 0 rg BT 167.35 570.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 198.75 570.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 223.76 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.16 570.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 264.33 570.60 Td (must ) Tj ET Q q 0 0 0 rg BT 285.74 570.60 Td (be ) Tj ET Q q 0 0 0 rg BT 297.14 570.60 Td (constructed ) Tj ET Q q 0 0 0 rg BT 345.20 570.60 Td (so ) Tj ET Q q 0 0 0 rg BT 356.05 570.60 Td (that ) Tj ET Q q 0 0 0 rg BT 373.00 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 386.89 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.14 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 392.10 570.60 Td (can ) Tj ET Q q 0 0 0 rg BT 407.94 570.60 Td (be ) Tj ET Q q 0 0 0 rg BT 419.34 570.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 458.50 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.24 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.42 570.60 Td (field.) Tj ET Q q 0 0 0 rg BT 508.06 570.60 Td (This ) Tj ET Q q 0 0 0 rg BT 527.80 570.60 Td (pipeline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.80 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.33 558.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 120.85 558.60 Td (as ) Tj ET Q q 0 0 0 rg BT 132.04 558.60 Td (an ) Tj ET Q q 0 0 0 rg BT 144.34 558.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 185.53 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.72 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.91 558.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 240.20 558.60 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 278.33 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 287.86 558.60 Td (preliminarily ) Tj ET Q q 0 0 0 rg BT 342.93 558.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.11 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 394.75 558.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 419.82 558.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 480.44 558.60 Td (90 ) Tj ET Q q 0 0 0 rg BT 493.30 558.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 517.83 558.60 Td (at ) Tj ET Q q 0 0 0 rg BT 527.91 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 535.21 558.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 554.18 558.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.56 546.60 Td ($220 ) Tj ET Q q 0 0 0 rg BT 131.86 546.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 165.55 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.85 546.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 185.70 546.60 Td (current ) Tj ET Q q 0 0 0 rg BT 216.32 546.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 235.83 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 249.79 546.60 Td (initiating ) Tj ET Q q 0 0 0 rg BT 288.20 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 294.94 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.83 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.08 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.38 546.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 337.79 546.60 Td (at ) Tj ET Q q 0 0 0 rg BT 347.31 546.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 379.04 546.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 401.90 546.60 Td (is ) Tj ET Q q 0 0 0 rg BT 410.87 546.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 453.15 546.60 Td (several ) Tj ET Q q 0 0 0 rg BT 483.77 546.60 Td (years ) Tj ET Q q 0 0 0 rg BT 507.17 546.60 Td (from ) Tj ET Q q 0 0 0 rg BT 528.91 546.60 Td (now) Tj ET Q q 0 0 0 rg BT 545.48 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 546.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.11 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 88.94 534.60 Td (which ) Tj ET Q q 0 0 0 rg BT 115.88 534.60 Td (may ) Tj ET Q q 0 0 0 rg BT 135.60 534.60 Td (change ) Tj ET Q q 0 0 0 rg BT 166.41 534.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 210.57 534.60 Td (on ) Tj ET Q q 0 0 0 rg BT 223.07 534.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 252.22 534.60 Td (availability) Tj ET Q q 0 0 0 rg BT 296.56 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 301.56 534.60 Td (future ) Tj ET Q q 0 0 0 rg BT 327.93 534.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 340.99 534.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 367.37 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.30 534.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 419.02 534.60 Td (construction.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 115.46 510.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 142.00 510.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.38 510.60 Td (W) Tj ET Q q 0 0 0 rg BT 153.02 510.60 Td (e ) Tj ET Q q 0 0 0 rg BT 159.84 510.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 196.64 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.35 510.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.17 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.15 510.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 299.31 510.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 322.25 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.41 510.60 Td (June ) Tj ET Q q 0 0 0 rg BT 353.12 510.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 375.50 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 389.54 510.60 Td ($366 ) Tj ET Q q 0 0 0 rg BT 411.92 510.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 445.69 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.90 510.60 Td (The ) Tj ET Q q 0 0 0 rg BT 465.83 510.60 Td (field ) Tj ET Q q 0 0 0 rg BT 486.53 510.60 Td (is ) Tj ET Q q 0 0 0 rg BT 495.58 510.60 Td (located ) Tj ET Q q 0 0 0 rg BT 526.84 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 536.82 510.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 510.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.36 498.60 Td (18 ) Tj ET Q q 0 0 0 rg BT 121.47 498.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 145.24 498.60 Td (west ) Tj ET Q q 0 0 0 rg BT 165.67 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.11 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 191.54 498.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 228.65 498.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 253.81 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 255.76 498.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 300.64 498.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 323.30 498.60 Td (had ) Tj ET Q q 0 0 0 rg BT 339.85 498.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 380.27 498.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 410.14 498.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 459.45 498.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.31 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.75 498.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 64.96 486.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 105.70 486.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.87 486.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 174.92 486.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.92 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 200.37 486.60 Td (net ) Tj ET Q q 0 0 0 rg BT 215.55 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 226.29 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.57 486.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 277.46 486.60 Td (all ) Tj ET Q q 0 0 0 rg BT 290.42 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.71 486.60 Td (which ) Tj ET Q q 0 0 0 rg BT 329.10 486.60 Td (are ) Tj ET Q q 0 0 0 rg BT 344.27 486.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.99 486.60 Td (developed.During ) Tj ET Q q 0 0 0 rg BT 454.88 486.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.05 486.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 497.45 486.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.76 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.72 486.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 486.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 486.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 98.69 474.60 Td (production ) Tj ET Q q 0 0 0 rg BT 144.00 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 153.06 474.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 197.82 474.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 220.36 474.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 258.43 474.60 Td (987 ) Tj ET Q q 0 0 0 rg BT 275.41 474.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 305.18 474.60 Td (net ) Tj ET Q q 0 0 0 rg BT 319.38 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 329.14 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 344.46 474.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 378.38 474.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 419.78 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.55 474.60 Td (1,344 ) Tj ET Q q 0 0 0 rg BT 454.03 474.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 483.79 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 493.56 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.76 474.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 534.18 474.60 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.77 462.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.77 462.60 Td (. ) Tj ET Q q 0 0 0 rg BT 88.50 462.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 134.22 462.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 157.72 462.60 Td (is ) Tj ET Q q 0 0 0 rg BT 167.33 462.60 Td (geologically ) Tj ET Q q 0 0 0 rg BT 219.70 462.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 250.42 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.14 462.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 299.08 462.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 325.08 462.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 368.57 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 382.07 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 404.45 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 419.60 462.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 439.22 462.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 461.04 462.60 Td (at ) Tj ET Q q 0 0 0 rg BT 471.19 462.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 501.91 462.60 Td (depths, ) Tj ET Q q 0 0 0 rg BT 533.46 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.84 462.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 88.00 450.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 119.30 450.60 Td (it ) Tj ET Q q 0 0 0 rg BT 127.28 450.60 Td (has ) Tj ET Q q 0 0 0 rg BT 143.03 450.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 156.92 449.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.17 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.59 450.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 185.01 450.60 Td (potential. ) Tj ET Q q 0 0 0 rg BT 224.92 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 227.34 450.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 254.75 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.39 450.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 294.03 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.78 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.24 450.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 364.44 450.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 387.42 450.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 433.72 450.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 480.28 450.60 Td (after ) Tj ET Q q 0 0 0 rg BT 501.02 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 515.66 450.60 Td (initiation ) Tj ET Q q 0 0 0 rg BT 554.19 450.60 Td (of ) 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 69.59 438.60 Td (injection, ) Tj ET Q q 0 0 0 rg BT 110.02 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.18 438.60 Td (seller ) Tj ET Q q 0 0 0 rg BT 149.78 438.60 Td (will ) Tj ET Q q 0 0 0 rg BT 168.28 438.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 193.99 438.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 254.69 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.08 438.60 Td (5% ) Tj ET Q q 0 0 0 rg BT 278.35 438.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 302.41 438.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 337.00 438.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 369.38 438.60 Td (\(less ) Tj ET Q q 0 0 0 rg BT 390.65 438.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 433.01 438.60 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 459.83 438.60 Td (once ) Tj ET Q q 0 0 0 rg BT 481.65 438.60 Td (average ) Tj ET Q q 0 0 0 rg BT 515.68 438.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 551.96 438.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (production ) Tj ET Q q 0 0 0 rg BT 94.71 426.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 128.25 426.60 Td (3,000 ) Tj ET Q q 0 0 0 rg BT 152.64 426.60 Td (Bbls/d. ) Tj ET Q q 0 0 0 rg BT 183.15 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 184.90 426.60 Td (The ) Tj ET Q q 0 0 0 rg BT 202.34 426.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 230.34 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 240.56 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.45 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.70 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 259.59 426.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 300.36 426.60 Td (at ) Tj ET Q q 0 0 0 rg BT 309.33 426.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 354.00 426.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 376.45 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 385.01 426.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 424.11 426.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 467.09 426.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 488.98 426.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 517.52 426.60 Td (availability ) Tj ET Q BT /F1 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 66.44 414.60 Td (future ) Tj ET Q q 0 0 0 rg BT 92.82 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 105.87 414.60 Td (prices.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.55 390.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 121.18 390.60 Td (Region) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 63.39 365.17 Td (2) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 66.64 366.60 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.39 366.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 86.91 366.60 Td (ces ) Tj ET Q q 0 0 0 rg BT 102.18 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.68 366.60 Td (Pipelines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (LaBarge ) Tj ET Q q 0 0 0 rg BT 108.14 342.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.30 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 145.94 342.60 Td (e ) Tj ET Q q 0 0 0 rg BT 153.80 342.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 191.65 342.60 Td (an ) Tj ET Q q 0 0 0 rg BT 204.51 342.60 Td (overriding ) Tj ET Q q 0 0 0 rg BT 249.58 342.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 281.33 342.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 314.19 342.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 359.26 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 370.46 342.60 Td (an ) Tj ET Q q 0 0 0 rg BT 383.32 342.60 Td (approximate ) Tj ET Q q 0 0 0 rg BT 436.72 342.60 Td (one-third ) Tj ET Q q 0 0 0 rg BT 476.80 342.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 521.88 342.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 554.74 342.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (ExxonMobil) Tj ET Q q 0 0 0 rg BT 102.83 330.60 Td (s ) Tj ET Q q 0 0 0 rg BT 110.54 330.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.43 329.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.68 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.49 330.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 168.05 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 179.64 330.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 204.45 330.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 217.69 330.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 242.06 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 253.65 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.67 330.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 297.92 330.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 330.04 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 342.18 330.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 365.99 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 378.13 330.60 Td (part ) Tj ET Q q 0 0 0 rg BT 397.49 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.63 330.60 Td (a ) Tj ET Q q 0 0 0 rg BT 417.87 330.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 437.23 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 455.48 330.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 497.04 330.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 544.72 330.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (ExxonMobil. ) Tj ET Q q 0 0 0 rg BT 105.06 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 107.56 318.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 132.36 318.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 144.30 318.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 167.36 318.60 Td (is ) Tj ET Q q 0 0 0 rg BT 176.53 318.60 Td (located ) Tj ET Q q 0 0 0 rg BT 207.90 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 218.18 318.60 Td (southwestern ) Tj ET Q q 0 0 0 rg BT 273.26 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 282.10 318.60 Td (yoming.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.41 294.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.41 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 123.49 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 137.72 294.60 Td (received ) Tj ET Q q 0 0 0 rg BT 174.17 294.60 Td (an ) Tj ET Q q 0 0 0 rg BT 186.18 294.60 Td (average ) Tj ET Q q 0 0 0 rg BT 219.84 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.75 294.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 291.09 294.60 Td (73 ) Tj ET Q q 0 0 0 rg BT 303.67 294.60 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 339.58 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.48 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 364.38 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.62 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.20 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 392.22 294.60 Td (ExxonMobil) Tj ET Q q 0 0 0 rg BT 445.55 294.60 Td (s ) Tj ET Q q 0 0 0 rg BT 452.02 294.60 Td (Shute ) Tj ET Q q 0 0 0 rg BT 477.38 294.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 503.84 294.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.74 294.60 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 72.14 282.60 Td (at ) Tj ET Q q 0 0 0 rg BT 82.00 282.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 106.80 282.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 118.88 282.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 144.58 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 147.23 282.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 174.31 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 186.95 282.60 Td (current ) Tj ET Q q 0 0 0 rg BT 217.91 282.60 Td (capacity) Tj ET Q q 0 0 0 rg BT 250.57 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 255.71 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 272.80 282.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 303.76 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 314.19 282.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 361.81 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 372.79 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 386.68 281.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.93 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 395.07 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 409.37 282.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 448.11 282.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 476.85 282.60 Td (that ) Tj ET Q q 0 0 0 rg BT 494.49 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 508.79 282.60 Td (could ) Tj ET Q q 0 0 0 rg BT 533.65 282.60 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (up ) Tj ET Q q 0 0 0 rg BT 62.11 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 72.51 270.60 Td (1) Tj ET Q q 0 0 0 rg BT 77.14 270.60 Td (15 ) Tj ET Q q 0 0 0 rg BT 89.75 270.60 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 125.70 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.64 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.53 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.78 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 156.40 270.60 Td (by ) Tj ET Q q 0 0 0 rg BT 169.01 270.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 191.63 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 213.68 270.60 Td (such ) Tj ET Q q 0 0 0 rg BT 234.62 270.60 Td (plant. ) Tj ET Q q 0 0 0 rg BT 259.73 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 262.16 270.60 Td (W) Tj ET Q q 0 0 0 rg BT 270.80 270.60 Td (e ) Tj ET Q q 0 0 0 rg BT 277.85 270.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 294.90 270.60 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 348.08 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.13 270.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 369.95 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 380.34 270.60 Td (process ) Tj ET Q q 0 0 0 rg BT 412.95 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 430.00 270.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 460.38 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.21 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 489.10 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.35 270.60 Td (, ) Tj ET Q q 0 0 0 rg BT 497.47 270.60 Td (which ) Tj ET Q q 0 0 0 rg BT 524.52 270.60 Td (we ) Tj ET Q q 0 0 0 rg BT 538.80 270.60 Td (use ) Tj ET Q q 0 0 0 rg BT 554.74 270.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.24 258.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 93.77 258.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 135.07 258.60 Td (region ) Tj ET Q q 0 0 0 rg BT 163.03 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 176.92 257.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.17 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.58 258.60 Td (floods. ) Tj ET Q q 0 0 0 rg BT 212.49 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.38 258.60 Td (As ) Tj ET Q q 0 0 0 rg BT 227.90 258.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.65 258.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 297.14 258.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.14 258.60 Td (, ) Tj ET Q q 0 0 0 rg BT 322.06 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 337.80 258.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 369.65 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 379.84 258.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 404.64 258.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 416.50 258.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 439.47 258.60 Td (consisted ) Tj ET Q q 0 0 0 rg BT 479.10 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.84 258.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.01 258.60 Td (1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 246.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.68 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 65.18 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 76.01 246.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 106.28 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.17 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.42 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.92 246.60 Td (reserves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 222.60 Td (Other) Tj ET Q q 0 0 0 rg BT 92.87 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 94.83 222.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 124.02 222.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 168.22 222.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 183.22 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.47 222.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.44 222.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 208.82 222.60 Td (ces.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.09 222.60 Td () Tj ET Q q 0 0 0 rg BT 228.90 222.60 Td (While ) Tj ET Q q 0 0 0 rg BT 255.31 222.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 280.11 222.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 291.52 222.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 314.04 222.60 Td (is ) Tj ET Q q 0 0 0 rg BT 322.68 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 329.08 222.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 366.04 222.60 Td (source ) Tj ET Q q 0 0 0 rg BT 394.10 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.40 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 418.29 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.54 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 423.51 222.60 Td (for ) Tj ET Q q 0 0 0 rg BT 437.13 222.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 472.99 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 488.29 222.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 512.47 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 522.21 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.40 222.60 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 91.66 210.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 122.97 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 137.90 210.60 Td (have ) Tj ET Q q 0 0 0 rg BT 160.05 210.60 Td (formed ) Tj ET Q q 0 0 0 rg BT 192.19 210.60 Td (alternative ) Tj ET Q q 0 0 0 rg BT 237.66 210.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 262.04 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 273.08 210.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 308.01 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.61 210.60 Td (future ) Tj ET Q q 0 0 0 rg BT 351.75 210.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 365.65 209.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.89 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 372.16 210.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 395.43 210.60 Td (floods, ) Tj ET Q q 0 0 0 rg BT 426.20 210.60 Td (which ) Tj ET Q q 0 0 0 rg BT 453.91 210.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 467.80 209.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.05 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 474.32 210.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 511.48 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 526.40 210.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 91.32 198.60 Td (could ) Tj ET Q q 0 0 0 rg BT 116.48 198.60 Td (be ) Tj ET Q q 0 0 0 rg BT 128.87 198.60 Td (supplied ) Tj ET Q q 0 0 0 rg BT 165.71 198.60 Td (through ) Tj ET Q q 0 0 0 rg BT 199.76 198.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 234.38 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 248.27 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.52 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 254.47 198.60 Td (sources. ) Tj ET Q q 0 0 0 rg BT 289.91 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 292.64 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 301.28 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 308.67 198.60 Td (began ) Tj ET Q q 0 0 0 rg BT 335.50 198.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 382.32 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 399.71 198.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 439.86 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.75 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 459.95 198.60 Td (from ) Tj ET Q q 0 0 0 rg BT 482.34 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.50 198.60 Td (ConocoPhillips-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (operated ) Tj ET Q q 0 0 0 rg BT 86.86 186.60 Td (Lost ) Tj ET Q q 0 0 0 rg BT 107.58 186.60 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 134.40 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 150.67 186.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 173.61 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.32 186.60 Td (central ) Tj ET Q q 0 0 0 rg BT 214.25 186.60 Td (W) Tj ET Q q 0 0 0 rg BT 223.09 186.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 256.58 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.30 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.46 186.60 Td (first ) Tj ET Q q 0 0 0 rg BT 301.50 186.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 332.76 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.03 186.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 369.46 186.60 Td (under ) Tj ET Q q 0 0 0 rg BT 395.17 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 402.55 186.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 437.69 186.60 Td (that ) Tj ET Q q 0 0 0 rg BT 455.62 186.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 493.00 186.60 Td (us ) Tj ET Q q 0 0 0 rg BT 504.83 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 516.10 186.60 Td (much ) Tj ET Q q 0 0 0 rg BT 541.25 186.60 Td (as ) Tj ET Q q 0 0 0 rg BT 552.52 186.60 Td (50 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 85.33 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.16 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.05 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.30 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.80 174.60 Td (for ) Tj ET Q q 0 0 0 rg BT 129.96 174.60 Td (use ) Tj ET Q q 0 0 0 rg BT 145.79 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 156.07 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.90 174.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 200.51 174.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 241.90 174.60 Td (region ) Tj ET Q q 0 0 0 rg BT 269.94 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 283.83 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.08 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 289.58 174.60 Td (floods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 150.60 Td (Gr) Tj ET Q q 0 0 0 rg BT 79.54 150.60 Td (eencor) Tj ET Q q 0 0 0 rg BT 107.67 150.60 Td (e ) Tj ET Q q 0 0 0 rg BT 115.41 150.60 Td (Pipeline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.35 150.60 Td (The ) Tj ET Q q 0 0 0 rg BT 176.20 150.60 Td (20-inch ) Tj ET Q q 0 0 0 rg BT 210.05 150.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 254.99 150.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 291.06 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 301.90 150.60 Td (W) Tj ET Q q 0 0 0 rg BT 310.74 150.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 344.60 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 354.57 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.08 150.60 Td (first ) Tj ET Q q 0 0 0 rg BT 389.49 150.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 403.38 149.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.63 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 409.93 150.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 445.45 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 460.41 150.60 Td (constructed ) Tj ET Q q 0 0 0 rg BT 509.80 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 520.88 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.40 150.60 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 90.83 138.60 Td (region.) Tj ET Q q 0 0 0 rg BT 123.69 138.60 Td (W) Tj ET Q q 0 0 0 rg BT 132.33 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 139.21 138.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 158.86 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 169.08 138.60 Td (use ) Tj ET Q q 0 0 0 rg BT 184.85 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.50 138.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 234.16 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 244.92 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 260.69 138.60 Td (trunk ) Tj ET Q q 0 0 0 rg BT 284.24 138.60 Td (line ) Tj ET Q q 0 0 0 rg BT 301.68 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 311.89 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 138.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 355.10 138.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 396.42 138.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 426.91 138.60 Td (eventually ) Tj ET Q q 0 0 0 rg BT 471.00 138.60 Td (connecting ) Tj ET Q q 0 0 0 rg BT 517.31 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 533.08 138.60 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.70 126.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 118.68 126.60 Td (region ) Tj ET Q q 0 0 0 rg BT 146.33 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 160.22 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.47 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 165.56 126.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 197.65 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 207.52 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.83 126.60 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 247.80 126.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 273.31 126.60 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 312.62 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.49 126.60 Td (eastern ) Tj ET Q q 0 0 0 rg BT 352.90 126.60 Td (Montana ) Tj ET Q q 0 0 0 rg BT 390.54 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.08 126.60 Td (western ) Tj ET Q q 0 0 0 rg BT 440.27 126.60 Td (North ) Tj ET Q q 0 0 0 rg BT 465.70 126.60 Td (Dakota. ) Tj ET Q q 0 0 0 rg BT 499.17 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 501.11 126.60 Td (The ) Tj ET Q q 0 0 0 rg BT 518.75 126.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 544.18 126.60 Td (232-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (mile ) Tj ET Q q 0 0 0 rg BT 69.59 114.60 Td (section ) Tj ET Q q 0 0 0 rg BT 100.23 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.88 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.41 114.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 169.36 114.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 204.45 114.60 Td (begins ) Tj ET Q q 0 0 0 rg BT 232.87 114.60 Td (at ) Tj ET Q q 0 0 0 rg BT 242.41 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.94 114.60 Td (ConocoPhillips-operated ) Tj ET Q q 0 0 0 rg BT 358.68 114.60 Td (Lost ) Tj ET Q q 0 0 0 rg BT 378.78 114.60 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 404.98 114.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 420.63 114.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 442.94 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 452.87 114.60 Td (W) Tj ET Q q 0 0 0 rg BT 461.70 114.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 494.58 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.33 114.60 Td (terminates ) Tj ET Q q 0 0 0 rg BT 555.30 114.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 68.36 102.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 94.43 102.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 117.18 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.15 102.60 Td (Montana.) Tj ET Q q 0 0 0 rg BT 170.02 102.60 Td (W) Tj ET Q q 0 0 0 rg BT 178.66 102.60 Td (e ) Tj ET Q q 0 0 0 rg BT 185.29 102.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 229.13 102.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 280.76 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.28 102.60 Td (this ) Tj ET Q q 0 0 0 rg BT 307.93 102.60 Td (section ) Tj ET Q q 0 0 0 rg BT 338.45 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.97 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.38 102.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 397.79 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 407.76 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.17 102.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 448.80 102.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 479.31 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.83 102.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 512.03 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 528.66 102.60 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.40 90.60 Td (first ) Tj ET Q q 0 0 0 rg BT 84.08 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 97.97 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.22 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 103.79 90.60 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 145.23 90.60 Td (from ) Tj ET Q q 0 0 0 rg BT 167.24 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.03 90.60 Td (ConocoPhillips-operated ) Tj ET Q q 0 0 0 rg BT 284.02 90.60 Td (Lost ) Tj ET Q q 0 0 0 rg BT 304.37 90.60 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 330.83 90.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 346.73 90.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 369.29 90.60 Td (during ) Tj ET Q q 0 0 0 rg BT 397.97 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.76 90.60 Td (first ) Tj ET Q q 0 0 0 rg BT 431.44 90.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 462.32 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 473.22 90.60 Td (2013.During ) Tj ET Q q 0 0 0 rg BT 531.62 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.41 90.60 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.60 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.72 78.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 117.01 78.60 Td (we ) Tj ET Q q 0 0 0 rg BT 131.46 78.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 175.90 78.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 228.13 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 239.25 78.60 Td (an ) Tj ET Q q 0 0 0 rg BT 251.47 78.60 Td (interconnect ) Tj ET Q q 0 0 0 rg BT 303.68 78.60 Td (between ) Tj ET Q q 0 0 0 rg BT 339.79 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 355.91 78.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 400.33 78.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 435.90 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.12 78.60 Td (an ) Tj ET Q q 0 0 0 rg BT 465.35 78.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 499.81 78.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 545.36 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 559.25 77.17 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 66.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 84.21 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 94.31 66.60 Td (W) Tj ET Q q 0 0 0 rg BT 103.15 66.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 138.70 66.60 Td (which ) Tj ET Q q 0 0 0 rg BT 165.64 66.60 Td (enables ) Tj ET Q q 0 0 0 rg BT 198.13 66.60 Td (us ) Tj ET Q q 0 0 0 rg BT 209.52 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.80 66.60 Td (transport ) Tj ET Q q 0 0 0 rg BT 257.84 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 271.74 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.99 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.49 66.60 Td (from ) Tj ET Q q 0 0 0 rg BT 299.42 66.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 324.23 66.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 336.17 66.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 359.22 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 369.50 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 385.33 66.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 404.50 66.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 430.87 66.60 Td (Field.) 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 /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 714.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 714.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 714.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 128.21 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 147.93 714.60 Td (T) Tj ET Q q 0 0 0 rg BT 152.58 714.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 182.29 714.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 191.92 714.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 229.42 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.92 714.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 256.55 714.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 277.92 714.60 Td (T) Tj ET Q q 0 0 0 rg BT 282.57 714.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 312.28 714.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 350.32 714.60 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 360.60 714.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 419.19 714.60 Td (2017) Tj ET Q BT /F4 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 85.77 690.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 97.25 690.60 Td (eek ) Tj ET Q q 0 0 0 rg BT 113.29 690.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.45 690.60 Td (W) Tj ET Q q 0 0 0 rg BT 151.09 690.60 Td (e ) Tj ET Q q 0 0 0 rg BT 157.13 690.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 193.16 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 208.09 690.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.13 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 248.51 690.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 266.78 690.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 292.26 690.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 314.42 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 323.80 690.60 Td (southeast ) Tj ET Q q 0 0 0 rg BT 362.62 690.60 Td (Montana ) Tj ET Q q 0 0 0 rg BT 399.77 690.60 Td (as ) Tj ET Q q 0 0 0 rg BT 409.70 690.60 Td (part ) Tj ET Q q 0 0 0 rg BT 426.85 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.79 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.61 690.60 Td (Encore ) Tj ET Q q 0 0 0 rg BT 480.52 690.60 Td (mer) Tj ET Q q 0 0 0 rg BT 495.89 690.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 510.26 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 519.64 690.60 Td (2010.) Tj ET Q q 0 0 0 rg BT 546.96 690.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 107.29 678.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 146.18 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 157.31 678.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 177.33 678.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 204.56 678.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 228.47 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 238.50 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 246.29 678.60 Td (sandstone ) Tj ET Q q 0 0 0 rg BT 289.08 678.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 327.98 678.60 Td (with ) Tj ET Q q 0 0 0 rg BT 349.11 678.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 409.65 678.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 440.78 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 451.91 678.60 Td (those ) Tj ET Q q 0 0 0 rg BT 476.38 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 491.39 678.60 Td (have ) Tj ET Q q 0 0 0 rg BT 513.62 678.60 Td (successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (flooded ) Tj ET Q q 0 0 0 rg BT 82.61 666.60 Td (with ) Tj ET Q q 0 0 0 rg BT 102.95 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.84 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.09 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.65 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 132.98 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.76 666.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 168.65 666.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 193.99 666.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 224.60 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 227.16 666.60 Td (During ) Tj ET Q q 0 0 0 rg BT 258.05 666.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 283.11 666.60 Td (we ) Tj ET Q q 0 0 0 rg BT 297.33 666.60 Td (began ) Tj ET Q q 0 0 0 rg BT 323.76 666.60 Td (first ) Tj ET Q q 0 0 0 rg BT 342.43 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 356.32 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.57 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 362.13 666.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 403.58 666.60 Td (into ) Tj ET Q q 0 0 0 rg BT 421.69 666.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 440.92 666.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 467.35 666.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 492.97 666.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 530.51 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 546.40 666.60 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 80.22 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.63 654.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 140.30 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 156.58 654.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 187.87 654.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 213.05 654.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 242.67 654.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 273.39 654.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 310.49 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 312.21 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 317.62 654.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 345.56 654.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 393.23 654.60 Td (net ) Tj ET Q q 0 0 0 rg BT 407.30 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.92 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.10 654.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 465.88 654.60 Td (during ) Tj ET Q q 0 0 0 rg BT 493.84 654.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.91 654.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 534.19 654.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.51 642.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.51 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 83.20 642.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.96 642.60 Td (3,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.46 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 147.15 642.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 175.95 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.96 642.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 202.70 642.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 244.81 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.27 642.60 Td (3,269 ) Tj ET Q q 0 0 0 rg BT 280.45 642.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 309.25 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 319.71 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.61 642.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 361.74 642.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 392.73 642.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.75 642.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.75 642.60 Td (.Our ) Tj ET Q q 0 0 0 rg BT 449.48 642.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 472.17 642.60 Td (development ) Tj ET Q q 0 0 0 rg BT 526.50 642.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 550.29 642.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.00 630.60 Td (related ) Tj ET Q q 0 0 0 rg BT 118.48 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.55 630.60 Td (phase ) Tj ET Q q 0 0 0 rg BT 153.60 630.60 Td (six ) Tj ET Q q 0 0 0 rg BT 167.56 630.60 Td (expansion ) Tj ET Q q 0 0 0 rg BT 210.39 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.00 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.51 630.60 Td (flood. ) Tj ET Q q 0 0 0 rg BT 261.40 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.52 630.60 Td (W) Tj ET Q q 0 0 0 rg BT 272.16 630.60 Td (e ) Tj ET Q q 0 0 0 rg BT 278.88 630.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 307.26 630.60 Td (production ) Tj ET Q q 0 0 0 rg BT 352.87 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 374.59 630.60 Td (this ) Tj ET Q q 0 0 0 rg BT 391.33 630.60 Td (field ) Tj ET Q q 0 0 0 rg BT 411.94 630.60 Td (will ) Tj ET Q q 0 0 0 rg BT 429.78 630.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 466.50 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.56 630.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 511.60 630.60 Td (during ) Tj ET Q q 0 0 0 rg BT 539.99 630.60 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (Salt ) Tj ET Q q 0 0 0 rg BT 87.15 606.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 98.63 606.60 Td (eek ) Tj ET Q q 0 0 0 rg BT 116.06 606.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.22 606.60 Td (W) Tj ET Q q 0 0 0 rg BT 153.86 606.60 Td (e ) Tj ET Q q 0 0 0 rg BT 161.28 606.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 198.69 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 215.01 606.60 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 270.75 606.60 Td (working ) Tj ET Q q 0 0 0 rg BT 307.06 606.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 339.48 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.24 606.60 Td (Salt ) Tj ET Q q 0 0 0 rg BT 368.78 606.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 395.65 606.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 419.19 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 429.73 606.60 Td (W) Tj ET Q q 0 0 0 rg BT 438.57 606.60 Td (yoming ) Tj ET Q q 0 0 0 rg BT 472.11 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 486.76 606.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 547.50 606.60 Td ($72 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (million ) Tj ET Q q 0 0 0 rg BT 80.92 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 91.23 594.60 Td (June ) Tj ET Q q 0 0 0 rg BT 112.09 594.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 137.12 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 139.47 594.60 Td (T) Tj ET Q q 0 0 0 rg BT 144.88 594.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 173.51 594.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 221.86 594.60 Td (net ) Tj ET Q q 0 0 0 rg BT 236.61 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 246.92 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 262.78 594.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 297.24 594.60 Td (during ) Tj ET Q q 0 0 0 rg BT 325.88 594.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.63 594.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 367.60 594.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.91 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.45 594.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.31 594.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.31 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.84 594.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.45 594.60 Td (2,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.95 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 495.48 594.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 524.13 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 534.99 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 594.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 582.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 96.70 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 106.98 582.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 142.23 582.60 Td (over ) Tj ET Q q 0 0 0 rg BT 162.50 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.22 582.60 Td (next ) Tj ET Q q 0 0 0 rg BT 196.94 582.60 Td (several ) Tj ET Q q 0 0 0 rg BT 227.75 582.60 Td (years ) Tj ET Q q 0 0 0 rg BT 251.35 582.60 Td (with ) Tj ET Q q 0 0 0 rg BT 271.63 582.60 Td (minimal ) Tj ET Q q 0 0 0 rg BT 307.46 582.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 336.61 582.60 Td (spending.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (Futur) Tj ET Q q 0 0 0 rg BT 71.91 558.60 Td (e ) Tj ET Q q 0 0 0 rg BT 78.85 558.60 Td (T) Tj ET Q q 0 0 0 rg BT 83.49 558.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 113.21 558.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 122.83 558.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 157.55 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 177.28 558.60 Td (No ) Tj ET Q q 0 0 0 rg BT 191.45 558.60 Td (T) Tj ET Q q 0 0 0 rg BT 196.09 558.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 225.81 558.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 235.44 558.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 272.93 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 284.32 558.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 293.95 558.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 315.33 558.60 Td (T) Tj ET Q q 0 0 0 rg BT 319.97 558.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 349.69 558.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 387.73 558.60 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 398.01 558.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 456.59 558.60 Td (2017) Tj ET Q BT /F4 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (Cedar) Tj ET Q q 0 0 0 rg BT 93.98 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 95.86 534.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 107.34 534.60 Td (eek ) Tj ET Q q 0 0 0 rg BT 123.24 534.60 Td (Anticline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.62 534.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 189.63 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.51 534.60 Td (is ) Tj ET Q q 0 0 0 rg BT 200.06 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.15 534.60 Td (lar) Tj ET Q q 0 0 0 rg BT 224.52 534.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 242.51 534.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 279.37 534.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 301.25 534.60 Td (property ) Tj ET Q q 0 0 0 rg BT 337.00 534.60 Td (that ) Tj ET Q q 0 0 0 rg BT 353.88 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 367.42 534.60 Td (own ) Tj ET Q q 0 0 0 rg BT 386.51 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.83 534.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 440.80 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.01 534.60 Td (lar) Tj ET Q q 0 0 0 rg BT 466.38 534.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 484.36 534.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 526.79 534.60 Td (property) Tj ET Q q 0 0 0 rg BT 560.01 534.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (contributing ) Tj ET Q q 0 0 0 rg BT 100.84 522.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.06 522.60 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.39 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 181.84 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.63 522.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.42 522.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.42 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.88 522.60 Td (total ) Tj ET Q q 0 0 0 rg BT 251.11 522.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 299.39 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.67 522.60 Td (The ) Tj ET Q q 0 0 0 rg BT 319.67 522.60 Td (field ) Tj ET Q q 0 0 0 rg BT 340.46 522.60 Td (is ) Tj ET Q q 0 0 0 rg BT 349.58 522.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 389.25 522.60 Td (located ) Tj ET Q q 0 0 0 rg BT 420.58 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 430.82 522.60 Td (Montana ) Tj ET Q q 0 0 0 rg BT 468.82 522.60 Td (but ) Tj ET Q q 0 0 0 rg BT 484.06 522.60 Td (extends ) Tj ET Q q 0 0 0 rg BT 517.06 522.60 Td (over ) Tj ET Q q 0 0 0 rg BT 537.29 522.60 Td (such ) Tj ET Q q 0 0 0 rg BT 558.08 522.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 510.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 71.68 510.60 Td (area ) Tj ET Q q 0 0 0 rg BT 90.69 510.60 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 154.16 510.60 Td (126 ) Tj ET Q q 0 0 0 rg BT 171.53 510.60 Td (miles\) ) Tj ET Q q 0 0 0 rg BT 198.89 510.60 Td (that ) Tj ET Q q 0 0 0 rg BT 216.26 510.60 Td (it ) Tj ET Q q 0 0 0 rg BT 224.19 510.60 Td (also ) Tj ET Q q 0 0 0 rg BT 242.67 510.60 Td (extends ) Tj ET Q q 0 0 0 rg BT 275.59 510.60 Td (into ) Tj ET Q q 0 0 0 rg BT 293.52 510.60 Td (North ) Tj ET Q q 0 0 0 rg BT 319.22 510.60 Td (Dakota.CCA) Tj ET Q q 0 0 0 rg BT 375.61 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 377.98 510.60 Td (is ) Tj ET Q q 0 0 0 rg BT 387.02 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 393.83 510.60 Td (series ) Tj ET Q q 0 0 0 rg BT 418.97 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.67 510.60 Td (14 ) Tj ET Q q 0 0 0 rg BT 442.05 510.60 Td (dif) Tj ET Q q 0 0 0 rg BT 452.97 510.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 478.66 510.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 518.80 510.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 544.21 510.60 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.47 498.60 Td (which ) Tj ET Q q 0 0 0 rg BT 87.55 498.60 Td (could ) Tj ET Q q 0 0 0 rg BT 112.41 498.60 Td (be ) Tj ET Q q 0 0 0 rg BT 124.49 498.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 170.44 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 177.52 498.60 Td (field ) Tj ET Q q 0 0 0 rg BT 198.49 498.60 Td (by ) Tj ET Q q 0 0 0 rg BT 211.13 498.60 Td (itself.) Tj ET Q q 0 0 0 rg BT 238.44 498.60 Td (W) Tj ET Q q 0 0 0 rg BT 247.08 498.60 Td (e ) Tj ET Q q 0 0 0 rg BT 254.16 498.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 291.22 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 307.19 498.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 333.17 498.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 365.24 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 375.66 498.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 395.67 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.31 498.60 Td (as ) Tj ET Q q 0 0 0 rg BT 409.28 498.60 Td (part ) Tj ET Q q 0 0 0 rg BT 427.47 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.44 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 453.29 498.60 Td (Encore ) Tj ET Q q 0 0 0 rg BT 484.25 498.60 Td (mer) Tj ET Q q 0 0 0 rg BT 499.62 498.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 515.03 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.45 498.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 548.09 498.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.80 486.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 129.66 486.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 165.86 486.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 184.28 486.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 208.72 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.96 486.60 Td (Acquisition\) ) Tj ET Q q 0 0 0 rg BT 268.27 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 290.58 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 297.89 486.60 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 358.53 486.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 402.51 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 413.72 486.60 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 478.26 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.91 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.00 486.60 Td (first ) Tj ET Q q 0 0 0 rg BT 522.98 486.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.17 486.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 71.58 474.60 Td (for ) Tj ET Q q 0 0 0 rg BT 85.32 474.60 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 104.90 474.60 Td (billion, ) Tj ET Q q 0 0 0 rg BT 135.59 474.60 Td (adding ) Tj ET Q q 0 0 0 rg BT 164.89 474.60 Td (42.2 ) Tj ET Q q 0 0 0 rg BT 184.46 474.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 224.33 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.74 474.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 284.01 474.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 313.86 474.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 348.70 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 357.99 474.60 Td (that ) Tj ET Q q 0 0 0 rg BT 375.07 474.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 396.30 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.38 474.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 444.35 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 465.87 474.60 Td (CCA, ) Tj ET Q q 0 0 0 rg BT 491.01 474.60 Td (net ) Tj ET Q q 0 0 0 rg BT 505.30 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 515.16 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 530.57 474.60 Td (interest, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.42 462.60 Td (14,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.92 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.77 462.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 149.38 462.60 Td (during ) Tj ET Q q 0 0 0 rg BT 178.33 462.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.39 462.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 220.67 462.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.99 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 251.83 462.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.00 462.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 462.60 Td (, ) Tj ET Q q 0 0 0 rg BT 288.34 462.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 330.60 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.22 462.60 Td (production ) Tj ET Q q 0 0 0 rg BT 387.39 462.60 Td (during ) Tj ET Q q 0 0 0 rg BT 416.34 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.40 462.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 458.67 462.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 489.83 462.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 462.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.84 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 535.01 462.60 Td (15,186 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (BOE/d. ) Tj ET Q q 0 0 0 rg BT 82.04 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 84.14 450.60 Td (The ) Tj ET Q q 0 0 0 rg BT 101.96 450.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 151.42 450.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 181.46 450.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 216.48 450.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 259.84 450.60 Td (with ) Tj ET Q q 0 0 0 rg BT 279.88 450.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 299.89 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.15 450.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.85 450.60 Td (82.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.35 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 343.61 450.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 386.16 450.60 Td (net ) Tj ET Q q 0 0 0 rg BT 400.64 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.68 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.28 450.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 460.48 450.60 Td (as ) Tj ET Q q 0 0 0 rg BT 471.07 450.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.67 450.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.02 450.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 450.60 Td (. ) Tj ET Q q 0 0 0 rg BT 565.02 450.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 66.61 438.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 88.17 438.60 Td (development ) Tj ET Q q 0 0 0 rg BT 141.38 438.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 164.05 438.60 Td (for ) Tj ET Q q 0 0 0 rg BT 177.27 438.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 197.28 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 198.84 438.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 237.61 438.60 Td (include ) Tj ET Q q 0 0 0 rg BT 268.61 438.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 317.94 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.93 438.60 Td (development ) Tj ET Q q 0 0 0 rg BT 387.14 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 397.03 438.60 Td (six ) Tj ET Q q 0 0 0 rg BT 410.26 438.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 451.81 438.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 474.48 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 483.82 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.60 438.60 Td (Mission ) Tj ET Q q 0 0 0 rg BT 531.39 438.60 Td (Canyon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 91.10 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 107.71 426.60 Td (waterflood ) Tj ET Q q 0 0 0 rg BT 153.19 426.60 Td (infill ) Tj ET Q q 0 0 0 rg BT 174.80 426.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 211.12 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.29 426.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 231.01 426.60 Td (first ) Tj ET Q q 0 0 0 rg BT 249.28 426.60 Td (Mission ) Tj ET Q q 0 0 0 rg BT 283.68 426.60 Td (Canyon ) Tj ET Q q 0 0 0 rg BT 316.96 426.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 366.89 426.60 Td (well ) Tj ET Q q 0 0 0 rg BT 386.28 426.60 Td (was ) Tj ET Q q 0 0 0 rg BT 403.99 426.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 432.26 426.60 Td (during ) Tj ET Q q 0 0 0 rg BT 460.54 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.92 426.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 501.53 426.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 532.01 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 542.51 426.60 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.48 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 73.90 414.60 Td (Pennel ) Tj ET Q q 0 0 0 rg BT 103.32 414.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 126.08 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 136.06 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.48 414.60 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 176.56 414.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 202.15 414.60 Td (Anticline, ) Tj ET Q q 0 0 0 rg BT 244.06 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 260.70 414.60 Td (began ) Tj ET Q q 0 0 0 rg BT 286.78 414.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 329.53 414.60 Td (on ) Tj ET Q q 0 0 0 rg BT 341.73 414.60 Td (December ) Tj ET Q q 0 0 0 rg BT 385.02 414.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 399.72 414.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 424.42 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 426.14 414.60 Td (A) Tj ET Q q 0 0 0 rg BT 432.62 414.60 Td (verage ) Tj ET Q q 0 0 0 rg BT 461.47 414.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 484.78 414.60 Td (production ) Tj ET Q q 0 0 0 rg BT 530.31 414.60 Td (over ) Tj ET Q q 0 0 0 rg BT 550.28 414.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 75.33 402.60 Td (30-day ) Tj ET Q q 0 0 0 rg BT 105.60 402.60 Td (production ) Tj ET Q q 0 0 0 rg BT 151.42 402.60 Td (period ) Tj ET Q q 0 0 0 rg BT 179.47 402.60 Td (was ) Tj ET Q q 0 0 0 rg BT 197.52 402.60 Td (1,050 ) Tj ET Q q 0 0 0 rg BT 222.52 402.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 251.14 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.97 402.60 Td (oil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 87.51 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 90.24 378.60 Td (is ) Tj ET Q q 0 0 0 rg BT 99.64 378.60 Td (located ) Tj ET Q q 0 0 0 rg BT 131.24 378.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 191.73 378.60 Td (1) Tj ET Q q 0 0 0 rg BT 196.36 378.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 209.09 378.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 233.49 378.60 Td (north ) Tj ET Q q 0 0 0 rg BT 257.33 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 268.39 378.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 287.79 378.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 314.39 378.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 340.18 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.35 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 371.74 378.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 410.57 378.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 439.39 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.90 378.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 493.18 378.60 Td (connect ) Tj ET Q q 0 0 0 rg BT 527.00 378.60 Td (this ) Tj ET Q q 0 0 0 rg BT 544.18 378.60 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.47 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 75.00 366.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 118.83 366.60 Td (Pipeline.Our ) Tj ET Q q 0 0 0 rg BT 176.85 366.60 Td (current ) Tj ET Q q 0 0 0 rg BT 207.37 366.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 226.78 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 240.64 366.60 Td (initiating ) Tj ET Q q 0 0 0 rg BT 278.94 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 285.58 366.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 299.47 365.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.72 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.91 366.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 328.22 366.60 Td (at ) Tj ET Q q 0 0 0 rg BT 337.63 366.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 357.64 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 359.84 366.60 Td (is ) Tj ET Q q 0 0 0 rg BT 368.70 366.60 Td (several ) Tj ET Q q 0 0 0 rg BT 399.21 366.60 Td (years ) Tj ET Q q 0 0 0 rg BT 422.51 366.60 Td (from ) Tj ET Q q 0 0 0 rg BT 444.14 366.60 Td (now) Tj ET Q q 0 0 0 rg BT 460.72 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 465.41 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.83 366.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 508.14 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.66 366.60 Td (which ) Tj ET Q q 0 0 0 rg BT 545.30 366.60 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (change ) Tj ET Q q 0 0 0 rg BT 80.59 354.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 125.03 354.60 Td (on ) Tj ET Q q 0 0 0 rg BT 137.80 354.60 Td (future ) Tj ET Q q 0 0 0 rg BT 164.46 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 177.79 354.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 206.95 354.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 241.93 354.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 286.37 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.59 354.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 336.36 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.57 354.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 401.33 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.44 354.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 426.33 353.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.58 354.60 Td (. ) Tj ET Q q 0 0 0 rg BT 434.86 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 437.44 354.60 Td (W) Tj ET Q q 0 0 0 rg BT 446.07 354.60 Td (e ) Tj ET Q q 0 0 0 rg BT 453.29 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 468.27 354.60 Td (tar) Tj ET Q q 0 0 0 rg BT 478.64 354.60 Td (geting ) Tj ET Q q 0 0 0 rg BT 506.41 354.60 Td (an ) Tj ET Q q 0 0 0 rg BT 518.63 354.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 85.33 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.60 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.32 342.60 Td (first ) Tj ET Q q 0 0 0 rg BT 128.93 342.60 Td (half ) Tj ET Q q 0 0 0 rg BT 146.98 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.81 342.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 180.31 342.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 221.12 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 228.06 342.60 Td (path ) Tj ET Q q 0 0 0 rg BT 247.78 342.60 Td (forward ) Tj ET Q q 0 0 0 rg BT 281.93 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 296.09 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 309.98 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.23 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 315.73 342.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 352.11 342.60 Td (at ) Tj ET Q q 0 0 0 rg BT 361.83 342.60 Td (CCA. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 318.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 98.77 318.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.93 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.33 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 127.72 318.60 Td (In ) Tj ET Q q 0 0 0 rg BT 138.44 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.05 318.60 Td (second ) Tj ET Q q 0 0 0 rg BT 183.22 318.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 213.93 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.65 318.60 Td (201) Tj ET Q q 0 0 0 rg BT 239.28 318.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 249.17 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 263.23 318.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 295.05 318.60 Td (into ) Tj ET Q q 0 0 0 rg BT 313.00 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 319.83 318.60 Td (farm-in ) Tj ET Q q 0 0 0 rg BT 352.21 318.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 398.74 318.60 Td (under ) Tj ET Q q 0 0 0 rg BT 423.91 318.60 Td (which ) Tj ET Q q 0 0 0 rg BT 450.74 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 464.79 318.60 Td (obtained ) Tj ET Q q 0 0 0 rg BT 501.62 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.45 318.60 Td (65% ) Tj ET Q q 0 0 0 rg BT 529.18 318.60 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.54 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 93.93 306.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 124.74 306.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 151.41 306.60 Td (located ) Tj ET Q q 0 0 0 rg BT 183.89 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.28 306.60 Td (Natrona ) Tj ET Q q 0 0 0 rg BT 231.09 306.60 Td (County) Tj ET Q q 0 0 0 rg BT 259.89 306.60 Td (, ) Tj ET Q q 0 0 0 rg BT 265.74 306.60 Td (W) Tj ET Q q 0 0 0 rg BT 274.58 306.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 311.24 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.63 306.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 363.99 306.60 Td (for ) Tj ET Q q 0 0 0 rg BT 379.26 306.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 427.30 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.13 306.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 473.94 306.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 498.11 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 512.00 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.25 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 518.86 306.60 Td (flood. ) Tj ET Q q 0 0 0 rg BT 546.07 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.42 306.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 306.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 93.76 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 100.81 294.60 Td (three-mile ) Tj ET Q q 0 0 0 rg BT 144.50 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.40 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.65 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.25 294.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 199.08 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 209.46 294.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 239.83 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 253.73 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.98 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 259.58 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 281.63 294.60 Td (an ) Tj ET Q q 0 0 0 rg BT 293.68 294.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 327.95 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.85 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.09 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.70 294.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 382.52 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.91 294.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 422.73 294.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 445.89 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 456.28 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.11 294.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 498.15 294.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.08 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 540.02 294.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 565.02 294.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (During ) Tj ET Q q 0 0 0 rg BT 80.75 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.88 282.60 Td (third ) Tj ET Q q 0 0 0 rg BT 117.68 282.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 148.91 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.15 282.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 185.57 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.70 282.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.50 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.86 282.60 Td (its ) Tj ET Q q 0 0 0 rg BT 272.22 282.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 293.47 282.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 326.37 282.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 357.60 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.29 282.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 398.42 282.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 421.89 282.60 Td (reached ) Tj ET Q q 0 0 0 rg BT 455.89 282.60 Td (an ) Tj ET Q q 0 0 0 rg BT 468.24 282.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 512.80 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 523.49 282.60 Td (revise ) Tj ET Q q 0 0 0 rg BT 550.28 282.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 69.99 270.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 102.12 270.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 154.24 270.60 Td (between ) Tj ET Q q 0 0 0 rg BT 189.71 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.08 270.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 232.88 270.60 Td (for ) Tj ET Q q 0 0 0 rg BT 246.69 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.06 270.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 302.65 270.60 Td (development ) Tj ET Q q 0 0 0 rg BT 356.45 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.93 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.30 270.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 404.27 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 406.27 270.60 Td (The ) Tj ET Q q 0 0 0 rg BT 423.97 270.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 454.99 270.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 498.79 270.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 535.38 270.60 Td (for ) Tj ET Q q 0 0 0 rg BT 549.19 270.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 81.06 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.08 258.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 113.65 258.60 Td (up ) Tj ET Q q 0 0 0 rg BT 126.89 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.91 258.60 Td ($55 ) Tj ET Q q 0 0 0 rg BT 156.15 258.60 Td (million ) Tj ET Q q 0 0 0 rg BT 188.28 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.85 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.31 258.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 259.09 258.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 300.66 258.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 330.55 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.57 258.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 381.46 258.60 Td (development ) Tj ET Q q 0 0 0 rg BT 436.35 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.92 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.38 258.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 494.94 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 512.62 258.60 Td (fieldwork ) Tj ET Q q 0 0 0 rg BT 554.74 258.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 89.04 246.60 Td (for ) Tj ET Q q 0 0 0 rg BT 102.48 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 108.70 246.60 Td (14% ) Tj ET Q q 0 0 0 rg BT 128.82 246.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 156.15 246.60 Td (working ) Tj ET Q q 0 0 0 rg BT 191.26 246.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 222.48 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.70 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 244.92 246.60 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 312.25 246.60 Td (sharing ) Tj ET Q q 0 0 0 rg BT 343.47 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.58 246.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 387.01 246.60 Td (from ) Tj ET Q q 0 0 0 rg BT 408.24 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.24 246.60 Td (first ) Tj ET Q q 0 0 0 rg BT 440.13 246.60 Td (2 ) Tj ET Q q 0 0 0 rg BT 446.91 246.60 Td (million ) Tj ET Q q 0 0 0 rg BT 477.59 246.60 Td (barrels ) Tj ET Q q 0 0 0 rg BT 506.58 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 516.69 246.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 565.02 246.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (As ) Tj ET Q q 0 0 0 rg BT 63.14 234.60 Td (a ) Tj ET Q q 0 0 0 rg BT 70.11 234.60 Td (result ) Tj ET Q q 0 0 0 rg BT 94.85 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 105.71 234.60 Td (this ) Tj ET Q q 0 0 0 rg BT 122.68 234.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 169.35 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 185.21 234.60 Td (working ) Tj ET Q q 0 0 0 rg BT 221.06 234.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.02 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 263.33 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.07 234.60 Td (field ) Tj ET Q q 0 0 0 rg BT 298.92 234.60 Td (was ) Tj ET Q q 0 0 0 rg BT 317.00 234.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 351.17 234.60 Td (from ) Tj ET Q q 0 0 0 rg BT 373.14 234.60 Td (65% ) Tj ET Q q 0 0 0 rg BT 394.00 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.30 234.60 Td (51%. ) Tj ET Q q 0 0 0 rg BT 427.66 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.00 234.60 Td (This ) Tj ET Q q 0 0 0 rg BT 450.31 234.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 502.81 234.60 Td (accelerated ) 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 (remaining ) Tj ET Q q 0 0 0 rg BT 92.54 222.60 Td (development ) Tj ET Q q 0 0 0 rg BT 146.69 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.52 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.24 222.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 203.06 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.00 222.60 Td (fieldwork, ) Tj ET Q q 0 0 0 rg BT 263.88 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.81 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 294.97 222.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 333.57 222.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 374.93 222.60 Td (first ) Tj ET Q q 0 0 0 rg BT 393.54 222.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 424.92 222.60 Td (production ) Tj ET Q q 0 0 0 rg BT 470.74 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 481.02 222.60 Td (mid-2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 198.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 105.02 198.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 131.44 198.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 158.15 198.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.68 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 169.32 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 176.30 198.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 213.26 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.13 198.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 261.10 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 271.42 198.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 306.16 198.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 330.91 198.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 354.01 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 364.32 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.08 198.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 406.05 198.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 436.91 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.78 198.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 472.81 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 475.17 198.60 Td (The ) Tj ET Q q 0 0 0 rg BT 493.25 198.60 Td (field ) Tj ET Q q 0 0 0 rg BT 514.12 198.60 Td (is ) Tj ET Q q 0 0 0 rg BT 523.33 198.60 Td (located ) Tj ET Q q 0 0 0 rg BT 554.74 198.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.78 186.60 Td (Powder ) Tj ET Q q 0 0 0 rg BT 96.40 186.60 Td (River ) Tj ET Q q 0 0 0 rg BT 120.69 186.60 Td (Basin ) Tj ET Q q 0 0 0 rg BT 145.54 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.93 186.60 Td (northeastern ) Tj ET Q q 0 0 0 rg BT 207.28 186.60 Td (W) Tj ET Q q 0 0 0 rg BT 216.11 186.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 251.24 186.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 311.06 186.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 323.13 186.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 346.87 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 368.37 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 383.77 186.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 427.47 186.60 Td (Pipeline. ) Tj ET Q q 0 0 0 rg BT 464.81 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.88 186.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 501.16 186.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 525.44 186.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 548.06 186.60 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.12 174.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 120.20 174.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 155.26 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.89 174.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 225.96 174.60 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 240.76 174.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 280.85 174.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.37 174.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 348.75 174.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.75 174.60 Td (, ) Tj ET Q q 0 0 0 rg BT 373.56 174.60 Td (net ) Tj ET Q q 0 0 0 rg BT 388.08 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.16 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 413.79 174.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 448.03 174.60 Td (1.1 ) Tj ET Q q 0 0 0 rg BT 462.83 174.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 502.92 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 513.56 174.60 Td (which ) Tj ET Q q 0 0 0 rg BT 540.30 174.60 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.30 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.54 162.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 106.33 162.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.68 162.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 166.26 162.60 Td (Big ) Tj ET Q q 0 0 0 rg BT 183.73 162.60 Td (Geor) Tj ET Q q 0 0 0 rg BT 203.54 162.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 216.00 162.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 235.68 162.60 Td (zone.During ) Tj ET Q q 0 0 0 rg BT 293.41 162.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 162.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 336.11 162.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.43 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.45 162.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.81 162.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.81 162.60 Td (, ) Tj ET Q q 0 0 0 rg BT 404.33 162.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 454.56 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 500.91 162.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 540.01 162.60 Td (1,518 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 82.19 150.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 124.02 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 134.21 150.60 Td (1,665 ) Tj ET Q q 0 0 0 rg BT 159.12 150.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 189.31 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.50 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.12 150.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 240.97 150.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 271.69 150.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.43 150.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.43 150.60 Td (. ) Tj ET Q q 0 0 0 rg BT 307.34 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.22 150.60 Td (After ) Tj ET Q q 0 0 0 rg BT 332.73 150.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 384.02 150.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 431.42 150.60 Td (5 ) Tj ET Q q 0 0 0 rg BT 438.83 150.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 462.34 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 472.53 150.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 507.15 150.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 531.77 150.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 554.74 150.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 74.77 138.60 Td (we ) Tj ET Q q 0 0 0 rg BT 89.20 138.60 Td (suspended ) Tj ET Q q 0 0 0 rg BT 133.63 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 148.62 138.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 198.59 138.60 Td (development ) Tj ET Q q 0 0 0 rg BT 253.01 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.11 138.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 299.09 138.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 324.07 138.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 347.40 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 357.94 138.60 Td (light ) Tj ET Q q 0 0 0 rg BT 379.05 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.15 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.14 138.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 418.46 138.60 Td (price ) Tj ET Q q 0 0 0 rg BT 441.22 138.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 497.03 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.19 138.60 Td (Activity ) Tj ET Q q 0 0 0 rg BT 534.73 138.60 Td (around ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (this ) Tj ET Q q 0 0 0 rg BT 66.06 126.60 Td (field ) Tj ET Q q 0 0 0 rg BT 86.50 126.60 Td (has ) Tj ET Q q 0 0 0 rg BT 101.94 126.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 143.48 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 153.37 126.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 188.24 126.60 Td (over ) Tj ET Q q 0 0 0 rg BT 208.12 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.45 126.60 Td (past ) Tj ET Q q 0 0 0 rg BT 240.67 126.60 Td (year) Tj ET Q q 0 0 0 rg BT 257.48 126.60 Td (, ) Tj ET Q q 0 0 0 rg BT 262.09 126.60 Td (with ) Tj ET Q q 0 0 0 rg BT 281.98 126.60 Td (several ) Tj ET Q q 0 0 0 rg BT 312.41 126.60 Td (operators ) Tj ET Q q 0 0 0 rg BT 351.72 126.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 380.50 126.60 Td (various ) Tj ET Q q 0 0 0 rg BT 412.05 126.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 457.49 126.60 Td (for ) Tj ET Q q 0 0 0 rg BT 471.26 126.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 508.36 126.60 Td (development. ) Tj ET Q q 0 0 0 rg BT 565.01 126.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (In ) Tj ET Q q 0 0 0 rg BT 61.08 114.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 86.83 114.60 Td (we ) Tj ET Q q 0 0 0 rg BT 101.74 114.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 141.09 114.60 Td (have ) Tj ET Q q 0 0 0 rg BT 163.22 114.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 187.58 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 198.60 114.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 218.52 114.60 Td (one ) Tj ET Q q 0 0 0 rg BT 236.21 114.60 Td (well ) Tj ET Q q 0 0 0 rg BT 256.68 114.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 286.59 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.06 114.60 Td (deeper ) Tj ET Q q 0 0 0 rg BT 331.96 114.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 378.53 114.60 Td (that ) Tj ET Q q 0 0 0 rg BT 396.78 114.60 Td (exist ) Tj ET Q q 0 0 0 rg BT 418.92 114.60 Td (on ) Tj ET Q q 0 0 0 rg BT 432.17 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.75 114.60 Td (acreage. ) Tj ET Q q 0 0 0 rg BT 485.02 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 488.04 114.60 Td (W) Tj ET Q q 0 0 0 rg BT 496.68 114.60 Td (e ) Tj ET Q q 0 0 0 rg BT 504.37 114.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 536.49 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 551.96 114.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 87.22 102.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 146.58 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.10 102.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 191.48 102.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 215.87 102.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 238.61 102.60 Td (make ) Tj ET Q q 0 0 0 rg BT 262.45 102.60 Td (it ) Tj ET Q q 0 0 0 rg BT 270.18 102.60 Td (well ) Tj ET Q q 0 0 0 rg BT 289.58 102.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 315.65 102.60 Td (for ) Tj ET Q q 0 0 0 rg BT 329.49 102.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 343.38 101.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.63 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 348.81 102.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 370.99 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 380.95 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.34 102.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 423.90 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 425.92 102.60 Td (W) Tj ET Q q 0 0 0 rg BT 434.56 102.60 Td (e ) Tj ET Q q 0 0 0 rg BT 441.18 102.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 479.45 102.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 498.85 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 508.81 102.60 Td (initiate ) Tj ET Q q 0 0 0 rg BT 538.76 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 545.38 102.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.27 101.17 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 90.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 72.80 90.60 Td (at ) Tj ET Q q 0 0 0 rg BT 82.21 90.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 116.61 90.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 141.01 90.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 163.76 90.60 Td (several ) Tj ET Q q 0 0 0 rg BT 194.27 90.60 Td (years ) Tj ET Q q 0 0 0 rg BT 217.56 90.60 Td (from ) Tj ET Q q 0 0 0 rg BT 239.19 90.60 Td (now) Tj ET Q q 0 0 0 rg BT 255.76 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 260.46 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.87 90.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 303.17 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 313.69 90.60 Td (which ) Tj ET Q q 0 0 0 rg BT 340.33 90.60 Td (is ) Tj ET Q q 0 0 0 rg BT 349.19 90.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 392.47 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 404.67 90.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 433.51 90.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 480.69 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.32 90.60 Td (future ) Tj ET Q q 0 0 0 rg BT 523.39 90.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 536.14 90.60 Td (prices.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 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 (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 77.37 726.75 Td (Non-T) Tj ET Q q 0 0 0 rg BT 104.23 726.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 136.16 726.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 151.99 726.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 162.36 726.75 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (Despite ) Tj ET Q q 0 0 0 rg BT 99.75 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.67 702.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 149.26 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 159.29 702.75 Td (our ) Tj ET Q q 0 0 0 rg BT 174.33 702.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 186.59 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 202.73 702.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 232.20 702.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 247.23 702.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 288.92 702.75 Td (discussed ) Tj ET Q q 0 0 0 rg BT 328.96 702.75 Td (above ) Tj ET Q q 0 0 0 rg BT 354.54 702.75 Td (consisting ) Tj ET Q q 0 0 0 rg BT 396.80 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.83 702.75 Td (either ) Tj ET Q q 0 0 0 rg BT 431.30 702.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 464.67 702.75 Td (or ) Tj ET Q q 0 0 0 rg BT 474.70 702.75 Td (planned ) Tj ET Q q 0 0 0 rg BT 508.06 702.75 Td (future ) Tj ET Q q 0 0 0 rg BT 533.64 702.75 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (floods, ) Tj ET Q q 0 0 0 rg BT 79.44 690.75 Td (we ) Tj ET Q q 0 0 0 rg BT 93.55 690.75 Td (do ) Tj ET Q q 0 0 0 rg BT 105.99 690.75 Td (also ) Tj ET Q q 0 0 0 rg BT 124.54 690.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 159.19 690.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 172.19 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 189.07 690.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 219.28 690.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 235.05 690.75 Td (either ) Tj ET Q q 0 0 0 rg BT 260.26 690.75 Td (from ) Tj ET Q q 0 0 0 rg BT 282.14 690.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 306.80 690.75 Td (in ) Tj ET Q q 0 0 0 rg BT 317.02 690.75 Td (both ) Tj ET Q q 0 0 0 rg BT 337.24 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 353.01 690.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 373.79 690.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 399.01 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 415.89 690.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 444.44 690.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 485.77 690.75 Td (regions ) Tj ET Q q 0 0 0 rg BT 517.65 690.75 Td (that ) Tj ET Q q 0 0 0 rg BT 535.09 690.75 Td (are ) Tj ET Q q 0 0 0 rg BT 549.74 690.75 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (amenable ) Tj ET Q q 0 0 0 rg BT 90.77 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 101.50 678.75 Td (EOR ) Tj ET Q q 0 0 0 rg BT 124.46 678.75 Td (or ) Tj ET Q q 0 0 0 rg BT 135.74 678.75 Td (from ) Tj ET Q q 0 0 0 rg BT 158.14 678.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 192.18 678.75 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 234.57 678.75 Td (\(within ) Tj ET Q q 0 0 0 rg BT 266.41 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 278.81 678.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 313.43 678.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 345.25 678.75 Td (field\) ) Tj ET Q q 0 0 0 rg BT 369.86 678.75 Td (that ) Tj ET Q q 0 0 0 rg BT 387.81 678.75 Td (are ) Tj ET Q q 0 0 0 rg BT 402.98 678.75 Td (not ) Tj ET Q q 0 0 0 rg BT 418.71 678.75 Td (amenable ) Tj ET Q q 0 0 0 rg BT 459.98 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 470.71 678.75 Td (EOR. ) Tj ET Q q 0 0 0 rg BT 496.17 678.75 Td ( ) Tj ET Q q 0 0 0 rg BT 499.12 678.75 Td (For ) Tj ET Q q 0 0 0 rg BT 515.97 678.75 Td (example, ) Tj ET Q q 0 0 0 rg BT 555.30 678.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 88.74 666.75 Td (g ) Tj ET Q q 0 0 0 rg BT 95.17 666.75 Td (Field, ) Tj ET Q q 0 0 0 rg BT 119.65 666.75 Td (we ) Tj ET Q q 0 0 0 rg BT 132.74 666.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 166.37 666.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 195.56 666.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 210.32 666.75 Td (from ) Tj ET Q q 0 0 0 rg BT 231.18 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 244.82 666.75 Td (Selma ) Tj ET Q q 0 0 0 rg BT 271.24 666.75 Td (Chalk ) Tj ET Q q 0 0 0 rg BT 296.56 666.75 Td (reservoir) Tj ET Q q 0 0 0 rg BT 331.69 666.75 Td (, ) Tj ET Q q 0 0 0 rg BT 335.62 666.75 Td (which ) Tj ET Q q 0 0 0 rg BT 361.48 666.75 Td (is ) Tj ET Q q 0 0 0 rg BT 369.58 666.75 Td (separate ) Tj ET Q q 0 0 0 rg BT 403.76 666.75 Td (from ) Tj ET Q q 0 0 0 rg BT 424.62 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 438.26 666.75 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 480.25 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 496.11 666.75 Td (Eutaw ) Tj ET Q q 0 0 0 rg BT 523.08 666.75 Td (reservoirs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.54 654.75 Td (being ) Tj ET Q q 0 0 0 rg BT 113.69 654.75 Td (flooded ) Tj ET Q q 0 0 0 rg BT 147.18 654.75 Td (with ) Tj ET Q q 0 0 0 rg BT 167.90 654.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 181.79 653.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.04 654.75 Td (. ) Tj ET Q q 0 0 0 rg BT 190.49 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 193.43 654.75 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 241.38 654.75 Td (production ) Tj ET Q q 0 0 0 rg BT 287.64 654.75 Td (from ) Tj ET Q q 0 0 0 rg BT 310.02 654.75 Td (these ) Tj ET Q q 0 0 0 rg BT 333.51 654.75 Td (other ) Tj ET Q q 0 0 0 rg BT 357.00 654.75 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 407.14 654.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 450.07 654.75 Td (totaled ) Tj ET Q q 0 0 0 rg BT 480.23 654.75 Td (1,875 ) Tj ET Q q 0 0 0 rg BT 505.67 654.75 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 536.39 654.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 642.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 91.16 642.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 121.97 642.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.80 642.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.80 642.75 Td (, ) Tj ET Q q 0 0 0 rg BT 157.80 642.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 199.72 642.75 Td (to ) Tj ET Q q 0 0 0 rg BT 210.00 642.75 Td (2,035 ) Tj ET Q q 0 0 0 rg BT 235.00 642.75 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 265.28 642.75 Td (during ) Tj ET Q q 0 0 0 rg BT 293.89 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 308.61 642.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 335.54 642.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 366.36 642.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.19 642.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.19 642.75 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 630.75 Td () Tj ET Q BT /F2 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 67.29 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 69.24 618.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 93.40 618.75 Td (GAS ) Tj ET Q q 0 0 0 rg BT 115.91 618.75 Td (ACREAGE, ) Tj ET Q q 0 0 0 rg BT 170.92 618.75 Td (PRODUCTIVE ) Tj ET Q q 0 0 0 rg BT 240.46 618.75 Td (WELLS ) Tj ET Q q 0 0 0 rg BT 277.98 618.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 302.15 618.75 Td (DRILLING ) Tj ET Q q 0 0 0 rg BT 354.66 618.75 Td (ACTIVITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.75 Td (In ) Tj ET Q q 0 0 0 rg BT 77.80 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 91.99 594.75 Td (data ) Tj ET Q q 0 0 0 rg BT 110.61 594.75 Td (below) Tj ET Q q 0 0 0 rg BT 134.40 594.75 Td (, ) Tj ET Q q 0 0 0 rg BT 138.87 594.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 170.83 594.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 213.33 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.52 594.75 Td (total ) Tj ET Q q 0 0 0 rg BT 247.26 594.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 269.77 594.75 Td (or ) Tj ET Q q 0 0 0 rg BT 280.07 594.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 303.15 594.75 Td (in ) Tj ET Q q 0 0 0 rg BT 312.89 594.75 Td (which ) Tj ET Q q 0 0 0 rg BT 339.30 594.75 Td (we ) Tj ET Q q 0 0 0 rg BT 352.93 594.75 Td (own ) Tj ET Q q 0 0 0 rg BT 372.12 594.75 Td (a ) Tj ET Q q 0 0 0 rg BT 378.53 594.75 Td (working ) Tj ET Q q 0 0 0 rg BT 413.83 594.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.23 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 461.64 594.75 Td (net ) Tj ET Q q 0 0 0 rg BT 484.70 594.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 527.21 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 594.75 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (acres ) Tj ET Q q 0 0 0 rg BT 73.08 582.75 Td (or ) Tj ET Q q 0 0 0 rg BT 84.46 582.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 108.61 582.75 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 152.77 582.75 Td (by ) Tj ET Q q 0 0 0 rg BT 165.81 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 182.19 582.75 Td (working ) Tj ET Q q 0 0 0 rg BT 218.57 582.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.04 582.75 Td (percentage.For ) Tj ET Q q 0 0 0 rg BT 318.78 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.05 582.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 358.20 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 376.24 582.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 411.49 582.75 Td (both ) Tj ET Q q 0 0 0 rg BT 432.32 582.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 445.92 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.41 582.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 482.28 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.54 582.75 Td (well ) Tj ET Q q 0 0 0 rg BT 517.81 582.75 Td (is ) Tj ET Q q 0 0 0 rg BT 527.52 582.75 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 89.76 570.75 Td (as ) Tj ET Q q 0 0 0 rg BT 100.59 570.75 Td (an ) Tj ET Q q 0 0 0 rg BT 112.53 570.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 125.59 570.75 Td (or ) Tj ET Q q 0 0 0 rg BT 136.42 570.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.68 570.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.51 570.75 Td (well ) Tj ET Q q 0 0 0 rg BT 202.23 570.75 Td (based ) Tj ET Q q 0 0 0 rg BT 227.50 570.75 Td (on ) Tj ET Q q 0 0 0 rg BT 240.00 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.71 570.75 Td (ratio ) Tj ET Q q 0 0 0 rg BT 275.54 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 286.37 570.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 299.43 570.75 Td (to ) Tj ET Q q 0 0 0 rg BT 309.71 570.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.97 570.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 355.80 570.75 Td (production.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 546.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 102.58 546.75 Td (Acr) Tj ET Q q 0 0 0 rg BT 118.49 546.75 Td (eage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 522.75 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 522.75 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 522.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.37 522.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.31 522.75 Td (our ) Tj ET Q q 0 0 0 rg BT 204.14 522.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 237.16 522.75 Td (position ) Tj ET Q q 0 0 0 rg BT 271.88 522.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 522.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 340.19 522.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.19 522.75 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 486.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 486.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 486.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 486.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 486.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 486.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 486.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 486.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 486.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 486.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 486.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 486.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 456.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 456.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 456.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 456.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 456.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 456.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 456.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 456.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 456.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 456.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 456.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 456.25 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 206 499.25 m 262 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 499.25 m 266 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 499.25 m 322 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 499.25 m 382 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 499.25 m 386 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 499.25 m 442 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 499.25 m 502 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 499.25 m 506 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 499.25 m 562 499.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 486.25 m 262 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 486.25 m 322 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 486.25 m 382 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 486.25 m 442 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 486.25 m 502 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 486.25 m 562 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 486.25 m 262 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 486.25 m 322 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 486.25 m 382 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 486.25 m 442 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 486.25 m 502 486.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 486.25 m 562 486.25 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 503.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.15 503.50 Td (Developed) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.15 503.50 Td (Undeveloped) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 503.50 Td (T) Tj ET Q q 0 0 0 rg BT 499.91 503.50 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 490.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.15 490.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.70 490.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.15 490.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.70 490.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.15 490.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.70 490.50 Td (Net) 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 225.65 475.92 Td (251,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 475.92 Td (201,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 475.92 Td (285,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 475.92 Td (16,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 475.92 Td (537,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 475.92 Td (218,227) 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 225.65 460.92 Td (360,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 460.92 Td (316,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 460.92 Td (169,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 460.92 Td (58,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 460.92 Td (530,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 460.92 Td (374,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 445.92 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 445.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 445.92 Td (61) Tj ET Q q 0 0 0 rg BT 235.65 445.92 Td (1,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 445.92 Td (517,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 445.92 Td (455,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 445.92 Td (74,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 445.92 Td (1,067,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 445.92 Td (592,278) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 417.75 Td (The ) Tj ET Q q 0 0 0 rg BT 86.53 417.75 Td (percentage ) Tj ET Q q 0 0 0 rg BT 133.31 417.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.13 417.75 Td (our ) Tj ET Q q 0 0 0 rg BT 161.94 417.75 Td (net ) Tj ET Q q 0 0 0 rg BT 177.64 417.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 232.22 417.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 266.22 417.75 Td (that ) Tj ET Q q 0 0 0 rg BT 284.70 417.75 Td (is ) Tj ET Q q 0 0 0 rg BT 294.85 417.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 326.66 417.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.92 417.75 Td (expiration ) Tj ET Q q 0 0 0 rg BT 381.95 417.75 Td (over ) Tj ET Q q 0 0 0 rg BT 403.20 417.75 Td (the ) Tj ET Q q 0 0 0 rg BT 418.90 417.75 Td (next ) Tj ET Q q 0 0 0 rg BT 439.60 417.75 Td (three ) Tj ET Q q 0 0 0 rg BT 463.07 417.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 490.15 417.75 Td (if ) Tj ET Q q 0 0 0 rg BT 499.74 417.75 Td (not ) Tj ET Q q 0 0 0 rg BT 516.00 417.75 Td (renewed, ) Tj ET Q q 0 0 0 rg BT 555.85 417.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.76 405.75 Td (13% ) Tj ET Q q 0 0 0 rg BT 130.59 405.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.87 405.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.87 405.75 Td (, ) Tj ET Q q 0 0 0 rg BT 165.87 405.75 Td (31% ) Tj ET Q q 0 0 0 rg BT 186.70 405.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.98 405.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.98 405.75 Td ( ) Tj ET Q q 0 0 0 rg BT 219.48 405.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.41 405.75 Td (3% ) Tj ET Q q 0 0 0 rg BT 252.24 405.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.52 405.75 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.52 405.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 381.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 381.75 Td (oductive ) Tj ET Q q 0 0 0 rg BT 98.29 381.75 Td (W) Tj ET Q q 0 0 0 rg BT 107.74 381.75 Td (ells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 357.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 357.75 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 357.75 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 357.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.37 357.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.31 357.75 Td (our ) Tj ET Q q 0 0 0 rg BT 204.14 357.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 227.75 357.75 Td (and ) Tj ET Q q 0 0 0 rg BT 244.69 357.75 Td (net ) Tj ET Q q 0 0 0 rg BT 259.40 357.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 304.67 357.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 317.72 357.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.66 357.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 364.93 357.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 380.76 357.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 404.37 357.75 Td (as ) Tj ET Q q 0 0 0 rg BT 415.20 357.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.03 357.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 484.61 357.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.61 357.75 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 321.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 321.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 321.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 321.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 321.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 321.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 321.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 321.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 321.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 321.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 321.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 321.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 291.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 291.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 291.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 291.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 291.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 291.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 291.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 291.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 291.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 291.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 291.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 291.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 261.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 261.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 261.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 261.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 261.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 261.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 261.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 261.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 261.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 261.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 261.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 261.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 231.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 231.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 231.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 231.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 231.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 231.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 231.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 231.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 231.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 231.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 231.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 231.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 201.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 201.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 201.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 201.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 201.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 201.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 201.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 201.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 201.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 201.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 201.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 201.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 171.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 171.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 171.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 171.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 171.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 171.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 171.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 171.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 171.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 171.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 171.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 171.25 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 206 334.25 m 262 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 334.25 m 266 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 334.25 m 322 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 334.25 m 382 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 334.25 m 386 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 334.25 m 442 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 334.25 m 502 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 334.25 m 506 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 334.25 m 562 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 321.25 m 262 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 321.25 m 322 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 321.25 m 382 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 321.25 m 442 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 321.25 m 502 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 321.25 m 562 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 321.25 m 262 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 321.25 m 322 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 321.25 m 382 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 321.25 m 442 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 321.25 m 502 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 321.25 m 562 321.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 276.25 m 262 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 276.25 m 322 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 276.25 m 382 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 276.25 m 442 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 276.25 m 502 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 276.25 m 562 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 262.25 m 262 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 260.25 m 262 260.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 262.25 m 322 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 260.25 m 322 260.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 262.25 m 382 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 260.25 m 382 260.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 262.25 m 442 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 260.25 m 442 260.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 262.25 m 502 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 260.25 m 502 260.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 262.25 m 562 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 260.25 m 562 260.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 216.25 m 262 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 216.25 m 322 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 216.25 m 382 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 216.25 m 442 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 216.25 m 502 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 216.25 m 562 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 202.25 m 262 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 200.25 m 262 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 202.25 m 322 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 200.25 m 322 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 202.25 m 382 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 200.25 m 382 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 202.25 m 442 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 200.25 m 442 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 202.25 m 502 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 200.25 m 502 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 202.25 m 562 202.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 200.25 m 562 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 156.25 m 262 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 156.25 m 322 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 156.25 m 382 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 156.25 m 442 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 156.25 m 502 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 156.25 m 562 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 142.25 m 262 142.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 140.25 m 262 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 142.25 m 322 142.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 140.25 m 322 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 142.25 m 382 142.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 140.25 m 382 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 142.25 m 442 142.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 140.25 m 442 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 142.25 m 502 142.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 140.25 m 502 140.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 142.25 m 562 142.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 140.25 m 562 140.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 338.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 338.50 Td (Producing Oil ) Tj ET Q q 0 0 0 rg BT 278.04 338.50 Td (W) Tj ET Q q 0 0 0 rg BT 285.20 338.50 Td (ells) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.90 338.50 Td (Producing Natural Gas ) Tj ET Q q 0 0 0 rg BT 412.14 338.50 Td (W) Tj ET Q q 0 0 0 rg BT 419.30 338.50 Td (ells) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 338.50 Td (T) Tj ET Q q 0 0 0 rg BT 499.91 338.50 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 325.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.15 325.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.70 325.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.15 325.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.70 325.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.15 325.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.70 325.50 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 310.93 Td (Operated wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 310.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 310.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 310.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 310.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 310.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 310.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 295.92 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 295.92 Td (1,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 295.92 Td (1,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 295.92 Td (155) Tj ET 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BT 52.50 645.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.15 645.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.70 645.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.15 645.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.70 645.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.15 645.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.70 645.50 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 630.93 Td (Exploratory wells ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.83 635.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.50 630.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 630.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 630.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 630.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 630.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 630.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 615.92 Td (Productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.33 620.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 615.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 615.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 615.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 615.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 615.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 615.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 600.92 Td (Non-productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.32 605.45 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 600.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 600.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 600.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 600.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 600.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 600.92 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 585.93 Td (Development wells ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 134.71 590.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 585.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 585.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.50 585.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 585.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 585.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 585.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 570.92 Td (Productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.33 575.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 570.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 570.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 570.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 570.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 570.92 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 570.92 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 555.92 Td (Non-productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.32 560.45 Td (\(3\)\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 555.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 555.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 555.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 555.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 555.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 555.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 540.92 Td (T) Tj ET Q q 0 0 0 rg BT 81.91 540.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 540.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 540.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 540.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 540.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 540.92 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 540.92 Td (15) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 512.75 Td (An ) Tj ET Q q 0 0 0 rg BT 81.99 512.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 130.36 512.75 Td (well ) Tj ET Q q 0 0 0 rg BT 149.85 512.75 Td (is ) Tj ET Q q 0 0 0 rg BT 158.79 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 165.51 512.75 Td (well ) Tj ET Q q 0 0 0 rg BT 185.00 512.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 213.37 512.75 Td (to ) Tj ET Q q 0 0 0 rg BT 223.42 512.75 Td (find ) Tj ET Q q 0 0 0 rg BT 241.80 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 248.52 512.75 Td (new ) Tj ET Q q 0 0 0 rg BT 267.45 512.75 Td (field ) Tj ET Q q 0 0 0 rg BT 288.05 512.75 Td (or ) Tj ET Q q 0 0 0 rg BT 298.65 512.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.70 512.75 Td (find ) Tj ET Q q 0 0 0 rg BT 327.08 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 333.79 512.75 Td (new ) Tj ET Q q 0 0 0 rg BT 352.73 512.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 390.54 512.75 Td (in ) Tj ET Q q 0 0 0 rg BT 400.59 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 407.30 512.75 Td (field ) Tj ET Q q 0 0 0 rg BT 427.90 512.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 472.39 512.75 Td (found ) Tj ET Q q 0 0 0 rg BT 497.99 512.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.04 512.75 Td (be ) Tj ET Q q 0 0 0 rg BT 519.75 512.75 Td (productive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.75 Td (of ) Tj ET Q q 0 0 0 rg BT 77.58 500.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 89.90 500.75 Td (or ) Tj ET Q q 0 0 0 rg BT 99.98 500.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 129.50 500.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 144.58 500.75 Td (in ) Tj ET Q q 0 0 0 rg BT 154.12 500.75 Td (another ) Tj ET Q q 0 0 0 rg BT 185.85 500.75 Td (reservoir) Tj ET Q q 0 0 0 rg BT 220.84 500.75 Td (. ) Tj ET Q q 0 0 0 rg BT 227.59 500.75 Td (Generally) Tj ET Q q 0 0 0 rg BT 266.37 500.75 Td (, ) Tj ET Q q 0 0 0 rg BT 270.62 500.75 Td (an ) Tj ET Q q 0 0 0 rg BT 281.82 500.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 329.66 500.75 Td (well ) Tj ET Q q 0 0 0 rg BT 348.64 500.75 Td (is ) Tj ET Q q 0 0 0 rg BT 357.06 500.75 Td (any ) Tj ET Q q 0 0 0 rg BT 373.25 500.75 Td (well ) Tj ET Q q 0 0 0 rg BT 392.22 500.75 Td (that ) Tj ET Q q 0 0 0 rg BT 408.97 500.75 Td (is ) Tj ET Q q 0 0 0 rg BT 417.40 500.75 Td (not ) Tj ET Q q 0 0 0 rg BT 431.93 500.75 Td (a ) Tj ET Q q 0 0 0 rg BT 438.12 500.75 Td (development ) Tj ET Q q 0 0 0 rg BT 491.53 500.75 Td (well, ) Tj ET Q q 0 0 0 rg BT 513.00 500.75 Td (an ) Tj ET Q q 0 0 0 rg BT 524.19 500.75 Td (extension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 488.75 Td (well, ) Tj ET Q q 0 0 0 rg BT 89.92 488.75 Td (a ) Tj ET Q q 0 0 0 rg BT 97.07 488.75 Td (service ) Tj ET Q q 0 0 0 rg BT 128.09 488.75 Td (well ) Tj ET Q q 0 0 0 rg BT 148.01 488.75 Td (or ) Tj ET Q q 0 0 0 rg BT 159.04 488.75 Td (a ) Tj ET Q q 0 0 0 rg BT 166.19 488.75 Td (stratigraphic ) Tj ET Q q 0 0 0 rg BT 218.87 488.75 Td (test ) Tj ET Q q 0 0 0 rg BT 235.46 488.75 Td (well. ) Tj ET Q q 0 0 0 rg BT 259.79 488.75 Td (A) Tj ET Q q 0 0 0 rg BT 266.46 488.75 Td ( ) Tj ET Q q 0 0 0 rg BT 269.16 488.75 Td (development ) Tj ET Q q 0 0 0 rg BT 323.52 488.75 Td (well ) Tj ET Q q 0 0 0 rg BT 343.44 488.75 Td (is ) Tj ET Q q 0 0 0 rg BT 352.82 488.75 Td (a ) Tj ET Q q 0 0 0 rg BT 359.96 488.75 Td (well ) Tj ET Q q 0 0 0 rg BT 379.88 488.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 408.69 488.75 Td (within ) Tj ET Q q 0 0 0 rg BT 436.95 488.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.87 488.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 482.35 488.75 Td (area ) Tj ET Q q 0 0 0 rg BT 501.70 488.75 Td (of ) Tj ET Q q 0 0 0 rg BT 512.73 488.75 Td (an ) Tj ET Q q 0 0 0 rg BT 524.88 488.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 538.14 488.75 Td (or ) Tj ET Q q 0 0 0 rg BT 549.17 488.75 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 476.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 105.54 476.75 Td (to ) Tj ET Q q 0 0 0 rg BT 115.82 476.75 Td (the ) Tj ET Q q 0 0 0 rg BT 130.53 476.75 Td (depth ) Tj ET Q q 0 0 0 rg BT 155.25 476.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.08 476.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.02 476.75 Td (stratigraphic ) Tj ET Q q 0 0 0 rg BT 225.50 476.75 Td (horizon ) Tj ET Q q 0 0 0 rg BT 258.54 476.75 Td (known ) Tj ET Q q 0 0 0 rg BT 288.27 476.75 Td (to ) Tj ET Q q 0 0 0 rg BT 298.54 476.75 Td (be ) Tj ET Q q 0 0 0 rg BT 310.48 476.75 Td (productive.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.75 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 452.75 Td ( ) Tj ET Q q 0 0 0 rg BT 76.12 452.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 120.83 452.75 Td (well ) Tj ET Q q 0 0 0 rg BT 139.99 452.75 Td (is ) Tj ET Q q 0 0 0 rg BT 148.61 452.75 Td (an ) Tj ET Q q 0 0 0 rg BT 160.00 452.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 208.04 452.75 Td (or ) Tj ET Q q 0 0 0 rg BT 218.31 452.75 Td (development ) Tj ET Q q 0 0 0 rg BT 271.91 452.75 Td (well ) Tj ET Q q 0 0 0 rg BT 291.08 452.75 Td (found ) Tj ET Q q 0 0 0 rg BT 316.35 452.75 Td (to ) Tj ET Q q 0 0 0 rg BT 326.08 452.75 Td (be ) Tj ET Q q 0 0 0 rg BT 337.46 452.75 Td (capable ) Tj ET Q q 0 0 0 rg BT 369.94 452.75 Td (of ) Tj ET Q q 0 0 0 rg BT 380.22 452.75 Td (producing ) Tj ET Q q 0 0 0 rg BT 422.71 452.75 Td (either ) Tj ET Q q 0 0 0 rg BT 447.43 452.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 459.93 452.75 Td (or ) Tj ET Q q 0 0 0 rg BT 470.21 452.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 499.92 452.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 515.20 452.75 Td (in ) Tj ET Q q 0 0 0 rg BT 524.92 452.75 Td (suf) Tj ET Q q 0 0 0 rg BT 536.96 452.75 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 440.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 108.88 440.75 Td (to ) Tj ET Q q 0 0 0 rg BT 119.16 440.75 Td (justify ) Tj ET Q q 0 0 0 rg BT 147.22 440.75 Td (completion ) Tj ET Q q 0 0 0 rg BT 194.71 440.75 Td (as ) Tj ET Q q 0 0 0 rg BT 205.54 440.75 Td (an ) Tj ET Q q 0 0 0 rg BT 217.48 440.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.53 440.75 Td (or ) Tj ET Q q 0 0 0 rg BT 241.36 440.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 271.63 440.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 287.46 440.75 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.75 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 416.75 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 416.75 Td ( ) Tj ET Q q 0 0 0 rg BT 76.67 416.75 Td (non-productive ) Tj ET Q q 0 0 0 rg BT 140.26 416.75 Td (well ) Tj ET Q q 0 0 0 rg BT 159.98 416.75 Td (is ) Tj ET Q q 0 0 0 rg BT 169.15 416.75 Td (an ) Tj ET Q q 0 0 0 rg BT 181.09 416.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 229.68 416.75 Td (or ) Tj ET Q q 0 0 0 rg BT 240.51 416.75 Td (development ) Tj ET Q q 0 0 0 rg BT 294.66 416.75 Td (well ) Tj ET Q q 0 0 0 rg BT 314.38 416.75 Td (that ) Tj ET Q q 0 0 0 rg BT 331.88 416.75 Td (is ) Tj ET Q q 0 0 0 rg BT 341.04 416.75 Td (not ) Tj ET Q q 0 0 0 rg BT 356.32 416.75 Td (a ) Tj ET Q q 0 0 0 rg BT 363.26 416.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 408.53 416.75 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.75 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 392.75 Td (During ) Tj ET Q q 0 0 0 rg BT 98.33 392.75 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.33 392.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.33 392.75 Td ( ) Tj ET Q q 0 0 0 rg BT 145.83 392.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.77 392.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.77 392.75 Td (, ) Tj ET Q q 0 0 0 rg BT 187.77 392.75 Td (an ) Tj ET Q q 0 0 0 rg BT 199.71 392.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 242.20 392.75 Td (3, ) Tj ET Q q 0 0 0 rg BT 252.20 392.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 259.70 392.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.64 392.75 Td (6 ) Tj ET Q q 0 0 0 rg BT 284.14 392.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 310.24 392.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 357.91 392.75 Td (, ) Tj ET Q q 0 0 0 rg BT 362.91 392.75 Td (were ) Tj ET Q q 0 0 0 rg BT 384.83 392.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 413.44 392.75 Td (for ) Tj ET Q q 0 0 0 rg BT 427.60 392.75 Td (water ) Tj ET Q q 0 0 0 rg BT 452.30 392.75 Td (or ) Tj ET Q q 0 0 0 rg BT 463.13 392.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 477.03 391.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.28 392.75 Td ( ) Tj ET Q q 0 0 0 rg BT 482.78 392.75 Td (injection ) Tj ET Q q 0 0 0 rg BT 520.27 392.75 Td (purposes.) 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 (The ) Tj ET Q q 0 0 0 rg BT 85.82 726.60 Td (following ) Tj ET Q q 0 0 0 rg BT 127.47 726.60 Td (table ) Tj ET Q q 0 0 0 rg BT 149.68 726.60 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 200.21 726.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 222.42 726.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 261.58 726.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 283.78 726.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 310.43 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.64 726.60 Td (production ) Tj ET Q q 0 0 0 rg BT 373.74 726.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.61 726.60 Td (information ) Tj ET Q q 0 0 0 rg BT 442.60 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 457.03 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.13 726.60 Td (net ) Tj ET Q q 0 0 0 rg BT 488.11 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.44 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.65 726.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 726.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 109.49 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.20 714.60 Td (years ) Tj ET Q q 0 0 0 rg BT 147.80 714.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.18 714.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.76 714.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.76 714.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.76 714.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.76 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.26 714.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.20 714.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.20 714.60 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 674.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 674.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 674.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 674.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 674.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 674.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 644.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 644.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 644.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 644.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 644.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 644.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 614.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 614.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 614.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 614.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 614.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 614.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 584.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 584.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 584.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 584.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 584.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 584.10 65.00 -15.00 re f /GS0 gs 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 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 524.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 524.10 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 524.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 524.10 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 524.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 495.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 495.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 495.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 495.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 495.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 495.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 465.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 465.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 465.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 465.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 465.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 465.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 436.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 436.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 436.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 436.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 436.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 436.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 406.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 406.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 406.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 406.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 406.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 406.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 377.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 377.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 377.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 377.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 377.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 377.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 347.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 347.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 347.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 347.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 347.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 347.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 317.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 317.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 317.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 317.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 317.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 317.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 287.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 287.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 287.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 287.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 287.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 287.10 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 359 689.1 m 424 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 689.1 m 428 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 689.1 m 493 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 689.1 m 497 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 689.1 m 562 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 689.1 m 424 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 674.1 m 424 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 689.1 m 493 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 674.1 m 493 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 689.1 m 562 689.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 674.1 m 562 674.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 539.1 m 424 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 539.1 m 493 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 539.1 m 562 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 525.1 m 424 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 523.1 m 424 523.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 539.1 m 493 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 525.1 m 493 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 523.1 m 493 523.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 539.1 m 562 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 525.1 m 562 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 523.1 m 562 523.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 693.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 693.77 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 693.77 Td (ear Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 678.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 678.77 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 678.77 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 678.77 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 663.78 Td (Net sales volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 663.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 663.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 663.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 648.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 648.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 648.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 648.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 633.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 633.77 Td (14,1) Tj ET Q q 0 0 0 rg BT 410.15 633.77 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 633.77 Td (14,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 633.77 Td (16,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 618.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 618.77 Td (1,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 618.77 Td (3,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 618.77 Td (5,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 603.77 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 603.77 Td (otal Gulf Coast region \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 603.77 Td (14,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 603.77 Td (15,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 603.77 Td (17,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 588.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 588.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 588.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 588.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 573.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 573.77 Td (7,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 573.77 Td (7,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 573.77 Td (8,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 558.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 558.77 Td (2,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 558.77 Td (2,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 558.77 Td (2,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 543.77 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 543.77 Td (otal Rocky Mountain region \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 543.77 Td (7,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 543.77 Td (8,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 543.77 Td (8,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 528.77 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 528.77 Td (otal Company \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 528.77 Td (22,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 528.77 Td (23,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 528.77 Td (26,594) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 499.78 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 499.78 Td (verage sales prices excluding impact of derivative settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 499.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 499.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 499.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 484.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 484.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 484.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 484.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 469.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 469.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 469.77 Td (51.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 469.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 469.77 Td (41.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 469.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 469.77 Td (49.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 454.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 454.77 Td (2.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 454.77 Td (2.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 454.77 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 425.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 425.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 425.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 425.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 410.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 410.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 410.77 Td (49.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 410.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 410.77 Td (39.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 410.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 410.77 Td (43.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 395.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 395.77 Td (1.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 395.77 Td (1.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 395.77 Td (2.1) Tj ET Q q 0 0 0 rg BT 553.15 395.77 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 366.77 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 366.77 Td (otal Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 366.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 366.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 366.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 351.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 351.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 351.77 Td (50.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 351.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 351.77 Td (41.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 351.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 351.77 Td (47.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 336.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 336.77 Td (2.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 336.77 Td (1.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 336.77 Td (2.35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 306.78 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 306.78 Td (verage pr) Tj ET Q q 0 0 0 rg BT 99.61 306.78 Td (oduction cost \(per) Tj ET Q q 0 0 0 rg BT 176.09 306.78 Td ( BOE sold\) ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 225.27 311.31 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 306.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 306.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 306.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 291.77 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 130.16 296.30 Td ( \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 291.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 291.77 Td (20.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 291.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 291.77 Td (18.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 291.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 291.77 Td (19.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 276.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 276.77 Td (20.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 276.77 Td (16.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 276.77 Td (19.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 261.77 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 261.77 Td (otal Company) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 126.29 266.30 Td ( \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 261.77 Td (20.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 261.77 Td (17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 261.77 Td (19.37) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.60 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 106.66 233.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 119.71 233.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.65 233.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.91 233.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.74 233.60 Td (ad ) Tj ET Q q 0 0 0 rg BT 194.68 233.60 Td (valorem ) Tj ET Q q 0 0 0 rg BT 229.95 233.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.88 233.60 Td (production ) Tj ET Q q 0 0 0 rg BT 292.71 233.60 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 209.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 113.24 209.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 135.10 209.60 Td (include ) Tj ET Q q 0 0 0 rg BT 166.39 209.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 195.45 209.60 Td (special ) Tj ET Q q 0 0 0 rg BT 225.07 209.60 Td (items, ) Tj ET Q q 0 0 0 rg BT 251.09 209.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 294.60 209.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.79 209.60 Td (a ) Tj ET Q q 0 0 0 rg BT 311.09 209.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 372.92 209.60 Td (for ) Tj ET Q q 0 0 0 rg BT 386.44 209.60 Td (a ) Tj ET Q q 0 0 0 rg BT 392.74 209.60 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 437.34 209.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 463.09 209.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 479.93 209.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 525.67 209.60 Td (and ) Tj ET Q q 0 0 0 rg BT 541.97 209.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 197.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 108.88 197.60 Td (recoveries. ) Tj ET Q q 0 0 0 rg BT 155.53 197.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.60 197.60 Td (If ) Tj ET Q q 0 0 0 rg BT 168.32 197.60 Td (these ) Tj ET Q q 0 0 0 rg BT 191.93 197.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 228.89 197.60 Td (were ) Tj ET Q q 0 0 0 rg BT 251.38 197.60 Td (excluded, ) Tj ET Q q 0 0 0 rg BT 293.04 197.60 Td (average ) Tj ET Q q 0 0 0 rg BT 327.19 197.60 Td (production ) Tj ET Q q 0 0 0 rg BT 373.58 197.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.75 197.60 Td (per ) Tj ET Q q 0 0 0 rg BT 408.59 197.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 431.65 197.60 Td (for ) Tj ET Q q 0 0 0 rg BT 446.38 197.60 Td (the ) Tj ET Q q 0 0 0 rg BT 461.66 197.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 483.06 197.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 508.90 197.60 Td (region ) Tj ET Q q 0 0 0 rg BT 537.51 197.60 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.60 Td (have ) Tj ET Q q 0 0 0 rg BT 88.53 185.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 117.89 185.60 Td ($20.29 ) Tj ET Q q 0 0 0 rg BT 147.54 185.60 Td (for ) Tj ET Q q 0 0 0 rg BT 161.35 185.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.72 185.60 Td (year ) Tj ET Q q 0 0 0 rg BT 195.08 185.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 221.11 185.60 Td (December ) Tj ET Q q 0 0 0 rg BT 264.34 185.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 278.99 185.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 301.14 185.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.73 185.60 Td (average ) Tj ET Q q 0 0 0 rg BT 350.97 185.60 Td (production ) Tj ET Q q 0 0 0 rg BT 396.44 185.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 414.70 185.60 Td (per ) Tj ET Q q 0 0 0 rg BT 429.62 185.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 451.77 185.60 Td (for ) Tj ET Q q 0 0 0 rg BT 465.58 185.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.95 185.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.99 185.60 Td (as ) Tj ET Q q 0 0 0 rg BT 531.47 185.60 Td (a ) Tj ET Q q 0 0 0 rg BT 538.06 185.60 Td (whole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.60 Td (would ) Tj ET Q q 0 0 0 rg BT 95.00 173.60 Td (have ) Tj ET Q q 0 0 0 rg BT 116.38 173.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 146.09 173.60 Td ($19.88 ) Tj ET Q q 0 0 0 rg BT 176.09 173.60 Td (for ) Tj ET Q q 0 0 0 rg BT 190.25 173.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.97 173.60 Td (year ) Tj ET Q q 0 0 0 rg BT 224.67 173.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 251.05 173.60 Td (December ) Tj ET Q q 0 0 0 rg BT 294.63 173.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 309.63 173.60 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.60 Td (PRODUCTION ) Tj ET Q q 0 0 0 rg BT 119.78 149.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 143.95 149.60 Td (UNIT) Tj ET Q q 0 0 0 rg BT 168.77 149.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.27 149.60 Td (PRICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.60 Td (Further ) Tj ET Q q 0 0 0 rg BT 99.64 125.60 Td (information ) Tj ET Q q 0 0 0 rg BT 149.55 125.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 190.56 125.60 Td (average ) Tj ET Q q 0 0 0 rg BT 224.35 125.60 Td (production ) Tj ET Q q 0 0 0 rg BT 270.37 125.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 294.45 125.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 312.70 125.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.84 125.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 361.42 125.60 Td (and ) Tj ET Q q 0 0 0 rg BT 378.55 125.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 396.81 125.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.51 125.60 Td (per ) Tj ET Q q 0 0 0 rg BT 434.98 125.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 457.68 125.60 Td (are ) Tj ET Q q 0 0 0 rg BT 472.58 125.60 Td (set ) Tj ET Q q 0 0 0 rg BT 486.39 125.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 508.53 125.60 Td (under ) Tj ET Q q 0 0 0 rg BT 534.00 125.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 555.02 125.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 113.60 Td (Management) Tj ET Q q 0 0 0 rg BT 103.75 113.60 Td (s ) Tj ET Q q 0 0 0 rg BT 110.53 113.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 157.31 113.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.98 113.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 211.76 113.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.42 113.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.19 113.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 307.08 113.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.97 113.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 356.75 113.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.41 113.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 412.41 113.60 Td ( ) Tj ET Q q 0 0 0 rg BT 415.30 113.60 Td ( ) Tj ET Q q 0 0 0 rg BT 423.19 113.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 454.96 113.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.63 113.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 513.51 113.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 521.40 113.60 Td (Operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 101.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 80.89 101.60 Td (T) Tj ET Q q 0 0 0 rg BT 85.53 101.60 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.75 101.60 Td (, ) Tj ET Q q 0 0 0 rg BT 107.75 101.60 Td (included ) Tj ET Q q 0 0 0 rg BT 144.68 101.60 Td (herein.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (TITLE ) Tj ET Q q 0 0 0 rg BT 82.39 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 88.88 726.75 Td (O ) Tj ET Q q 0 0 0 rg BT 99.16 726.75 Td (PROPER) Tj ET Q q 0 0 0 rg BT 139.92 726.75 Td (TIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (As ) Tj ET Q q 0 0 0 rg BT 80.89 702.75 Td (is ) Tj ET Q q 0 0 0 rg BT 89.83 702.75 Td (customary ) Tj ET Q q 0 0 0 rg BT 133.75 702.75 Td (in ) Tj ET Q q 0 0 0 rg BT 143.80 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.29 702.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 171.12 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 187.83 702.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.87 702.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 233.47 702.75 Td (industry) Tj ET Q q 0 0 0 rg BT 265.60 702.75 Td (, ) Tj ET Q q 0 0 0 rg BT 270.37 702.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 307.63 702.75 Td (conducts ) Tj ET Q q 0 0 0 rg BT 345.45 702.75 Td (a ) Tj ET Q q 0 0 0 rg BT 352.16 702.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 382.76 702.75 Td (title ) Tj ET Q q 0 0 0 rg BT 400.59 702.75 Td (examination ) Tj ET Q q 0 0 0 rg BT 452.29 702.75 Td (at ) Tj ET Q q 0 0 0 rg BT 461.78 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.27 702.75 Td (time ) Tj ET Q q 0 0 0 rg BT 496.31 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 506.91 702.75 Td (its ) Tj ET Q q 0 0 0 rg BT 518.63 702.75 Td (acquisition ) 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 59.28 690.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 100.71 690.75 Td (or ) Tj ET Q q 0 0 0 rg BT 110.49 690.75 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 149.70 690.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 184.47 690.75 Td (tar) Tj ET Q q 0 0 0 rg BT 194.84 690.75 Td (geted ) Tj ET Q q 0 0 0 rg BT 217.94 690.75 Td (for ) Tj ET Q q 0 0 0 rg BT 231.05 690.75 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 270.25 690.75 Td (recovery) Tj ET Q q 0 0 0 rg BT 304.58 690.75 Td (, ) Tj ET Q q 0 0 0 rg BT 308.53 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 324.41 690.75 Td (curative ) Tj ET Q q 0 0 0 rg BT 358.06 690.75 Td (work ) Tj ET Q q 0 0 0 rg BT 380.06 690.75 Td (is ) Tj ET Q q 0 0 0 rg BT 388.18 690.75 Td (performed ) Tj ET Q q 0 0 0 rg BT 431.27 690.75 Td (with ) Tj ET Q q 0 0 0 rg BT 450.50 690.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 480.26 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 489.49 690.75 Td (significantdefects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (on ) Tj ET Q q 0 0 0 rg BT 62.86 678.75 Td (higher) Tj ET Q q 0 0 0 rg BT 88.20 678.75 Td (-value ) Tj ET Q q 0 0 0 rg BT 116.55 678.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 159.89 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 171.58 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 187.15 678.75 Td (greatest ) Tj ET Q q 0 0 0 rg BT 221.60 678.75 Td (significance. ) Tj ET Q q 0 0 0 rg BT 275.77 678.75 Td () Tj ET Q q 0 0 0 rg BT 278.09 678.75 Td (W) Tj ET Q q 0 0 0 rg BT 286.72 678.75 Td (e ) Tj ET Q q 0 0 0 rg BT 294.52 678.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 326.75 678.75 Td (that ) Tj ET Q q 0 0 0 rg BT 345.10 678.75 Td (title ) Tj ET Q q 0 0 0 rg BT 364.01 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 375.14 678.75 Td (our ) Tj ET Q q 0 0 0 rg BT 391.83 678.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 405.75 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 423.54 678.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 454.66 678.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.35 678.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 514.69 678.75 Td (is ) Tj ET Q q 0 0 0 rg BT 524.72 678.75 Td (good ) Tj ET Q q 0 0 0 rg BT 548.07 678.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (defensible, ) Tj ET Q q 0 0 0 rg BT 95.80 666.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 126.84 666.75 Td (only ) Tj ET Q q 0 0 0 rg BT 147.33 666.75 Td (to ) Tj ET Q q 0 0 0 rg BT 157.82 666.75 Td (such ) Tj ET Q q 0 0 0 rg BT 178.86 666.75 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 224.33 666.75 Td (that ) Tj ET Q q 0 0 0 rg BT 242.03 666.75 Td (we ) Tj ET Q q 0 0 0 rg BT 256.40 666.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 287.99 666.75 Td (do ) Tj ET Q q 0 0 0 rg BT 300.70 666.75 Td (not ) Tj ET Q q 0 0 0 rg BT 316.18 666.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 359.43 666.75 Td (interfere ) Tj ET Q q 0 0 0 rg BT 396.00 666.75 Td (with ) Tj ET Q q 0 0 0 rg BT 416.49 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.42 666.75 Td (use ) Tj ET Q q 0 0 0 rg BT 447.46 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 458.50 666.75 Td (such ) Tj ET Q q 0 0 0 rg BT 479.54 666.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 524.73 666.75 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (encumbrances, ) Tj ET Q q 0 0 0 rg BT 111.69 654.75 Td (easements, ) Tj ET Q q 0 0 0 rg BT 157.79 654.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 204.72 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 221.66 654.75 Td (royalty) Tj ET Q q 0 0 0 rg BT 249.33 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 254.33 654.75 Td (overridingroyalty ) Tj ET Q q 0 0 0 rg BT 329.31 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 346.25 654.75 Td (other ) Tj ET Q q 0 0 0 rg BT 369.30 654.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 399.57 654.75 Td (interests.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 116.00 630.75 Td ( ) Tj ET Q q 0 0 0 rg BT 118.50 630.75 Td (OIL) Tj ET Q q 0 0 0 rg BT 136.29 630.75 Td ( ) Tj ET Q q 0 0 0 rg BT 138.24 630.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 162.40 630.75 Td (GAS ) Tj ET Q q 0 0 0 rg BT 185.46 630.75 Td (PURCHASERS ) Tj ET Q q 0 0 0 rg BT 255.20 630.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 279.36 630.75 Td (PRODUCT) Tj ET Q q 0 0 0 rg BT 328.63 630.75 Td ( ) Tj ET Q q 0 0 0 rg BT 331.13 630.75 Td (MARKETING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.97 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 100.11 606.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.56 606.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.59 606.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.72 606.75 Td (are ) Tj ET Q q 0 0 0 rg BT 183.62 606.75 Td (made ) Tj ET Q q 0 0 0 rg BT 207.97 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 220.67 606.75 Td (a ) Tj ET Q q 0 0 0 rg BT 227.80 606.75 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 273.81 606.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.50 606.75 Td (or ) Tj ET Q q 0 0 0 rg BT 307.53 606.75 Td (under ) Tj ET Q q 0 0 0 rg BT 332.99 606.75 Td (short-term ) Tj ET Q q 0 0 0 rg BT 377.34 606.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.13 606.75 Td (at ) Tj ET Q q 0 0 0 rg BT 426.04 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 440.95 606.75 Td (current ) Tj ET Q q 0 0 0 rg BT 471.96 606.75 Td (area ) Tj ET Q q 0 0 0 rg BT 491.30 606.75 Td (market ) Tj ET Q q 0 0 0 rg BT 521.76 606.75 Td (price. ) Tj ET Q q 0 0 0 rg BT 546.94 606.75 Td ( ) Tj ET Q q 0 0 0 rg BT 549.44 606.75 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 606.75 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (would ) Tj ET Q q 0 0 0 rg BT 77.41 594.75 Td (not ) Tj ET Q q 0 0 0 rg BT 93.10 594.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 122.10 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 137.23 594.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 155.70 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.94 594.75 Td (any ) Tj ET Q q 0 0 0 rg BT 184.29 594.75 Td (single ) Tj ET Q q 0 0 0 rg BT 211.09 594.75 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 252.86 594.75 Td (to ) Tj ET Q q 0 0 0 rg BT 263.55 594.75 Td (have ) Tj ET Q q 0 0 0 rg BT 285.34 594.75 Td (a ) Tj ET Q q 0 0 0 rg BT 292.69 594.75 Td (material ) Tj ET Q q 0 0 0 rg BT 328.36 594.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 361.80 594.75 Td (ef) Tj ET Q q 0 0 0 rg BT 369.39 594.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 387.29 594.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 410.20 594.75 Td (our ) Tj ET Q q 0 0 0 rg BT 426.44 594.75 Td (operations; ) Tj ET Q q 0 0 0 rg BT 473.78 594.75 Td (however) Tj ET Q q 0 0 0 rg BT 507.81 594.75 Td (, ) Tj ET Q q 0 0 0 rg BT 513.22 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 528.35 594.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 546.82 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 558.06 594.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 582.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 70.87 582.75 Td (single ) Tj ET Q q 0 0 0 rg BT 96.32 582.75 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 136.75 582.75 Td (could ) Tj ET Q q 0 0 0 rg BT 160.54 582.75 Td (potentially ) Tj ET Q q 0 0 0 rg BT 204.87 582.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 233.08 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 246.86 582.75 Td (competition ) Tj ET Q q 0 0 0 rg BT 296.19 582.75 Td (for ) Tj ET Q q 0 0 0 rg BT 309.42 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 324.31 582.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 336.44 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 352.44 582.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.77 582.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 396.66 582.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 444.05 582.75 Td (which ) Tj ET Q q 0 0 0 rg BT 470.06 582.75 Td (in ) Tj ET Q q 0 0 0 rg BT 479.40 582.75 Td (turn ) Tj ET Q q 0 0 0 rg BT 497.07 582.75 Td (could ) Tj ET Q q 0 0 0 rg BT 520.85 582.75 Td (negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 78.71 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 92.92 570.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 118.79 570.75 Td (we ) Tj ET Q q 0 0 0 rg BT 132.45 570.75 Td (receive.For ) Tj ET Q q 0 0 0 rg BT 184.70 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.91 570.75 Td (years ) Tj ET Q q 0 0 0 rg BT 222.01 570.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.88 570.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 305.96 570.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.96 570.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.46 570.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.46 570.75 Td ( ) Tj ET Q q 0 0 0 rg BT 352.45 570.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.89 570.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.89 570.75 Td (, ) Tj ET Q q 0 0 0 rg BT 393.38 570.75 Td (two ) Tj ET Q q 0 0 0 rg BT 410.38 570.75 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 455.13 570.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 497.66 570.75 Td (for ) Tj ET Q q 0 0 0 rg BT 511.32 570.75 Td (10% ) Tj ET Q q 0 0 0 rg BT 531.65 570.75 Td (or ) Tj ET Q q 0 0 0 rg BT 541.97 570.75 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.84 558.75 Td (our ) Tj ET Q q 0 0 0 rg BT 75.17 558.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 87.73 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 104.18 558.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 133.95 558.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 149.28 558.75 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 189.61 558.75 Td (Plains ) Tj ET Q q 0 0 0 rg BT 216.06 558.75 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 259.72 558.75 Td (LP) Tj ET Q q 0 0 0 rg BT 271.02 558.75 Td ( ) Tj ET Q q 0 0 0 rg BT 273.03 558.75 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.36 558.75 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.69 558.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.19 558.75 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.52 558.75 Td ( ) Tj ET Q q 0 0 0 rg BT 319.53 558.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.97 558.75 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.30 558.75 Td ( ) Tj ET Q q 0 0 0 rg BT 356.31 558.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.09 558.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.09 558.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 558.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.60 558.75 Td ( ) Tj ET Q q 0 0 0 rg BT 412.60 558.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.05 558.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.05 558.75 Td (, ) Tj ET Q q 0 0 0 rg BT 453.55 558.75 Td (respectively\) ) Tj ET Q q 0 0 0 rg BT 507.20 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 523.64 558.75 Td (Marathon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 93.10 546.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.49 546.75 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.82 546.75 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.15 546.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.15 546.75 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.48 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 181.98 546.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.92 546.75 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.25 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 219.75 546.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.03 546.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.03 546.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.03 546.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.03 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 277.53 546.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.47 546.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.47 546.75 Td (, ) Tj ET Q q 0 0 0 rg BT 319.47 546.75 Td (respectively\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.61 522.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 115.72 522.75 Td (to ) Tj ET Q q 0 0 0 rg BT 127.06 522.75 Td (market ) Tj ET Q q 0 0 0 rg BT 158.38 522.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 172.50 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 190.50 522.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 221.82 522.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 238.71 522.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 275.04 522.75 Td (on ) Tj ET Q q 0 0 0 rg BT 288.60 522.75 Td (many ) Tj ET Q q 0 0 0 rg BT 314.38 522.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 345.14 522.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 378.14 522.75 Td (our ) Tj ET Q q 0 0 0 rg BT 395.03 522.75 Td (control, ) Tj ET Q q 0 0 0 rg BT 429.41 522.75 Td (including ) Tj ET Q q 0 0 0 rg BT 470.75 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 486.52 522.75 Td (extent ) Tj ET Q q 0 0 0 rg BT 514.52 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 526.41 522.75 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (production ) Tj ET Q q 0 0 0 rg BT 95.30 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 112.21 510.75 Td (imports ) Tj ET Q q 0 0 0 rg BT 145.25 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 156.05 510.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 169.08 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 186.00 510.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 216.24 510.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 234.54 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 249.24 510.75 Td (proximity ) Tj ET Q q 0 0 0 rg BT 291.16 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.96 510.75 Td (our ) Tj ET Q q 0 0 0 rg BT 317.77 510.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 330.80 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 347.71 510.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 377.95 510.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 393.76 510.75 Td (production ) Tj ET Q q 0 0 0 rg BT 439.56 510.75 Td (to ) Tj ET Q q 0 0 0 rg BT 449.81 510.75 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 488.39 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 510.75 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (markets, ) Tj ET Q q 0 0 0 rg BT 85.83 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.23 498.75 Td (available ) Tj ET Q q 0 0 0 rg BT 138.49 498.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 173.98 498.75 Td (in ) Tj ET Q q 0 0 0 rg BT 183.93 498.75 Td (such ) Tj ET Q q 0 0 0 rg BT 204.44 498.75 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 245.22 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 259.61 498.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 293.45 498.75 Td (for ) Tj ET Q q 0 0 0 rg BT 307.28 498.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 320.02 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 336.63 498.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.57 498.75 Td (gas, ) Tj ET Q q 0 0 0 rg BT 384.58 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.97 498.75 Td (ef) Tj ET Q q 0 0 0 rg BT 406.56 498.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 427.61 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 438.12 498.75 Td (weather) Tj ET Q q 0 0 0 rg BT 469.37 498.75 Td (, ) Tj ET Q q 0 0 0 rg BT 474.04 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 490.66 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 505.05 498.75 Td (ef) Tj ET Q q 0 0 0 rg BT 512.64 498.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 533.69 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 544.20 498.75 Td (state ) 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 66.16 486.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 96.14 486.75 Td (regulation.) Tj ET Q q 0 0 0 rg BT 143.63 486.75 Td (As ) Tj ET Q q 0 0 0 rg BT 156.97 486.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 486.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 225.83 486.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.83 486.75 Td (, ) Tj ET Q q 0 0 0 rg BT 250.55 486.75 Td (we ) Tj ET Q q 0 0 0 rg BT 264.44 486.75 Td (have ) Tj ET Q q 0 0 0 rg BT 285.54 486.75 Td (not ) Tj ET Q q 0 0 0 rg BT 300.54 486.75 Td (experienced ) Tj ET Q q 0 0 0 rg BT 351.07 486.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 395.50 486.75 Td (dif) Tj ET Q q 0 0 0 rg BT 406.43 486.75 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 434.76 486.75 Td (in ) Tj ET Q q 0 0 0 rg BT 444.76 486.75 Td (finding ) Tj ET Q q 0 0 0 rg BT 475.87 486.75 Td (a ) Tj ET Q q 0 0 0 rg BT 482.53 486.75 Td (market ) Tj ET Q q 0 0 0 rg BT 512.52 486.75 Td (for ) Tj ET Q q 0 0 0 rg BT 526.41 486.75 Td (all ) Tj ET Q q 0 0 0 rg BT 538.63 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 486.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (production ) Tj ET Q q 0 0 0 rg BT 95.13 474.75 Td (as ) Tj ET Q q 0 0 0 rg BT 105.76 474.75 Td (it ) Tj ET Q q 0 0 0 rg BT 113.62 474.75 Td (becomes ) Tj ET Q q 0 0 0 rg BT 150.91 474.75 Td (available ) Tj ET Q q 0 0 0 rg BT 189.30 474.75 Td (or ) Tj ET Q q 0 0 0 rg BT 199.93 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 210.01 474.75 Td (transporting ) Tj ET Q q 0 0 0 rg BT 260.64 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 276.27 474.75 Td (production ) Tj ET Q q 0 0 0 rg BT 321.90 474.75 Td (to ) Tj ET Q q 0 0 0 rg BT 331.98 474.75 Td (those ) Tj ET Q q 0 0 0 rg BT 355.39 474.75 Td (markets; ) Tj ET Q q 0 0 0 rg BT 392.12 474.75 Td (however) Tj ET Q q 0 0 0 rg BT 426.15 474.75 Td (, ) Tj ET Q q 0 0 0 rg BT 430.96 474.75 Td (there ) Tj ET Q q 0 0 0 rg BT 453.24 474.75 Td (is ) Tj ET Q q 0 0 0 rg BT 462.21 474.75 Td (no ) Tj ET Q q 0 0 0 rg BT 474.52 474.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 515.69 474.75 Td (that ) Tj ET Q q 0 0 0 rg BT 532.98 474.75 Td (we ) Tj ET Q q 0 0 0 rg BT 546.95 474.75 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (always ) Tj ET Q q 0 0 0 rg BT 79.77 462.75 Td (be ) Tj ET Q q 0 0 0 rg BT 91.71 462.75 Td (able ) Tj ET Q q 0 0 0 rg BT 110.86 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 121.14 462.75 Td (market ) Tj ET Q q 0 0 0 rg BT 151.40 462.75 Td (all ) Tj ET Q q 0 0 0 rg BT 163.90 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 462.75 Td (our ) Tj ET Q q 0 0 0 rg BT 190.56 462.75 Td (production ) Tj ET Q q 0 0 0 rg BT 236.38 462.75 Td (or ) Tj ET Q q 0 0 0 rg BT 247.21 462.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 274.71 462.75 Td (favorable ) Tj ET Q q 0 0 0 rg BT 314.96 462.75 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 438.75 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.75 Td (Prices ) Tj ET Q q 0 0 0 rg BT 94.98 414.75 Td (received ) Tj ET Q q 0 0 0 rg BT 131.89 414.75 Td (in ) Tj ET Q q 0 0 0 rg BT 142.72 414.75 Td (a ) Tj ET Q q 0 0 0 rg BT 150.20 414.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 186.01 414.75 Td (market ) Tj ET Q q 0 0 0 rg BT 216.82 414.75 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 254.85 414.75 Td (frequently ) Tj ET Q q 0 0 0 rg BT 298.99 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 316.47 414.75 Td (can ) Tj ET Q q 0 0 0 rg BT 333.39 414.75 Td (dif) Tj ET Q q 0 0 0 rg BT 344.32 414.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 358.47 414.75 Td (from ) Tj ET Q q 0 0 0 rg BT 380.95 414.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 420.66 414.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 452.03 414.75 Td (due ) Tj ET Q q 0 0 0 rg BT 469.52 414.75 Td (to ) Tj ET Q q 0 0 0 rg BT 480.34 414.75 Td (a ) Tj ET Q q 0 0 0 rg BT 487.83 414.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 518.63 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 530.01 414.75 Td (reasons, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (including ) Tj ET Q q 0 0 0 rg BT 89.69 402.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 118.78 402.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 146.74 402.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 180.81 402.75 Td (factors, ) Tj ET Q q 0 0 0 rg BT 212.94 402.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 237.56 402.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 250.54 402.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 280.73 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.58 402.75 Td (location ) Tj ET Q q 0 0 0 rg BT 332.21 402.75 Td (dif) Tj ET Q q 0 0 0 rg BT 343.14 402.75 Td (ferentials. ) Tj ET Q q 0 0 0 rg BT 385.26 402.75 Td ( ) Tj ET Q q 0 0 0 rg BT 387.50 402.75 Td (The ) Tj ET Q q 0 0 0 rg BT 405.46 402.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 418.44 402.75 Td (dif) Tj ET Q q 0 0 0 rg BT 429.36 402.75 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 468.98 402.75 Td (we ) Tj ET Q q 0 0 0 rg BT 483.06 402.75 Td (received ) Tj ET Q q 0 0 0 rg BT 519.34 402.75 Td (in ) Tj ET Q q 0 0 0 rg BT 529.54 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 402.75 Td (Gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 74.78 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.72 390.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 120.33 390.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 161.71 390.75 Td (regions ) Tj ET Q q 0 0 0 rg BT 193.65 390.75 Td (are ) Tj ET Q q 0 0 0 rg BT 208.36 390.75 Td (discussed ) Tj ET Q q 0 0 0 rg BT 249.19 390.75 Td (in ) Tj ET Q q 0 0 0 rg BT 259.47 390.75 Td (further ) Tj ET Q q 0 0 0 rg BT 289.17 390.75 Td (detail ) Tj ET Q q 0 0 0 rg BT 313.88 390.75 Td (below) Tj ET Q q 0 0 0 rg BT 337.67 390.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 366.75 Td (Crude ) Tj ET Q q 0 0 0 rg BT 94.62 366.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.85 366.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 134.41 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 144.87 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 159.77 366.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 180.78 366.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 206.23 366.75 Td (region ) Tj ET Q q 0 0 0 rg BT 234.46 366.75 Td (are ) Tj ET Q q 0 0 0 rg BT 249.35 366.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 288.68 366.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 341.35 366.75 Td (by ) Tj ET Q q 0 0 0 rg BT 354.03 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 368.92 366.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 403.81 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 414.27 366.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 440.82 366.75 Td (received ) Tj ET Q q 0 0 0 rg BT 477.37 366.75 Td (for ) Tj ET Q q 0 0 0 rg BT 491.71 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 507.72 366.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 532.60 366.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 545.84 366.75 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (under ) Tj ET Q q 0 0 0 rg BT 75.78 354.75 Td (Light ) Tj ET Q q 0 0 0 rg BT 100.96 354.75 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 143.91 354.75 Td (Sweet ) Tj ET Q q 0 0 0 rg BT 171.86 354.75 Td (\(LLS\) ) Tj ET Q q 0 0 0 rg BT 208.69 354.75 Td (index ) Tj ET Q q 0 0 0 rg BT 234.42 354.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 261.81 354.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 295.30 354.75 Td (to ) Tj ET Q q 0 0 0 rg BT 306.59 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 322.32 354.75 Td (change ) Tj ET Q q 0 0 0 rg BT 354.15 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 365.44 354.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 405.62 354.75 Td (prices. ) Tj ET Q q 0 0 0 rg BT 435.51 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 439.02 354.75 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 475.02 354.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.64 354.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.64 354.75 Td (, ) Tj ET Q q 0 0 0 rg BT 530.66 354.75 Td (we ) Tj ET Q q 0 0 0 rg BT 545.83 354.75 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.02 342.75 Td (65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.35 342.75 Td ( ) Tj ET Q q 0 0 0 rg BT 131.11 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.20 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 158.28 342.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 183.25 342.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.57 342.75 Td (at ) Tj ET Q q 0 0 0 rg BT 206.54 342.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 233.18 342.75 Td (based ) Tj ET Q q 0 0 0 rg BT 258.70 342.75 Td (on, ) Tj ET Q q 0 0 0 rg BT 273.96 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 285.05 342.75 Td (partially ) Tj ET Q q 0 0 0 rg BT 321.13 342.75 Td (tied ) Tj ET Q q 0 0 0 rg BT 338.88 342.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 351.92 342.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.90 342.75 Td (LLS ) Tj ET Q q 0 0 0 rg BT 387.43 342.75 Td (index ) Tj ET Q q 0 0 0 rg BT 412.41 342.75 Td (price, ) Tj ET Q q 0 0 0 rg BT 437.65 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 454.85 342.75 Td (the ) Tj ET Q q 0 0 0 rg BT 469.83 342.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 503.12 342.75 Td (at ) Tj ET Q q 0 0 0 rg BT 513.09 342.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 539.73 342.75 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (on ) Tj ET Q q 0 0 0 rg BT 60.99 330.75 Td (various ) Tj ET Q q 0 0 0 rg BT 91.91 330.75 Td (other ) Tj ET Q q 0 0 0 rg BT 113.95 330.75 Td (indexes ) Tj ET Q q 0 0 0 rg BT 145.98 330.75 Td (tied ) Tj ET Q q 0 0 0 rg BT 162.46 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 171.73 330.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 209.88 330.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 237.74 330.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.44 330.75 Td (in ) Tj ET Q q 0 0 0 rg BT 285.71 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.41 330.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 327.00 330.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 367.38 330.75 Td (region. ) Tj ET Q q 0 0 0 rg BT 396.91 330.75 Td ( ) Tj ET Q q 0 0 0 rg BT 398.29 330.75 Td (The ) Tj ET Q q 0 0 0 rg BT 415.33 330.75 Td (average ) Tj ET Q q 0 0 0 rg BT 447.90 330.75 Td (LLS-to-NYMEX ) Tj ET Q q 0 0 0 rg BT 518.26 330.75 Td (dif) Tj ET Q q 0 0 0 rg BT 529.19 330.75 Td (ferential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (\(on ) Tj ET Q q 0 0 0 rg BT 64.72 318.75 Td (a ) Tj ET Q q 0 0 0 rg BT 71.04 318.75 Td (trade-month ) Tj ET Q q 0 0 0 rg BT 121.80 318.75 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 147.02 318.75 Td (was ) Tj ET Q q 0 0 0 rg BT 164.45 318.75 Td (a ) Tj ET Q q 0 0 0 rg BT 170.78 318.75 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.33 318.75 Td ($2.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.83 318.75 Td ( ) Tj ET Q q 0 0 0 rg BT 228.72 318.75 Td (per ) Tj ET Q q 0 0 0 rg BT 243.37 318.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 259.71 318.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.70 318.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.70 318.75 Td (, ) Tj ET Q q 0 0 0 rg BT 312.09 318.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 353.40 318.75 Td (to ) Tj ET Q q 0 0 0 rg BT 363.06 318.75 Td (a ) Tj ET Q q 0 0 0 rg BT 369.39 318.75 Td (positive ) Tj ET Q q 0 0 0 rg BT 402.94 318.75 Td ($1.70 ) Tj ET Q q 0 0 0 rg BT 427.32 318.75 Td (per ) Tj ET Q q 0 0 0 rg BT 441.98 318.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 458.31 318.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.31 318.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.31 318.75 Td ( ) Tj ET Q q 0 0 0 rg BT 508.19 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 524.52 318.75 Td (a ) Tj ET Q q 0 0 0 rg BT 530.84 318.75 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td ($3.72 ) Tj ET Q q 0 0 0 rg BT 74.30 306.75 Td (per ) Tj ET Q q 0 0 0 rg BT 89.38 306.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 106.13 306.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.21 306.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.21 306.75 Td (. ) Tj ET Q q 0 0 0 rg BT 141.02 306.75 Td ( ) Tj ET Q q 0 0 0 rg BT 143.32 306.75 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.96 306.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.96 306.75 Td (, ) Tj ET Q q 0 0 0 rg BT 198.76 306.75 Td (our ) Tj ET Q q 0 0 0 rg BT 214.40 306.75 Td (light ) Tj ET Q q 0 0 0 rg BT 235.04 306.75 Td (sweet ) Tj ET Q q 0 0 0 rg BT 260.11 306.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 284.62 306.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 297.48 306.75 Td (production ) Tj ET Q q 0 0 0 rg BT 343.11 306.75 Td (in ) Tj ET Q q 0 0 0 rg BT 353.20 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 367.72 306.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 388.35 306.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 413.44 306.75 Td (region, ) Tj ET Q q 0 0 0 rg BT 443.79 306.75 Td (on ) Tj ET Q q 0 0 0 rg BT 456.09 306.75 Td (average, ) Tj ET Q q 0 0 0 rg BT 491.98 306.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 510.96 306.75 Td (for ) Tj ET Q q 0 0 0 rg BT 524.92 306.75 Td ($0.26 ) Tj ET Q q 0 0 0 rg BT 549.72 306.75 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 66.54 294.75 Td (above ) Tj ET Q q 0 0 0 rg BT 93.01 294.75 Td (NYMEX, ) Tj ET Q q 0 0 0 rg BT 134.77 294.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 176.79 294.75 Td (to ) Tj ET Q q 0 0 0 rg BT 187.16 294.75 Td ($1.38 ) Tj ET Q q 0 0 0 rg BT 212.26 294.75 Td (per ) Tj ET Q q 0 0 0 rg BT 227.62 294.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 244.66 294.75 Td (below ) Tj ET Q q 0 0 0 rg BT 271.70 294.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 310.96 294.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.33 294.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.33 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 343.92 294.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.95 294.75 Td ($0.56 ) Tj ET Q q 0 0 0 rg BT 386.05 294.75 Td (per ) Tj ET Q q 0 0 0 rg BT 401.41 294.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 418.45 294.75 Td (over ) Tj ET Q q 0 0 0 rg BT 438.82 294.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 478.08 294.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.45 294.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 294.75 Td (. ) Tj ET Q q 0 0 0 rg BT 516.04 294.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 534.19 294.75 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 83.59 282.75 Td (at ) Tj ET Q q 0 0 0 rg BT 93.23 282.75 Td (various ) Tj ET Q q 0 0 0 rg BT 125.10 282.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 146.97 282.75 Td (points ) Tj ET Q q 0 0 0 rg BT 173.85 282.75 Td (along ) Tj ET Q q 0 0 0 rg BT 198.50 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 213.15 282.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 233.91 282.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 259.12 282.75 Td (have ) Tj ET Q q 0 0 0 rg BT 280.42 282.75 Td (suf) Tj ET Q q 0 0 0 rg BT 292.46 282.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 320.44 282.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 354.52 282.75 Td (to ) Tj ET Q q 0 0 0 rg BT 364.73 282.75 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 422.69 282.75 Td (our ) Tj ET Q q 0 0 0 rg BT 438.45 282.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 486.71 282.75 Td (but ) Tj ET Q q 0 0 0 rg BT 501.92 282.75 Td (there ) Tj ET Q q 0 0 0 rg BT 524.33 282.75 Td (can ) Tj ET Q q 0 0 0 rg BT 540.64 282.75 Td (be ) Tj ET Q q 0 0 0 rg BT 552.51 282.75 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 90.72 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 101.40 270.75 Td (future ) Tj ET Q q 0 0 0 rg BT 127.63 270.75 Td (demand. ) Tj ET Q q 0 0 0 rg BT 164.14 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 166.33 270.75 Td (W) Tj ET Q q 0 0 0 rg BT 174.96 270.75 Td (e ) Tj ET Q q 0 0 0 rg BT 181.76 270.75 Td (are, ) Tj ET Q q 0 0 0 rg BT 198.82 270.75 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 239.75 270.75 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 286.55 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.12 270.75 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 352.33 270.75 Td (for ) Tj ET Q q 0 0 0 rg BT 366.35 270.75 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 421.47 270.75 Td (to ) Tj ET Q q 0 0 0 rg BT 431.61 270.75 Td (strategically ) Tj ET Q q 0 0 0 rg BT 482.83 270.75 Td (enter ) Tj ET Q q 0 0 0 rg BT 505.17 270.75 Td (into ) Tj ET Q q 0 0 0 rg BT 523.08 270.75 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 92.54 258.75 Td (arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.24 234.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 127.98 234.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.51 234.75 Td (our ) Tj ET Q q 0 0 0 rg BT 154.03 234.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 182.34 234.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 223.42 234.75 Td (region ) Tj ET Q q 0 0 0 rg BT 251.17 234.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.92 234.75 Td (production ) Tj ET Q q 0 0 0 rg BT 309.44 234.75 Td (is ) Tj ET Q q 0 0 0 rg BT 318.31 234.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 361.60 234.75 Td (on ) Tj ET Q q 0 0 0 rg BT 373.79 234.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 431.53 234.75 Td (through ) Tj ET Q q 0 0 0 rg BT 464.83 234.75 Td (local ) Tj ET Q q 0 0 0 rg BT 486.46 234.75 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 524.76 234.75 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 234.75 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (centers ) Tj ET Q q 0 0 0 rg BT 80.13 222.75 Td (in ) Tj ET Q q 0 0 0 rg BT 90.22 222.75 Td (Guernsey) Tj ET Q q 0 0 0 rg BT 127.89 222.75 Td (, ) Tj ET Q q 0 0 0 rg BT 132.53 222.75 Td (W) Tj ET Q q 0 0 0 rg BT 141.37 222.75 Td (yoming; ) Tj ET Q q 0 0 0 rg BT 177.01 222.75 Td (Clearbrook, ) Tj ET Q q 0 0 0 rg BT 226.81 222.75 Td (Minnesota; ) Tj ET Q q 0 0 0 rg BT 273.95 222.75 Td (W) Tj ET Q q 0 0 0 rg BT 282.59 222.75 Td (ood ) Tj ET Q q 0 0 0 rg BT 299.90 222.75 Td (River) Tj ET Q q 0 0 0 rg BT 321.72 222.75 Td (, ) Tj ET Q q 0 0 0 rg BT 326.53 222.75 Td (Illinois; ) Tj ET Q q 0 0 0 rg BT 359.95 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 376.70 222.75 Td (most ) Tj ET Q q 0 0 0 rg BT 398.46 222.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 432.97 222.75 Td (Cushing, ) Tj ET Q q 0 0 0 rg BT 471.12 222.75 Td (Oklahoma.Shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (on ) Tj ET Q q 0 0 0 rg BT 62.98 210.75 Td (some ) Tj ET Q q 0 0 0 rg BT 87.57 210.75 Td (of ) Tj ET Q q 0 0 0 rg BT 99.38 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.07 210.75 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 154.65 210.75 Td (are ) Tj ET Q q 0 0 0 rg BT 170.34 210.75 Td (at ) Tj ET Q q 0 0 0 rg BT 181.04 210.75 Td (or ) Tj ET Q q 0 0 0 rg BT 192.84 210.75 Td (near ) Tj ET Q q 0 0 0 rg BT 213.53 210.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 250.32 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 268.24 210.75 Td (may ) Tj ET Q q 0 0 0 rg BT 288.93 210.75 Td (be ) Tj ET Q q 0 0 0 rg BT 301.85 210.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 333.66 210.75 Td (to ) Tj ET Q q 0 0 0 rg BT 344.91 210.75 Td (apportionment.) Tj ET Q q 0 0 0 rg BT 410.55 210.75 Td (W) Tj ET Q q 0 0 0 rg BT 419.19 210.75 Td (e ) Tj ET Q q 0 0 0 rg BT 427.11 210.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 466.68 210.75 Td (have ) Tj ET Q q 0 0 0 rg BT 489.04 210.75 Td (access ) Tj ET Q q 0 0 0 rg BT 518.05 210.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 531.81 210.75 Td (or ) Tj ET Q q 0 0 0 rg BT 543.62 210.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (contracted ) Tj ET Q q 0 0 0 rg BT 93.04 198.75 Td (for) Tj ET Q q 0 0 0 rg BT 104.30 198.75 Td (, ) Tj ET Q q 0 0 0 rg BT 108.71 198.75 Td (suf) Tj ET Q q 0 0 0 rg BT 120.75 198.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 148.20 198.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 182.31 198.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 217.53 198.75 Td (to ) Tj ET Q q 0 0 0 rg BT 227.21 198.75 Td (move ) Tj ET Q q 0 0 0 rg BT 251.33 198.75 Td (our ) Tj ET Q q 0 0 0 rg BT 266.57 198.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 279.03 198.75 Td (production; ) Tj ET Q q 0 0 0 rg BT 327.03 198.75 Td (however) Tj ET Q q 0 0 0 rg BT 361.06 198.75 Td (, ) Tj ET Q q 0 0 0 rg BT 365.47 198.75 Td (there ) Tj ET Q q 0 0 0 rg BT 387.36 198.75 Td (can ) Tj ET Q q 0 0 0 rg BT 403.14 198.75 Td (be ) Tj ET Q q 0 0 0 rg BT 414.48 198.75 Td (no ) Tj ET Q q 0 0 0 rg BT 426.38 198.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 467.16 198.75 Td (that ) Tj ET Q q 0 0 0 rg BT 484.06 198.75 Td (we ) Tj ET Q q 0 0 0 rg BT 497.62 198.75 Td (will ) Tj ET Q q 0 0 0 rg BT 515.08 198.75 Td (be ) Tj ET Q q 0 0 0 rg BT 526.42 198.75 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (suf) Tj ET Q q 0 0 0 rg BT 61.54 186.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.64 186.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 126.40 186.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 163.26 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 174.59 186.75 Td (move ) Tj ET Q q 0 0 0 rg BT 200.36 186.75 Td (all ) Tj ET Q q 0 0 0 rg BT 213.91 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 225.79 186.75 Td (our ) Tj ET Q q 0 0 0 rg BT 242.67 186.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 256.78 186.75 Td (production ) Tj ET Q q 0 0 0 rg BT 303.66 186.75 Td (in ) Tj ET Q q 0 0 0 rg BT 314.99 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 330.76 186.75 Td (future.Because ) Tj ET Q q 0 0 0 rg BT 399.00 186.75 Td (local ) Tj ET Q q 0 0 0 rg BT 421.99 186.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 457.20 186.75 Td (for ) Tj ET Q q 0 0 0 rg BT 472.41 186.75 Td (production ) Tj ET Q q 0 0 0 rg BT 519.29 186.75 Td (is ) Tj ET Q q 0 0 0 rg BT 529.51 186.75 Td (small ) 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 (comparison ) Tj ET Q q 0 0 0 rg BT 98.63 174.75 Td (to ) Tj ET Q q 0 0 0 rg BT 108.88 174.75 Td (current ) Tj ET Q q 0 0 0 rg BT 139.67 174.75 Td (production ) Tj ET Q q 0 0 0 rg BT 185.46 174.75 Td (levels, ) Tj ET Q q 0 0 0 rg BT 213.76 174.75 Td (much ) Tj ET Q q 0 0 0 rg BT 238.45 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.25 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 174.75 Td (production ) Tj ET Q q 0 0 0 rg BT 309.74 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 319.99 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.68 174.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 363.26 174.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 404.62 174.75 Td (region ) Tj ET Q q 0 0 0 rg BT 432.64 174.75 Td (is ) Tj ET Q q 0 0 0 rg BT 441.78 174.75 Td (transported ) Tj ET Q q 0 0 0 rg BT 489.24 174.75 Td (to ) Tj ET Q q 0 0 0 rg BT 499.49 174.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 533.61 174.75 Td (outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.73 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.84 162.75 Td (region. ) Tj ET Q q 0 0 0 rg BT 106.79 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 109.48 162.75 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 154.29 162.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 181.06 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 191.74 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.85 162.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 235.86 162.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 277.65 162.75 Td (region ) Tj ET Q q 0 0 0 rg BT 306.09 162.75 Td (are ) Tj ET Q q 0 0 0 rg BT 321.19 162.75 Td (further ) Tj ET Q q 0 0 0 rg BT 351.30 162.75 Td (influenced ) Tj ET Q q 0 0 0 rg BT 396.40 162.75 Td (by ) Tj ET Q q 0 0 0 rg BT 409.30 162.75 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 459.41 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 470.08 162.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 496.86 162.75 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 540.30 162.75 Td (Brent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 68.02 150.75 Td (LLS\) ) Tj ET Q q 0 0 0 rg BT 93.21 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 105.08 150.75 Td (coastal ) Tj ET Q q 0 0 0 rg BT 136.92 150.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 172.66 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 191.18 150.75 Td (by ) Tj ET Q q 0 0 0 rg BT 205.27 150.75 Td (available ) Tj ET Q q 0 0 0 rg BT 245.44 150.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 281.73 150.75 Td (capacity ) Tj ET Q q 0 0 0 rg BT 319.13 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 330.99 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 347.29 150.75 Td (Midwest ) Tj ET Q q 0 0 0 rg BT 386.37 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 404.90 150.75 Td (Cushing ) Tj ET Q q 0 0 0 rg BT 442.32 150.75 Td (markets. ) Tj ET Q q 0 0 0 rg BT 480.56 150.75 Td (For ) Tj ET Q q 0 0 0 rg BT 501.03 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 517.33 150.75 Td (year ) Tj ET Q q 0 0 0 rg BT 538.62 150.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.74 138.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.74 138.75 Td (, ) Tj ET Q q 0 0 0 rg BT 132.39 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 146.76 138.75 Td (discount ) Tj ET Q q 0 0 0 rg BT 182.80 138.75 Td (for ) Tj ET Q q 0 0 0 rg BT 196.61 138.75 Td (our ) Tj ET Q q 0 0 0 rg BT 212.10 138.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 224.81 138.75 Td (production ) Tj ET Q q 0 0 0 rg BT 270.29 138.75 Td (in ) Tj ET Q q 0 0 0 rg BT 280.22 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 294.59 138.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 322.85 138.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 363.89 138.75 Td (region ) Tj ET Q q 0 0 0 rg BT 391.59 138.75 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.83 138.75 Td ($1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.33 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 454.48 138.75 Td (per ) Tj ET Q q 0 0 0 rg BT 469.40 138.75 Td (Bbl, ) Tj ET Q q 0 0 0 rg BT 488.50 138.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 530.08 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 540.01 138.75 Td ($3.97 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (per ) Tj ET Q q 0 0 0 rg BT 64.77 126.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 81.72 126.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.33 126.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.33 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 132.83 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 149.76 126.75 Td ($5.60 ) Tj ET Q q 0 0 0 rg BT 174.76 126.75 Td (per ) Tj ET Q q 0 0 0 rg BT 190.03 126.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 206.98 126.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.59 126.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.59 126.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (COMPETITION ) Tj ET Q q 0 0 0 rg BT 124.79 102.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 148.95 102.75 Td (MARKETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 78.75 Td (e ) Tj ET Q q 0 0 0 rg BT 82.34 78.75 Td (face ) Tj ET Q q 0 0 0 rg BT 100.74 78.75 Td (competition ) Tj ET Q q 0 0 0 rg BT 150.27 78.75 Td (from ) Tj ET Q q 0 0 0 rg BT 171.47 78.75 Td (other ) Tj ET Q q 0 0 0 rg BT 193.78 78.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 206.09 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 222.29 78.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.82 78.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 266.91 78.75 Td (companies ) Tj ET Q q 0 0 0 rg BT 311.43 78.75 Td (in ) Tj ET Q q 0 0 0 rg BT 320.97 78.75 Td (all ) Tj ET Q q 0 0 0 rg BT 332.72 78.75 Td (aspects ) Tj ET Q q 0 0 0 rg BT 363.36 78.75 Td (of ) Tj ET Q q 0 0 0 rg BT 373.45 78.75 Td (our ) Tj ET Q q 0 0 0 rg BT 388.54 78.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 426.69 78.75 Td (including ) Tj ET Q q 0 0 0 rg BT 466.23 78.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 511.87 78.75 Td (of ) Tj ET Q q 0 0 0 rg BT 521.96 78.75 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 94.33 66.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.24 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 124.02 66.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 139.70 66.75 Td (leases, ) Tj ET Q q 0 0 0 rg BT 168.43 66.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 200.22 66.75 Td (rights, ) Tj ET Q q 0 0 0 rg BT 227.84 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 244.63 66.75 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 65.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.77 66.75 Td ( ) Tj ET Q q 0 0 0 rg BT 264.12 66.75 Td (properties; ) Tj ET Q q 0 0 0 rg BT 309.23 66.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 352.12 66.75 Td (of ) Tj ET Q q 0 0 0 rg BT 362.80 66.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 375.70 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 392.49 66.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 422.60 66.75 Td (gas; ) Tj ET Q q 0 0 0 rg BT 441.05 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 457.84 66.75 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 497.96 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 514.75 66.75 Td (maintaining ) 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 (goods, ) Tj ET Q q 0 0 0 rg BT 77.90 726.60 Td (services ) Tj ET Q q 0 0 0 rg BT 112.12 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 726.60 Td (labor) Tj ET Q q 0 0 0 rg BT 148.56 726.60 Td (.Many ) Tj ET Q q 0 0 0 rg BT 181.40 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.74 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 207.08 726.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 256.30 726.60 Td (have ) Tj ET Q q 0 0 0 rg BT 277.19 726.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 329.75 726.60 Td (lar) Tj ET Q q 0 0 0 rg BT 340.11 726.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 354.89 726.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.88 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.33 726.60 Td (other ) Tj ET Q q 0 0 0 rg BT 430.88 726.60 Td (resources.Factors ) Tj ET Q q 0 0 0 rg BT 507.59 726.60 Td (that ) Tj ET Q q 0 0 0 rg BT 524.60 726.60 Td (af) Tj ET Q q 0 0 0 rg BT 532.18 726.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.18 726.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.56 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 89.84 714.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 122.77 714.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 166.82 714.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 210.32 714.60 Td (include ) Tj ET Q q 0 0 0 rg BT 243.25 714.60 Td (available ) Tj ET Q q 0 0 0 rg BT 282.85 714.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 316.09 714.60 Td (, ) Tj ET Q q 0 0 0 rg BT 322.10 714.60 Td (available ) Tj ET Q q 0 0 0 rg BT 361.69 714.60 Td (information ) Tj ET Q q 0 0 0 rg BT 412.41 714.60 Td (about ) Tj ET Q q 0 0 0 rg BT 438.13 714.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 487.73 714.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 531.22 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 549.17 714.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 102.20 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 116.58 702.60 Td (earning ) Tj ET Q q 0 0 0 rg BT 149.29 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.45 702.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 198.07 702.60 Td (projected ) Tj ET Q q 0 0 0 rg BT 237.99 702.60 Td (return ) Tj ET Q q 0 0 0 rg BT 264.59 702.60 Td (on ) Tj ET Q q 0 0 0 rg BT 277.31 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 293.36 702.60 Td (investments.Because ) Tj ET Q q 0 0 0 rg BT 384.68 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.73 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.67 702.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 445.04 702.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 472.75 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 483.80 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 499.86 702.60 Td (core ) Tj ET Q q 0 0 0 rg BT 519.79 702.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 545.84 702.60 Td (\(our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 81.24 690.60 Td (operations\) ) Tj ET Q q 0 0 0 rg BT 129.08 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.39 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 162.58 690.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 207.10 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.30 690.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 258.92 690.60 Td (uncommon ) Tj ET Q q 0 0 0 rg BT 306.78 690.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 351.86 690.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.48 690.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 415.34 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.53 690.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 440.42 689.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.67 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.54 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 457.18 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.26 690.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 493.45 690.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 519.09 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.40 690.60 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 90.65 678.60 Td (regions, ) Tj ET Q q 0 0 0 rg BT 124.85 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 138.77 678.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 169.91 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 187.17 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 201.09 678.60 Td (are ) Tj ET Q q 0 0 0 rg BT 215.56 678.60 Td (ef) Tj ET Q q 0 0 0 rg BT 223.15 678.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 252.62 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.66 678.60 Td (competing ) Tj ET Q q 0 0 0 rg BT 307.13 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 317.17 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.65 678.60 Td (market ) Tj ET Q q 0 0 0 rg BT 361.68 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 378.38 678.60 Td (have ) Tj ET Q q 0 0 0 rg BT 399.52 678.60 Td (less ) Tj ET Q q 0 0 0 rg BT 416.79 678.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 466.82 678.60 Td (than ) Tj ET Q q 0 0 0 rg BT 486.30 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 501.89 678.60 Td (peers ) Tj ET Q q 0 0 0 rg BT 525.25 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 535.29 678.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 80.88 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.71 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 107.54 666.60 Td (business.) 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 86.57 642.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 121.75 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 136.93 642.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 175.99 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.95 642.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 245.78 642.60 Td (field ) Tj ET Q q 0 0 0 rg BT 267.62 642.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 310.02 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.32 642.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 341.51 642.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 366.14 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.10 642.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 419.28 642.60 Td (field ) Tj ET Q q 0 0 0 rg BT 441.12 642.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 486.30 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.26 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 519.44 642.60 Td (geologists, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (geophysicists, ) Tj ET Q q 0 0 0 rg BT 108.79 630.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 150.01 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 167.35 630.60 Td (other ) Tj ET Q q 0 0 0 rg BT 190.80 630.60 Td (professionals ) Tj ET Q q 0 0 0 rg BT 246.47 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.15 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.27 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.73 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.07 630.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.30 630.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 354.99 630.60 Td (can ) Tj ET Q q 0 0 0 rg BT 371.77 630.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 409.65 630.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 458.99 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 464.39 630.60 Td (often ) Tj ET Q q 0 0 0 rg BT 487.84 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 498.52 630.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 544.74 630.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.90 618.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 127.13 618.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 160.52 618.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 196.13 618.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 236.75 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.38 618.60 Td (such ) Tj ET Q q 0 0 0 rg BT 268.55 618.60 Td (personnel.Prior ) Tj ET Q q 0 0 0 rg BT 337.78 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 348.40 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.47 618.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 390.74 618.60 Td (downturn ) Tj ET Q q 0 0 0 rg BT 431.92 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 442.55 618.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 455.95 618.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 485.18 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.24 618.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 550.86 618.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 87.89 606.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 126.82 606.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 168.54 606.60 Td (had ) Tj ET Q q 0 0 0 rg BT 185.82 606.60 Td (been ) Tj ET Q q 0 0 0 rg BT 207.54 606.60 Td (extensive, ) Tj ET Q q 0 0 0 rg BT 250.65 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.93 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 284.10 606.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 325.82 606.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 348.67 606.60 Td (escalated. ) Tj ET Q q 0 0 0 rg BT 390.65 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 393.29 606.60 Td (There ) Tj ET Q q 0 0 0 rg BT 419.45 606.60 Td (were ) Tj ET Q q 0 0 0 rg BT 441.72 606.60 Td (also ) Tj ET Q q 0 0 0 rg BT 460.67 606.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 492.95 606.60 Td (with ) Tj ET Q q 0 0 0 rg BT 513.57 606.60 Td (shortages ) 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 (drilling ) Tj ET Q q 0 0 0 rg BT 83.16 594.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 102.37 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.02 594.60 Td (other ) Tj ET Q q 0 0 0 rg BT 145.78 594.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 194.71 594.60 Td (as ) Tj ET Q q 0 0 0 rg BT 207.25 594.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 243.12 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 259.00 594.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 278.21 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.86 594.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 343.29 594.60 Td (has ) Tj ET Q q 0 0 0 rg BT 360.83 594.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 402.80 594.60 Td (along ) Tj ET Q q 0 0 0 rg BT 429.23 594.60 Td (with ) Tj ET Q q 0 0 0 rg BT 451.22 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.65 594.60 Td (number ) Tj ET Q q 0 0 0 rg BT 502.42 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 514.96 594.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 540.28 594.60 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (drilled.) Tj ET Q q 0 0 0 rg BT 82.92 582.60 Td (These ) Tj ET Q q 0 0 0 rg BT 109.07 582.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 138.55 582.60 Td (also ) Tj ET Q q 0 0 0 rg BT 156.92 582.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 181.40 582.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 225.88 582.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 264.80 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 274.84 582.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 297.11 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 311.04 582.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 358.03 582.60 Td (services ) Tj ET Q q 0 0 0 rg BT 392.50 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.21 582.60 Td (personnel.) Tj ET Q q 0 0 0 rg BT 455.41 582.60 Td (W) Tj ET Q q 0 0 0 rg BT 464.04 582.60 Td (e ) Tj ET Q q 0 0 0 rg BT 470.75 582.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 499.68 582.60 Td (be ) Tj ET Q q 0 0 0 rg BT 511.38 582.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.86 582.60 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.15 570.60 Td (will ) Tj ET Q q 0 0 0 rg BT 80.70 570.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 125.99 570.60 Td (these ) Tj ET Q q 0 0 0 rg BT 148.52 570.60 Td (issues, ) Tj ET Q q 0 0 0 rg BT 176.90 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.33 570.60 Td (these ) Tj ET Q q 0 0 0 rg BT 215.87 570.60 Td (types ) Tj ET Q q 0 0 0 rg BT 238.97 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.29 570.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 289.05 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 299.37 570.60 Td (price ) Tj ET Q q 0 0 0 rg BT 321.34 570.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 359.98 570.60 Td (could ) Tj ET Q q 0 0 0 rg BT 384.18 570.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 436.16 570.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 472.57 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 487.89 570.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 512.09 570.60 Td (mar) Tj ET Q q 0 0 0 rg BT 527.46 570.60 Td (gin, ) Tj ET Q q 0 0 0 rg BT 544.73 570.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 70.33 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.27 558.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 127.53 558.60 Td (results, ) Tj ET Q q 0 0 0 rg BT 158.64 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.58 558.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 200.29 558.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.00 558.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 273.04 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.32 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 299.15 558.60 Td (development ) Tj ET Q q 0 0 0 rg BT 353.30 558.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 96.73 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.68 534.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 122.84 534.60 Td (ST) Tj ET Q q 0 0 0 rg BT 134.33 534.60 Td (A) Tj ET Q q 0 0 0 rg BT 140.81 534.60 Td (TE ) Tj ET Q q 0 0 0 rg BT 156.65 534.60 Td (REGULA) Tj ET Q q 0 0 0 rg BT 198.69 534.60 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 111.92 510.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 144.93 510.60 Td (state ) Tj ET Q q 0 0 0 rg BT 166.02 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.21 510.60 Td (local ) Tj ET Q q 0 0 0 rg BT 205.41 510.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 226.49 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.69 510.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 290.88 510.60 Td (govern ) Tj ET Q q 0 0 0 rg BT 321.41 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.39 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 349.70 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.90 510.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 382.99 510.60 Td (industry) Tj ET Q q 0 0 0 rg BT 415.12 510.60 Td (.) Tj ET Q q 0 0 0 rg BT 422.07 510.60 Td (Additions ) Tj ET Q q 0 0 0 rg BT 464.27 510.60 Td (or ) Tj ET Q q 0 0 0 rg BT 475.36 510.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 510.33 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 520.86 510.60 Td (these ) Tj ET Q q 0 0 0 rg BT 544.17 510.60 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 498.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 115.30 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 130.96 498.60 Td (often ) Tj ET Q q 0 0 0 rg BT 154.97 498.60 Td (made ) Tj ET Q q 0 0 0 rg BT 180.09 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 191.33 498.60 Td (response ) Tj ET Q q 0 0 0 rg BT 229.78 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.02 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.70 498.60 Td (current ) Tj ET Q q 0 0 0 rg BT 288.48 498.60 Td (political ) Tj ET Q q 0 0 0 rg BT 324.71 498.60 Td (or ) Tj ET Q q 0 0 0 rg BT 336.50 498.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 378.84 498.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 435.34 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 438.80 498.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 490.58 498.60 Td (with ) Tj ET Q q 0 0 0 rg BT 511.82 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.50 498.60 Td (evolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 92.24 486.60 Td (landscape ) Tj ET Q q 0 0 0 rg BT 133.31 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 141.62 486.60 Td (often ) Tj ET Q q 0 0 0 rg BT 163.82 486.60 Td (dif) Tj ET Q q 0 0 0 rg BT 174.74 486.60 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 199.99 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.08 486.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 260.50 486.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 297.68 486.60 Td (may ) Tj ET Q q 0 0 0 rg BT 316.55 486.60 Td (be ) Tj ET Q q 0 0 0 rg BT 327.63 486.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 362.59 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.90 486.60 Td (noncompliance. ) Tj ET Q q 0 0 0 rg BT 441.13 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 442.41 486.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 492.32 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 496.46 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.32 486.60 Td (future ) Tj ET Q q 0 0 0 rg BT 535.85 486.60 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.67 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 80.06 474.60 Td (complying ) Tj ET Q q 0 0 0 rg BT 125.89 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 146.73 474.60 Td (all ) Tj ET Q q 0 0 0 rg BT 159.78 474.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 181.17 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.67 474.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 246.16 474.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 290.31 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.15 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 317.53 474.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 362.25 474.60 Td (is ) Tj ET Q q 0 0 0 rg BT 371.98 474.60 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 412.24 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.74 474.60 Td (will ) Tj ET Q q 0 0 0 rg BT 448.35 474.60 Td (be ) Tj ET Q q 0 0 0 rg BT 460.85 474.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 504.46 474.60 Td (determined ) 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 49.50 462.60 Td (several ) Tj ET Q q 0 0 0 rg BT 80.36 462.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 112.62 462.60 Td (including ) Tj ET Q q 0 0 0 rg BT 152.94 462.60 Td (future ) Tj ET Q q 0 0 0 rg BT 179.36 462.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 214.11 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.44 462.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 246.42 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.40 462.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 307.04 462.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 364.29 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.84 462.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 421.58 462.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 456.90 462.60 Td (that ) Tj ET Q q 0 0 0 rg BT 474.44 462.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 516.42 462.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.37 450.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 103.12 450.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 123.54 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.07 450.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 186.59 450.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 229.77 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.64 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 255.06 450.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.81 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.33 450.60 Td (future ) Tj ET Q q 0 0 0 rg BT 341.30 450.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 389.48 450.60 Td (therewith ) Tj ET Q q 0 0 0 rg BT 429.33 450.60 Td (will ) Tj ET Q q 0 0 0 rg BT 446.98 450.60 Td (not ) Tj ET Q q 0 0 0 rg BT 461.85 450.60 Td (have ) Tj ET Q q 0 0 0 rg BT 482.82 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 489.34 450.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 531.97 450.60 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 438.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 73.54 438.60 Td (on ) Tj ET Q q 0 0 0 rg BT 85.01 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.80 438.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 151.81 438.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.26 438.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 224.45 438.60 Td (results ) Tj ET Q q 0 0 0 rg BT 252.02 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.82 438.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 304.94 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 314.74 438.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.97 438.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 360.16 438.60 Td (although ) Tj ET Q q 0 0 0 rg BT 396.62 438.60 Td (such ) Tj ET Q q 0 0 0 rg BT 416.42 438.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 436.22 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.12 438.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 500.52 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.43 438.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 92.92 426.60 Td (could ) Tj ET Q q 0 0 0 rg BT 118.29 426.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 143.65 426.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 189.02 426.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 217.72 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 229.20 426.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 271.23 426.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 303.82 426.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 351.13 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 378.72 426.60 Td (may) Tj ET Q q 0 0 0 rg BT 395.29 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 400.95 426.60 Td (among ) Tj ET Q q 0 0 0 rg BT 431.32 426.60 Td (other ) Tj ET Q q 0 0 0 rg BT 455.02 426.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 485.12 426.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 510.48 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.97 426.60 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 414.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 116.70 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.64 414.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 153.91 414.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 178.63 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.91 414.60 Td (be ) Tj ET Q q 0 0 0 rg BT 200.85 414.60 Td (less ) Tj ET Q q 0 0 0 rg BT 218.35 414.60 Td (than ) Tj ET Q q 0 0 0 rg BT 238.06 414.60 Td (anticipated.) 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 85.45 390.60 Td (following ) Tj ET Q q 0 0 0 rg BT 126.74 390.60 Td (sections ) Tj ET Q q 0 0 0 rg BT 161.36 390.60 Td (describe ) Tj ET Q q 0 0 0 rg BT 197.08 390.60 Td (some ) Tj ET Q q 0 0 0 rg BT 220.60 390.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 254.10 390.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 274.83 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 291.67 390.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 338.51 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 355.91 390.60 Td (may ) Tj ET Q q 0 0 0 rg BT 375.53 390.60 Td (af) Tj ET Q q 0 0 0 rg BT 383.12 390.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 400.51 390.60 Td (us.) Tj ET Q q 0 0 0 rg BT 416.72 390.60 Td (W) Tj ET Q q 0 0 0 rg BT 425.36 390.60 Td (e ) Tj ET Q q 0 0 0 rg BT 432.20 390.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 461.26 390.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 491.43 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.05 390.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 524.57 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 535.30 390.60 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 378.60 Td (these ) Tj ET Q q 0 0 0 rg BT 83.38 378.60 Td (or ) Tj ET Q q 0 0 0 rg BT 94.21 378.60 Td (other ) Tj ET Q q 0 0 0 rg BT 117.25 378.60 Td (future ) Tj ET Q q 0 0 0 rg BT 143.63 378.60 Td (legislative ) Tj ET Q q 0 0 0 rg BT 187.23 378.60 Td (or ) Tj ET Q q 0 0 0 rg BT 198.06 378.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 241.65 378.60 Td (initiatives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 98.67 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.50 354.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 145.33 354.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 164.50 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.12 354.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 198.96 354.60 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 252.58 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.20 354.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 281.57 354.60 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 330.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.54 330.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 127.69 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 141.39 330.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.20 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.47 330.60 Td (various ) Tj ET Q q 0 0 0 rg BT 211.40 330.60 Td (types ) Tj ET Q q 0 0 0 rg BT 234.00 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.82 330.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 285.85 330.60 Td (at ) Tj ET Q q 0 0 0 rg BT 294.56 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.27 330.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 340.01 330.60 Td (state ) Tj ET Q q 0 0 0 rg BT 359.83 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.76 330.60 Td (local ) Tj ET Q q 0 0 0 rg BT 396.68 330.60 Td (levels.Such ) Tj ET Q q 0 0 0 rg BT 449.00 330.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 491.03 330.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 525.85 330.60 Td (requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 81.68 318.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.52 318.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 127.15 318.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 153.22 318.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 203.17 318.60 Td (bonding ) Tj ET Q q 0 0 0 rg BT 238.13 318.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 292.51 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 302.47 318.60 Td (order ) Tj ET Q q 0 0 0 rg BT 325.75 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 335.72 318.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 354.56 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 365.08 318.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 396.68 318.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 419.97 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.59 318.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 479.32 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.72 318.60 Td (location ) Tj ET Q q 0 0 0 rg BT 528.11 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 538.63 318.60 Td (wells; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.46 306.60 Td (method ) Tj ET Q q 0 0 0 rg BT 97.19 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.26 306.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 140.45 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.63 306.60 Td (casing ) Tj ET Q q 0 0 0 rg BT 185.92 306.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 212.54 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.50 306.60 Td (surface ) Tj ET Q q 0 0 0 rg BT 259.11 306.60 Td (use ) Tj ET Q q 0 0 0 rg BT 275.18 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.36 306.60 Td (restoration ) Tj ET Q q 0 0 0 rg BT 337.86 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.93 306.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 391.66 306.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 414.40 306.60 Td (which ) Tj ET Q q 0 0 0 rg BT 441.58 306.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 465.43 306.60 Td (are ) Tj ET Q q 0 0 0 rg BT 480.38 306.60 Td (drilled; ) Tj ET Q q 0 0 0 rg BT 512.00 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 306.60 Td (plugging ) 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 65.21 294.60 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 113.13 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.73 294.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 147.88 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.59 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.08 294.60 Td (composition ) Tj ET Q q 0 0 0 rg BT 227.79 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 237.39 294.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 271.43 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.03 294.60 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 322.28 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.99 294.60 Td (fluids ) Tj ET Q q 0 0 0 rg BT 362.04 294.60 Td (used ) Tj ET Q q 0 0 0 rg BT 381.63 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.68 294.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 435.82 294.60 Td (with ) Tj ET Q q 0 0 0 rg BT 454.87 294.60 Td (operations.Our ) Tj ET Q q 0 0 0 rg BT 520.84 294.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.81 282.60 Td (also ) Tj ET Q q 0 0 0 rg BT 82.01 282.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.44 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.31 282.60 Td (various ) Tj ET Q q 0 0 0 rg BT 153.85 282.60 Td (conservation ) Tj ET Q q 0 0 0 rg BT 207.04 282.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 227.47 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.01 282.60 Td (regulations.) Tj ET Q q 0 0 0 rg BT 295.76 282.60 Td (These ) Tj ET Q q 0 0 0 rg BT 321.74 282.60 Td (include ) Tj ET Q q 0 0 0 rg BT 353.27 282.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 395.91 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.34 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.65 282.60 Td (size ) Tj ET Q q 0 0 0 rg BT 438.30 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 448.73 282.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 482.77 282.60 Td (spacing ) Tj ET Q q 0 0 0 rg BT 515.42 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 525.84 282.60 Td (proration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (units ) Tj ET Q q 0 0 0 rg BT 70.86 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.21 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.34 270.60 Td (density ) Tj ET Q q 0 0 0 rg BT 132.13 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.37 270.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 165.39 270.60 Td (that ) Tj ET Q q 0 0 0 rg BT 182.30 270.60 Td (may ) Tj ET Q q 0 0 0 rg BT 201.43 270.60 Td (be ) Tj ET Q q 0 0 0 rg BT 212.77 270.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 240.79 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 250.48 270.60 Td (those ) Tj ET Q q 0 0 0 rg BT 273.50 270.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 297.36 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.71 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.83 270.60 Td (unitization ) Tj ET Q q 0 0 0 rg BT 372.51 270.60 Td (or ) Tj ET Q q 0 0 0 rg BT 382.75 270.60 Td (pooling ) Tj ET Q q 0 0 0 rg BT 415.22 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.46 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 437.93 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.28 270.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.52 270.60 Td (properties.In ) Tj ET Q q 0 0 0 rg BT 527.24 270.60 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.11 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.41 258.60 Td (state ) Tj ET Q q 0 0 0 rg BT 118.60 258.60 Td (conservation ) Tj ET Q q 0 0 0 rg BT 172.55 258.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 196.24 258.60 Td (which ) Tj ET Q q 0 0 0 rg BT 223.54 258.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 261.40 258.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 304.81 258.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 326.55 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.74 258.60 Td (production ) Tj ET Q q 0 0 0 rg BT 383.92 258.60 Td (from ) Tj ET Q q 0 0 0 rg BT 406.22 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 419.64 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.94 258.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 453.13 258.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 479.60 258.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 519.66 258.60 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 554.18 258.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 79.70 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.35 246.60 Td (venting ) Tj ET Q q 0 0 0 rg BT 126.78 246.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.55 246.60 Td (flaring ) Tj ET Q q 0 0 0 rg BT 166.64 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.40 246.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 207.60 246.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.37 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.24 246.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 271.57 246.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 301.20 246.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 355.84 246.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 396.59 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.24 246.60 Td (ratability ) Tj ET Q q 0 0 0 rg BT 449.78 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.54 246.60 Td (production.) Tj ET Q q 0 0 0 rg BT 511.19 246.60 Td (The ) Tj ET Q q 0 0 0 rg BT 529.17 246.60 Td (ef) Tj ET Q q 0 0 0 rg BT 536.76 246.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 554.18 246.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 234.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 93.38 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.33 234.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 157.26 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 176.99 234.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 198.38 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.10 234.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.60 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.43 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.50 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.44 234.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 316.71 234.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 332.54 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 346.70 234.60 Td (can ) Tj ET Q q 0 0 0 rg BT 363.08 234.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 397.79 234.60 Td (from ) Tj ET Q q 0 0 0 rg BT 419.74 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 435.57 234.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 459.18 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 476.13 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 495.85 234.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 517.24 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.96 234.60 Td (number ) 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 59.56 222.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 82.40 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 92.45 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.40 222.60 Td (locations ) Tj ET Q q 0 0 0 rg BT 144.23 222.60 Td (at ) Tj ET Q q 0 0 0 rg BT 153.18 222.60 Td (which ) Tj ET Q q 0 0 0 rg BT 179.34 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 192.73 222.60 Td (can ) Tj ET Q q 0 0 0 rg BT 208.34 222.60 Td (drill.Regulatory ) Tj ET Q q 0 0 0 rg BT 278.67 222.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 332.60 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 348.76 222.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 396.58 222.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 428.29 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.80 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.74 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 464.03 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.19 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 495.25 222.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 529.76 222.60 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 210.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 87.83 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 98.66 210.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 123.94 210.60 Td (business ) Tj ET Q q 0 0 0 rg BT 160.33 210.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 179.77 210.60 Td (consequently) Tj ET Q q 0 0 0 rg BT 231.88 210.60 Td (, ) Tj ET Q q 0 0 0 rg BT 236.88 210.60 Td (af) Tj ET Q q 0 0 0 rg BT 244.47 210.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 261.96 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.79 210.60 Td (profitability) Tj ET Q q 0 0 0 rg BT 324.91 210.60 Td (.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Federal ) Tj ET Q q 0 0 0 rg BT 84.76 726.75 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 133.93 726.75 Td (of ) Tj ET Q q 0 0 0 rg BT 144.76 726.75 Td (Sales ) Tj ET Q q 0 0 0 rg BT 168.93 726.75 Td (Prices ) Tj ET Q q 0 0 0 rg BT 197.53 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 215.97 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 221.90 726.75 Td (ransportation) 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 85.56 702.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 143.61 702.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 156.95 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 173.90 702.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.62 702.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 225.57 702.75 Td (with ) Tj ET Q q 0 0 0 rg BT 245.85 702.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 276.68 702.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 289.47 702.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 319.75 702.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 335.59 702.75 Td (in ) Tj ET Q q 0 0 0 rg BT 345.88 702.75 Td (interstate ) Tj ET Q q 0 0 0 rg BT 385.04 702.75 Td (commerce ) Tj ET Q q 0 0 0 rg BT 429.19 702.75 Td (are ) Tj ET Q q 0 0 0 rg BT 443.91 702.75 Td (heavily ) Tj ET Q q 0 0 0 rg BT 475.85 702.75 Td (regulated ) Tj ET Q q 0 0 0 rg BT 515.57 702.75 Td (by ) Tj ET Q q 0 0 0 rg BT 528.08 702.75 Td (agencies ) 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 59.87 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 74.12 690.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 93.94 690.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 123.73 690.75 Td (government ) Tj ET Q q 0 0 0 rg BT 173.54 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 190.01 690.75 Td (are ) Tj ET Q q 0 0 0 rg BT 204.26 690.75 Td (af) Tj ET Q q 0 0 0 rg BT 211.84 690.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 238.31 690.75 Td (by) Tj ET Q q 0 0 0 rg BT 247.66 690.75 Td (, ) Tj ET Q q 0 0 0 rg BT 252.19 690.75 Td (among ) Tj ET Q q 0 0 0 rg BT 281.45 690.75 Td (other ) Tj ET Q q 0 0 0 rg BT 304.03 690.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 333.02 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 347.27 690.75 Td (availability) Tj ET Q q 0 0 0 rg BT 391.61 690.75 Td (, ) Tj ET Q q 0 0 0 rg BT 396.15 690.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 420.40 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 436.88 690.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 455.02 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 465.39 690.75 Td (transportation.Notably) Tj ET Q q 0 0 0 rg BT 560.00 690.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 678.75 Td (price ) Tj ET Q q 0 0 0 rg BT 88.03 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 105.64 678.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 131.02 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 142.52 678.75 Td (access ) Tj ET Q q 0 0 0 rg BT 171.22 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 182.16 678.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 217.54 678.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 276.25 678.75 Td (are ) Tj ET Q q 0 0 0 rg BT 291.62 678.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 323.11 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 334.05 678.75 Td (extensive ) Tj ET Q q 0 0 0 rg BT 374.98 678.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 395.93 678.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 426.85 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 444.46 678.75 Td (state ) Tj ET Q q 0 0 0 rg BT 465.95 678.75 Td (regulation.) 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(of ) Tj ET Q q 0 0 0 rg BT 399.38 534.75 Td (T) Tj ET Q q 0 0 0 rg BT 405.13 534.75 Td (ransportation) Tj ET Q q 0 0 0 rg BT 460.68 534.75 Td (s ) Tj ET Q q 0 0 0 rg BT 467.22 534.75 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 502.65 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.74 534.75 Td (Hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.75 Td (Materials ) Tj ET Q q 0 0 0 rg BT 89.60 522.75 Td (Safety ) Tj ET Q q 0 0 0 rg BT 116.97 522.75 Td (Administration ) Tj ET Q q 0 0 0 rg BT 179.86 522.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 197.74 522.75 Td (PHMSA\) ) Tj ET Q q 0 0 0 rg BT 246.75 522.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 285.19 522.75 Td (for ) Tj ET Q q 0 0 0 rg BT 299.19 522.75 Td (new ) Tj ET Q q 0 0 0 rg BT 318.19 522.75 Td (damage ) Tj ET Q q 0 0 0 rg BT 351.62 522.75 Td (prevention ) Tj ET Q q 0 0 0 rg BT 396.72 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.49 522.75 Td (incident ) Tj ET Q q 0 0 0 rg BT 448.04 522.75 Td (notification, ) Tj ET Q q 0 0 0 rg BT 498.98 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Q q 0 0 0 rg BT 449.94 510.75 Td (af) Tj ET Q q 0 0 0 rg BT 457.53 510.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.60 510.75 Td (our ) Tj ET Q q 0 0 0 rg BT 490.02 510.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 533.76 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 510.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.30 498.75 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 105.92 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 108.52 498.75 Td (While ) Tj ET Q q 0 0 0 rg BT 135.75 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 150.77 498.75 Td (PHMSA) Tj ET Q q 0 0 0 rg BT 184.68 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 187.48 498.75 Td (has ) Tj ET Q q 0 0 0 rg BT 203.61 498.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 238.07 498.75 Td (or ) Tj ET Q q 0 0 0 rg BT 249.20 498.75 Td (proposed ) Tj ET Q q 0 0 0 rg BT 288.66 498.75 Td (to ) Tj ET Q q 0 0 0 rg BT 299.24 498.75 Td (adopt ) Tj ET Q q 0 0 0 rg BT 324.26 498.75 Td (a ) Tj ET Q q 0 0 0 rg BT 331.50 498.75 Td (number ) Tj 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(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.74 486.75 Td ( ) Tj ET Q q 0 0 0 rg BT 318.24 486.75 Td (pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.75 Td (Both ) Tj ET Q q 0 0 0 rg BT 89.67 462.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 120.15 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 137.31 462.75 Td (state ) Tj ET Q q 0 0 0 rg BT 158.36 462.75 Td (authorities ) Tj ET Q q 0 0 0 rg BT 203.30 462.75 Td (have ) Tj ET Q q 0 0 0 rg BT 224.90 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 235.41 462.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 262.55 462.75 Td (years ) Tj ET Q q 0 0 0 rg BT 286.38 462.75 Td (proposed ) Tj ET Q q 0 0 0 rg BT 325.76 462.75 Td (new ) Tj ET Q q 0 0 0 rg BT 345.15 462.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 392.30 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 402.81 462.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 424.42 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 439.37 462.75 Td (emission ) Tj ET Q q 0 0 0 rg BT 477.65 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 488.70 462.75 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 536.96 462.75 Td (gasses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (as ) Tj ET Q q 0 0 0 rg BT 60.94 450.75 Td (part ) Tj ET Q q 0 0 0 rg BT 79.59 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.02 450.75 Td (climate ) Tj ET Q q 0 0 0 rg BT 123.56 450.75 Td (change ) Tj ET Q q 0 0 0 rg BT 154.98 450.75 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 202.52 450.75 Td (For ) Tj ET Q q 0 0 0 rg BT 219.52 450.75 Td (example, ) Tj ET Q q 0 0 0 rg BT 259.00 450.75 Td (both ) Tj ET Q q 0 0 0 rg BT 279.88 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 295.20 450.75 Td (EP) Tj ET Q q 0 0 0 rg BT 305.96 450.75 Td (A) Tj ET Q q 0 0 0 rg BT 312.63 450.75 Td ( ) Tj ET Q q 0 0 0 rg BT 315.73 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 333.27 450.75 Td (BLM ) Tj ET Q q 0 0 0 rg BT 358.05 450.75 Td (have ) Tj ET Q q 0 0 0 rg BT 380.03 450.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 408.14 450.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 455.68 450.75 Td (for ) Tj ET Q q 0 0 0 rg BT 470.44 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 485.76 450.75 Td (control ) Tj ET Q q 0 0 0 rg BT 517.20 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 528.63 450.75 Td (methane ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 94.48 438.75 Td ( ) Tj ET Q q 0 0 0 rg BT 97.28 438.75 Td (The ) Tj ET Q q 0 0 0 rg BT 115.86 438.75 Td (EP) Tj ET Q q 0 0 0 rg BT 126.61 438.75 Td (A) Tj ET Q q 0 0 0 rg BT 133.28 438.75 Td ( ) Tj ET Q q 0 0 0 rg BT 136.31 438.75 Td (has ) Tj ET Q q 0 0 0 rg BT 152.67 438.75 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 206.23 438.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 253.70 438.75 Td (requiring ) Tj ET Q q 0 0 0 rg BT 293.38 438.75 Td (permitting ) Tj ET Q q 0 0 0 rg BT 338.07 438.75 Td (for ) Tj ET Q q 0 0 0 rg BT 352.75 438.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 382.98 438.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 416.00 438.75 Td (of ) Tj ET Q q 0 0 0 rg BT 427.36 438.75 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 475.92 438.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 492.28 438.75 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 537.25 438.75 Td (and ) Tj ET Q q 0 0 0 rg BT 554.72 438.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (May ) Tj ET Q q 0 0 0 rg BT 69.99 426.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 94.65 426.75 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 147.35 426.75 Td (final ) Tj ET Q q 0 0 0 rg BT 167.84 426.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 214.43 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 224.37 426.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 253.17 426.75 Td (methane ) Tj ET Q q 0 0 0 rg BT 289.20 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 305.80 426.75 Td (volatile ) Tj ET Q q 0 0 0 rg BT 337.95 426.75 Td (or) Tj ET Q q 0 0 0 rg BT 346.10 426.75 Td (ganic ) Tj ET Q q 0 0 0 rg BT 369.92 426.75 Td (compound ) Tj ET Q q 0 0 0 rg BT 414.29 426.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 455.90 426.75 Td (from ) Tj ET Q q 0 0 0 rg BT 477.50 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.88 426.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 504.59 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 521.19 426.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 536.68 426.75 Td (sector) Tj ET Q q 0 0 0 rg BT 560.00 426.75 Td (. ) Tj ET Q q 0 0 0 rg BT 565.00 426.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 414.75 Td ( ) Tj ET Q q 0 0 0 rg BT 58.09 414.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 87.76 414.75 Td (appeals ) Tj ET Q q 0 0 0 rg BT 119.67 414.75 Td (courts ) Tj ET Q q 0 0 0 rg BT 146.03 414.75 Td (in ) Tj ET Q q 0 0 0 rg BT 155.73 414.75 Td (July ) Tj ET Q q 0 0 0 rg BT 174.32 414.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 196.24 414.75 Td (rejected ) Tj ET Q q 0 0 0 rg BT 229.80 414.75 Td (an ) Tj ET Q q 0 0 0 rg BT 241.16 414.75 Td (attempt ) Tj ET Q q 0 0 0 rg BT 273.07 414.75 Td (by ) Tj ET Q q 0 0 0 rg BT 284.99 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.13 414.75 Td (EP) Tj ET Q q 0 0 0 rg BT 309.88 414.75 Td (A) Tj ET Q q 0 0 0 rg BT 316.55 414.75 Td ( ) Tj ET Q q 0 0 0 rg BT 318.47 414.75 Td (to ) Tj ET Q q 0 0 0 rg BT 328.17 414.75 Td (delay ) Tj ET Q q 0 0 0 rg BT 351.74 414.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 416.43 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 426.68 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 440.82 414.75 Td (rule, ) Tj ET Q q 0 0 0 rg BT 460.78 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 477.14 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.28 414.75 Td (EP) Tj ET Q q 0 0 0 rg BT 502.03 414.75 Td (A) Tj ET Q q 0 0 0 rg BT 508.70 414.75 Td ( ) Tj ET Q q 0 0 0 rg BT 510.62 414.75 Td (has ) Tj ET Q q 0 0 0 rg BT 525.87 414.75 Td (indicated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (that ) Tj ET Q q 0 0 0 rg BT 67.67 402.75 Td (it ) Tj ET Q q 0 0 0 rg BT 76.39 402.75 Td (may ) Tj ET Q q 0 0 0 rg BT 96.78 402.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 131.61 402.75 Td (a ) Tj ET Q q 0 0 0 rg BT 139.22 402.75 Td (rulemaking ) Tj ET Q q 0 0 0 rg BT 187.93 402.75 Td (to ) Tj ET Q q 0 0 0 rg BT 198.88 402.75 Td (revise ) Tj ET Q q 0 0 0 rg BT 225.93 402.75 Td (or ) Tj ET Q q 0 0 0 rg BT 237.43 402.75 Td (rescind ) Tj ET Q q 0 0 0 rg BT 269.48 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 284.87 402.75 Td (rule. ) Tj ET Q q 0 0 0 rg BT 306.09 402.75 Td ( ) Tj ET Q q 0 0 0 rg BT 309.26 402.75 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 364.07 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 375.57 402.75 Td (these ) Tj ET Q q 0 0 0 rg BT 399.29 402.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 446.90 402.75 Td (may ) Tj ET Q q 0 0 0 rg BT 467.28 402.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 499.34 402.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 542.50 402.75 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (related ) Tj ET Q q 0 0 0 rg BT 78.96 390.75 Td (to ) Tj ET Q q 0 0 0 rg BT 88.99 390.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 137.33 390.75 Td (with ) Tj ET Q q 0 0 0 rg BT 157.37 390.75 Td (new ) Tj ET Q q 0 0 0 rg BT 176.28 390.75 Td (emission ) Tj ET Q q 0 0 0 rg BT 214.09 390.75 Td (limits, ) Tj ET Q q 0 0 0 rg BT 241.63 390.75 Td (as ) Tj ET Q q 0 0 0 rg BT 252.22 390.75 Td (well ) Tj ET Q q 0 0 0 rg BT 271.69 390.75 Td (as ) Tj ET Q q 0 0 0 rg BT 282.27 390.75 Td (inspections ) Tj ET Q q 0 0 0 rg BT 329.52 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 346.22 390.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 399.00 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 409.58 390.75 Td (several ) Tj ET Q q 0 0 0 rg BT 440.15 390.75 Td (types ) Tj ET Q q 0 0 0 rg BT 463.52 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 474.10 390.75 Td (equipment ) Tj ET Q q 0 0 0 rg BT 518.57 390.75 Td (used ) Tj ET Q q 0 0 0 rg BT 539.15 390.75 Td (in ) Tj ET Q q 0 0 0 rg BT 549.19 390.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 85.33 354.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.50 354.75 Td (Gathering ) Tj ET Q q 0 0 0 rg BT 150.89 354.75 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 330.75 Td (State ) Tj ET Q q 0 0 0 rg BT 90.08 330.75 Td (and ) Tj ET Q q 0 0 0 rg BT 107.11 330.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 137.45 330.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 180.58 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 330.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 221.84 330.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 237.76 330.75 Td (gathering ) Tj ET Q q 0 0 0 rg BT 278.11 330.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 315.13 330.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 354.92 330.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 390.83 330.75 Td (various ) Tj ET Q q 0 0 0 rg BT 422.85 330.75 Td (safety) Tj ET Q q 0 0 0 rg BT 446.08 330.75 Td (, ) Tj ET Q q 0 0 0 rg BT 451.17 330.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 511.51 330.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 531.04 330.75 Td (in ) Tj ET Q q 0 0 0 rg BT 541.41 330.75 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 111.96 318.75 Td (nondiscriminatory-take ) Tj ET Q q 0 0 0 rg BT 208.59 318.75 Td (requirements.) Tj ET Q q 0 0 0 rg BT 268.11 318.75 Td (W) Tj ET Q q 0 0 0 rg BT 277.15 318.75 Td (ith ) Tj ET Q q 0 0 0 rg BT 291.03 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 306.57 318.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 342.65 318.75 Td (in ) Tj ET Q q 0 0 0 rg BT 353.75 318.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 406.50 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 424.27 318.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 465.35 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 477.00 318.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 508.09 318.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 524.74 318.75 Td (gathering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (lines ) Tj ET Q q 0 0 0 rg BT 71.35 306.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.10 306.75 Td (various ) Tj ET Q q 0 0 0 rg BT 114.50 306.75 Td (states, ) Tj ET Q q 0 0 0 rg BT 142.19 306.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 172.92 306.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 189.21 306.75 Td (gathering ) Tj ET Q q 0 0 0 rg BT 229.94 306.75 Td (is ) Tj ET Q q 0 0 0 rg BT 239.58 306.75 Td (receiving ) Tj ET Q q 0 0 0 rg BT 279.75 306.75 Td (greater ) Tj ET Q q 0 0 0 rg BT 310.47 306.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 354.53 306.75 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 389.71 306.75 Td (from ) Tj ET Q q 0 0 0 rg BT 412.11 306.75 Td (state ) Tj ET Q q 0 0 0 rg BT 433.41 306.75 Td (and ) Tj ET Q q 0 0 0 rg BT 450.81 306.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 481.53 306.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 525.59 306.75 Td (agencies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 294.75 Td (is ) Tj ET Q q 0 0 0 rg BT 85.61 294.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 110.88 294.75 Td (to ) Tj ET Q q 0 0 0 rg BT 121.16 294.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 158.09 294.75 Td (in ) Tj ET Q q 0 0 0 rg BT 168.37 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.09 294.75 Td (future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (Federal, ) Tj ET Q q 0 0 0 rg BT 87.26 270.75 Td (State ) Tj ET Q q 0 0 0 rg BT 111.42 270.75 Td (or) Tj ET Q q 0 0 0 rg BT 120.68 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 123.18 270.75 Td (Indian ) Tj ET Q q 0 0 0 rg BT 154.04 270.75 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.96 246.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 130.53 246.75 Td (on ) Tj ET Q q 0 0 0 rg BT 143.44 246.75 Td (federal, ) Tj ET Q q 0 0 0 rg BT 176.60 246.75 Td (state ) Tj ET Q q 0 0 0 rg BT 197.84 246.75 Td (or ) Tj ET Q q 0 0 0 rg BT 209.08 246.75 Td (Indian ) Tj ET Q q 0 0 0 rg BT 237.53 246.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 251.00 246.75 Td (and ) Tj ET Q q 0 0 0 rg BT 268.35 246.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 284.59 246.75 Td (leases, ) Tj ET Q q 0 0 0 rg BT 313.88 246.75 Td (especially ) Tj ET Q q 0 0 0 rg BT 356.77 246.75 Td (those ) Tj ET Q q 0 0 0 rg BT 380.79 246.75 Td (in ) Tj ET Q q 0 0 0 rg BT 391.47 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.60 246.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 435.62 246.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 477.42 246.75 Td (region, ) Tj ET Q q 0 0 0 rg BT 508.37 246.75 Td (are ) Tj ET Q q 0 0 0 rg BT 523.49 246.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 246.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 90.52 234.75 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 139.03 234.75 Td (including ) Tj ET Q q 0 0 0 rg BT 178.38 234.75 Td (nondiscrimination ) Tj ET Q q 0 0 0 rg BT 252.73 234.75 Td (statutes. ) Tj ET Q q 0 0 0 rg BT 286.80 234.75 Td ( ) Tj ET Q q 0 0 0 rg BT 288.38 234.75 Td (Such ) Tj ET Q q 0 0 0 rg BT 309.96 234.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 353.19 234.75 Td (must ) Tj ET Q q 0 0 0 rg BT 374.22 234.75 Td (be ) Tj ET Q q 0 0 0 rg BT 385.24 234.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 427.91 234.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 463.93 234.75 Td (to ) Tj ET Q q 0 0 0 rg BT 473.28 234.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.06 234.75 Td (on-site ) Tj ET Q q 0 0 0 rg BT 530.86 234.75 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 98.00 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 116.51 222.75 Td (other ) Tj ET Q q 0 0 0 rg BT 141.13 222.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 175.19 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 193.70 222.75 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 254.42 222.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 283.48 222.75 Td (by ) Tj ET Q q 0 0 0 rg BT 297.55 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 313.84 222.75 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 346.79 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 359.18 222.75 Td (Land ) Tj ET Q q 0 0 0 rg BT 383.80 222.75 Td (Management, ) Tj ET Q q 0 0 0 rg BT 442.57 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.86 222.75 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 491.80 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.20 222.75 Td (Ocean ) Tj ET Q q 0 0 0 rg BT 533.81 222.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 552.50 222.75 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (Management, ) Tj ET Q q 0 0 0 rg BT 107.43 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 210.75 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 154.99 210.75 Td (of ) Tj ET Q q 0 0 0 rg BT 166.55 210.75 Td (Safety ) Tj ET Q q 0 0 0 rg BT 195.33 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 213.00 210.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 275.66 210.75 Td (Enforcement, ) Tj ET Q q 0 0 0 rg BT 333.03 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.48 210.75 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 380.59 210.75 Td (of ) Tj ET Q q 0 0 0 rg BT 392.15 210.75 Td (Indian ) Tj ET Q q 0 0 0 rg BT 420.22 210.75 Td (Af) Tj ET Q q 0 0 0 rg BT 430.59 210.75 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 454.09 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 471.76 210.75 Td (other ) Tj ET Q q 0 0 0 rg BT 495.53 210.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 526.52 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 544.19 210.75 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (stakeholder ) Tj ET Q q 0 0 0 rg BT 98.09 198.75 Td (agencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 174.75 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 174.75 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.25 150.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 98.01 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 114.65 150.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 144.62 150.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 160.15 150.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 208.17 150.75 Td (saltwater ) Tj ET Q q 0 0 0 rg BT 246.47 150.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 281.45 150.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 327.80 150.75 Td (injection ) Tj ET Q q 0 0 0 rg BT 365.00 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 375.53 150.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 389.42 149.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.67 150.75 Td (, ) Tj ET Q q 0 0 0 rg BT 397.37 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.01 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.43 150.75 Td (processing, ) Tj ET Q q 0 0 0 rg BT 475.90 150.75 Td (handling ) Tj ET Q q 0 0 0 rg BT 513.09 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 529.73 150.75 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.68 138.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 98.18 138.75 Td (such ) Tj ET Q q 0 0 0 rg BT 118.37 138.75 Td (as ) Tj ET Q q 0 0 0 rg BT 128.55 138.75 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 184.83 138.75 Td (and ) Tj ET Q q 0 0 0 rg BT 201.12 138.75 Td (naturally ) Tj ET Q q 0 0 0 rg BT 238.51 138.75 Td (occurring ) Tj ET Q q 0 0 0 rg BT 278.68 138.75 Td (radioactive ) Tj ET Q q 0 0 0 rg BT 324.95 138.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 363.46 138.75 Td (\(NORM\) ) Tj ET Q q 0 0 0 rg BT 410.85 138.75 Td (are ) Tj ET Q q 0 0 0 rg BT 424.91 138.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 455.09 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 464.72 138.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 501.56 138.75 Td (regulation.) Tj ET Q q 0 0 0 rg BT 549.42 138.75 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 138.75 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (could ) Tj ET Q q 0 0 0 rg BT 74.26 126.75 Td (incur ) Tj ET Q q 0 0 0 rg BT 97.34 126.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 142.09 126.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 167.13 126.75 Td (including ) Tj ET Q q 0 0 0 rg BT 207.44 126.75 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 241.08 126.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.62 126.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 301.15 126.75 Td (from ) Tj ET Q q 0 0 0 rg BT 323.13 126.75 Td (a ) Tj ET Q q 0 0 0 rg BT 330.11 126.75 Td (release ) Tj ET Q q 0 0 0 rg BT 360.40 126.75 Td (of ) Tj ET Q q 0 0 0 rg BT 371.27 126.75 Td (product, ) Tj ET Q q 0 0 0 rg BT 406.85 126.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 452.16 126.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 480.80 126.75 Td (for ) Tj ET Q q 0 0 0 rg BT 495.00 126.75 Td (property ) Tj ET Q q 0 0 0 rg BT 531.41 126.75 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.10 114.75 Td (personal ) Tj ET Q q 0 0 0 rg BT 104.14 114.75 Td (injuries, ) Tj ET Q q 0 0 0 rg BT 139.80 114.75 Td (or ) Tj ET Q q 0 0 0 rg BT 151.29 114.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 189.99 114.75 Td (and ) Tj ET Q q 0 0 0 rg BT 207.59 114.75 Td (other ) Tj ET Q q 0 0 0 rg BT 231.30 114.75 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 271.68 114.75 Td (as ) Tj ET Q q 0 0 0 rg BT 283.17 114.75 Td (a ) Tj ET Q q 0 0 0 rg BT 290.77 114.75 Td (result ) Tj ET Q q 0 0 0 rg BT 316.15 114.75 Td (of ) Tj ET Q q 0 0 0 rg BT 327.64 114.75 Td (any ) Tj ET Q q 0 0 0 rg BT 345.24 114.75 Td (violations ) Tj ET Q q 0 0 0 rg BT 387.84 114.75 Td (or ) Tj ET Q q 0 0 0 rg BT 399.34 114.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 439.71 114.75 Td (under ) Tj ET Q q 0 0 0 rg BT 465.65 114.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 526.57 114.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 114.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.43 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 105.26 102.75 Td (other ) Tj ET Q q 0 0 0 rg BT 127.31 102.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 147.14 102.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.07 102.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 209.01 102.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 251.59 102.75 Td (to ) Tj ET Q q 0 0 0 rg BT 260.87 102.75 Td (our ) Tj ET Q q 0 0 0 rg BT 275.70 102.75 Td (operations.Changes ) Tj ET Q q 0 0 0 rg BT 360.79 102.75 Td (in, ) Tj ET Q q 0 0 0 rg BT 372.57 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 382.40 102.75 Td (more ) Tj ET Q q 0 0 0 rg BT 404.45 102.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 440.94 102.75 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 492.41 102.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 504.74 102.75 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.09 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 86.78 90.75 Td (other ) Tj ET Q q 0 0 0 rg BT 109.59 90.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 130.17 90.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 173.52 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 183.56 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 199.14 90.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.06 90.75 Td (could ) Tj ET Q q 0 0 0 rg BT 267.53 90.75 Td (also ) Tj ET Q q 0 0 0 rg BT 285.90 90.75 Td (result ) Tj ET Q q 0 0 0 rg BT 310.37 90.75 Td (in ) Tj ET Q q 0 0 0 rg BT 320.41 90.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 348.21 90.75 Td (or ) Tj ET Q q 0 0 0 rg BT 358.80 90.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 401.05 90.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.07 90.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 463.32 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 480.02 90.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.93 90.75 Td (expenditures.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (V) Tj ET Q q 0 0 0 rg BT 73.61 726.60 Td (arious ) Tj ET Q q 0 0 0 rg BT 100.26 726.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 132.72 726.60 Td (state ) Tj ET Q q 0 0 0 rg BT 153.26 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 169.91 726.60 Td (local ) Tj ET Q q 0 0 0 rg BT 191.55 726.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 212.09 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.74 726.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 275.38 726.60 Td (controlling ) Tj ET Q q 0 0 0 rg BT 321.47 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.90 726.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 364.59 726.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 376.24 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.78 726.60 Td (materials ) Tj ET Q q 0 0 0 rg BT 425.64 726.60 Td (into ) Tj ET Q q 0 0 0 rg BT 443.41 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.83 726.60 Td (environment, ) Tj ET Q q 0 0 0 rg BT 513.09 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 523.63 726.60 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 83.30 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.34 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.82 714.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 153.63 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.22 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.70 714.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 234.50 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 714.60 Td (human ) Tj ET Q q 0 0 0 rg BT 282.68 714.60 Td (health, ) Tj ET Q q 0 0 0 rg BT 312.87 714.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 346.68 714.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 377.15 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 393.74 714.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 407.56 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.26 714.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 441.85 714.60 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 493.16 714.60 Td (development ) Tj ET Q q 0 0 0 rg BT 548.07 714.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (production ) Tj ET Q q 0 0 0 rg BT 96.05 702.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 145.03 702.60 Td (These ) Tj ET Q q 0 0 0 rg BT 172.13 702.60 Td (include, ) Tj ET Q q 0 0 0 rg BT 207.29 702.60 Td (among ) Tj ET Q q 0 0 0 rg BT 237.74 702.60 Td (others, ) Tj ET Q q 0 0 0 rg BT 267.90 702.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 282.79 702.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 330.45 702.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 365.33 702.60 Td (by ) Tj ET Q q 0 0 0 rg BT 378.56 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.01 702.60 Td (EP) Tj ET Q q 0 0 0 rg BT 404.76 702.60 Td (A) Tj ET Q q 0 0 0 rg BT 411.43 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 414.66 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.32 702.60 Td (various ) Tj ET Q q 0 0 0 rg BT 464.99 702.60 Td (state ) Tj ET Q q 0 0 0 rg BT 486.54 702.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 524.19 702.60 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 89.21 690.60 Td (methods ) Tj ET Q q 0 0 0 rg BT 125.61 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.44 690.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 171.73 690.60 Td (for ) Tj ET Q q 0 0 0 rg BT 185.89 690.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 215.60 690.60 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 258.65 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.59 690.60 Td (nonhazardous ) Tj ET Q q 0 0 0 rg BT 333.63 690.60 Td (wastes; ) Tj ET Q q 0 0 0 rg BT 365.58 690.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 379.75 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.47 690.60 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 459.74 690.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 521.67 690.60 Td (Response, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 112.00 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 128.66 678.60 Td (Liability ) Tj ET Q q 0 0 0 rg BT 164.83 678.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 181.49 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.15 678.60 Td (analogous ) Tj ET Q q 0 0 0 rg BT 240.92 678.60 Td (state ) Tj ET Q q 0 0 0 rg BT 261.47 678.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 282.02 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 299.24 678.60 Td (regulate ) Tj ET Q q 0 0 0 rg BT 333.67 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.11 678.60 Td (removal ) Tj ET Q q 0 0 0 rg BT 383.09 678.60 Td (or ) Tj ET Q q 0 0 0 rg BT 393.65 678.60 Td (remediation ) Tj ET Q q 0 0 0 rg BT 443.63 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.18 678.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 498.62 678.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 535.85 678.60 Td (wastes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 95.49 666.60 Td (wastes ) Tj ET Q q 0 0 0 rg BT 127.04 666.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 166.92 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.14 666.60 Td (or ) Tj ET Q q 0 0 0 rg BT 193.35 666.60 Td (released ) Tj ET Q q 0 0 0 rg BT 231.00 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 245.88 666.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 270.21 666.60 Td (owners ) Tj ET Q q 0 0 0 rg BT 303.97 666.60 Td (or ) Tj ET Q q 0 0 0 rg BT 317.19 666.60 Td (operators\), ) Tj ET Q q 0 0 0 rg BT 365.11 666.60 Td (property ) Tj ET Q q 0 0 0 rg BT 403.88 666.60 Td (contamination ) Tj ET Q q 0 0 0 rg BT 465.97 666.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 511.96 666.60 Td (groundwater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (contamination\), ) Tj ET Q q 0 0 0 rg BT 114.52 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.95 654.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 167.92 654.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 205.46 654.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.10 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.87 654.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 290.84 654.60 Td (future ) Tj ET Q q 0 0 0 rg BT 316.71 654.60 Td (contamination; ) Tj ET Q q 0 0 0 rg BT 378.68 654.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 392.33 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.53 654.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 431.41 654.60 Td (Air ) Tj ET Q q 0 0 0 rg BT 446.28 654.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 462.71 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.14 654.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 527.76 654.60 Td (state ) Tj ET Q q 0 0 0 rg BT 548.08 654.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (local ) Tj ET Q q 0 0 0 rg BT 72.55 642.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 128.37 642.60 Td (already ) Tj ET Q q 0 0 0 rg BT 161.41 642.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 206.12 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.51 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 234.46 642.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 279.73 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.79 642.60 Td (new ) Tj ET Q q 0 0 0 rg BT 318.07 642.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 366.12 642.60 Td (on ) Tj ET Q q 0 0 0 rg BT 379.73 642.60 Td (air ) Tj ET Q q 0 0 0 rg BT 393.90 642.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 436.96 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 460.02 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.97 642.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 524.74 642.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 97.56 630.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 113.42 630.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 155.39 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.35 630.60 Td (those ) Tj ET Q q 0 0 0 rg BT 195.98 630.60 Td (that ) Tj ET Q q 0 0 0 rg BT 213.50 630.60 Td (could ) Tj ET Q q 0 0 0 rg BT 238.25 630.60 Td (discourage ) Tj ET Q q 0 0 0 rg BT 284.08 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.83 630.60 Td (production ) Tj ET Q q 0 0 0 rg BT 344.68 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.53 630.60 Td (fossil ) Tj ET Q q 0 0 0 rg BT 379.72 630.60 Td (fuels ) Tj ET Q q 0 0 0 rg BT 401.69 630.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 421.71 630.60 Td (when ) Tj ET Q q 0 0 0 rg BT 445.89 630.60 Td (used, ) Tj ET Q q 0 0 0 rg BT 469.25 630.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 512.32 630.60 Td (release ) Tj ET Q q 0 0 0 rg BT 542.60 630.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 556.49 629.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.74 630.60 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 63.66 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 618.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 93.66 618.60 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 132.29 618.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 149.23 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.06 618.60 Td (1990, ) Tj ET Q q 0 0 0 rg BT 185.06 618.60 Td (which ) Tj ET Q q 0 0 0 rg BT 212.00 618.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 247.83 618.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 289.77 618.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 344.48 618.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 377.52 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 387.80 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.52 618.60 Td (prevention ) Tj ET Q q 0 0 0 rg BT 447.79 618.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 461.12 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 478.06 618.60 Td (response ) Tj ET Q q 0 0 0 rg BT 515.55 618.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 528.33 618.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 541.39 618.60 Td (spills ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (into ) Tj ET Q q 0 0 0 rg BT 67.16 606.60 Td (waters ) Tj ET Q q 0 0 0 rg BT 95.37 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 105.80 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.13 606.60 Td (United ) Tj ET Q q 0 0 0 rg BT 149.45 606.60 Td (States; ) Tj ET Q q 0 0 0 rg BT 178.22 606.60 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 191.99 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.31 606.60 Td (Resource ) Tj ET Q q 0 0 0 rg BT 245.62 606.60 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 301.05 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.60 606.60 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 357.55 606.60 Td (Act, ) Tj ET Q q 0 0 0 rg BT 376.60 606.60 Td (which ) Tj ET Q q 0 0 0 rg BT 403.14 606.60 Td (is ) Tj ET Q q 0 0 0 rg BT 411.92 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 426.24 606.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.89 606.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 493.75 606.60 Td (statute ) Tj ET Q q 0 0 0 rg BT 521.96 606.60 Td (governing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 594.60 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 107.06 594.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 138.47 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.45 594.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 190.77 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.64 594.60 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 244.72 594.60 Td (wastes; ) Tj ET Q q 0 0 0 rg BT 276.70 594.60 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 290.90 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.66 594.60 Td (Endangered ) Tj ET Q q 0 0 0 rg BT 355.95 594.60 Td (Species ) Tj ET Q q 0 0 0 rg BT 388.48 594.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 405.46 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 422.44 594.60 Td (counterpart ) Tj ET Q q 0 0 0 rg BT 470.51 594.60 Td (state ) Tj ET Q q 0 0 0 rg BT 491.37 594.60 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 538.08 594.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (protects ) Tj ET Q q 0 0 0 rg BT 83.66 582.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 113.38 582.60 Td (species ) Tj ET Q q 0 0 0 rg BT 144.76 582.60 Td (\(and ) Tj ET Q q 0 0 0 rg BT 165.04 582.60 Td (their ) Tj ET Q q 0 0 0 rg BT 185.87 582.60 Td (related ) Tj ET Q q 0 0 0 rg BT 215.58 582.60 Td (habitats\), ) Tj ET Q q 0 0 0 rg BT 255.03 582.60 Td (including ) Tj ET Q q 0 0 0 rg BT 295.31 582.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.02 582.60 Td (species ) Tj ET Q q 0 0 0 rg BT 356.40 582.60 Td (that ) Tj ET Q q 0 0 0 rg BT 373.91 582.60 Td (could ) Tj ET Q q 0 0 0 rg BT 398.63 582.60 Td (be ) Tj ET Q q 0 0 0 rg BT 410.58 582.60 Td (present ) Tj ET Q q 0 0 0 rg BT 441.97 582.60 Td (on ) Tj ET Q q 0 0 0 rg BT 454.48 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 470.31 582.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 499.20 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 510.04 582.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 554.19 582.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (endangered; ) Tj ET Q q 0 0 0 rg BT 101.36 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 118.79 570.60 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 133.45 570.60 Td (state ) Tj ET Q q 0 0 0 rg BT 154.77 570.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 202.20 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.63 570.60 Td (statutes ) Tj ET Q q 0 0 0 rg BT 252.62 570.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 296.17 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.38 570.60 Td (handling, ) Tj ET Q q 0 0 0 rg BT 351.87 570.60 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 395.12 570.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 427.00 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.43 570.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 480.20 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 491.53 570.60 Td (NORM ) Tj ET Q q 0 0 0 rg BT 524.53 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 570.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (wastes.) 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 78.72 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.83 534.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 122.83 534.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 164.61 534.60 Td (Region, ) Tj ET Q q 0 0 0 rg BT 198.89 534.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 229.54 534.60 Td (agencies) Tj ET Q q 0 0 0 rg BT 266.55 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 269.45 534.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 300.66 534.60 Td (based ) Tj ET Q q 0 0 0 rg BT 326.33 534.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 349.22 534.60 Td (their ) Tj ET Q q 0 0 0 rg BT 370.44 534.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 431.09 534.60 Td (review ) Tj ET Q q 0 0 0 rg BT 461.19 534.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 524.63 534.60 Td (under ) Tj ET Q q 0 0 0 rg BT 550.30 534.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (National ) Tj ET Q q 0 0 0 rg BT 86.98 522.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 149.46 522.60 Td (Policy ) Tj ET Q q 0 0 0 rg BT 177.40 522.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 194.89 522.60 Td (can ) Tj ET Q q 0 0 0 rg BT 211.81 522.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 264.86 522.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 295.12 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.39 522.60 Td (scope ) Tj ET Q q 0 0 0 rg BT 336.21 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.69 522.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 382.86 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.24 522.60 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 447.83 522.60 Td (development ) Tj ET Q q 0 0 0 rg BT 502.53 522.60 Td (by ) Tj ET Q q 0 0 0 rg BT 515.58 522.60 Td (slowing ) 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 49.50 510.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.18 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 89.08 510.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 132.21 510.60 Td (applications ) Tj ET Q q 0 0 0 rg BT 183.10 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 197.33 510.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 229.90 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.24 510.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 259.48 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.49 510.60 Td (requests ) Tj ET Q q 0 0 0 rg BT 311.83 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 326.06 510.60 Td (rights-of-way) Tj ET Q q 0 0 0 rg BT 379.84 510.60 Td (, ) Tj ET Q q 0 0 0 rg BT 384.91 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.92 510.60 Td (delaying ) Tj ET Q q 0 0 0 rg BT 438.92 510.60 Td (lar) Tj ET Q q 0 0 0 rg BT 449.29 510.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 461.30 510.60 Td (scale ) Tj ET Q q 0 0 0 rg BT 483.86 510.60 Td (planning ) Tj ET Q q 0 0 0 rg BT 521.42 510.60 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 498.60 Td (region-level ) Tj ET Q q 0 0 0 rg BT 120.59 498.60 Td (resource ) Tj ET Q q 0 0 0 rg BT 156.96 498.60 Td (management ) Tj ET Q q 0 0 0 rg BT 210.54 498.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 234.15 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 251.09 498.60 Td (project-level ) Tj ET Q q 0 0 0 rg BT 304.12 498.60 Td (master ) Tj ET Q q 0 0 0 rg BT 333.27 498.60 Td (development ) Tj ET Q q 0 0 0 rg BT 387.42 498.60 Td (plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 123.80 474.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 160.66 474.60 Td (that ) Tj ET Q q 0 0 0 rg BT 179.76 474.60 Td (we ) Tj ET Q q 0 0 0 rg BT 195.52 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 211.82 474.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 252.01 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 263.89 474.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 310.76 474.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 360.95 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 382.83 474.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 418.59 474.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 463.78 474.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 525.64 474.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 474.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 99.62 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 117.25 462.60 Td (does ) Tj ET Q q 0 0 0 rg BT 138.77 462.60 Td (not ) Tj ET Q q 0 0 0 rg BT 154.73 462.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 194.02 462.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 236.07 462.60 Td (that ) Tj ET Q q 0 0 0 rg BT 254.26 462.60 Td (future ) Tj ET Q q 0 0 0 rg BT 281.32 462.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 330.60 462.60 Td (will ) Tj ET Q q 0 0 0 rg BT 349.34 462.60 Td (have ) Tj ET Q q 0 0 0 rg BT 371.41 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 379.04 462.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 422.76 462.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 456.49 462.60 Td (ef) Tj ET Q q 0 0 0 rg BT 464.08 462.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 482.25 462.60 Td (on ) Tj ET Q q 0 0 0 rg BT 495.44 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 462.60 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.72 450.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 123.69 450.60 Td (results ) Tj ET Q q 0 0 0 rg BT 152.05 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.62 450.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.52 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 217.09 450.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.10 450.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 264.07 450.60 Td (although ) Tj ET Q q 0 0 0 rg BT 301.31 450.60 Td (such ) Tj ET Q q 0 0 0 rg BT 321.88 450.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 342.46 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.14 450.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 408.32 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.00 450.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 473.33 450.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 515.84 450.60 Td (could ) Tj ET Q q 0 0 0 rg BT 540.30 450.60 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.11 438.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 122.05 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.78 438.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 174.06 438.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 205.89 438.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 252.44 438.60 Td (which ) Tj ET Q q 0 0 0 rg BT 279.28 438.60 Td (may) Tj ET Q q 0 0 0 rg BT 295.84 438.60 Td (, ) Tj ET Q q 0 0 0 rg BT 300.74 438.60 Td (among ) Tj ET Q q 0 0 0 rg BT 330.35 438.60 Td (other ) Tj ET Q q 0 0 0 rg BT 353.30 438.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 382.64 438.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 407.25 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 422.98 438.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 460.91 438.60 Td (production ) Tj ET Q q 0 0 0 rg BT 506.63 438.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 527.90 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.74 438.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.22 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.50 426.60 Td (be ) Tj ET Q q 0 0 0 rg BT 96.44 426.60 Td (less ) Tj ET Q q 0 0 0 rg BT 113.94 426.60 Td (than ) Tj ET Q q 0 0 0 rg BT 133.66 426.60 Td (anticipated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (Hydraulic ) Tj ET Q q 0 0 0 rg BT 95.33 402.60 Td (Fracturing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.15 378.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.15 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 122.97 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 136.95 378.60 Td (fracture ) Tj ET Q q 0 0 0 rg BT 170.35 378.60 Td (stimulated ) Tj ET Q q 0 0 0 rg BT 214.33 378.60 Td (eleven ) Tj ET Q q 0 0 0 rg BT 242.74 378.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 266.17 378.60 Td (at ) Tj ET Q q 0 0 0 rg BT 275.71 378.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 310.23 378.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 334.77 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 351.52 378.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 370.51 378.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 396.70 378.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 421.24 378.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 456.89 378.60 Td (water) Tj ET Q q 0 0 0 rg BT 478.90 378.60 Td (-based ) Tj ET Q q 0 0 0 rg BT 507.31 378.60 Td (fluids ) Tj ET Q q 0 0 0 rg BT 532.41 378.60 Td (with ) Tj ET Q q 0 0 0 rg BT 552.51 378.60 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (diesel ) Tj ET Q q 0 0 0 rg BT 75.45 366.60 Td (fuel ) Tj ET Q q 0 0 0 rg BT 93.63 366.60 Td (component. ) Tj ET Q q 0 0 0 rg BT 143.19 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.62 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 154.26 366.60 Td (e ) Tj ET Q q 0 0 0 rg BT 161.33 366.60 Td (are ) Tj ET Q q 0 0 0 rg BT 176.16 366.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 214.88 366.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 259.16 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.00 366.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 311.62 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 322.02 366.60 Td (refrac ) Tj ET Q q 0 0 0 rg BT 347.96 366.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 390.57 366.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 414.31 366.60 Td (at ) Tj ET Q q 0 0 0 rg BT 424.15 366.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 443.45 366.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 469.95 366.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 493.13 366.60 Td (during ) Tj ET Q q 0 0 0 rg BT 521.87 366.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 547.00 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.43 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 366.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.23 354.60 Td (familiar ) Tj ET Q q 0 0 0 rg BT 98.40 354.60 Td (with ) Tj ET Q q 0 0 0 rg BT 118.70 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.44 354.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 154.29 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.25 354.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 218.21 354.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 261.82 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.12 354.60 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 312.41 354.60 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 354.35 354.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 398.53 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.49 354.60 Td (take ) Tj ET Q q 0 0 0 rg BT 434.67 354.60 Td (steps ) Tj ET Q q 0 0 0 rg BT 457.19 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 467.49 354.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 496.11 354.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.72 354.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 342.60 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 83.34 666.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 110.28 666.75 Td (are ) Tj ET Q q 0 0 0 rg BT 125.55 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.83 666.75 Td (most ) Tj ET Q q 0 0 0 rg BT 163.35 666.75 Td (important ) Tj ET Q q 0 0 0 rg BT 205.29 666.75 Td (determinant ) Tj ET Q q 0 0 0 rg BT 256.12 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 267.51 666.75 Td (our ) Tj ET Q q 0 0 0 rg BT 283.90 666.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 331.95 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 349.45 666.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.50 666.75 Td (success. ) Tj ET Q q 0 0 0 rg BT 423.05 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 426.11 666.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 441.96 666.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 468.90 666.75 Td (are ) Tj ET Q q 0 0 0 rg BT 484.17 666.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 512.79 666.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 552.50 666.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 95.35 654.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 108.99 654.75 Td (supply) Tj ET Q q 0 0 0 rg BT 135.01 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 140.59 654.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 175.33 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 192.84 654.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 222.30 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 239.82 654.75 Td (have ) Tj ET Q q 0 0 0 rg BT 261.78 654.75 Td (historically ) Tj ET Q q 0 0 0 rg BT 309.85 654.75 Td (been ) Tj ET Q q 0 0 0 rg BT 331.81 654.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 363.22 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 374.08 654.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 419.37 654.75 Td (price ) Tj ET Q q 0 0 0 rg BT 442.43 654.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 477.72 654.75 Td (over ) Tj ET Q q 0 0 0 rg BT 498.57 654.75 Td (short ) Tj ET Q q 0 0 0 rg BT 521.65 654.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 554.17 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 72.31 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 74.66 642.75 Td (While ) Tj ET Q q 0 0 0 rg BT 101.63 642.75 Td (over ) Tj ET Q q 0 0 0 rg BT 121.94 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 136.69 642.75 Td (last ) Tj ET Q q 0 0 0 rg BT 153.12 642.75 Td (few ) Tj ET Q q 0 0 0 rg BT 170.64 642.75 Td (years ) Tj ET Q q 0 0 0 rg BT 194.28 642.75 Td (we ) Tj ET Q q 0 0 0 rg BT 208.47 642.75 Td (have ) Tj ET Q q 0 0 0 rg BT 229.89 642.75 Td (been ) Tj ET Q q 0 0 0 rg BT 251.30 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 261.62 642.75 Td (a ) Tj ET Q q 0 0 0 rg BT 268.59 642.75 Td (period ) Tj ET Q q 0 0 0 rg BT 296.68 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 307.54 642.75 Td (low ) Tj ET Q q 0 0 0 rg BT 325.08 642.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 338.17 642.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 367.09 642.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 380.18 642.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 406.59 642.75 Td (have ) Tj ET Q q 0 0 0 rg BT 428.01 642.75 Td (recently ) Tj ET Q q 0 0 0 rg BT 462.74 642.75 Td (increased, ) Tj ET Q q 0 0 0 rg BT 505.54 642.75 Td (with ) Tj ET Q q 0 0 0 rg BT 525.85 642.75 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.96 630.75 Td (averaging ) Tj ET Q q 0 0 0 rg BT 117.96 630.75 Td ($64 ) Tj ET Q q 0 0 0 rg BT 135.54 630.75 Td (per ) Tj ET Q q 0 0 0 rg BT 150.89 630.75 Td (barrel ) Tj ET Q q 0 0 0 rg BT 176.79 630.75 Td (during ) Tj ET Q q 0 0 0 rg BT 205.48 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 220.27 630.75 Td (month ) Tj ET Q q 0 0 0 rg BT 248.41 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 259.32 630.75 Td (January ) Tj ET Q q 0 0 0 rg BT 293.00 630.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 318.08 630.75 Td (roughly ) Tj ET Q q 0 0 0 rg BT 351.77 630.75 Td (15% ) Tj ET Q q 0 0 0 rg BT 372.68 630.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 400.81 630.75 Td (than ) Tj ET Q q 0 0 0 rg BT 420.61 630.75 Td (average ) Tj ET Q q 0 0 0 rg BT 454.08 630.75 Td (WTI ) Tj ET Q q 0 0 0 rg BT 475.54 630.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 500.33 630.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 513.47 630.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 539.92 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 630.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 76.06 618.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 106.50 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 116.95 618.75 Td (2017. ) Tj ET Q q 0 0 0 rg BT 141.57 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 143.69 618.75 Td (Despite ) Tj ET Q q 0 0 0 rg BT 176.36 618.75 Td (this ) Tj ET Q q 0 0 0 rg BT 192.93 618.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 219.48 618.75 Td (increase, ) Tj ET Q q 0 0 0 rg BT 256.85 618.75 Td (volatility ) Tj ET Q q 0 0 0 rg BT 295.08 618.75 Td (will ) Tj ET Q q 0 0 0 rg BT 312.76 618.75 Td (remain, ) Tj ET Q q 0 0 0 rg BT 345.14 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 361.70 618.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 387.70 618.75 Td (could ) Tj ET Q q 0 0 0 rg BT 412.04 618.75 Td (move ) Tj ET Q q 0 0 0 rg BT 436.38 618.75 Td (downward ) Tj ET Q q 0 0 0 rg BT 480.71 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 491.17 618.75 Td (upward ) Tj ET Q q 0 0 0 rg BT 523.28 618.75 Td (on ) Tj ET Q q 0 0 0 rg BT 535.40 618.75 Td (a ) Tj ET Q q 0 0 0 rg BT 541.96 618.75 Td (rapid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (or ) Tj ET Q q 0 0 0 rg BT 60.47 606.75 Td (repeated ) Tj ET Q q 0 0 0 rg BT 96.97 606.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 122.11 606.75 Td (which ) Tj ET Q q 0 0 0 rg BT 149.19 606.75 Td (can ) Tj ET Q q 0 0 0 rg BT 165.70 606.75 Td (make ) Tj ET Q q 0 0 0 rg BT 190.00 606.75 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 242.90 606.75 Td (valuations ) Tj ET Q q 0 0 0 rg BT 286.64 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 303.72 606.75 Td (sustained ) Tj ET Q q 0 0 0 rg BT 343.58 606.75 Td (business ) Tj ET Q q 0 0 0 rg BT 380.11 606.75 Td (strategies ) Tj ET Q q 0 0 0 rg BT 420.51 606.75 Td (more ) Tj ET Q q 0 0 0 rg BT 443.70 606.75 Td (dif) Tj ET Q q 0 0 0 rg BT 454.62 606.75 Td (ficult. ) Tj ET Q q 0 0 0 rg BT 480.87 606.75 Td ( ) Tj ET Q q 0 0 0 rg BT 483.51 606.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 501.70 606.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 522.10 606.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 543.07 606.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.66 594.75 Td (is ) Tj ET Q q 0 0 0 rg BT 102.83 594.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 130.90 594.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 174.50 594.75 Td (on ) Tj ET Q q 0 0 0 rg BT 187.00 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 201.72 594.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 228.10 594.75 Td (that ) Tj ET Q q 0 0 0 rg BT 245.60 594.75 Td (we ) Tj ET Q q 0 0 0 rg BT 259.77 594.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 291.14 594.75 Td (for ) Tj ET Q q 0 0 0 rg BT 305.30 594.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 320.86 594.75 Td (as ) Tj ET Q q 0 0 0 rg BT 331.70 594.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.76 594.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 388.92 594.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.18 594.75 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.51 594.75 Td ( ) Tj ET Q q 0 0 0 rg BT 470.02 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 480.85 594.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.69 594.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.69 594.75 Td ( ) Tj ET Q q 0 0 0 rg BT 519.19 594.75 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.53 582.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.88 582.75 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.21 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 147.80 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 158.72 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 174.64 582.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 205.00 582.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 240.35 582.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 582.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 308.83 582.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.83 582.75 Td (. ) Tj ET Q q 0 0 0 rg BT 333.92 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 336.32 582.75 Td (The ) Tj ET Q q 0 0 0 rg BT 354.46 582.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 380.93 582.75 Td (for ) Tj ET Q q 0 0 0 rg BT 395.18 582.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 408.32 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 425.35 582.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 455.71 582.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.63 582.75 Td (are ) Tj ET Q q 0 0 0 rg BT 486.42 582.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 517.34 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 527.71 582.75 Td (a ) Tj ET Q q 0 0 0 rg BT 534.74 582.75 Td (variety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 570.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 90.04 570.75 Td (that ) Tj ET Q q 0 0 0 rg BT 107.53 570.75 Td (are ) Tj ET Q q 0 0 0 rg BT 122.24 570.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 154.18 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 170.01 570.75 Td (control.) Tj ET Q q 0 0 0 rg BT 205.65 570.75 Td (These ) Tj ET Q q 0 0 0 rg BT 232.03 570.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 261.74 570.75 Td (include:) 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 (the ) Tj ET Q q 0 0 0 rg BT 100.32 546.75 Td (level ) Tj ET Q q 0 0 0 rg BT 122.37 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 133.30 546.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 178.68 546.75 Td (consumer ) Tj ET Q q 0 0 0 rg BT 220.16 546.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 254.43 546.75 Td (for ) Tj ET Q q 0 0 0 rg BT 268.69 546.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 281.86 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 298.90 546.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 329.27 546.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 345.21 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 362.26 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.08 546.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 415.79 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 432.84 546.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 464.32 546.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 493.60 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.54 546.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 517.70 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 546.75 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 534.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 101.33 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 118.27 534.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 144.09 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.92 534.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 193.53 534.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 206.58 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 223.52 534.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 239.35 534.75 Td (storage;) 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 (the ) Tj ET Q q 0 0 0 rg BT 100.54 522.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 130.00 522.75 Td (to ) Tj ET Q q 0 0 0 rg BT 140.60 522.75 Td (which ) Tj ET Q q 0 0 0 rg BT 167.85 522.75 Td (members ) Tj ET Q q 0 0 0 rg BT 207.33 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 218.48 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 233.51 522.75 Td (Or) Tj ET Q q 0 0 0 rg BT 243.88 522.75 Td (ganization ) Tj ET Q q 0 0 0 rg BT 288.35 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 299.50 522.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 343.42 522.75 Td (Exporting ) Tj ET Q q 0 0 0 rg BT 386.24 522.75 Td (Countries ) Tj ET Q q 0 0 0 rg BT 427.94 522.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 465.75 522.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.13 522.75 Td (price ) Tj ET Q q 0 0 0 rg BT 501.93 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 522.75 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 510.75 Td (controls;) 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 (the ) Tj ET Q q 0 0 0 rg BT 100.22 498.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 129.36 498.75 Td (to ) Tj ET Q q 0 0 0 rg BT 139.64 498.75 Td (which ) Tj ET Q q 0 0 0 rg BT 166.58 498.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 205.18 498.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 218.24 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.18 498.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 265.44 498.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 281.27 498.75 Td (production ) Tj ET Q q 0 0 0 rg BT 327.10 498.75 Td (af) Tj ET Q q 0 0 0 rg BT 334.68 498.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 356.06 498.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 401.33 498.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 430.50 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 441.33 498.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 466.04 498.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.09 498.75 Td (or ) Tj ET Q q 0 0 0 rg BT 489.92 498.75 Td (its ) Tj ET Q q 0 0 0 rg BT 501.87 498.75 Td (price;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 486.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 131.63 486.75 Td (political ) Tj ET Q q 0 0 0 rg BT 167.76 486.75 Td (events, ) Tj ET Q q 0 0 0 rg BT 199.17 486.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 244.20 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.00 486.75 Td (policies, ) Tj ET Q q 0 0 0 rg BT 298.97 486.75 Td (including ) Tj ET Q q 0 0 0 rg BT 340.11 486.75 Td (actions ) Tj ET Q q 0 0 0 rg BT 371.80 486.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 396.81 486.75 Td (by ) Tj ET Q q 0 0 0 rg BT 410.18 486.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 442.42 486.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 456.34 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 474.14 486.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 505.27 486.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 521.96 486.75 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.75 Td (nations; ) Tj ET Q q 0 0 0 rg BT 119.67 474.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 462.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 130.77 462.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 172.14 462.75 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.75 Td (Negative ) Tj ET Q q 0 0 0 rg BT 106.09 438.75 Td (movements ) Tj ET Q q 0 0 0 rg BT 154.70 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 164.98 438.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.03 438.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 204.41 438.75 Td (could ) Tj ET Q q 0 0 0 rg BT 229.13 438.75 Td (harm ) Tj ET Q q 0 0 0 rg BT 252.17 438.75 Td (us ) Tj ET Q q 0 0 0 rg BT 263.56 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 273.84 438.75 Td (a ) Tj ET Q q 0 0 0 rg BT 280.78 438.75 Td (number ) Tj ET Q q 0 0 0 rg BT 313.83 438.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.66 438.75 Td (ways, ) Tj ET Q q 0 0 0 rg BT 350.21 438.75 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 414.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 110.77 414.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.04 414.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 155.76 414.75 Td (from ) Tj ET Q q 0 0 0 rg BT 177.70 414.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 221.85 414.75 Td (may ) Tj ET Q q 0 0 0 rg BT 241.57 414.75 Td (require ) Tj ET Q q 0 0 0 rg BT 272.38 414.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 314.32 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 325.15 414.75 Td (further ) Tj ET Q q 0 0 0 rg BT 354.86 414.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 389.00 414.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 414.83 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 425.66 414.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 454.81 414.75 Td (expenditures;) 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 (reduced ) Tj ET Q q 0 0 0 rg BT 118.76 402.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 143.71 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.65 402.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 181.92 402.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 234.63 402.75 Td (in ) Tj ET Q q 0 0 0 rg BT 244.03 402.75 Td (turn ) Tj ET Q q 0 0 0 rg BT 261.76 402.75 Td (could ) Tj ET Q q 0 0 0 rg BT 285.59 402.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 309.98 402.75 Td (our ) Tj ET Q q 0 0 0 rg BT 324.92 402.75 Td (present ) Tj ET Q q 0 0 0 rg BT 355.42 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.47 402.75 Td (future ) Tj ET Q q 0 0 0 rg BT 396.97 402.75 Td (production ) Tj ET Q q 0 0 0 rg BT 441.91 402.75 Td (levels, ) Tj ET Q q 0 0 0 rg BT 469.35 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.41 402.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 509.80 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 402.75 Td (quantities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 390.75 Td (value ) Tj ET Q q 0 0 0 rg BT 126.59 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.42 390.75 Td (our ) Tj ET Q q 0 0 0 rg BT 153.25 390.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 166.31 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.25 390.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 199.08 390.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 236.84 390.75 Td (which ) Tj ET Q q 0 0 0 rg BT 263.78 390.75 Td (constitute ) Tj ET Q q 0 0 0 rg BT 305.16 390.75 Td (our ) Tj ET Q q 0 0 0 rg BT 320.99 390.75 Td (major ) Tj ET Q q 0 0 0 rg BT 346.81 390.75 Td (asset;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 102.02 378.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 134.08 378.75 Td (could ) Tj ET Q q 0 0 0 rg BT 159.48 378.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 189.31 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 205.83 378.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 250.68 378.75 Td (base, ) Tj ET Q q 0 0 0 rg BT 274.13 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 291.75 378.75 Td (we ) Tj ET Q q 0 0 0 rg BT 306.60 378.75 Td (may ) Tj ET Q q 0 0 0 rg BT 327.00 378.75 Td (not ) Tj ET Q q 0 0 0 rg BT 342.97 378.75 Td (be ) Tj ET Q q 0 0 0 rg BT 355.59 378.75 Td (able ) Tj ET Q q 0 0 0 rg BT 375.43 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 386.40 378.75 Td (raise ) Tj ET Q q 0 0 0 rg BT 408.46 378.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 438.30 378.75 Td (at ) Tj ET Q q 0 0 0 rg BT 448.70 378.75 Td (attractive ) Tj ET Q q 0 0 0 rg BT 489.08 378.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 511.15 378.75 Td (in ) Tj ET Q q 0 0 0 rg BT 522.11 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 537.51 378.75 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 366.75 Td (markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 354.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 354.75 Td (we ) Tj ET Q q 0 0 0 rg BT 99.66 354.75 Td (could ) Tj ET Q q 0 0 0 rg BT 124.38 354.75 Td (have ) Tj ET Q q 0 0 0 rg BT 145.75 354.75 Td (dif) Tj ET Q q 0 0 0 rg BT 156.68 354.75 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 185.29 354.75 Td (repaying ) Tj ET Q q 0 0 0 rg BT 222.77 354.75 Td (or ) Tj ET Q q 0 0 0 rg BT 233.60 354.75 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 281.63 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 297.46 354.75 Td (indebtedness;) 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 99.18 330.75 Td (could ) Tj ET Q q 0 0 0 rg BT 123.42 330.75 Td (be ) Tj ET Q q 0 0 0 rg BT 134.88 330.75 Td (required ) Tj ET Q q 0 0 0 rg BT 170.21 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 180.01 330.75 Td (impair ) Tj ET Q q 0 0 0 rg BT 208.14 330.75 Td (various ) Tj ET Q q 0 0 0 rg BT 239.59 330.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 267.45 330.75 Td (including ) Tj ET Q q 0 0 0 rg BT 307.24 330.75 Td (a ) Tj ET Q q 0 0 0 rg BT 313.70 330.75 Td (further ) Tj ET Q q 0 0 0 rg BT 342.93 330.75 Td (write-down ) Tj ET Q q 0 0 0 rg BT 391.04 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 401.40 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 416.75 330.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 429.32 330.75 Td (and ) Tj ET Q q 0 0 0 rg BT 445.78 330.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 475.57 330.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 490.92 330.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 516.27 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 526.62 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 540.86 330.75 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.33 318.75 Td (other ) Tj ET Q q 0 0 0 rg BT 119.38 318.75 Td (tangible ) Tj ET Q q 0 0 0 rg BT 154.09 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 164.92 318.75 Td (intangible ) Tj ET Q q 0 0 0 rg BT 207.41 318.75 Td (assets; ) Tj ET Q q 0 0 0 rg BT 236.02 318.75 Td (and/or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 306.75 Td (our ) Tj ET Q q 0 0 0 rg BT 101.73 306.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 139.61 306.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.28 306.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 185.39 306.75 Td (from ) Tj ET Q q 0 0 0 rg BT 207.73 306.75 Td (our ) Tj ET Q q 0 0 0 rg BT 223.95 306.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 272.40 306.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 315.28 306.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 354.26 306.75 Td (that ) Tj ET Q q 0 0 0 rg BT 372.16 306.75 Td (include ) Tj ET Q q 0 0 0 rg BT 404.48 306.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 424.05 306.75 Td (puts ) Tj ET Q q 0 0 0 rg BT 443.62 306.75 Td (could ) Tj ET Q q 0 0 0 rg BT 468.73 306.75 Td (be ) Tj ET Q q 0 0 0 rg BT 481.06 306.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 512.29 306.75 Td (to ) Tj ET Q q 0 0 0 rg BT 522.96 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 306.75 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 294.75 Td (that ) Tj ET Q q 0 0 0 rg BT 103.00 294.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.05 294.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 142.43 294.75 Td (are ) Tj ET Q q 0 0 0 rg BT 157.14 294.75 Td (below ) Tj ET Q q 0 0 0 rg BT 184.07 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.79 294.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 225.17 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 236.00 294.75 Td (those ) Tj ET Q q 0 0 0 rg BT 259.61 294.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 278.78 294.75 Td (puts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.75 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 121.82 270.75 Td (some ) Tj ET Q q 0 0 0 rg BT 144.76 270.75 Td (or ) Tj ET Q q 0 0 0 rg BT 154.92 270.75 Td (all ) Tj ET Q q 0 0 0 rg BT 166.75 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.92 270.75 Td (our ) Tj ET Q q 0 0 0 rg BT 192.08 270.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 222.79 270.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 256.27 270.75 Td (could ) Tj ET Q q 0 0 0 rg BT 280.32 270.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 309.92 270.75 Td (or ) Tj ET Q q 0 0 0 rg BT 320.09 270.75 Td (become ) Tj ET Q q 0 0 0 rg BT 353.01 270.75 Td (uneconomical. ) Tj ET Q q 0 0 0 rg BT 413.44 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 415.14 270.75 Td (W) Tj ET Q q 0 0 0 rg BT 423.77 270.75 Td (e ) Tj ET Q q 0 0 0 rg BT 430.05 270.75 Td (may ) Tj ET Q q 0 0 0 rg BT 449.10 270.75 Td (also ) Tj ET Q q 0 0 0 rg BT 467.04 270.75 Td (decide ) Tj ET Q q 0 0 0 rg BT 494.97 270.75 Td (to ) Tj ET Q q 0 0 0 rg BT 504.58 270.75 Td (suspend ) Tj ET Q q 0 0 0 rg BT 538.63 270.75 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (expansion ) Tj ET Q q 0 0 0 rg BT 92.24 258.75 Td (projects, ) Tj ET Q q 0 0 0 rg BT 128.58 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.21 258.75 Td (if ) Tj ET Q q 0 0 0 rg BT 153.50 258.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 179.57 258.75 Td (were ) Tj ET Q q 0 0 0 rg BT 201.19 258.75 Td (to ) Tj ET Q q 0 0 0 rg BT 211.16 258.75 Td (drop ) Tj ET Q q 0 0 0 rg BT 231.67 258.75 Td (below ) Tj ET Q q 0 0 0 rg BT 258.30 258.75 Td (our ) Tj ET Q q 0 0 0 rg BT 273.82 258.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 313.77 258.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.73 258.75 Td (break-even ) Tj ET Q q 0 0 0 rg BT 380.33 258.75 Td (points ) Tj ET Q q 0 0 0 rg BT 406.97 258.75 Td (for ) Tj ET Q q 0 0 0 rg BT 420.82 258.75 Td (an ) Tj ET Q q 0 0 0 rg BT 432.45 258.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 470.73 258.75 Td (period ) Tj ET Q q 0 0 0 rg BT 498.47 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.99 258.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 531.45 258.75 Td (we ) Tj ET Q q 0 0 0 rg BT 545.30 258.75 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (further ) Tj ET Q q 0 0 0 rg BT 80.17 246.75 Td (decide ) Tj ET Q q 0 0 0 rg BT 109.72 246.75 Td (to ) Tj ET Q q 0 0 0 rg BT 120.95 246.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 152.19 246.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 187.31 246.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 236.60 246.75 Td (both ) Tj ET Q q 0 0 0 rg BT 257.84 246.75 Td (of ) Tj ET Q q 0 0 0 rg BT 269.62 246.75 Td (which ) Tj ET Q q 0 0 0 rg BT 297.52 246.75 Td (could ) Tj ET Q q 0 0 0 rg BT 323.20 246.75 Td (have ) Tj ET Q q 0 0 0 rg BT 345.53 246.75 Td (a ) Tj ET Q q 0 0 0 rg BT 353.43 246.75 Td (material ) Tj ET Q q 0 0 0 rg BT 389.65 246.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 423.64 246.75 Td (ef) Tj ET Q q 0 0 0 rg BT 431.23 246.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.67 246.75 Td (on ) Tj ET Q q 0 0 0 rg BT 463.13 246.75 Td (our ) Tj ET Q q 0 0 0 rg BT 479.92 246.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 527.53 246.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 89.77 234.75 Td (and ) Tj ET Q q 0 0 0 rg BT 106.71 234.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 135.86 234.75 Td (our ) Tj ET Q q 0 0 0 rg BT 151.69 234.75 Td (production.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 210.75 Td ( ) Tj ET Q q 0 0 0 rg BT 59.70 210.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 100.46 210.75 Td (downturn ) Tj ET Q q 0 0 0 rg BT 146.22 210.75 Td (in ) Tj ET Q q 0 0 0 rg BT 158.09 210.75 Td (one ) Tj ET Q q 0 0 0 rg BT 176.62 210.75 Td (or) Tj ET Q q 0 0 0 rg BT 185.88 210.75 Td ( ) Tj ET Q q 0 0 0 rg BT 189.41 210.75 Td (mor) Tj ET Q q 0 0 0 rg BT 207.00 210.75 Td (e ) Tj ET Q q 0 0 0 rg BT 214.97 210.75 Td (of ) Tj ET Q q 0 0 0 rg BT 226.83 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.69 210.75 Td (world) Tj ET Q q 0 0 0 rg BT 271.65 210.75 Td (s ) Tj ET Q q 0 0 0 rg BT 279.07 210.75 Td (major) Tj ET Q q 0 0 0 rg BT 304.99 210.75 Td ( ) Tj ET Q q 0 0 0 rg BT 308.52 210.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 347.04 210.75 Td (could ) Tj ET Q q 0 0 0 rg BT 373.91 210.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 420.76 210.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 448.16 210.75 Td (our) Tj ET Q q 0 0 0 rg BT 462.98 210.75 Td ( ) Tj ET Q q 0 0 0 rg BT 466.51 210.75 Td (business ) Tj ET Q q 0 0 0 rg BT 505.62 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 525.27 210.75 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.75 Td (In ) Tj ET Q q 0 0 0 rg BT 78.81 174.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 114.57 174.75 Td (to ) Tj ET Q q 0 0 0 rg BT 125.33 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.53 174.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 170.72 174.75 Td (on ) Tj ET Q q 0 0 0 rg BT 183.71 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.90 174.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 233.54 174.75 Td (for ) Tj ET Q q 0 0 0 rg BT 248.18 174.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 264.22 174.75 Td (a ) Tj ET Q q 0 0 0 rg BT 271.64 174.75 Td (sustained ) Tj ET Q q 0 0 0 rg BT 311.84 174.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 337.59 174.75 Td (crisis, ) Tj ET Q q 0 0 0 rg BT 364.18 174.75 Td (further ) Tj ET Q q 0 0 0 rg BT 394.37 174.75 Td (drops ) Tj ET Q q 0 0 0 rg BT 419.57 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 430.33 174.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 472.19 174.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 503.50 174.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 525.36 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 536.12 174.75 Td (China, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 86.12 162.75 Td (or ) Tj ET Q q 0 0 0 rg BT 98.30 162.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 144.92 162.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 185.42 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 197.06 162.75 Td (tarif) Tj ET Q q 0 0 0 rg BT 213.53 162.75 Td (fs ) Tj ET Q q 0 0 0 rg BT 224.61 162.75 Td (or ) Tj ET Q q 0 0 0 rg BT 236.79 162.75 Td (other ) Tj ET Q q 0 0 0 rg BT 261.19 162.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 285.03 162.75 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 335.82 162.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 381.88 162.75 Td (international ) Tj ET Q q 0 0 0 rg BT 436.28 162.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 475.10 162.75 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 528.67 162.75 Td (a ) Tj ET Q q 0 0 0 rg BT 536.96 162.75 Td (severe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.38 150.75 Td (contraction ) Tj ET Q q 0 0 0 rg BT 137.37 150.75 Td (either ) Tj ET Q q 0 0 0 rg BT 162.15 150.75 Td (regionally ) Tj ET Q q 0 0 0 rg BT 204.70 150.75 Td (or ) Tj ET Q q 0 0 0 rg BT 215.04 150.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 259.82 150.75 Td (or ) Tj ET Q q 0 0 0 rg BT 270.16 150.75 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 301.62 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 311.41 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.63 150.75 Td (global ) Tj ET Q q 0 0 0 rg BT 352.64 150.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 389.63 150.75 Td (system, ) Tj ET Q q 0 0 0 rg BT 421.92 150.75 Td (could ) Tj ET Q q 0 0 0 rg BT 446.15 150.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 488.69 150.75 Td (af) Tj ET Q q 0 0 0 rg BT 496.28 150.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 513.28 150.75 Td (our ) Tj ET Q q 0 0 0 rg BT 528.62 150.75 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.66 138.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 104.36 138.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 147.35 138.75 Td (or ) Tj ET Q q 0 0 0 rg BT 158.40 138.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 188.33 138.75 Td (our ) Tj ET Q q 0 0 0 rg BT 204.38 138.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 232.65 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 243.14 138.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 275.29 138.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 324.66 138.75 Td (Negative ) Tj ET Q q 0 0 0 rg BT 363.47 138.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 388.96 138.75 Td (market ) Tj ET Q q 0 0 0 rg BT 419.44 138.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 463.82 138.75 Td (could ) Tj ET Q q 0 0 0 rg BT 488.76 138.75 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 517.59 138.75 Td (our ) Tj ET Q q 0 0 0 rg BT 533.64 138.75 Td (lenders ) 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 71.81 126.75 Td (funding ) Tj ET Q q 0 0 0 rg BT 105.79 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 121.99 126.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 144.30 126.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 169.93 126.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 201.13 126.75 Td (or ) Tj ET Q q 0 0 0 rg BT 212.33 126.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 237.41 126.75 Td (them ) Tj ET Q q 0 0 0 rg BT 260.27 126.75 Td (to ) Tj ET Q q 0 0 0 rg BT 270.92 126.75 Td (restrict ) Tj ET Q q 0 0 0 rg BT 301.56 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 317.76 126.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 362.29 126.75 Td (base ) Tj ET Q q 0 0 0 rg BT 382.93 126.75 Td (or ) Tj ET Q q 0 0 0 rg BT 394.13 126.75 Td (make ) Tj ET Q q 0 0 0 rg BT 418.66 126.75 Td (the ) Tj ET Q q 0 0 0 rg BT 433.74 126.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 458.83 126.75 Td (of ) Tj ET Q q 0 0 0 rg BT 470.03 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 486.23 126.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 508.54 126.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.18 126.75 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (more ) Tj ET Q q 0 0 0 rg BT 74.33 114.75 Td (costly ) Tj ET Q q 0 0 0 rg BT 102.49 114.75 Td (and ) Tj ET Q q 0 0 0 rg BT 121.21 114.75 Td (more ) Tj ET Q q 0 0 0 rg BT 146.04 114.75 Td (restrictive.Negative ) Tj ET Q q 0 0 0 rg BT 233.89 114.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 277.04 114.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 322.99 114.75 Td (could ) Tj ET Q q 0 0 0 rg BT 349.48 114.75 Td (also ) Tj ET Q q 0 0 0 rg BT 369.87 114.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 412.46 114.75 Td (af) Tj ET Q q 0 0 0 rg BT 420.05 114.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 439.32 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 455.81 114.75 Td (collectability ) Tj ET Q q 0 0 0 rg BT 512.29 114.75 Td (of ) Tj ET Q q 0 0 0 rg BT 524.90 114.75 Td (our ) Tj ET Q q 0 0 0 rg BT 542.51 114.75 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (receivables ) Tj ET Q q 0 0 0 rg BT 96.73 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 107.32 102.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 160.10 102.75 Td (by ) Tj ET Q q 0 0 0 rg BT 172.36 102.75 Td (our ) Tj ET Q q 0 0 0 rg BT 187.94 102.75 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 226.31 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 236.90 102.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 261.37 102.75 Td (our ) Tj ET Q q 0 0 0 rg BT 276.95 102.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 324.76 102.75 Td (hedging ) Tj ET Q q 0 0 0 rg BT 359.24 102.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 415.36 102.75 Td (to ) Tj ET Q q 0 0 0 rg BT 425.40 102.75 Td (be ) Tj ET Q q 0 0 0 rg BT 437.09 102.75 Td (inef) Tj ET Q q 0 0 0 rg BT 452.46 102.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 481.92 102.75 Td (if ) Tj ET Q q 0 0 0 rg BT 490.29 102.75 Td (our ) Tj ET Q q 0 0 0 rg BT 505.87 102.75 Td (counterparties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.75 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 90.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 93.36 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 103.64 90.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 138.35 90.75 Td (their ) Tj ET Q q 0 0 0 rg BT 159.17 90.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 206.12 90.75 Td (or ) Tj ET Q q 0 0 0 rg BT 216.95 90.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 258.32 90.75 Td (seek ) Tj ET Q q 0 0 0 rg BT 278.59 90.75 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 326.08 90.75 Td (protection.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Constraints ) Tj ET Q q 0 0 0 rg BT 102.00 726.75 Td (on ) Tj ET Q q 0 0 0 rg BT 115.07 726.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 153.69 726.75 Td (could ) Tj ET Q q 0 0 0 rg BT 179.53 726.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 205.90 726.75 Td (our) Tj ET Q q 0 0 0 rg BT 220.72 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 223.22 726.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 252.95 726.75 Td (to ) Tj ET Q q 0 0 0 rg BT 263.78 726.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 304.62 726.75 Td (or) Tj ET Q q 0 0 0 rg BT 313.88 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 316.38 726.75 Td (incr) Tj ET Q q 0 0 0 rg BT 333.41 726.75 Td (ease ) Tj ET Q q 0 0 0 rg BT 353.68 726.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 375.07 726.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 395.90 726.75 Td (fr) Tj ET Q q 0 0 0 rg BT 403.49 726.75 Td (om ) Tj ET Q q 0 0 0 rg BT 419.32 726.75 Td (operations.) 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522.36 702.75 Td (due ) Tj ET Q q 0 0 0 rg BT 539.66 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 702.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (tightening ) Tj ET Q q 0 0 0 rg BT 93.23 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 104.73 690.75 Td (commercial ) Tj ET Q q 0 0 0 rg BT 155.11 690.75 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 189.66 690.75 Td ( ) Tj ET Q q 0 0 0 rg BT 192.14 690.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 233.09 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 249.60 690.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 286.67 690.75 Td (has ) Tj ET Q q 0 0 0 rg BT 303.17 690.75 Td (been ) Tj ET Q q 0 0 0 rg BT 325.22 690.75 Td (suf) Tj ET Q q 0 0 0 rg BT 337.27 690.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 365.98 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 376.94 690.75 Td (support ) Tj ET Q q 0 0 0 rg BT 410.11 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 426.62 690.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 456.45 690.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 510.72 690.75 Td 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.75 Td (As ) Tj ET Q q 0 0 0 rg BT 80.95 522.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.62 522.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.04 522.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.04 522.75 Td (, ) Tj ET Q q 0 0 0 rg BT 174.88 522.75 Td (our ) Tj ET Q q 0 0 0 rg BT 190.55 522.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 239.56 522.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 293.55 522.75 Td (consisted ) Tj ET Q q 0 0 0 rg BT 333.11 522.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.77 522.75 Td ($475.0 ) Tj ET Q q 0 0 0 rg BT 373.61 522.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.50 522.75 Td ( ) Tj ET Q q 0 0 0 rg BT 404.84 522.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 442.72 522.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 475.06 522.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 524.06 522.75 Td (under ) Tj ET Q q 0 0 0 rg BT 549.17 522.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 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474.75 Td (\(the ) Tj ET Q q 0 0 0 rg BT 90.46 474.75 Td (2022 ) Tj ET Q q 0 0 0 rg BT 117.61 474.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 146.42 474.75 Td (Secured ) Tj ET Q q 0 0 0 rg BT 181.34 474.75 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 217.64 474.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.79 474.75 Td ($84.7 ) Tj ET Q q 0 0 0 rg BT 260.00 474.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.89 474.75 Td ( ) Tj ET Q q 0 0 0 rg BT 291.60 474.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 329.85 474.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 362.55 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 373.59 474.75 Td (3% ) Tj ET Q q 0 0 0 rg BT 397.12 474.75 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 447.04 474.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 475.86 474.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 501.90 474.75 Td (due ) Tj ET Q q 0 0 0 rg BT 519.04 474.75 Td (2024. ) Tj ET Q q 0 0 0 rg BT 544.25 474.75 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 474.75 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 104.61 462.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 159.73 462.75 Td (consisted ) Tj ET Q q 0 0 0 rg BT 200.40 462.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.19 462.75 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 233.15 462.75 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.26 462.75 Td ( ) Tj ET Q q 0 0 0 rg BT 262.72 462.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 301.72 462.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 335.18 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 346.96 462.75 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 402.08 462.75 Td (notes, ) Tj ET Q q 0 0 0 rg BT 429.15 462.75 Td (all ) Tj ET Q q 0 0 0 rg BT 442.60 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 454.39 462.75 Td (which ) Tj ET Q q 0 0 0 rg BT 482.28 462.75 Td (have ) Tj ET Q q 0 0 0 rg BT 504.62 462.75 Td (maturity ) Tj ET Q q 0 0 0 rg BT 541.96 462.75 Td (dates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (between ) Tj ET Q q 0 0 0 rg BT 85.31 450.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 107.80 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 124.73 450.75 Td (2023 ) Tj ET Q q 0 0 0 rg BT 147.22 450.75 Td (at ) Tj ET Q q 0 0 0 rg BT 156.93 450.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.86 450.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 210.23 450.75 Td (ranging ) Tj ET Q q 0 0 0 rg BT 243.27 450.75 Td (from ) Tj ET Q q 0 0 0 rg BT 265.20 450.75 Td (4.625% ) Tj ET Q q 0 0 0 rg BT 298.52 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.79 450.75 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 342.12 450.75 Td (per ) Tj ET Q q 0 0 0 rg BT 357.38 450.75 Td (annum ) Tj ET Q q 0 0 0 rg BT 387.09 450.75 Td (at ) Tj ET Q q 0 0 0 rg BT 396.80 450.75 Td (a ) Tj ET Q q 0 0 0 rg BT 403.73 450.75 Td (weighted ) Tj ET Q q 0 0 0 rg BT 442.88 450.75 Td (average ) Tj ET Q q 0 0 0 rg BT 476.45 450.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 508.38 450.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 525.86 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 536.68 450.75 Td (5.36% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (per ) Tj ET Q q 0 0 0 rg BT 64.77 438.75 Td (annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.75 Td (In ) Tj ET Q q 0 0 0 rg BT 78.25 414.75 Td (January ) Tj ET Q q 0 0 0 rg BT 111.76 414.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 136.68 414.75 Td (we ) Tj ET Q q 0 0 0 rg BT 150.76 414.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 178.17 414.75 Td (an ) Tj ET Q q 0 0 0 rg BT 190.03 414.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 232.44 414.75 Td ($74.1 ) Tj ET Q q 0 0 0 rg BT 257.35 414.75 Td (million ) Tj ET Q q 0 0 0 rg BT 288.66 414.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 326.62 414.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 359.03 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 369.78 414.75 Td (2022 ) Tj ET Q q 0 0 0 rg BT 392.20 414.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 420.72 414.75 Td (Secured ) Tj ET Q q 0 0 0 rg BT 455.35 414.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 481.09 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 497.95 414.75 Td ($59.4 ) Tj ET Q q 0 0 0 rg BT 522.87 414.75 Td (million ) Tj ET Q q 0 0 0 rg BT 554.17 414.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (5% ) Tj ET Q q 0 0 0 rg BT 64.36 402.75 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 113.11 402.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 140.75 402.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 165.62 402.75 Td (due ) Tj ET Q q 0 0 0 rg BT 181.59 402.75 Td (2023 ) Tj ET Q q 0 0 0 rg BT 203.13 402.75 Td (in ) Tj ET Q q 0 0 0 rg BT 212.44 402.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 251.73 402.75 Td (for ) Tj ET Q q 0 0 0 rg BT 264.92 402.75 Td (a ) Tj ET Q q 0 0 0 rg BT 270.90 402.75 Td (reduction ) Tj ET Q q 0 0 0 rg BT 310.19 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 320.06 402.75 Td ($174.3 ) Tj ET Q q 0 0 0 rg BT 349.09 402.75 Td (million ) Tj ET Q q 0 0 0 rg BT 379.52 402.75 Td (in ) Tj ET Q q 0 0 0 rg BT 388.83 402.75 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 442.02 402.75 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 497.71 402.75 Td ( ) Tj ET Q q 0 0 0 rg BT 498.91 402.75 Td (As ) Tj ET Q q 0 0 0 rg BT 511.56 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 521.42 402.75 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 63.84 390.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 88.18 390.75 Td (we ) Tj ET Q q 0 0 0 rg BT 101.68 390.75 Td (had ) Tj ET Q q 0 0 0 rg BT 117.95 390.75 Td (a ) Tj ET Q q 0 0 0 rg BT 124.23 390.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 167.73 390.75 Td (base ) Tj ET Q q 0 0 0 rg BT 187.33 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 203.61 390.75 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 244.31 390.75 Td (lender ) Tj ET Q q 0 0 0 rg BT 271.14 390.75 Td (commitments ) Tj ET Q q 0 0 0 rg BT 327.41 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.58 390.75 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 361.92 390.75 Td (billion ) Tj ET Q q 0 0 0 rg BT 389.87 390.75 Td (under ) Tj ET Q q 0 0 0 rg BT 414.48 390.75 Td (our ) Tj ET Q q 0 0 0 rg BT 429.65 390.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 455.92 390.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 488.30 390.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 509.58 390.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.18 390.75 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 378.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 113.92 378.75 Td (with ) Tj ET Q q 0 0 0 rg BT 134.20 378.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 165.02 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 175.30 378.75 Td (such ) Tj ET Q q 0 0 0 rg BT 196.13 378.75 Td (commitments ) Tj ET Q q 0 0 0 rg BT 253.06 378.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.89 378.75 Td ($512.8 ) Tj ET Q q 0 0 0 rg BT 293.89 378.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.79 378.75 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 354.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.96 354.75 Td (PV) Tj ET Q q 0 0 0 rg BT 97.83 354.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 113.86 354.75 Td (V) Tj ET Q q 0 0 0 rg BT 119.98 354.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 139.55 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 150.79 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 167.04 354.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 208.27 354.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 238.95 354.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 274.63 354.75 Td (at ) Tj ET Q q 0 0 0 rg BT 284.76 354.75 Td (year) Tj ET Q q 0 0 0 rg BT 301.77 354.75 Td (-end ) Tj ET Q q 0 0 0 rg BT 322.45 354.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 347.87 354.75 Td (which ) Tj ET Q q 0 0 0 rg BT 375.22 354.75 Td (is ) Tj ET Q q 0 0 0 rg BT 384.80 354.75 Td (based ) Tj ET Q q 0 0 0 rg BT 410.49 354.75 Td (on ) Tj ET Q q 0 0 0 rg BT 423.40 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 438.53 354.75 Td (average ) Tj ET Q q 0 0 0 rg BT 472.53 354.75 Td (first-day-of-the-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.94 342.75 Td (in ) Tj ET Q q 0 0 0 rg BT 86.28 342.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 111.34 342.75 Td (was ) Tj ET Q q 0 0 0 rg BT 129.45 342.75 Td (less ) Tj ET Q q 0 0 0 rg BT 147.01 342.75 Td (than ) Tj ET Q q 0 0 0 rg BT 166.79 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 182.68 342.75 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 231.91 342.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 286.12 342.75 Td (as ) Tj ET Q q 0 0 0 rg BT 297.01 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 307.91 342.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 366.55 342.75 Td (2017. ) Tj ET Q q 0 0 0 rg BT 391.61 342.75 Td ( ) Tj ET Q q 0 0 0 rg BT 394.17 342.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 412.29 342.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 457.62 342.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 477.40 342.75 Td (could ) Tj ET Q q 0 0 0 rg BT 502.18 342.75 Td (have ) Tj ET Q q 0 0 0 rg BT 523.61 342.75 Td (important ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (consequences ) Tj ET Q q 0 0 0 rg BT 106.98 330.75 Td (for ) Tj ET Q q 0 0 0 rg BT 121.14 330.75 Td (us, ) Tj ET Q q 0 0 0 rg BT 135.03 330.75 Td (including ) Tj ET Q q 0 0 0 rg BT 175.30 330.75 Td (but ) Tj ET Q q 0 0 0 rg BT 190.58 330.75 Td (not ) Tj ET Q q 0 0 0 rg BT 205.86 330.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 236.69 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 246.97 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 261.68 330.75 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 306.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 129.09 306.75 Td (our ) Tj ET Q q 0 0 0 rg BT 144.92 306.75 Td (vulnerability ) Tj ET Q q 0 0 0 rg BT 198.52 306.75 Td (to ) Tj ET Q q 0 0 0 rg BT 208.80 306.75 Td (general ) Tj ET Q q 0 0 0 rg BT 240.72 306.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 273.76 306.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 315.13 306.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.07 306.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 367.35 306.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 414.02 306.75 Td (including ) Tj ET Q q 0 0 0 rg BT 454.29 306.75 Td (falling ) Tj ET Q q 0 0 0 rg BT 482.89 306.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 507.60 306.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 520.66 306.75 Td (prices;) 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 (impairing ) Tj ET Q q 0 0 0 rg BT 126.87 294.75 Td (our ) Tj ET Q q 0 0 0 rg BT 142.70 294.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 170.74 294.75 Td (to ) Tj ET Q q 0 0 0 rg BT 181.01 294.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 208.50 294.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 250.98 294.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 291.24 294.75 Td (for ) Tj ET Q q 0 0 0 rg BT 305.39 294.75 Td (working ) Tj ET Q q 0 0 0 rg BT 341.22 294.75 Td (capital, ) Tj ET Q q 0 0 0 rg BT 372.86 294.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 402.00 294.75 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 458.09 294.75 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 510.85 294.75 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 282.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 124.10 282.75 Td (or ) Tj ET Q q 0 0 0 rg BT 134.93 282.75 Td (general ) Tj ET Q q 0 0 0 rg BT 166.85 282.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 207.11 282.75 Td (and ) Tj ET Q q 0 0 0 rg BT 224.04 282.75 Td (other ) Tj ET Q q 0 0 0 rg BT 247.09 282.75 Td (purposes;) 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 (potentially ) Tj ET Q q 0 0 0 rg BT 130.77 270.75 Td (restricting ) Tj ET Q q 0 0 0 rg BT 173.81 270.75 Td (us ) Tj ET Q q 0 0 0 rg BT 185.20 270.75 Td (from ) Tj ET Q q 0 0 0 rg BT 207.14 270.75 Td (making ) Tj ET Q q 0 0 0 rg BT 239.64 270.75 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 289.91 270.75 Td (or ) Tj ET Q q 0 0 0 rg BT 300.74 270.75 Td (exploiting ) Tj ET Q q 0 0 0 rg BT 343.79 270.75 Td (business ) Tj ET Q q 0 0 0 rg BT 380.18 270.75 Td (opportunities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 258.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 258.75 Td (requiring ) Tj ET Q q 0 0 0 rg BT 124.19 258.75 Td (dedication ) Tj ET Q q 0 0 0 rg BT 167.87 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 178.23 258.75 Td (a ) Tj ET Q q 0 0 0 rg BT 184.70 258.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 229.50 258.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 260.42 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 270.78 258.75 Td (our ) Tj ET Q q 0 0 0 rg BT 286.14 258.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.94 258.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.20 258.75 Td (from ) Tj ET Q q 0 0 0 rg BT 351.67 258.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.35 258.75 Td (to ) Tj ET Q q 0 0 0 rg BT 405.16 258.75 Td (servicing ) Tj ET Q q 0 0 0 rg BT 443.85 258.75 Td (our ) Tj ET Q q 0 0 0 rg BT 459.21 258.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 512.90 258.75 Td (\(so ) Tj ET Q q 0 0 0 rg BT 527.15 258.75 Td (that ) Tj ET Q q 0 0 0 rg BT 544.18 258.75 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 246.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 105.77 246.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 130.49 246.75 Td (would ) Tj ET Q q 0 0 0 rg BT 157.99 246.75 Td (not ) Tj ET Q q 0 0 0 rg BT 173.27 246.75 Td (be ) Tj ET Q q 0 0 0 rg BT 185.21 246.75 Td (available ) Tj ET Q q 0 0 0 rg BT 223.80 246.75 Td (for ) Tj ET Q q 0 0 0 rg BT 237.96 246.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 267.11 246.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 320.70 246.75 Td (or ) Tj ET Q q 0 0 0 rg BT 331.53 246.75 Td (other ) Tj ET Q q 0 0 0 rg BT 354.58 246.75 Td (purposes\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 234.75 Td (limiting ) Tj ET Q q 0 0 0 rg BT 119.67 234.75 Td (our ) Tj ET Q q 0 0 0 rg BT 135.50 234.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 163.55 234.75 Td (to ) Tj ET Q q 0 0 0 rg BT 173.83 234.75 Td (borrow ) Tj ET Q q 0 0 0 rg BT 205.21 234.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 247.70 234.75 Td (funds, ) Tj ET Q q 0 0 0 rg BT 274.92 234.75 Td (dispose ) Tj ET Q q 0 0 0 rg BT 307.42 234.75 Td (of ) Tj ET Q q 0 0 0 rg BT 318.25 234.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 344.08 234.75 Td (and ) Tj ET Q q 0 0 0 rg BT 361.02 234.75 Td (make ) Tj ET Q q 0 0 0 rg BT 385.18 234.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 414.88 234.75 Td (investments; ) Tj ET Q q 0 0 0 rg BT 467.93 234.75 Td (and/or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 222.75 Td (placing ) Tj ET Q q 0 0 0 rg BT 117.43 222.75 Td (us ) Tj ET Q q 0 0 0 rg BT 128.83 222.75 Td (at ) Tj ET Q q 0 0 0 rg BT 138.54 222.75 Td (a ) Tj ET Q q 0 0 0 rg BT 145.48 222.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 195.19 222.75 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 249.89 222.75 Td (as ) Tj ET Q q 0 0 0 rg BT 260.72 222.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 302.64 222.75 Td (to ) Tj ET Q q 0 0 0 rg BT 312.92 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 328.75 222.75 Td (competitors ) Tj ET Q q 0 0 0 rg BT 378.46 222.75 Td (that ) Tj ET Q q 0 0 0 rg BT 395.96 222.75 Td (have ) Tj ET Q q 0 0 0 rg BT 417.34 222.75 Td (less ) Tj ET Q q 0 0 0 rg BT 434.84 222.75 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (Inability ) Tj ET Q q 0 0 0 rg BT 88.68 198.75 Td (to ) Tj ET Q q 0 0 0 rg BT 99.51 198.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 122.55 198.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 162.27 198.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 219.75 198.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 264.47 198.75 Td (in ) Tj ET Q q 0 0 0 rg BT 275.31 198.75 Td (our) Tj ET Q q 0 0 0 rg BT 290.13 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 292.63 198.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 316.81 198.75 Td (agr) Tj ET Q q 0 0 0 rg BT 331.07 198.75 Td (eements ) Tj ET Q q 0 0 0 rg BT 368.00 198.75 Td (may ) Tj ET Q q 0 0 0 rg BT 388.83 198.75 Td (r) Tj ET Q q 0 0 0 rg BT 393.09 198.75 Td (equir) Tj ET Q q 0 0 0 rg BT 415.69 198.75 Td (e ) Tj ET Q q 0 0 0 rg BT 422.63 198.75 Td (borr) Tj ET Q q 0 0 0 rg BT 441.88 198.75 Td (owing ) Tj ET Q q 0 0 0 rg BT 469.94 198.75 Td (base ) Tj ET Q q 0 0 0 rg BT 491.34 198.75 Td (r) Tj ET Q q 0 0 0 rg BT 495.59 198.75 Td (eductions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.75 Td (Between ) Tj ET Q q 0 0 0 rg BT 104.36 174.75 Td (May ) Tj ET Q q 0 0 0 rg BT 124.57 174.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 146.45 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 162.76 174.75 Td (May ) Tj ET Q q 0 0 0 rg BT 182.97 174.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 207.35 174.75 Td (we ) Tj ET Q q 0 0 0 rg BT 220.89 174.75 Td (modified ) Tj ET Q q 0 0 0 rg BT 258.87 174.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 287.95 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 298.15 174.75 Td (our ) Tj ET Q q 0 0 0 rg BT 313.36 174.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.22 174.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 402.62 174.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 444.48 174.75 Td (under ) Tj ET Q q 0 0 0 rg BT 469.13 174.75 Td (our ) Tj ET Q q 0 0 0 rg BT 484.34 174.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 510.65 174.75 Td (secured ) Tj ET Q q 0 0 0 rg BT 543.07 174.75 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.75 162.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 105.56 162.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 149.14 162.75 Td (through ) Tj ET Q q 0 0 0 rg BT 182.74 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.45 162.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 240.48 162.75 Td (term ) Tj ET Q q 0 0 0 rg BT 261.30 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.12 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 286.82 162.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 317.63 162.75 Td (to ) Tj ET Q q 0 0 0 rg BT 327.90 162.75 Td (support ) Tj ET Q q 0 0 0 rg BT 360.39 162.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 405.66 162.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 454.24 162.75 Td (with ) Tj ET Q q 0 0 0 rg BT 474.50 162.75 Td (these ) Tj ET Q q 0 0 0 rg BT 497.54 162.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 540.02 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 162.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (current ) Tj ET Q q 0 0 0 rg BT 79.90 150.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.54 150.75 Td (price ) Tj ET Q q 0 0 0 rg BT 114.61 150.75 Td (environment. ) Tj ET Q q 0 0 0 rg BT 169.74 150.75 Td ( ) Tj ET Q q 0 0 0 rg BT 171.82 150.75 Td (If ) Tj ET Q q 0 0 0 rg BT 180.57 150.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 193.21 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.73 150.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 239.58 150.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 255.00 150.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 280.96 150.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 317.46 150.75 Td (for ) Tj ET Q q 0 0 0 rg BT 331.20 150.75 Td (an ) Tj ET Q q 0 0 0 rg BT 342.73 150.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 380.91 150.75 Td (period ) Tj ET Q q 0 0 0 rg BT 408.54 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 418.95 150.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 441.31 150.75 Td (these ) Tj ET Q q 0 0 0 rg BT 463.94 150.75 Td (metrics ) Tj ET Q q 0 0 0 rg BT 495.46 150.75 Td (could ) Tj ET Q q 0 0 0 rg BT 519.76 150.75 Td (deteriorate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (further) Tj ET Q q 0 0 0 rg BT 76.31 138.75 Td (, ) Tj ET Q q 0 0 0 rg BT 81.00 138.75 Td (potentially ) Tj ET Q q 0 0 0 rg BT 125.96 138.75 Td (causing ) Tj ET Q q 0 0 0 rg BT 158.71 138.75 Td (us ) Tj ET Q q 0 0 0 rg BT 169.79 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 179.77 138.75 Td (not ) Tj ET Q q 0 0 0 rg BT 194.74 138.75 Td (be ) Tj ET Q q 0 0 0 rg BT 206.37 138.75 Td (in ) Tj ET Q q 0 0 0 rg BT 216.35 138.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 264.63 138.75 Td (with ) Tj ET Q q 0 0 0 rg BT 284.60 138.75 Td (our ) Tj ET Q q 0 0 0 rg BT 300.13 138.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 321.76 138.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 346.72 138.75 Td (facility) Tj ET Q q 0 0 0 rg BT 377.82 138.75 Td (s ) Tj ET Q q 0 0 0 rg BT 383.90 138.75 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 428.58 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 430.78 138.75 Td (In ) Tj ET Q q 0 0 0 rg BT 441.30 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 455.72 138.75 Td (future, ) Tj ET Q q 0 0 0 rg BT 484.29 138.75 Td (we ) Tj ET Q q 0 0 0 rg BT 498.14 138.75 Td (may ) Tj ET Q q 0 0 0 rg BT 517.55 138.75 Td (be ) Tj ET Q q 0 0 0 rg BT 529.19 138.75 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.15 126.75 Td (seek ) Tj ET Q q 0 0 0 rg BT 78.79 126.75 Td (further ) Tj ET Q q 0 0 0 rg BT 107.87 126.75 Td (modifications ) Tj ET Q q 0 0 0 rg BT 164.73 126.75 Td (of ) Tj ET Q q 0 0 0 rg BT 174.93 126.75 Td (these ) Tj ET Q q 0 0 0 rg BT 197.35 126.75 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 241.71 126.75 Td (or ) Tj ET Q q 0 0 0 rg BT 251.91 126.75 Td (to ) Tj ET Q q 0 0 0 rg BT 261.56 126.75 Td (further ) Tj ET Q q 0 0 0 rg BT 290.64 126.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 319.15 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 334.36 126.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 353.44 126.75 Td (by) Tj ET Q q 0 0 0 rg BT 362.80 126.75 Td (, ) Tj ET Q q 0 0 0 rg BT 367.17 126.75 Td (among ) Tj ET Q q 0 0 0 rg BT 396.26 126.75 Td (other ) Tj ET Q q 0 0 0 rg BT 418.67 126.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 447.49 126.75 Td (reducing ) Tj ET Q q 0 0 0 rg BT 484.35 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 499.55 126.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 520.86 126.75 Td (borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (base, ) Tj ET Q q 0 0 0 rg BT 72.10 114.75 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 118.31 114.75 Td (our ) Tj ET Q q 0 0 0 rg BT 133.97 114.75 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 187.95 114.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 207.50 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 217.61 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 232.16 114.75 Td (open ) Tj ET Q q 0 0 0 rg BT 253.93 114.75 Td (market, ) Tj ET Q q 0 0 0 rg BT 286.52 114.75 Td (completing ) Tj ET Q q 0 0 0 rg BT 333.84 114.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 353.94 114.75 Td (tenders ) Tj ET Q q 0 0 0 rg BT 385.15 114.75 Td (for ) Tj ET Q q 0 0 0 rg BT 399.14 114.75 Td (our ) Tj ET Q q 0 0 0 rg BT 414.80 114.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 434.35 114.75 Td (or ) Tj ET Q q 0 0 0 rg BT 445.01 114.75 Td (public ) Tj ET Q q 0 0 0 rg BT 472.33 114.75 Td (or ) Tj ET Q q 0 0 0 rg BT 482.99 114.75 Td (privately ) Tj ET Q q 0 0 0 rg BT 520.87 114.75 Td (negotiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.70 102.75 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 116.83 102.75 Td (issuing ) Tj ET Q q 0 0 0 rg BT 148.15 102.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 176.13 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 187.44 102.75 Td (completing ) Tj ET Q q 0 0 0 rg BT 235.41 102.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 257.83 102.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 280.25 102.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.67 102.75 Td (other ) Tj ET Q q 0 0 0 rg BT 321.20 102.75 Td (cash-generating ) Tj ET Q q 0 0 0 rg BT 387.49 102.75 Td (activities. ) Tj ET Q q 0 0 0 rg BT 429.07 102.75 Td ( ) Tj ET Q q 0 0 0 rg BT 431.83 102.75 Td (W) Tj ET Q q 0 0 0 rg BT 440.47 102.75 Td (e ) Tj ET Q q 0 0 0 rg BT 447.89 102.75 Td (cannot ) Tj ET Q q 0 0 0 rg BT 477.53 102.75 Td (assure ) Tj ET Q q 0 0 0 rg BT 505.50 102.75 Td (you, ) Tj ET Q q 0 0 0 rg BT 525.99 102.75 Td (however) Tj ET Q q 0 0 0 rg BT 560.01 102.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.75 Td (that ) Tj ET Q q 0 0 0 rg BT 67.20 90.75 Td (we ) Tj ET Q q 0 0 0 rg BT 81.57 90.75 Td (will ) Tj ET Q q 0 0 0 rg BT 99.84 90.75 Td (be ) Tj ET Q q 0 0 0 rg BT 111.99 90.75 Td (able ) Tj ET Q q 0 0 0 rg BT 131.35 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 141.84 90.75 Td (successfully ) Tj ET Q q 0 0 0 rg BT 193.42 90.75 Td (modify ) Tj ET Q q 0 0 0 rg BT 225.02 90.75 Td (these ) Tj ET Q q 0 0 0 rg BT 248.28 90.75 Td (covenants ) Tj ET Q q 0 0 0 rg BT 290.97 90.75 Td (or ) Tj ET Q q 0 0 0 rg BT 302.01 90.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 331.36 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 347.40 90.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 367.33 90.75 Td (in ) Tj ET Q q 0 0 0 rg BT 377.82 90.75 Td (the ) Tj ET Q q 0 0 0 rg BT 392.74 90.75 Td (future. ) Tj ET Q q 0 0 0 rg BT 421.83 90.75 Td ( ) Tj ET Q q 0 0 0 rg BT 424.54 90.75 Td (For ) Tj ET Q q 0 0 0 rg BT 441.14 90.75 Td (more ) Tj ET Q q 0 0 0 rg BT 464.39 90.75 Td (information ) Tj ET Q q 0 0 0 rg BT 514.31 90.75 Td (on ) Tj ET Q q 0 0 0 rg BT 527.02 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 543.06 90.75 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.35 78.75 Td (facility) Tj ET Q q 0 0 0 rg BT 103.02 78.75 Td (, ) Tj ET Q q 0 0 0 rg BT 108.60 78.75 Td (see ) Tj ET Q q 0 0 0 rg BT 124.46 78.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 145.87 78.75 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 156.45 78.75 Td (Management) Tj ET Q q 0 0 0 rg BT 210.70 78.75 Td (s ) Tj ET Q q 0 0 0 rg BT 217.68 78.75 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 264.65 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 282.52 78.75 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 319.49 78.75 Td (of ) Tj ET Q q 0 0 0 rg BT 330.35 78.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 372.32 78.75 Td (Condition ) Tj ET Q q 0 0 0 rg BT 415.41 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 433.49 78.75 Td (Results ) Tj ET Q q 0 0 0 rg BT 465.46 78.75 Td (of ) Tj ET Q q 0 0 0 rg BT 476.33 78.75 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 521.33 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 524.41 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 532.50 78.75 Td (Capital ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 66.75 Td (Resour) Tj ET Q q 0 0 0 rg BT 77.46 66.75 Td (ces ) Tj ET Q q 0 0 0 rg BT 92.73 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 110.23 66.75 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 148.84 66.75 Td ( ) Tj ET Q q 0 0 0 rg BT 156.34 66.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 184.95 66.75 Td (Secur) Tj ET Q q 0 0 0 rg BT 207.35 66.75 Td (ed ) Tj ET Q q 0 0 0 rg BT 219.29 66.75 Td (Bank ) Tj ET Q q 0 0 0 rg BT 242.33 66.75 Td (Cr) Tj ET Q q 0 0 0 rg BT 252.52 66.75 Td (edit ) Tj ET Q q 0 0 0 rg BT 270.02 66.75 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.12 66.75 Td (.) 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 67.50 714.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.34 714.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 109.06 714.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 154.00 714.60 Td (base ) Tj ET Q q 0 0 0 rg BT 175.05 714.60 Td (is ) Tj ET Q q 0 0 0 rg BT 185.01 714.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 221.62 714.60 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 278.22 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 289.28 714.60 Td (May ) Tj ET Q q 0 0 0 rg BT 310.90 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 328.62 714.60 Td (November ) Tj ET Q q 0 0 0 rg BT 374.11 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 385.72 714.60 Td (each ) Tj ET Q q 0 0 0 rg BT 407.32 714.60 Td (year) Tj ET Q q 0 0 0 rg BT 424.13 714.60 Td (, ) Tj ET Q q 0 0 0 rg BT 429.91 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 447.63 714.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 470.92 714.60 Td (requested ) Tj ET Q q 0 0 0 rg BT 512.52 714.60 Td (unscheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (special ) Tj ET Q q 0 0 0 rg BT 78.88 702.60 Td (redeterminations, ) Tj ET Q q 0 0 0 rg BT 150.19 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 159.58 702.60 Td (each ) Tj ET Q q 0 0 0 rg BT 179.51 702.60 Td (case ) Tj ET Q q 0 0 0 rg BT 198.33 702.60 Td (at ) Tj ET Q q 0 0 0 rg BT 207.16 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.99 702.60 Td (banks) Tj ET Q q 0 0 0 rg BT 246.91 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 248.52 702.60 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 292.07 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.12 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.95 702.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 353.56 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 361.85 702.60 Td (established ) Tj ET Q q 0 0 0 rg BT 407.89 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.95 702.60 Td (based, ) Tj ET Q q 0 0 0 rg BT 450.83 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 460.22 702.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 479.88 702.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 501.49 702.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 530.31 702.60 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 81.40 690.60 Td (such ) Tj ET Q q 0 0 0 rg BT 101.93 690.60 Td (as ) Tj ET Q q 0 0 0 rg BT 112.45 690.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 160.20 690.60 Td (prices.) Tj ET Q q 0 0 0 rg BT 191.39 690.60 Td (W) Tj ET Q q 0 0 0 rg BT 200.03 690.60 Td (e ) Tj ET Q q 0 0 0 rg BT 206.67 690.60 Td (do ) Tj ET Q q 0 0 0 rg BT 218.86 690.60 Td (not ) Tj ET Q q 0 0 0 rg BT 233.83 690.60 Td (know) Tj ET Q q 0 0 0 rg BT 255.41 690.60 Td (, ) Tj ET Q q 0 0 0 rg BT 260.10 690.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 275.63 690.60 Td (can ) Tj ET Q q 0 0 0 rg BT 291.70 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 305.55 690.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 338.57 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.98 690.60 Td (results ) Tj ET Q q 0 0 0 rg BT 381.29 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 391.81 690.60 Td (such ) Tj ET Q q 0 0 0 rg BT 412.34 690.60 Td (redeterminations ) Tj ET Q q 0 0 0 rg BT 481.73 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 492.25 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.67 690.60 Td (ef) Tj ET Q q 0 0 0 rg BT 514.25 690.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 531.43 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 690.60 Td (then-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (current ) Tj ET Q q 0 0 0 rg BT 80.10 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.94 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.66 678.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 139.71 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 155.33 678.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 181.49 678.60 Td (on ) Tj ET Q q 0 0 0 rg BT 193.77 678.60 Td (any ) Tj ET Q q 0 0 0 rg BT 210.49 678.60 Td (such ) Tj ET Q q 0 0 0 rg BT 231.11 678.60 Td (redetermination. ) Tj ET Q q 0 0 0 rg BT 299.20 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 300.98 678.60 Td (A) Tj ET Q q 0 0 0 rg BT 307.65 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.93 678.60 Td (future ) Tj ET Q q 0 0 0 rg BT 336.09 678.60 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 401.68 678.60 Td (lowering ) Tj ET Q q 0 0 0 rg BT 439.51 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 455.13 678.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 499.07 678.60 Td (base ) Tj ET Q q 0 0 0 rg BT 519.12 678.60 Td (could ) Tj ET Q q 0 0 0 rg BT 543.63 678.60 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 96.86 666.60 Td (under ) Tj ET Q q 0 0 0 rg BT 122.01 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.71 666.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 159.53 666.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.67 666.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 215.37 666.60 Td (or ) Tj ET Q q 0 0 0 rg BT 226.08 666.60 Td (require ) Tj ET Q q 0 0 0 rg BT 256.77 666.60 Td (us ) Tj ET Q q 0 0 0 rg BT 268.04 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.19 666.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 298.34 666.60 Td (dif) Tj ET Q q 0 0 0 rg BT 309.26 666.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 334.96 666.60 Td (forms ) Tj ET Q q 0 0 0 rg BT 360.66 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.37 666.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 411.51 666.60 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 470.25 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.63 666.60 Td (If ) Tj ET Q q 0 0 0 rg BT 481.67 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.26 666.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 545.30 666.60 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (under ) Tj ET Q q 0 0 0 rg BT 75.00 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 91.07 654.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 113.24 654.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 138.74 654.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 169.79 654.60 Td (were ) Tj ET Q q 0 0 0 rg BT 191.96 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.47 654.60 Td (ever ) Tj ET Q q 0 0 0 rg BT 222.41 654.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 252.90 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.85 654.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 312.24 654.60 Td (base, ) Tj ET Q q 0 0 0 rg BT 335.25 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 349.64 654.60 Td (would ) Tj ET Q q 0 0 0 rg BT 377.38 654.60 Td (be ) Tj ET Q q 0 0 0 rg BT 389.55 654.60 Td (required ) Tj ET Q q 0 0 0 rg BT 425.60 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 436.11 654.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 461.05 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.00 654.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 504.84 654.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 537.57 654.60 Td (over ) Tj ET Q q 0 0 0 rg BT 558.07 654.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 642.60 Td (not ) Tj ET Q q 0 0 0 rg BT 92.83 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.10 642.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 133.36 642.60 Td (six ) Tj ET Q q 0 0 0 rg BT 147.53 642.60 Td (months.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 618.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 118.13 618.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 134.52 618.60 Td (development ) Tj ET Q q 0 0 0 rg BT 191.46 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.08 618.60 Td (pr) Tj ET Q q 0 0 0 rg BT 219.90 618.60 Td (oducing ) Tj ET Q q 0 0 0 rg BT 256.30 618.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 303.80 618.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 336.86 618.60 Td (various ) Tj ET Q q 0 0 0 rg BT 371.03 618.60 Td (risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.45 594.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.50 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 144.10 594.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 174.83 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 185.00 594.60 Td (all ) Tj ET Q q 0 0 0 rg BT 197.39 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.00 594.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 233.29 594.60 Td (normally ) Tj ET Q q 0 0 0 rg BT 271.79 594.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 306.40 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 323.24 594.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 358.40 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.57 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.18 594.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 423.34 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.18 594.60 Td (development ) Tj ET Q q 0 0 0 rg BT 494.23 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.95 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 517.91 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 534.74 594.60 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 64.30 582.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 105.75 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.65 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.34 582.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 166.25 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.04 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 188.06 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.97 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.20 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 248.00 582.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 273.07 582.60 Td (including, ) Tj ET Q q 0 0 0 rg BT 314.81 582.60 Td (without ) Tj ET Q q 0 0 0 rg BT 346.83 582.60 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 389.69 582.60 Td (pipe ) Tj ET Q q 0 0 0 rg BT 408.37 582.60 Td (failure; ) Tj ET Q q 0 0 0 rg BT 438.71 582.60 Td (fires; ) Tj ET Q q 0 0 0 rg BT 460.72 582.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 505.51 582.60 Td (with ) Tj ET Q q 0 0 0 rg BT 524.76 582.60 Td (abnormal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (pressures; ) Tj ET Q q 0 0 0 rg BT 92.47 570.60 Td (uncontrollable ) Tj ET Q q 0 0 0 rg BT 153.22 570.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 178.42 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.73 570.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 205.77 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 236.52 570.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 255.33 570.60 Td (brine ) Tj ET Q q 0 0 0 rg BT 278.87 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 290.18 570.60 Td (well ) Tj ET Q q 0 0 0 rg BT 310.38 570.60 Td (fluids; ) Tj ET Q q 0 0 0 rg BT 338.92 570.60 Td (release ) Tj ET Q q 0 0 0 rg BT 369.66 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.97 570.60 Td (contaminants ) Tj ET Q q 0 0 0 rg BT 437.27 570.60 Td (into ) Tj ET Q q 0 0 0 rg BT 455.81 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.01 570.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 524.54 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 570.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 110.83 558.60 Td (hazards ) Tj ET Q q 0 0 0 rg BT 144.93 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 558.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 185.39 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.40 558.60 Td (well ) Tj ET Q q 0 0 0 rg BT 224.18 558.60 Td (blowouts, ) Tj ET Q q 0 0 0 rg BT 266.92 558.60 Td (cratering ) Tj ET Q q 0 0 0 rg BT 306.02 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 317.92 558.60 Td (explosions. ) Tj ET Q q 0 0 0 rg BT 366.76 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.33 558.60 Td (In ) Tj ET Q q 0 0 0 rg BT 382.22 558.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 421.06 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 437.96 558.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 483.18 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 498.96 558.60 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 545.30 558.60 Td (near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (populated ) Tj ET Q q 0 0 0 rg BT 91.16 546.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 140.57 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 151.13 546.60 Td (residential ) Tj ET Q q 0 0 0 rg BT 195.00 546.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 220.26 546.60 Td (which ) Tj ET Q q 0 0 0 rg BT 246.92 546.60 Td (add ) Tj ET Q q 0 0 0 rg BT 263.58 546.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 305.79 546.60 Td (risks. ) Tj ET Q q 0 0 0 rg BT 329.40 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.46 546.60 Td (The ) Tj ET Q q 0 0 0 rg BT 349.23 546.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 376.44 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.99 546.60 Td (these ) Tj ET Q q 0 0 0 rg BT 409.76 546.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 430.87 546.60 Td (is ) Tj ET Q q 0 0 0 rg BT 439.76 546.60 Td (such ) Tj ET Q q 0 0 0 rg BT 460.32 546.60 Td (that ) Tj ET Q q 0 0 0 rg BT 477.53 546.60 Td (some ) Tj ET Q q 0 0 0 rg BT 500.86 546.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 540.30 546.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 81.18 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 98.44 534.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 140.68 534.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 169.60 534.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 196.31 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 208.57 534.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 251.38 534.60 Td (be ) Tj ET Q q 0 0 0 rg BT 264.74 534.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 304.76 534.60 Td (from, ) Tj ET Q q 0 0 0 rg BT 330.63 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 342.89 534.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 375.14 534.60 Td (by) Tj ET Q q 0 0 0 rg BT 384.49 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 390.92 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 408.18 534.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 450.42 534.60 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 492.93 534.60 Td (as ) Tj ET Q q 0 0 0 rg BT 505.19 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 516.89 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.04 534.60 Td (case ) Tj ET Q q 0 0 0 rg BT 554.17 534.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.76 522.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 131.70 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.64 522.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 189.18 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.34 522.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 242.21 522.60 Td (which ) Tj ET Q q 0 0 0 rg BT 269.15 522.60 Td (are ) Tj ET Q q 0 0 0 rg BT 283.86 522.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 322.45 522.60 Td (from ) Tj ET Q q 0 0 0 rg BT 344.39 522.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 382.97 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 393.80 522.60 Td (they ) Tj ET Q q 0 0 0 rg BT 413.52 522.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 442.67 522.60 Td (be ) Tj ET Q q 0 0 0 rg BT 454.61 522.60 Td (insured.) 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 83.29 498.60 Td (could ) Tj ET Q q 0 0 0 rg BT 108.22 498.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 131.47 498.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 176.40 498.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.11 498.60 Td (related ) Tj ET Q q 0 0 0 rg BT 229.02 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.51 498.60 Td (these ) Tj ET Q q 0 0 0 rg BT 262.77 498.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 284.37 498.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.08 498.60 Td (could ) Tj ET Q q 0 0 0 rg BT 327.01 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 348.60 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.75 498.60 Td (material ) Tj ET Q q 0 0 0 rg BT 391.22 498.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 424.47 498.60 Td (ef) Tj ET Q q 0 0 0 rg BT 432.05 498.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.75 498.60 Td (on ) Tj ET Q q 0 0 0 rg BT 462.46 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 478.50 498.60 Td (results ) Tj ET Q q 0 0 0 rg BT 507.32 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.36 498.60 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.60 486.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 126.50 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 143.05 486.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 162.94 486.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 187.29 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 197.74 486.60 Td (could ) Tj ET Q q 0 0 0 rg BT 222.07 486.60 Td (have ) Tj ET Q q 0 0 0 rg BT 243.07 486.60 Td (an ) Tj ET Q q 0 0 0 rg BT 254.63 486.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 287.29 486.60 Td (ef) Tj ET Q q 0 0 0 rg BT 294.88 486.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 311.98 486.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 334.10 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.44 486.60 Td (profitability ) Tj ET Q q 0 0 0 rg BT 398.33 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 408.78 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 424.23 486.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 472.54 486.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 522.44 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 527.06 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 533.62 486.60 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.49 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.47 474.60 Td (production ) Tj ET Q q 0 0 0 rg BT 122.45 474.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 161.21 474.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 197.75 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.64 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.89 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 217.54 474.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 259.08 474.60 Td (into ) Tj ET Q q 0 0 0 rg BT 277.29 474.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 302.16 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 322.60 474.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 346.36 474.60 Td (plugged ) Tj ET Q q 0 0 0 rg BT 381.23 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.33 474.60 Td (abandoned ) Tj ET Q q 0 0 0 rg BT 444.30 474.60 Td (by ) Tj ET Q q 0 0 0 rg BT 456.95 474.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 479.05 474.60 Td (operators.However) Tj ET Q q 0 0 0 rg BT 560.00 474.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (it ) Tj ET Q q 0 0 0 rg BT 57.51 462.60 Td (is ) Tj ET Q q 0 0 0 rg BT 66.64 462.60 Td (often ) Tj ET Q q 0 0 0 rg BT 89.65 462.60 Td (dif) Tj ET Q q 0 0 0 rg BT 100.57 462.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 124.13 462.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 138.25 462.60 Td (impracticable\) ) Tj ET Q q 0 0 0 rg BT 198.45 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 208.69 462.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 251.13 462.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 285.79 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 292.69 462.60 Td (well ) Tj ET Q q 0 0 0 rg BT 312.36 462.60 Td (has ) Tj ET Q q 0 0 0 rg BT 328.15 462.60 Td (been ) Tj ET Q q 0 0 0 rg BT 349.48 462.60 Td (properly ) Tj ET Q q 0 0 0 rg BT 385.82 462.60 Td (plugged ) Tj ET Q q 0 0 0 rg BT 420.49 462.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 442.39 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.63 462.60 Td (commencing ) Tj ET Q q 0 0 0 rg BT 506.73 462.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 548.07 462.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (pressuring ) Tj ET Q q 0 0 0 rg BT 95.54 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.14 450.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 127.08 450.60 Td (reservoirs. ) Tj ET Q q 0 0 0 rg BT 173.40 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.46 450.60 Td (W) Tj ET Q q 0 0 0 rg BT 186.10 450.60 Td (e ) Tj ET Q q 0 0 0 rg BT 194.92 450.60 Td (may ) Tj ET Q q 0 0 0 rg BT 216.52 450.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 241.45 450.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 288.05 450.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 312.43 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.59 450.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 372.85 450.60 Td (with ) Tj ET Q q 0 0 0 rg BT 395.01 450.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 434.37 450.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 474.31 450.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 520.35 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 450.60 Td (prevent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 111.15 438.60 Td (contamination ) Tj ET Q q 0 0 0 rg BT 172.25 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.59 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.26 438.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 245.03 438.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 278.92 438.60 Td (with ) Tj ET Q q 0 0 0 rg BT 300.59 438.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 334.74 438.60 Td (state ) Tj ET Q q 0 0 0 rg BT 356.96 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.30 438.60 Td (local ) Tj ET Q q 0 0 0 rg BT 398.62 438.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 446.95 438.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 480.83 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 492.50 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.61 438.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 548.06 438.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 99.29 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 110.75 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 127.21 426.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 143.40 426.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 174.30 426.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.76 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 208.33 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 222.22 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.47 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.60 426.60 Td (wells.In ) Tj ET Q q 0 0 0 rg BT 268.67 426.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 304.58 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.49 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.84 426.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 371.73 426.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 397.36 426.60 Td (if ) Tj ET Q q 0 0 0 rg BT 406.60 426.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 430.84 426.60 Td (have ) Tj ET Q q 0 0 0 rg BT 452.85 426.60 Td (not ) Tj ET Q q 0 0 0 rg BT 468.76 426.60 Td (been ) Tj ET Q q 0 0 0 rg BT 490.77 426.60 Td (properly ) Tj ET Q q 0 0 0 rg BT 527.78 426.60 Td (plugged, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (modification ) Tj ET Q q 0 0 0 rg BT 103.10 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 113.38 414.60 Td (those ) Tj ET Q q 0 0 0 rg BT 136.99 414.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 160.59 414.60 Td (may ) Tj ET Q q 0 0 0 rg BT 180.31 414.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 204.47 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.30 414.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 264.45 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.39 414.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 310.54 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 326.37 414.60 Td (production.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 123.08 390.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 160.90 390.60 Td (are ) Tj ET Q q 0 0 0 rg BT 174.82 390.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 204.85 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.35 390.60 Td (many ) Tj ET Q q 0 0 0 rg BT 238.28 390.60 Td (risks, ) Tj ET Q q 0 0 0 rg BT 261.38 390.60 Td (including ) Tj ET Q q 0 0 0 rg BT 300.87 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.80 390.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 331.51 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 348.22 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 361.59 390.60 Td (will ) Tj ET Q q 0 0 0 rg BT 378.86 390.60 Td (not ) Tj ET Q q 0 0 0 rg BT 393.35 390.60 Td (recover ) Tj ET Q q 0 0 0 rg BT 425.04 390.60 Td (all ) Tj ET Q q 0 0 0 rg BT 436.75 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 446.79 390.60 Td (any ) Tj ET Q q 0 0 0 rg BT 462.94 390.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 493.54 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 503.58 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 518.63 390.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.80 378.60 Td (such ) Tj ET Q q 0 0 0 rg BT 80.66 378.60 Td (wells.Drilling ) Tj ET Q q 0 0 0 rg BT 143.46 378.60 Td (for ) Tj ET Q q 0 0 0 rg BT 157.64 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 170.72 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.68 378.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.97 378.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 233.83 378.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.57 378.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 286.09 378.60 Td (unprofitable ) Tj ET Q q 0 0 0 rg BT 337.48 378.60 Td (ef) Tj ET Q q 0 0 0 rg BT 345.07 378.60 Td (forts, ) Tj ET Q q 0 0 0 rg BT 368.43 378.60 Td (not ) Tj ET Q q 0 0 0 rg BT 383.73 378.60 Td (only ) Tj ET Q q 0 0 0 rg BT 404.03 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 425.99 378.60 Td (dry ) Tj ET Q q 0 0 0 rg BT 441.85 378.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 467.98 378.60 Td (but ) Tj ET Q q 0 0 0 rg BT 483.28 378.60 Td (also ) Tj ET Q q 0 0 0 rg BT 501.92 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 523.88 378.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 547.51 378.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.03 366.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 109.11 366.60 Td (but ) Tj ET Q q 0 0 0 rg BT 124.21 366.60 Td (do ) Tj ET Q q 0 0 0 rg BT 136.53 366.60 Td (not ) Tj ET Q q 0 0 0 rg BT 151.63 366.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 186.16 366.60 Td (suf) Tj ET Q q 0 0 0 rg BT 198.20 366.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 226.06 366.60 Td (net ) Tj ET Q q 0 0 0 rg BT 240.60 366.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 275.68 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.78 366.60 Td (return ) Tj ET Q q 0 0 0 rg BT 311.98 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 318.74 366.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 343.27 366.60 Td (after ) Tj ET Q q 0 0 0 rg BT 363.91 366.60 Td (deducting ) Tj ET Q q 0 0 0 rg BT 405.66 366.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 439.93 366.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 480.01 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.77 366.60 Td (other ) Tj ET Q q 0 0 0 rg BT 519.64 366.60 Td (costs.) Tj ET Q q 0 0 0 rg BT 546.96 366.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.53 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.78 354.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 111.64 354.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 158.55 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.91 354.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 214.60 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.96 354.60 Td (well ) Tj ET Q q 0 0 0 rg BT 240.09 354.60 Td (is ) Tj ET Q q 0 0 0 rg BT 248.68 354.60 Td (often ) Tj ET Q q 0 0 0 rg BT 271.15 354.60 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 312.77 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.13 354.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 347.16 354.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 376.29 354.60 Td (can ) Tj ET Q q 0 0 0 rg BT 392.09 354.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 432.32 354.60 Td (af) Tj ET Q q 0 0 0 rg BT 439.91 354.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 456.81 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.95 354.60 Td (economics ) Tj ET Q q 0 0 0 rg BT 515.64 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.89 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 532.25 354.60 Td (project. ) Tj ET Q q 0 0 0 rg BT 565.01 354.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (Further) Tj ET Q q 0 0 0 rg BT 78.54 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 83.54 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.37 342.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 131.31 342.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 175.47 342.60 Td (may ) Tj ET Q q 0 0 0 rg BT 195.18 342.60 Td (be ) Tj ET Q q 0 0 0 rg BT 207.12 342.60 Td (curtailed, ) Tj ET Q q 0 0 0 rg BT 247.10 342.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 280.70 342.60 Td (or ) Tj ET Q q 0 0 0 rg BT 291.53 342.60 Td (canceled ) Tj ET Q q 0 0 0 rg BT 329.00 342.60 Td (as ) Tj ET Q q 0 0 0 rg BT 339.83 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.77 342.60 Td (result ) Tj ET Q q 0 0 0 rg BT 371.48 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.31 342.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 424.25 342.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 456.46 342.60 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 318.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 318.60 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 133.53 318.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 165.48 318.60 Td (conditions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 306.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 121.32 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.15 306.60 Td (irregularities ) Tj ET Q q 0 0 0 rg BT 185.74 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 196.02 306.60 Td (formations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 294.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 130.21 294.60 Td (failures ) Tj ET Q q 0 0 0 rg BT 162.70 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 173.53 294.60 Td (accidents;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 282.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.40 282.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 152.41 282.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 198.94 282.60 Td (including ) Tj ET Q q 0 0 0 rg BT 239.08 282.60 Td (hurricanes ) Tj ET Q q 0 0 0 rg BT 283.10 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.90 282.60 Td (tropical ) Tj ET Q q 0 0 0 rg BT 332.81 282.60 Td (storms ) Tj ET Q q 0 0 0 rg BT 361.84 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.99 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.79 282.60 Td (around ) Tj ET Q q 0 0 0 rg BT 418.93 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.51 282.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 454.20 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.90 282.60 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 497.81 282.60 Td (that ) Tj ET Q q 0 0 0 rg BT 515.17 282.60 Td (can ) Tj ET Q q 0 0 0 rg BT 531.42 282.60 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 99.09 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 270.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 147.36 270.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 163.73 270.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 201.19 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.66 270.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 254.46 270.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 289.17 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.64 270.60 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 337.45 270.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 384.64 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.12 270.60 Td (winter ) Tj ET Q q 0 0 0 rg BT 430.70 270.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 475.40 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.87 270.60 Td (forest ) Tj ET Q q 0 0 0 rg BT 518.67 270.60 Td (fires ) Tj ET Q q 0 0 0 rg BT 539.48 270.60 Td (in ) 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 85.50 258.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 114.11 258.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 155.50 258.60 Td (region ) Tj ET Q q 0 0 0 rg BT 183.54 258.60 Td (that ) Tj ET Q q 0 0 0 rg BT 201.04 258.60 Td (can ) Tj ET Q q 0 0 0 rg BT 217.41 258.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 241.57 258.60 Td (or ) Tj ET Q q 0 0 0 rg BT 252.40 258.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 284.33 258.60 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 246.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 134.09 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 154.37 246.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 214.63 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.56 246.60 Td (other ) Tj ET Q q 0 0 0 rg BT 254.61 246.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 312.09 246.60 Td (requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 234.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 118.83 234.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 132.16 234.60 Td (or ) Tj ET Q q 0 0 0 rg BT 142.99 234.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 183.25 234.60 Td (or ) Tj ET Q q 0 0 0 rg BT 194.08 234.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 222.13 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 232.41 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 234.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 294.61 234.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 307.94 234.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 339.88 234.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 359.88 234.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 407.10 234.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 445.70 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.64 234.60 Td (services; ) Tj ET Q q 0 0 0 rg BT 500.12 234.60 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 222.60 Td (title ) Tj ET Q q 0 0 0 rg BT 103.55 222.60 Td (problems.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 98.67 198.60 Td (our) Tj ET Q q 0 0 0 rg BT 113.49 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.99 198.60 Td (r) Tj ET Q q 0 0 0 rg BT 120.25 198.60 Td (eserves, ) Tj ET Q q 0 0 0 rg BT 155.78 198.60 Td (pr) Tj ET Q q 0 0 0 rg BT 165.60 198.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 205.33 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.96 198.60 Td (futur) Tj ET Q q 0 0 0 rg BT 246.00 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 252.94 198.60 Td (net ) Tj ET Q q 0 0 0 rg BT 268.77 198.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.16 198.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 314.88 198.60 Td (is ) Tj ET Q q 0 0 0 rg BT 324.05 198.60 Td (difficult ) Tj ET Q q 0 0 0 rg BT 360.44 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 371.27 198.60 Td (do ) Tj ET Q q 0 0 0 rg BT 384.33 198.60 Td (with ) Tj ET Q q 0 0 0 rg BT 405.72 198.60 Td (any ) Tj ET Q q 0 0 0 rg BT 423.78 198.60 Td (certainty) Tj ET Q q 0 0 0 rg BT 461.55 198.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 114.23 174.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 156.50 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.23 174.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 199.39 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 213.34 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 174.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 262.33 174.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 279.06 174.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 315.21 174.60 Td (is ) Tj ET Q q 0 0 0 rg BT 325.28 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 333.11 174.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 370.94 174.60 Td (process.It ) Tj ET Q q 0 0 0 rg BT 417.93 174.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 453.54 174.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 514.69 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.42 174.60 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.95 162.60 Td (data ) Tj ET Q q 0 0 0 rg BT 108.96 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 126.75 162.60 Td (various ) Tj ET Q q 0 0 0 rg BT 159.55 162.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 214.85 162.60 Td (including ) Tj ET Q q 0 0 0 rg BT 255.98 162.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 308.79 162.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 342.69 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 353.82 162.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 396.05 162.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 426.62 162.60 Td (such ) Tj ET Q q 0 0 0 rg BT 448.30 162.60 Td (as ) Tj ET Q q 0 0 0 rg BT 459.99 162.60 Td (future ) Tj ET Q q 0 0 0 rg BT 487.22 162.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 536.13 162.60 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.82 150.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 121.31 150.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 163.72 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.15 150.60 Td (excise ) Tj ET Q q 0 0 0 rg BT 209.13 150.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 235.17 150.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 264.81 150.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 318.90 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.33 150.60 Td (workover ) Tj ET Q q 0 0 0 rg BT 377.64 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 395.08 150.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 433.05 150.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 458.54 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.97 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.18 150.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 528.62 150.60 Td (ef) Tj ET Q q 0 0 0 rg BT 536.20 150.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 554.18 150.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 108.43 138.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 131.81 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.20 138.60 Td (regulations.) Tj ET Q q 0 0 0 rg BT 201.95 138.60 Td (There ) Tj ET Q q 0 0 0 rg BT 229.21 138.60 Td (are ) Tj ET Q q 0 0 0 rg BT 245.36 138.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 288.75 138.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 343.78 138.60 Td (about ) Tj ET Q q 0 0 0 rg BT 369.95 138.60 Td (when ) Tj ET Q q 0 0 0 rg BT 395.55 138.60 Td (a ) Tj ET Q q 0 0 0 rg BT 403.94 138.60 Td (property ) Tj ET Q q 0 0 0 rg BT 441.76 138.60 Td (may ) Tj ET Q q 0 0 0 rg BT 462.92 138.60 Td (have ) Tj ET Q q 0 0 0 rg BT 485.75 138.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 517.46 138.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 554.17 138.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.03 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.92 126.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 138.02 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 148.46 126.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 185.55 126.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 222.92 126.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 271.12 126.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 303.77 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 313.66 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 329.10 126.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 360.08 126.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 397.17 126.60 Td (operations.Forecasting ) Tj ET Q q 0 0 0 rg BT 495.09 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.41 126.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 541.52 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 551.96 126.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.77 114.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 133.91 114.60 Td (from ) Tj ET Q q 0 0 0 rg BT 155.86 114.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 187.24 114.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 233.90 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.85 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 265.58 114.60 Td (production ) Tj ET Q q 0 0 0 rg BT 311.41 114.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 332.80 114.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 379.18 114.60 Td (therefrom, ) Tj ET Q q 0 0 0 rg BT 423.61 114.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 458.33 114.60 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 500.55 114.60 Td (one ) Tj ET Q q 0 0 0 rg BT 517.50 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.34 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 543.06 114.60 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.03 102.60 Td (being ) Tj ET Q q 0 0 0 rg BT 118.56 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.09 102.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 145.96 102.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 183.25 102.60 Td (factor) Tj ET Q q 0 0 0 rg BT 206.01 102.60 Td (.) Tj ET Q q 0 0 0 rg BT 212.96 102.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 241.93 102.60 Td (results ) Tj ET Q q 0 0 0 rg BT 270.35 102.60 Td (most ) Tj ET Q q 0 0 0 rg BT 292.11 102.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 317.20 102.60 Td (will ) Tj ET Q q 0 0 0 rg BT 335.07 102.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 355.15 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 376.90 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 392.54 102.60 Td (estimates.) Tj ET Q q 0 0 0 rg BT 436.70 102.60 Td (Also, ) Tj ET Q q 0 0 0 rg BT 460.41 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.94 102.60 Td (use ) Tj ET Q q 0 0 0 rg BT 490.58 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 501.23 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 507.98 102.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 528.62 102.60 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 75.07 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 88.98 90.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 127.88 90.60 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 168.19 90.60 Td (as ) Tj ET Q q 0 0 0 rg BT 178.77 90.60 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 222.66 90.60 Td (by ) Tj ET Q q 0 0 0 rg BT 234.92 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.38 90.60 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 272.47 90.60 Td (may ) Tj ET Q q 0 0 0 rg BT 291.94 90.60 Td (not ) Tj ET Q q 0 0 0 rg BT 306.97 90.60 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 353.65 90.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 392.54 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.01 90.60 Td (most ) Tj ET Q q 0 0 0 rg BT 428.71 90.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 476.49 90.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 512.63 90.60 Td (factor) Tj ET Q q 0 0 0 rg BT 535.54 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 540.30 90.60 Td (given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 76.04 78.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 108.15 78.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 129.70 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.80 78.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 168.37 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 178.82 78.60 Td (which ) Tj ET Q q 0 0 0 rg BT 205.93 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 221.93 78.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 260.99 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.10 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.99 78.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 306.21 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 323.32 78.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 353.76 78.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 369.76 78.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 405.21 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 415.66 78.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 450.25 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 465.13 78.60 Td (subject.) Tj ET Q q 0 0 0 rg BT 500.40 78.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 520.30 78.60 Td (significant ) 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 49.50 726.60 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 101.50 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.87 726.60 Td (these ) Tj ET Q q 0 0 0 rg BT 135.01 726.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 195.36 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 206.28 726.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 260.82 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 271.74 726.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 306.54 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.46 726.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 364.22 726.60 Td (could ) Tj ET Q q 0 0 0 rg BT 389.03 726.60 Td (result ) Tj ET Q q 0 0 0 rg BT 413.84 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 424.21 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 431.24 726.60 Td (revision ) Tj ET Q q 0 0 0 rg BT 466.05 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.97 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.78 726.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 533.25 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.28 726.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (present ) Tj ET Q q 0 0 0 rg BT 80.88 714.60 Td (value ) Tj ET Q q 0 0 0 rg BT 105.03 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.86 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 131.69 714.60 Td (reserves.) 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 85.79 690.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 121.28 690.60 Td (data ) Tj ET Q q 0 0 0 rg BT 140.68 690.60 Td (included ) Tj ET Q q 0 0 0 rg BT 177.85 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.37 690.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 234.43 690.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 287.71 690.60 Td (by ) Tj ET Q q 0 0 0 rg BT 300.44 690.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 340.37 690.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 379.75 690.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 419.70 690.60 Td (only) Tj ET Q q 0 0 0 rg BT 436.83 690.60 Td (.Quantities ) Tj ET Q q 0 0 0 rg BT 488.17 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.24 690.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.75 690.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.90 678.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 104.42 678.60 Td (based ) Tj ET Q q 0 0 0 rg BT 129.38 678.60 Td (on ) Tj ET Q q 0 0 0 rg BT 141.58 678.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 182.64 678.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 229.00 678.60 Td (including ) Tj ET Q q 0 0 0 rg BT 268.97 678.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 361.14 678.60 Td (average ) Tj ET Q q 0 0 0 rg BT 394.41 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 407.17 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.80 678.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 453.76 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.28 678.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 495.35 678.60 Td (for ) Tj ET Q q 0 0 0 rg BT 509.21 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 678.60 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (period ) Tj ET Q q 0 0 0 rg BT 77.88 666.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 120.13 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.17 666.60 Td (date ) Tj ET Q q 0 0 0 rg BT 154.66 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.82 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.86 666.60 Td (assessment.) Tj ET Q q 0 0 0 rg BT 232.62 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 250.99 666.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 309.90 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 323.29 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.55 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 371.15 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 387.31 666.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 414.01 666.60 Td (used ) Tj ET Q q 0 0 0 rg BT 435.17 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.78 666.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 490.27 666.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 666.60 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 654.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 107.87 654.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.11 654.60 Td ($51.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.61 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.42 654.60 Td (per ) Tj ET Q q 0 0 0 rg BT 175.99 654.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 193.25 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 207.72 654.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 232.73 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 246.10 654.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.34 654.60 Td ($2.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.84 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 288.65 654.60 Td (per ) Tj ET Q q 0 0 0 rg BT 304.23 654.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 339.27 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 353.73 654.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 384.30 654.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 402.94 654.60 Td (both ) Tj ET Q q 0 0 0 rg BT 423.53 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.67 654.60 Td (which ) Tj ET Q q 0 0 0 rg BT 461.91 654.60 Td (were ) Tj ET Q q 0 0 0 rg BT 484.15 654.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 520.28 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 534.75 654.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 642.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 100.21 642.60 Td (by ) Tj ET Q q 0 0 0 rg BT 112.79 642.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 136.20 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.78 642.60 Td (Rapid ) Tj ET Q q 0 0 0 rg BT 165.24 642.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 190.03 642.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 203.17 642.60 Td (price ) Tj ET Q q 0 0 0 rg BT 225.74 642.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 261.08 642.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 303.66 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.01 642.60 Td (late ) Tj ET Q q 0 0 0 rg BT 331.03 642.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 353.61 642.60 Td (have ) Tj ET Q q 0 0 0 rg BT 375.07 642.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 409.30 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 419.66 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 426.68 642.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 471.47 642.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 508.47 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.83 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 534.74 642.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 80.87 630.60 Td (value ) Tj ET Q q 0 0 0 rg BT 105.04 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 126.98 630.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 149.49 630.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 177.82 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 194.76 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 205.05 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 211.99 630.60 Td (lesser ) Tj ET Q q 0 0 0 rg BT 237.27 630.60 Td (degree, ) Tj ET Q q 0 0 0 rg BT 268.92 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 275.86 630.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 316.13 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 326.42 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 342.25 630.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 372.53 630.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 403.90 630.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 442.80 630.60 Td (which ) Tj ET Q q 0 0 0 rg BT 469.74 630.60 Td (has ) Tj ET Q q 0 0 0 rg BT 485.58 630.60 Td (caused ) Tj ET Q q 0 0 0 rg BT 515.29 630.60 Td (us ) Tj ET Q q 0 0 0 rg BT 526.69 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 536.97 630.60 Td (record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 102.52 618.60 Td (due ) Tj ET Q q 0 0 0 rg BT 119.99 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 130.80 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.04 618.60 Td (full ) Tj ET Q q 0 0 0 rg BT 162.96 618.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 182.10 618.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 212.34 618.60 Td (test ) Tj ET Q q 0 0 0 rg BT 229.26 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 240.06 618.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 263.09 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.56 618.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 306.09 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 308.45 618.60 Td (As ) Tj ET Q q 0 0 0 rg BT 322.60 618.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 363.96 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 374.76 618.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 405.55 618.60 Td (detail ) Tj ET Q q 0 0 0 rg BT 430.79 618.60 Td (below) Tj ET Q q 0 0 0 rg BT 454.58 618.60 Td (, ) Tj ET Q q 0 0 0 rg BT 460.11 618.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 505.35 618.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 541.14 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 551.95 618.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.58 606.60 Td (could ) Tj ET Q q 0 0 0 rg BT 99.99 606.60 Td (result ) Tj ET Q q 0 0 0 rg BT 124.41 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 134.38 606.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 176.57 606.60 Td (write-downs. ) Tj ET Q q 0 0 0 rg BT 231.26 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.46 606.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 251.21 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 286.17 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 302.81 606.60 Td (future ) Tj ET Q q 0 0 0 rg BT 328.88 606.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.85 606.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 373.27 606.60 Td (may ) Tj ET Q q 0 0 0 rg BT 392.68 606.60 Td (be ) Tj ET Q q 0 0 0 rg BT 404.32 606.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 434.85 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 444.82 606.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 483.13 606.60 Td (based ) Tj ET Q q 0 0 0 rg BT 508.10 606.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 530.30 606.60 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.99 594.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 101.57 594.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 148.44 594.60 Td (including ) Tj ET Q q 0 0 0 rg BT 188.92 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 202.19 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.34 594.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 249.81 594.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 265.85 594.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 294.94 594.60 Td (as ) Tj ET Q q 0 0 0 rg BT 305.97 594.60 Td (well ) Tj ET Q q 0 0 0 rg BT 325.90 594.60 Td (as ) Tj ET Q q 0 0 0 rg BT 336.94 594.60 Td (due ) Tj ET Q q 0 0 0 rg BT 354.09 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 364.57 594.60 Td (production ) Tj ET Q q 0 0 0 rg BT 410.61 594.60 Td (results, ) Tj ET Q q 0 0 0 rg BT 441.93 594.60 Td (results ) Tj ET Q q 0 0 0 rg BT 470.74 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.78 594.60 Td (future ) Tj ET Q q 0 0 0 rg BT 508.37 594.60 Td (development, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.50 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.18 582.60 Td (development ) Tj ET Q q 0 0 0 rg BT 163.06 582.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 188.80 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.48 582.60 Td (other ) Tj ET Q q 0 0 0 rg BT 230.26 582.60 Td (factors.Downward ) Tj ET Q q 0 0 0 rg BT 312.64 582.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 351.99 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.55 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 380.12 582.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 416.12 582.60 Td (could ) Tj ET Q q 0 0 0 rg BT 441.57 582.60 Td (have ) Tj ET Q q 0 0 0 rg BT 463.68 582.60 Td (an ) Tj ET Q q 0 0 0 rg BT 476.36 582.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 510.13 582.60 Td (ef) Tj ET Q q 0 0 0 rg BT 517.72 582.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 535.95 582.60 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 582.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.51 570.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 128.32 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.79 570.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.58 570.60 Td (results.) Tj ET Q q 0 0 0 rg BT 219.64 570.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 249.32 570.60 Td (future ) Tj ET Q q 0 0 0 rg BT 276.23 570.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 303.14 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.61 570.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 343.64 570.60 Td (may ) Tj ET Q q 0 0 0 rg BT 363.89 570.60 Td (be ) Tj ET Q q 0 0 0 rg BT 376.36 570.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 419.93 570.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 448.51 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 459.87 570.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 485.67 570.60 Td (than ) Tj ET Q q 0 0 0 rg BT 505.92 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.16 570.60 Td (prices ) 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 (costs ) Tj ET Q q 0 0 0 rg BT 72.00 558.60 Td (used ) Tj ET Q q 0 0 0 rg BT 92.83 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 103.11 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 118.94 558.60 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.37 534.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.46 534.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 148.31 534.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.31 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.56 534.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.08 534.60 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.41 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 252.17 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.26 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.35 534.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 317.43 534.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 346.96 534.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 381.48 534.60 Td (were ) Tj ET Q q 0 0 0 rg BT 402.66 534.60 Td (undeveloped.Recovery ) Tj ET Q q 0 0 0 rg BT 501.33 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.42 534.60 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.78 522.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 119.51 522.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 164.24 522.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 193.42 522.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 247.03 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.99 522.60 Td (may ) Tj ET Q q 0 0 0 rg BT 283.73 522.60 Td (require ) Tj ET Q q 0 0 0 rg BT 314.57 522.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 358.19 522.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.15 522.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 439.13 522.60 Td (The ) Tj ET Q q 0 0 0 rg BT 457.20 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 492.48 522.60 Td (data ) Tj ET Q q 0 0 0 rg BT 511.66 522.60 Td (assumes ) Tj ET Q q 0 0 0 rg BT 547.51 522.60 Td (that ) 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 63.78 510.60 Td (can ) Tj ET Q q 0 0 0 rg BT 80.28 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.33 510.60 Td (will ) Tj ET Q q 0 0 0 rg BT 115.51 510.60 Td (make ) Tj ET Q q 0 0 0 rg BT 139.79 510.60 Td (these ) Tj ET Q q 0 0 0 rg BT 162.95 510.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 216.67 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.72 510.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 268.00 510.60 Td (these ) Tj ET Q q 0 0 0 rg BT 291.17 510.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 335.44 510.60 Td (successfully) Tj ET Q q 0 0 0 rg BT 383.67 510.60 Td (, ) Tj ET Q q 0 0 0 rg BT 388.79 510.60 Td (but ) Tj ET Q q 0 0 0 rg BT 404.19 510.60 Td (these ) Tj ET Q q 0 0 0 rg BT 427.35 510.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 479.42 510.60 Td (may ) Tj ET Q q 0 0 0 rg BT 499.26 510.60 Td (not ) Tj ET Q q 0 0 0 rg BT 514.65 510.60 Td (be ) Tj ET Q q 0 0 0 rg BT 526.71 510.60 Td (accurate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 498.60 Td (these ) Tj ET Q q 0 0 0 rg BT 89.49 498.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.08 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.02 498.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 204.17 498.60 Td (may ) Tj ET Q q 0 0 0 rg BT 223.89 498.60 Td (not ) Tj ET Q q 0 0 0 rg BT 239.17 498.60 Td (occur) Tj ET Q q 0 0 0 rg BT 260.82 498.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.81 474.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 106.99 474.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 142.46 474.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.18 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.02 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.07 474.60 Td (r) Tj ET Q q 0 0 0 rg BT 229.32 474.60 Td (elated ) Tj ET Q q 0 0 0 rg BT 257.59 474.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 313.63 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.68 474.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 368.49 474.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 383.49 473.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.74 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 389.46 474.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 429.96 474.60 Td (could ) Tj ET Q q 0 0 0 rg BT 456.02 474.60 Td (be ) Tj ET Q q 0 0 0 rg BT 468.74 474.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 504.23 474.60 Td (by ) Tj ET Q q 0 0 0 rg BT 517.51 474.60 Td (difficulties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.34 462.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 103.41 462.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 139.81 462.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 199.52 462.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 227.68 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.18 462.60 Td (permits, ) Tj ET Q q 0 0 0 rg BT 267.95 462.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 296.11 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 298.61 462.60 Td (by ) Tj ET Q q 0 0 0 rg BT 311.67 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.50 462.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 356.12 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.95 462.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.43 462.60 Td (species ) Tj ET Q q 0 0 0 rg BT 431.37 462.60 Td (as ) Tj ET Q q 0 0 0 rg BT 442.76 462.60 Td (thr) Tj ET Q q 0 0 0 rg BT 455.91 462.60 Td (eatened ) Tj ET Q q 0 0 0 rg BT 491.18 462.60 Td (or) Tj ET Q q 0 0 0 rg BT 500.44 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.94 462.60 Td (endanger) Tj ET Q q 0 0 0 rg BT 542.76 462.60 Td (ed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.96 438.60 Td (production ) Tj ET Q q 0 0 0 rg BT 132.19 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 143.43 438.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 168.55 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 182.01 438.60 Td (from ) Tj ET Q q 0 0 0 rg BT 204.36 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.60 438.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 255.16 438.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 286.94 438.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.51 438.60 Td (is ) Tj ET Q q 0 0 0 rg BT 341.09 438.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 385.09 438.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 408.00 438.60 Td (having ) Tj ET Q q 0 0 0 rg BT 438.13 438.60 Td (access ) Tj ET Q q 0 0 0 rg BT 466.57 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.26 438.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 516.27 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.96 438.60 Td (transport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (available ) Tj ET Q q 0 0 0 rg BT 88.68 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 102.58 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.92 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.80 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 136.22 426.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 149.87 426.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 175.19 426.60 Td (at ) Tj ET Q q 0 0 0 rg BT 185.50 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 193.03 426.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 212.24 426.60 Td (that ) Tj ET Q q 0 0 0 rg BT 230.33 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 240.09 426.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 297.06 426.60 Td (viable.Our ) Tj ET Q q 0 0 0 rg BT 347.64 426.60 Td (current ) Tj ET Q q 0 0 0 rg BT 379.05 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.58 426.60 Td (future ) Tj ET Q q 0 0 0 rg BT 423.56 426.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 476.08 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 487.51 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 501.40 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 507.75 426.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 546.95 426.60 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (require ) Tj ET Q q 0 0 0 rg BT 80.86 414.60 Td (us ) Tj ET Q q 0 0 0 rg BT 92.80 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.63 414.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 131.67 414.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 189.14 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 211.63 414.60 Td (private ) Tj ET Q q 0 0 0 rg BT 242.44 414.60 Td (landowners, ) Tj ET Q q 0 0 0 rg BT 294.08 414.60 Td (state ) Tj ET Q q 0 0 0 rg BT 315.46 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.94 414.60 Td (local ) Tj ET Q q 0 0 0 rg BT 355.42 414.60 Td (governments ) Tj ET Q q 0 0 0 rg BT 410.13 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 427.61 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 442.87 414.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 473.67 414.60 Td (government ) Tj ET Q q 0 0 0 rg BT 524.49 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 535.31 414.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (areas.Certain ) Tj ET Q q 0 0 0 rg BT 109.17 402.60 Td (states ) Tj ET Q q 0 0 0 rg BT 133.59 402.60 Td (where ) Tj ET Q q 0 0 0 rg BT 160.22 402.60 Td (we ) Tj ET Q q 0 0 0 rg BT 174.08 402.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 205.70 402.60 Td (have ) Tj ET Q q 0 0 0 rg BT 226.78 402.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 272.29 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 282.82 402.60 Td (may ) Tj ET Q q 0 0 0 rg BT 302.24 402.60 Td (again ) Tj ET Q q 0 0 0 rg BT 326.09 402.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 362.17 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.58 402.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 413.78 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.31 402.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 444.84 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 455.37 402.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 502.00 402.60 Td (that ) Tj ET Q q 0 0 0 rg BT 519.20 402.60 Td (could ) Tj ET Q q 0 0 0 rg BT 543.61 402.60 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 59.69 390.60 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 98.75 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.83 390.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 140.24 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.43 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.72 390.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 190.79 390.60 Td (owner ) Tj ET Q q 0 0 0 rg BT 217.64 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 227.83 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.02 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 244.31 390.60 Td (state, ) Tj ET Q q 0 0 0 rg BT 267.00 390.60 Td (state) Tj ET Q q 0 0 0 rg BT 288.10 390.60 Td (s ) Tj ET Q q 0 0 0 rg BT 293.85 390.60 Td (legislature ) Tj ET Q q 0 0 0 rg BT 337.36 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 347.54 390.60 Td (its ) Tj ET Q q 0 0 0 rg BT 358.85 390.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 417.92 390.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 454.20 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 463.83 390.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 498.45 390.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 532.52 390.60 Td (domain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (over ) Tj ET Q q 0 0 0 rg BT 70.18 378.60 Td (private ) Tj ET Q q 0 0 0 rg BT 100.85 378.60 Td (property) Tj ET Q q 0 0 0 rg BT 134.08 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 139.49 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 150.18 378.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 185.86 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 196.55 378.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 232.24 378.60 Td (judicially ) Tj ET Q q 0 0 0 rg BT 272.92 378.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 309.71 378.60 Td (constraints ) Tj ET Q q 0 0 0 rg BT 355.95 378.60 Td (on, ) Tj ET Q q 0 0 0 rg BT 371.36 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.71 378.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 431.61 378.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 486.72 378.60 Td (for) Tj ET Q q 0 0 0 rg BT 497.98 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 503.39 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.52 378.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 554.18 378.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 84.64 366.60 Td (domain.) Tj ET Q q 0 0 0 rg BT 121.95 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 130.59 366.60 Td (e ) Tj ET Q q 0 0 0 rg BT 137.95 366.60 Td (also ) Tj ET Q q 0 0 0 rg BT 156.98 366.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 191.56 366.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 236.14 366.60 Td (on ) Tj ET Q q 0 0 0 rg BT 249.06 366.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 279.74 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.10 366.60 Td (other ) Tj ET Q q 0 0 0 rg BT 320.58 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 334.06 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 351.42 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.11 366.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 398.36 366.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 425.16 366.60 Td (inhabited ) Tj ET Q q 0 0 0 rg BT 465.30 366.60 Td (by ) Tj ET Q q 0 0 0 rg BT 478.22 366.60 Td (species ) Tj ET Q q 0 0 0 rg BT 510.02 366.60 Td (that ) Tj ET Q q 0 0 0 rg BT 527.94 366.60 Td (could ) Tj ET Q q 0 0 0 rg BT 553.08 366.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (listed ) Tj ET Q q 0 0 0 rg BT 73.63 354.60 Td (as ) Tj ET Q q 0 0 0 rg BT 84.42 354.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 128.52 354.60 Td (or ) Tj ET Q q 0 0 0 rg BT 139.32 354.60 Td (endangered ) Tj ET Q q 0 0 0 rg BT 187.86 354.60 Td (under ) Tj ET Q q 0 0 0 rg BT 213.09 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.77 354.60 Td (Endangered ) Tj ET Q q 0 0 0 rg BT 277.99 354.60 Td (Species ) Tj ET Q q 0 0 0 rg BT 310.45 354.60 Td (Act, ) Tj ET Q q 0 0 0 rg BT 329.85 354.60 Td (which ) Tj ET Q q 0 0 0 rg BT 356.76 354.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 384.22 354.60 Td (could ) Tj ET Q q 0 0 0 rg BT 408.90 354.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 428.02 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 438.26 354.60 Td (tighter ) Tj ET Q q 0 0 0 rg BT 466.83 354.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 513.72 354.60 Td (as ) Tj ET Q q 0 0 0 rg BT 524.52 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 534.76 354.60 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (land ) Tj ET Q q 0 0 0 rg BT 69.03 342.60 Td (use ) Tj ET Q q 0 0 0 rg BT 84.67 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 101.42 342.60 Td (other ) Tj ET Q q 0 0 0 rg BT 124.28 342.60 Td (land ) Tj ET Q q 0 0 0 rg BT 143.81 342.60 Td (use ) Tj ET Q q 0 0 0 rg BT 159.45 342.60 Td (where ) Tj ET Q q 0 0 0 rg BT 186.19 342.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 216.26 342.60 Td (approvals ) Tj ET Q q 0 0 0 rg BT 257.45 342.60 Td (are ) Tj ET Q q 0 0 0 rg BT 271.97 342.60 Td (required.) Tj ET Q q 0 0 0 rg BT 312.60 342.60 Td (These ) Tj ET Q q 0 0 0 rg BT 338.79 342.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 359.43 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.18 342.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 425.43 342.60 Td (together ) Tj ET Q q 0 0 0 rg BT 460.50 342.60 Td (with ) Tj ET Q q 0 0 0 rg BT 480.59 342.60 Td (any ) Tj ET Q q 0 0 0 rg BT 497.34 342.60 Td (other ) Tj ET Q q 0 0 0 rg BT 520.20 342.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.72 342.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (law ) Tj ET Q q 0 0 0 rg BT 66.64 330.60 Td (related ) Tj ET Q q 0 0 0 rg BT 96.55 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 107.03 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.95 330.60 Td (use ) Tj ET Q q 0 0 0 rg BT 137.99 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.02 330.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 183.94 330.60 Td (domain ) Tj ET Q q 0 0 0 rg BT 216.64 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 227.67 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.59 330.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 270.30 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.33 330.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 311.24 330.60 Td (species ) Tj ET Q q 0 0 0 rg BT 342.82 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 353.86 330.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 398.20 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 409.23 330.60 Td (endangered, ) Tj ET Q q 0 0 0 rg BT 460.52 330.60 Td (could ) Tj ET Q q 0 0 0 rg BT 485.44 330.60 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 514.26 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 525.29 330.60 Td (eliminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 64.27 318.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 91.27 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.49 318.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 127.46 318.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 183.34 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 193.11 318.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 233.43 318.60 Td (access ) Tj ET Q q 0 0 0 rg BT 260.41 318.60 Td (land ) Tj ET Q q 0 0 0 rg BT 279.06 318.60 Td (for ) Tj ET Q q 0 0 0 rg BT 292.17 318.60 Td (current ) Tj ET Q q 0 0 0 rg BT 321.92 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 331.70 318.60 Td (future ) Tj ET Q q 0 0 0 rg BT 357.01 318.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 390.67 318.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 441.54 318.60 Td (projects.) Tj ET Q q 0 0 0 rg BT 480.15 318.60 Td (As ) Tj ET Q q 0 0 0 rg BT 492.70 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.58 318.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 524.74 318.60 Td (obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 106.61 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 117.62 306.60 Td (other ) Tj ET Q q 0 0 0 rg BT 140.85 306.60 Td (means ) Tj ET Q q 0 0 0 rg BT 169.08 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.09 306.60 Td (access ) Tj ET Q q 0 0 0 rg BT 208.31 306.60 Td (may ) Tj ET Q q 0 0 0 rg BT 228.21 306.60 Td (require ) Tj ET Q q 0 0 0 rg BT 259.21 306.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.88 306.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 345.66 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.78 306.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 423.22 306.60 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 474.49 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.61 306.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 532.05 306.60 Td (costs ) 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 (connection ) Tj ET Q q 0 0 0 rg BT 95.83 294.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 138.55 294.60 Td (which ) Tj ET Q q 0 0 0 rg BT 165.45 294.60 Td (could ) Tj ET Q q 0 0 0 rg BT 190.13 294.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 214.24 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 230.03 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 243.92 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 249.63 294.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 284.30 294.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 336.19 294.60 Td (schedule ) Tj ET Q q 0 0 0 rg BT 373.63 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 390.53 294.60 Td (initiation ) Tj ET Q q 0 0 0 rg BT 429.10 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.89 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 455.67 294.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 490.34 294.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 536.96 294.60 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.04 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.04 282.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 122.82 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.93 282.60 Td (constructing ) Tj ET Q q 0 0 0 rg BT 186.15 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.26 282.60 Td (pipelines. ) Tj ET Q q 0 0 0 rg BT 243.64 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 246.43 282.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 281.98 282.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 316.42 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 331.41 282.60 Td (also ) Tj ET Q q 0 0 0 rg BT 350.30 282.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 381.41 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 391.97 282.60 Td (heightened ) Tj ET Q q 0 0 0 rg BT 438.62 282.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 464.73 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.84 282.60 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 510.84 282.60 Td (as ) Tj ET Q q 0 0 0 rg BT 521.95 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 529.17 282.60 Td (result ) Tj ET Q q 0 0 0 rg BT 554.17 282.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (public ) Tj ET Q q 0 0 0 rg BT 76.64 270.60 Td (opposition ) Tj ET Q q 0 0 0 rg BT 121.00 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 130.92 270.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 164.72 270.60 Td (like ) Tj ET Q q 0 0 0 rg BT 181.85 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.21 270.60 Td (Keystone ) Tj ET Q q 0 0 0 rg BT 236.12 270.60 Td (XL) Tj ET Q q 0 0 0 rg BT 249.08 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 251.22 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.79 270.60 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 298.34 270.60 Td (Access ) Tj ET Q q 0 0 0 rg BT 328.80 270.60 Td (pipelines. ) Tj ET Q q 0 0 0 rg BT 369.54 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 371.53 270.60 Td (This ) Tj ET Q q 0 0 0 rg BT 391.45 270.60 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 425.80 270.60 Td (has ) Tj ET Q q 0 0 0 rg BT 441.27 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.63 270.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 492.76 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 502.68 270.60 Td (result ) Tj ET Q q 0 0 0 rg BT 527.04 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 536.96 270.60 Td (delays ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.06 258.60 Td (permitting, ) Tj ET Q q 0 0 0 rg BT 105.00 258.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 144.53 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.75 258.60 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 203.08 258.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 262.62 258.60 Td (review ) Tj ET Q q 0 0 0 rg BT 291.60 258.60 Td (for ) Tj ET Q q 0 0 0 rg BT 305.04 258.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 339.03 258.60 Td (projects, ) Tj ET Q q 0 0 0 rg BT 374.97 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 391.19 258.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 429.08 258.60 Td (challenges ) Tj ET Q q 0 0 0 rg BT 473.06 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 482.62 258.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 525.49 258.60 Td (agencies) Tj ET Q q 0 0 0 rg BT 562.50 258.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 108.65 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 119.48 246.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 154.19 246.60 Td (projects.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.48 222.60 Td (futur) Tj ET Q q 0 0 0 rg BT 91.52 222.60 Td (e ) Tj ET Q q 0 0 0 rg BT 98.33 222.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 155.69 222.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 193.08 222.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 217.14 222.60 Td (our) Tj ET Q q 0 0 0 rg BT 231.96 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.34 222.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 263.94 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 222.60 Td (effectively ) Tj ET Q q 0 0 0 rg BT 320.33 222.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 355.49 222.60 Td (our) Tj ET Q q 0 0 0 rg BT 370.31 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 372.68 222.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 407.84 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.77 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 439.28 222.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.32 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 489.59 222.60 Td (r) Tj ET Q q 0 0 0 rg BT 493.85 222.60 Td (eserves ) Tj ET Q q 0 0 0 rg BT 526.77 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 545.27 222.60 Td (find ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (or) Tj ET Q q 0 0 0 rg BT 58.76 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 61.26 210.60 Td (acquir) Tj ET Q q 0 0 0 rg BT 88.86 210.60 Td (e ) Tj ET Q q 0 0 0 rg BT 95.79 210.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 141.64 210.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.70 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.32 210.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 207.49 210.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.88 210.60 Td (r) Tj ET Q q 0 0 0 rg BT 228.14 210.60 Td (eserves ) Tj ET Q q 0 0 0 rg BT 261.18 210.60 Td (that ) Tj ET Q q 0 0 0 rg BT 280.90 210.60 Td (ar) Tj ET Q q 0 0 0 rg BT 290.16 210.60 Td (e ) Tj ET Q q 0 0 0 rg BT 297.10 210.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 355.14 210.60 Td (r) Tj ET Q q 0 0 0 rg BT 359.40 210.60 Td (ecoverable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.60 Td (Unless ) Tj ET Q q 0 0 0 rg BT 96.40 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 109.74 186.60 Td (can ) Tj ET Q q 0 0 0 rg BT 125.29 186.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 175.84 186.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 209.18 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 224.18 186.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 257.53 186.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 291.96 186.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 319.19 186.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 349.73 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.62 186.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 398.06 186.60 Td (that ) Tj ET Q q 0 0 0 rg BT 414.73 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 428.07 186.60 Td (produce, ) Tj ET Q q 0 0 0 rg BT 464.45 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 479.46 186.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 513.89 186.60 Td (will ) Tj ET Q q 0 0 0 rg BT 531.13 186.60 Td (decline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.86 174.60 Td (eventually ) Tj ET Q q 0 0 0 rg BT 130.88 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.03 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 147.83 174.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 184.62 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 194.76 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.69 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.50 174.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 254.63 174.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 270.33 174.60 Td (production ) Tj ET Q q 0 0 0 rg BT 316.02 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.83 174.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 357.96 174.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 395.87 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.67 174.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.81 174.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 457.40 174.60 Td (from ) Tj ET Q q 0 0 0 rg BT 479.21 174.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 528.18 174.60 Td (W) Tj ET Q q 0 0 0 rg BT 536.82 174.60 Td (e ) Tj ET Q q 0 0 0 rg BT 543.63 174.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 98.76 162.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 136.88 162.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 173.91 162.60 Td (through ) Tj ET Q q 0 0 0 rg BT 209.28 162.60 Td (both ) Tj ET Q q 0 0 0 rg BT 231.32 162.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 283.36 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 302.07 162.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.87 162.60 Td (or) Tj ET Q q 0 0 0 rg BT 345.02 162.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 370.94 162.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 403.54 162.60 Td (activities.For ) Tj ET Q q 0 0 0 rg BT 465.29 162.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 500.10 162.60 Td (or) Tj ET Q q 0 0 0 rg BT 508.25 162.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 534.17 162.60 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (activities, ) Tj ET Q q 0 0 0 rg BT 90.50 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.12 150.60 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 149.74 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 150.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 190.65 150.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 225.81 150.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.21 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 257.27 150.60 Td (can ) Tj ET Q q 0 0 0 rg BT 273.55 150.60 Td (book ) Tj ET Q q 0 0 0 rg BT 295.96 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.14 150.60 Td (any ) Tj ET Q q 0 0 0 rg BT 322.98 150.60 Td (given ) Tj ET Q q 0 0 0 rg BT 347.60 150.60 Td (year ) Tj ET Q q 0 0 0 rg BT 367.21 150.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 402.38 150.60 Td (on ) Tj ET Q q 0 0 0 rg BT 414.79 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 430.52 150.60 Td (progress ) Tj ET Q q 0 0 0 rg BT 466.81 150.60 Td (with ) Tj ET Q q 0 0 0 rg BT 486.99 150.60 Td (new ) Tj ET Q q 0 0 0 rg BT 506.05 150.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 533.46 150.60 Td (and ) 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 (timing ) Tj ET Q q 0 0 0 rg BT 78.32 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 89.36 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.29 138.60 Td (production ) Tj ET Q q 0 0 0 rg BT 150.32 138.60 Td (response, ) Tj ET Q q 0 0 0 rg BT 190.52 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 201.56 138.60 Td (well ) Tj ET Q q 0 0 0 rg BT 221.49 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 232.52 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.45 138.60 Td (success ) Tj ET Q q 0 0 0 rg BT 280.15 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.19 138.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 341.67 138.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 378.53 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 381.24 138.60 Td (In ) Tj ET Q q 0 0 0 rg BT 392.28 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.20 138.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 436.29 138.60 Td (we ) Tj ET Q q 0 0 0 rg BT 450.66 138.60 Td (may ) Tj ET Q q 0 0 0 rg BT 470.58 138.60 Td (not ) Tj ET Q q 0 0 0 rg BT 486.07 138.60 Td (be ) Tj ET Q q 0 0 0 rg BT 498.22 138.60 Td (able ) Tj ET Q q 0 0 0 rg BT 517.58 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 528.07 138.60 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 126.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 91.63 126.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 127.14 126.60 Td (at ) Tj ET Q q 0 0 0 rg BT 137.10 126.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 182.03 126.60 Td (costs.) Tj ET Q q 0 0 0 rg BT 209.35 126.60 Td (The ) Tj ET Q q 0 0 0 rg BT 227.64 126.60 Td (business ) Tj ET Q q 0 0 0 rg BT 264.28 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 275.36 126.60 Td (exploring ) Tj ET Q q 0 0 0 rg BT 316.43 126.60 Td (for) Tj ET Q q 0 0 0 rg BT 327.69 126.60 Td (, ) Tj ET Q q 0 0 0 rg BT 332.93 126.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 380.11 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 391.19 126.60 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 431.70 126.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 467.20 126.60 Td (is ) Tj ET Q q 0 0 0 rg BT 476.62 126.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 506.01 126.60 Td (intensive.) Tj ET Q q 0 0 0 rg BT 549.44 126.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 126.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (may ) Tj ET Q q 0 0 0 rg BT 69.08 114.60 Td (not ) Tj ET Q q 0 0 0 rg BT 84.22 114.60 Td (be ) Tj ET Q q 0 0 0 rg BT 96.02 114.60 Td (able ) Tj ET Q q 0 0 0 rg BT 115.03 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.17 114.60 Td (make ) Tj ET Q q 0 0 0 rg BT 149.19 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 163.77 114.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 204.99 114.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.00 114.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 280.25 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.39 114.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 327.74 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 338.43 114.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 369.67 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 385.36 114.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 398.27 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.07 114.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 445.20 114.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 460.89 114.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 496.01 114.60 Td (if ) Tj ET Q q 0 0 0 rg BT 504.48 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 520.17 114.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.30 114.60 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 72.03 102.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.77 102.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 154.29 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 165.16 102.60 Td (be ) Tj ET Q q 0 0 0 rg BT 177.69 102.60 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 214.92 102.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 250.22 102.60 Td (due ) Tj ET Q q 0 0 0 rg BT 267.74 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 278.61 102.60 Td (current ) Tj ET Q q 0 0 0 rg BT 310.01 102.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 323.66 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 335.08 102.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 365.93 102.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 382.35 102.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 409.31 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 420.73 102.60 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 465.20 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 476.61 102.60 Td (if ) Tj ET Q q 0 0 0 rg BT 485.81 102.60 Td (external ) Tj ET Q q 0 0 0 rg BT 521.10 102.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 554.18 102.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.68 90.60 Td (become ) Tj ET Q q 0 0 0 rg BT 114.31 90.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 146.18 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 158.04 90.60 Td (unavailable.Further) Tj ET Q q 0 0 0 rg BT 240.67 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 246.70 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.45 90.60 Td (process ) Tj ET Q q 0 0 0 rg BT 295.98 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 307.84 90.60 Td (using ) Tj ET Q q 0 0 0 rg BT 333.05 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 346.94 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.19 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 353.72 90.60 Td (for ) Tj ET Q q 0 0 0 rg BT 368.92 90.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 401.32 90.60 Td (recovery) Tj ET Q q 0 0 0 rg BT 435.65 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 441.68 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.65 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 475.41 90.60 Td (related ) Tj ET Q q 0 0 0 rg BT 506.14 90.60 Td (infrastructure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 85.71 78.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 131.92 78.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 162.56 78.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 210.44 78.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 233.88 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 245.66 78.60 Td (any ) Tj ET Q q 0 0 0 rg BT 264.09 78.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 303.09 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 321.52 78.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 366.61 78.60 Td (production ) Tj ET Q q 0 0 0 rg BT 413.94 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.37 78.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.14 78.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 480.36 78.60 Td (from ) Tj ET Q q 0 0 0 rg BT 503.80 78.60 Td (these ) Tj ET Q q 0 0 0 rg BT 528.34 78.60 Td (projects, ) 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 (heightening ) Tj ET Q q 0 0 0 rg BT 98.98 726.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 136.24 726.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 165.16 726.60 Td (constraints.If ) Tj ET Q q 0 0 0 rg BT 224.91 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 240.51 726.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 269.43 726.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 322.79 726.60 Td (are ) Tj ET Q q 0 0 0 rg BT 337.26 726.60 Td (restricted, ) Tj ET Q q 0 0 0 rg BT 379.23 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 389.83 726.60 Td (if ) Tj ET Q q 0 0 0 rg BT 398.21 726.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 429.36 726.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 458.28 726.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 498.31 726.60 Td (become ) Tj ET Q q 0 0 0 rg BT 531.67 726.60 Td (limited, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 714.60 Td (will ) Tj ET Q q 0 0 0 rg BT 81.72 714.60 Td (not ) Tj ET Q q 0 0 0 rg BT 97.00 714.60 Td (be ) Tj ET Q q 0 0 0 rg BT 108.93 714.60 Td (able ) Tj ET Q q 0 0 0 rg BT 128.09 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.37 714.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 175.86 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 191.69 714.60 Td (current ) Tj ET Q q 0 0 0 rg BT 222.50 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 268.33 714.60 Td (levels.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 102.55 690.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 147.82 690.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 189.74 690.60 Td (may ) Tj ET Q q 0 0 0 rg BT 210.57 690.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 241.40 690.60 Td (us ) Tj ET Q q 0 0 0 rg BT 253.36 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.19 690.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 304.47 690.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.19 690.60 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 666.60 Td (o ) Tj ET Q q 0 0 0 rg BT 80.72 666.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 110.17 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.31 666.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 165.21 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.80 666.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 225.81 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.40 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.42 666.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 278.11 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.24 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 302.61 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.85 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 350.42 666.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 369.06 666.60 Td (we ) Tj ET Q q 0 0 0 rg BT 383.53 666.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 406.32 666.60 Td (into ) Tj ET Q q 0 0 0 rg BT 424.68 666.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 473.04 666.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 515.83 666.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 554.73 666.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (order ) Tj ET Q q 0 0 0 rg BT 73.72 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.61 654.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 141.59 654.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 168.59 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.14 654.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 208.15 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.59 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 236.04 654.60 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 280.24 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 293.91 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 311.47 654.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 342.35 654.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 358.80 654.60 Td (production.) Tj ET Q q 0 0 0 rg BT 409.07 654.60 Td (As ) Tj ET Q q 0 0 0 rg BT 423.30 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.75 654.60 Td (February ) Tj ET Q q 0 0 0 rg BT 473.96 654.60 Td (21, ) Tj ET Q q 0 0 0 rg BT 489.58 654.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 515.20 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 529.97 654.60 Td (have ) Tj ET Q q 0 0 0 rg BT 551.97 654.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 92.62 642.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.85 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.76 642.60 Td (place ) Tj ET Q q 0 0 0 rg BT 167.00 642.60 Td (covering ) Tj ET Q q 0 0 0 rg BT 205.12 642.60 Td (40,500 ) Tj ET Q q 0 0 0 rg BT 235.75 642.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 265.01 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 279.81 642.60 Td (2018, ) Tj ET Q q 0 0 0 rg BT 305.44 642.60 Td (8,500 ) Tj ET Q q 0 0 0 rg BT 331.08 642.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 360.34 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.13 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 390.49 642.60 Td (first ) Tj ET Q q 0 0 0 rg BT 409.73 642.60 Td (half ) Tj ET Q q 0 0 0 rg BT 428.42 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.89 642.60 Td (2019 ) Tj ET Q q 0 0 0 rg BT 463.02 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.60 642.60 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 506.24 642.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 535.49 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 642.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (second ) Tj ET Q q 0 0 0 rg BT 79.67 630.60 Td (half ) Tj ET Q q 0 0 0 rg BT 97.61 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.34 630.60 Td (2019. ) Tj ET Q q 0 0 0 rg BT 133.24 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.64 630.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 158.04 630.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 200.42 630.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 238.91 630.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 269.08 630.60 Td (us ) Tj ET Q q 0 0 0 rg BT 280.37 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.55 630.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 307.95 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.67 630.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 356.05 630.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 374.01 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 384.19 630.60 Td (some ) Tj ET Q q 0 0 0 rg BT 407.70 630.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 469.24 630.60 Td (including ) Tj ET Q q 0 0 0 rg BT 509.41 630.60 Td (when ) Tj ET Q q 0 0 0 rg BT 533.47 630.60 Td (there ) Tj ET Q q 0 0 0 rg BT 555.85 630.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 56.33 618.60 Td (change ) Tj ET Q q 0 0 0 rg BT 87.03 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 97.20 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.80 618.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 149.72 618.60 Td (dif) Tj ET Q q 0 0 0 rg BT 160.65 618.60 Td (ferential ) Tj ET Q q 0 0 0 rg BT 196.35 618.60 Td (between ) Tj ET Q q 0 0 0 rg BT 232.05 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.65 618.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 292.37 618.60 Td (price ) Tj ET Q q 0 0 0 rg BT 314.74 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.91 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.51 618.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 374.11 618.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 418.14 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 434.97 618.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 461.23 618.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 487.49 618.60 Td (received, ) Tj ET Q q 0 0 0 rg BT 526.24 618.60 Td (when ) Tj ET Q q 0 0 0 rg BT 550.29 618.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.87 606.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 100.24 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 122.28 606.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 152.65 606.60 Td (including ) Tj ET Q q 0 0 0 rg BT 193.03 606.60 Td (a ) Tj ET Q q 0 0 0 rg BT 200.07 606.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 219.34 606.60 Td (put ) Tj ET Q q 0 0 0 rg BT 234.72 606.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.99 606.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 274.92 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.31 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.13 606.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 327.16 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 340.32 606.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 366.80 606.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 382.73 606.60 Td (below ) Tj ET Q q 0 0 0 rg BT 409.77 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.59 606.60 Td (price ) Tj ET Q q 0 0 0 rg BT 447.18 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.11 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 474.04 606.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 493.31 606.60 Td (puts, ) Tj ET Q q 0 0 0 rg BT 515.09 606.60 Td (or ) Tj ET Q q 0 0 0 rg BT 526.02 606.60 Td (when ) Tj ET Q q 0 0 0 rg BT 550.28 606.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 103.19 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 114.13 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.51 594.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 172.65 594.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 208.01 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 217.84 594.60 Td (financially ) Tj ET Q q 0 0 0 rg BT 263.76 594.60 Td (constrained ) Tj ET Q q 0 0 0 rg BT 313.02 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 330.62 594.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 365.43 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 378.59 594.60 Td (its ) Tj ET Q q 0 0 0 rg BT 391.20 594.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 438.78 594.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 488.89 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.05 594.60 Td (In ) Tj ET Q q 0 0 0 rg BT 503.54 594.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 541.97 594.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 91.98 582.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 130.57 582.60 Td (may ) Tj ET Q q 0 0 0 rg BT 150.29 582.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 171.68 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 186.40 582.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 216.66 582.60 Td (we ) Tj ET Q q 0 0 0 rg BT 230.82 582.60 Td (would ) Tj ET Q q 0 0 0 rg BT 258.32 582.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 299.70 582.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 331.06 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 353.00 582.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 392.15 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 402.42 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.14 582.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 443.52 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 457.68 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 470.74 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.67 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 517.94 582.60 Td (gas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (Shortages ) Tj ET Q q 0 0 0 rg BT 93.74 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.08 558.60 Td (or) Tj ET Q q 0 0 0 rg BT 113.34 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.35 558.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 144.04 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 154.39 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.73 558.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 219.53 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.88 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 242.45 558.60 Td (field ) Tj ET Q q 0 0 0 rg BT 263.35 558.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 313.42 558.60 Td (services ) Tj ET Q q 0 0 0 rg BT 348.75 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.89 558.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 406.69 558.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 450.38 558.60 Td (could ) Tj ET Q q 0 0 0 rg BT 475.73 558.60 Td (r) Tj ET Q q 0 0 0 rg BT 479.99 558.60 Td (educe ) Tj ET Q q 0 0 0 rg BT 506.44 558.60 Td (our) Tj ET Q q 0 0 0 rg BT 521.26 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.27 558.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.18 558.60 Td (flow ) Tj ET Q BT /F2 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 68.12 546.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 111.17 546.60 Td (affect ) Tj ET Q q 0 0 0 rg BT 137.54 546.60 Td (r) Tj ET Q q 0 0 0 rg BT 141.79 546.60 Td (esults ) Tj ET Q q 0 0 0 rg BT 168.19 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.02 546.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.22 522.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 119.06 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 132.89 522.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 170.61 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.23 522.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 237.70 522.60 Td (field ) Tj ET Q q 0 0 0 rg BT 258.21 522.60 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 301.76 522.60 Td (geologists, ) Tj ET Q q 0 0 0 rg BT 346.99 522.60 Td (geophysicists, ) Tj ET Q q 0 0 0 rg BT 405.56 522.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 446.05 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.66 522.60 Td (other ) Tj ET Q q 0 0 0 rg BT 485.39 522.60 Td (professionals ) Tj ET Q q 0 0 0 rg BT 540.33 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 522.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.66 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 77.70 510.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 107.07 510.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.00 510.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 156.39 510.60 Td (can ) Tj ET Q q 0 0 0 rg BT 171.87 510.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 208.45 510.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 257.79 510.60 Td (, ) Tj ET Q q 0 0 0 rg BT 261.90 510.60 Td (often ) Tj ET Q q 0 0 0 rg BT 284.05 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.43 510.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 338.35 510.60 Td (with ) Tj ET Q q 0 0 0 rg BT 357.73 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 369.89 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 385.93 510.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 415.30 510.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 430.23 510.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 458.21 510.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 490.36 510.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 524.73 510.60 Td (shortages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.09 498.60 Td (such ) Tj ET Q q 0 0 0 rg BT 81.23 498.60 Td (personnel.In ) Tj ET Q q 0 0 0 rg BT 138.74 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.77 498.60 Td (past, ) Tj ET Q q 0 0 0 rg BT 175.19 498.60 Td (during ) Tj ET Q q 0 0 0 rg BT 204.10 498.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 236.35 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.49 498.60 Td (high ) Tj ET Q q 0 0 0 rg BT 268.08 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 281.44 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.69 498.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 329.26 498.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 345.40 498.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 374.59 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 389.06 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 410.74 498.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 461.85 498.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 502.43 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 513.57 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 526.94 498.60 Td (field ) Tj ET Q q 0 0 0 rg BT 548.07 498.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (other ) Tj ET Q q 0 0 0 rg BT 74.05 486.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 116.93 486.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 165.64 486.60 Td (including ) Tj ET Q q 0 0 0 rg BT 207.42 486.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 240.87 486.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 262.38 486.60 Td (along ) Tj ET Q q 0 0 0 rg BT 288.60 486.60 Td (with ) Tj ET Q q 0 0 0 rg BT 310.38 486.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 352.14 486.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 380.03 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 395.69 486.60 Td (such ) Tj ET Q q 0 0 0 rg BT 418.03 486.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 466.75 486.60 Td (services ) Tj ET Q q 0 0 0 rg BT 502.96 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.40 486.60 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (personnel.) Tj ET Q q 0 0 0 rg BT 95.70 474.60 Td (These ) Tj ET Q q 0 0 0 rg BT 122.68 474.60 Td (types ) Tj ET Q q 0 0 0 rg BT 146.89 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.32 474.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 199.19 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 210.63 474.60 Td (price ) Tj ET Q q 0 0 0 rg BT 233.71 474.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 273.46 474.60 Td (could ) Tj ET Q q 0 0 0 rg BT 298.78 474.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 351.88 474.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 389.39 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 405.83 474.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 431.15 474.60 Td (mar) Tj ET Q q 0 0 0 rg BT 446.51 474.60 Td (gin, ) Tj ET Q q 0 0 0 rg BT 464.89 474.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 485.76 474.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 507.20 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 474.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (results ) Tj ET Q q 0 0 0 rg BT 78.15 462.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 106.24 462.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 136.55 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 147.42 462.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 171.62 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.49 462.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 215.59 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 225.91 462.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 245.12 462.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 268.77 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.75 462.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 319.95 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.82 462.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 382.52 462.60 Td (possibly ) Tj ET Q q 0 0 0 rg BT 418.40 462.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 451.49 462.60 Td (us ) Tj ET Q q 0 0 0 rg BT 462.93 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.25 462.60 Td (miss ) Tj ET Q q 0 0 0 rg BT 494.13 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 510.00 462.60 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 548.08 462.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (projections.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 426.60 Td (marketability ) Tj ET Q q 0 0 0 rg BT 128.56 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.92 426.60 Td (our) Tj ET Q q 0 0 0 rg BT 153.74 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 155.78 426.60 Td (pr) Tj ET Q q 0 0 0 rg BT 165.59 426.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 204.86 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 213.56 426.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 260.05 426.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 283.76 426.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 348.02 426.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 369.50 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.66 426.60 Td (other) Tj ET Q q 0 0 0 rg BT 410.24 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 412.28 426.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 452.35 426.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 484.37 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.73 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 522.33 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 536.02 426.60 Td (do ) Tj ET Q q 0 0 0 rg BT 548.61 426.60 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (contr) Tj ET Q q 0 0 0 rg BT 72.09 414.60 Td (ol. ) Tj ET Q q 0 0 0 rg BT 84.87 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 87.19 414.60 Td (When ) Tj ET Q q 0 0 0 rg BT 115.25 414.60 Td (these ) Tj ET Q q 0 0 0 rg BT 139.41 414.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 177.45 414.60 Td (ar) Tj ET Q q 0 0 0 rg BT 186.71 414.60 Td (e ) Tj ET Q q 0 0 0 rg BT 193.65 414.60 Td (unavailable, ) Tj ET Q q 0 0 0 rg BT 248.10 414.60 Td (our) Tj ET Q q 0 0 0 rg BT 262.92 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 265.42 414.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 312.92 414.60 Td (can ) Tj ET Q q 0 0 0 rg BT 330.42 414.60 Td (be ) Tj ET Q q 0 0 0 rg BT 342.92 414.60 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 394.86 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.48 414.60 Td (our) Tj ET Q q 0 0 0 rg BT 428.30 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.80 414.60 Td (r) Tj ET Q q 0 0 0 rg BT 435.06 414.60 Td (evenues ) Tj ET Q q 0 0 0 rg BT 470.89 414.60 Td (r) Tj ET Q q 0 0 0 rg BT 475.15 414.60 Td (educed.) 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 86.35 390.60 Td (marketability ) Tj ET Q q 0 0 0 rg BT 142.96 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.59 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.22 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 185.08 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.82 390.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.88 390.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 250.51 390.60 Td (production ) Tj ET Q q 0 0 0 rg BT 297.13 390.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 335.70 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 346.78 390.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 368.13 390.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 391.43 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.94 390.60 Td (availability) Tj ET Q q 0 0 0 rg BT 451.28 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 457.08 390.60 Td (proximity ) Tj ET Q q 0 0 0 rg BT 499.82 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 517.56 390.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 554.17 390.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 107.88 378.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 129.61 378.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 159.10 378.60 Td (by ) Tj ET Q q 0 0 0 rg BT 171.94 378.60 Td (third ) Tj ET Q q 0 0 0 rg BT 193.67 378.60 Td (parties. ) Tj ET Q q 0 0 0 rg BT 225.66 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.50 378.60 Td (In ) Tj ET Q q 0 0 0 rg BT 239.67 378.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 274.43 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 288.93 378.60 Td (do ) Tj ET Q q 0 0 0 rg BT 301.77 378.60 Td (not ) Tj ET Q q 0 0 0 rg BT 317.38 378.60 Td (control ) Tj ET Q q 0 0 0 rg BT 348.55 378.60 Td (these ) Tj ET Q q 0 0 0 rg BT 371.93 378.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 430.31 378.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 470.08 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.36 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 503.53 378.60 Td (access ) Tj ET Q q 0 0 0 rg BT 531.90 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 542.52 378.60 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (may ) Tj ET Q q 0 0 0 rg BT 68.54 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 79.80 366.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 109.95 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 120.10 366.60 Td (denied. ) Tj ET Q q 0 0 0 rg BT 151.08 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.50 366.60 Td (A) Tj ET Q q 0 0 0 rg BT 159.17 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.99 366.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 205.02 366.60 Td (disruption ) Tj ET Q q 0 0 0 rg BT 247.40 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.00 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 366.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 317.84 366.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 330.49 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.75 366.60 Td (access ) Tj ET Q q 0 0 0 rg BT 374.11 366.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 386.21 366.60 Td (these ) Tj ET Q q 0 0 0 rg BT 408.58 366.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 465.94 366.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 486.65 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 496.80 366.60 Td (other ) Tj ET Q q 0 0 0 rg BT 519.17 366.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.34 354.60 Td (could ) Tj ET Q q 0 0 0 rg BT 110.96 354.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 151.69 354.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 181.31 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.05 354.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 225.01 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.19 354.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 265.37 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.55 354.60 Td (market ) Tj ET Q q 0 0 0 rg BT 305.73 354.60 Td (or ) Tj ET Q q 0 0 0 rg BT 316.46 354.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 351.08 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 366.82 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 379.78 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.63 354.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 429.03 354.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 453.64 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 460.49 354.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 505.11 354.60 Td (interruption ) Tj ET Q q 0 0 0 rg BT 554.73 354.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 342.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 318.60 Td (pr) Tj ET Q q 0 0 0 rg BT 79.42 318.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 119.15 318.60 Td (will ) Tj ET Q q 0 0 0 rg BT 137.21 318.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 169.70 318.60 Td (if ) Tj ET Q q 0 0 0 rg BT 178.31 318.60 Td (our) Tj ET Q q 0 0 0 rg BT 193.13 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 195.63 318.60 Td (access ) Tj ET Q q 0 0 0 rg BT 224.23 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.06 318.60 Td (sufficient ) Tj ET Q q 0 0 0 rg BT 277.00 318.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 316.17 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.00 318.60 Td (carbon ) Tj ET Q q 0 0 0 rg BT 359.50 318.60 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 393.12 318.60 Td (is ) Tj ET Q q 0 0 0 rg BT 402.29 318.60 Td (limited.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.72 294.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 125.83 294.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 159.15 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 167.50 294.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.38 294.60 Td (focused ) Tj ET Q q 0 0 0 rg BT 239.15 294.60 Td (on ) Tj ET Q q 0 0 0 rg BT 250.82 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 265.82 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 279.71 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.96 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.63 294.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 315.18 294.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 351.83 294.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 397.65 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 399.20 294.60 Td (The ) Tj ET Q q 0 0 0 rg BT 416.42 294.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 440.30 294.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 452.53 294.60 Td (production ) Tj ET Q q 0 0 0 rg BT 497.52 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 518.63 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 533.63 294.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 88.20 282.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 123.59 282.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 162.58 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 174.09 282.60 Td (lar) Tj ET Q q 0 0 0 rg BT 184.46 282.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 197.62 282.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 219.40 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 233.13 282.60 Td (having ) Tj ET Q q 0 0 0 rg BT 264.07 282.60 Td (access ) Tj ET Q q 0 0 0 rg BT 293.34 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 304.84 282.60 Td (suf) Tj ET Q q 0 0 0 rg BT 316.88 282.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 346.15 282.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 383.77 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.83 282.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 435.10 282.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 477.14 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.31 282.60 Td (industrial-source ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 270.60 Td (.Our ) Tj ET Q q 0 0 0 rg BT 91.55 270.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 118.95 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.58 270.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 162.64 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 175.05 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 196.34 270.60 Td (these ) Tj ET Q q 0 0 0 rg BT 218.74 270.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 252.25 270.60 Td (would ) Tj ET Q q 0 0 0 rg BT 279.10 270.60 Td (be ) Tj ET Q q 0 0 0 rg BT 290.40 270.60 Td (hindered ) Tj ET Q q 0 0 0 rg BT 327.23 270.60 Td (if ) Tj ET Q q 0 0 0 rg BT 335.20 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 350.38 270.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 378.90 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.08 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 402.98 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.23 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 408.08 270.60 Td (was ) Tj ET Q q 0 0 0 rg BT 425.48 270.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 455.67 270.60 Td (due ) Tj ET Q q 0 0 0 rg BT 471.96 270.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 484.09 270.60 Td (among ) Tj ET Q q 0 0 0 rg BT 513.16 270.60 Td (other ) Tj ET Q q 0 0 0 rg BT 535.56 270.60 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (problems ) Tj ET Q q 0 0 0 rg BT 89.26 258.60 Td (with ) Tj ET Q q 0 0 0 rg BT 109.59 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 125.47 258.60 Td (current ) Tj ET Q q 0 0 0 rg BT 156.33 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.22 257.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.47 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 176.02 258.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 219.12 258.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 242.77 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.76 258.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 299.23 258.60 Td (including ) Tj ET Q q 0 0 0 rg BT 339.56 258.60 Td (compression ) Tj ET Q q 0 0 0 rg BT 392.65 258.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 439.91 258.60 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 490.77 258.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 525.53 258.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 554.17 258.60 Td (or ) 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 66.23 246.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 95.18 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 106.36 246.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 163.63 246.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 202.56 246.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 216.46 245.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.71 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.10 246.60 Td (from ) Tj ET Q q 0 0 0 rg BT 245.94 246.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 287.12 246.60 Td (sources.) Tj ET Q q 0 0 0 rg BT 324.43 246.60 Td (This ) Tj ET Q q 0 0 0 rg BT 345.60 246.60 Td (could ) Tj ET Q q 0 0 0 rg BT 371.22 246.60 Td (have ) Tj ET Q q 0 0 0 rg BT 393.50 246.60 Td (a ) Tj ET Q q 0 0 0 rg BT 401.34 246.60 Td (material ) Tj ET Q q 0 0 0 rg BT 437.50 246.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 471.43 246.60 Td (ef) Tj ET Q q 0 0 0 rg BT 479.02 246.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 497.41 246.60 Td (on ) Tj ET Q q 0 0 0 rg BT 510.81 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 527.54 246.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 91.17 234.60 Td (results ) Tj ET Q q 0 0 0 rg BT 118.67 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 128.39 234.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.44 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.28 234.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.44 234.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 232.55 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.95 234.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 250.89 234.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 296.16 234.60 Td (future ) Tj ET Q q 0 0 0 rg BT 321.43 234.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 345.03 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.98 234.60 Td (production ) Tj ET Q q 0 0 0 rg BT 401.70 234.60 Td (from ) Tj ET Q q 0 0 0 rg BT 422.53 234.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 452.80 234.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 495.85 234.60 Td (is ) Tj ET Q q 0 0 0 rg BT 503.91 234.60 Td (also ) Tj ET Q q 0 0 0 rg BT 521.41 234.60 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.25 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 222.60 Td (timing, ) Tj ET Q q 0 0 0 rg BT 108.58 222.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 145.22 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.41 222.60 Td (location ) Tj ET Q q 0 0 0 rg BT 197.37 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.45 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 222.34 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.59 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.34 222.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 269.97 222.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 289.66 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 300.19 222.60 Td (particular) Tj ET Q q 0 0 0 rg BT 338.10 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 343.35 222.60 Td (on ) Tj ET Q q 0 0 0 rg BT 356.10 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.18 222.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 400.49 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 411.02 222.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 446.52 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 462.60 222.60 Td (combined ) Tj ET Q q 0 0 0 rg BT 504.78 222.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 548.07 222.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 89.35 210.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 125.88 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.86 210.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.75 209.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 156.65 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.73 210.60 Td (inject ) Tj ET Q q 0 0 0 rg BT 198.59 210.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 236.77 210.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 273.30 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 284.27 210.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 298.17 209.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.42 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.06 210.60 Td (into ) Tj ET Q q 0 0 0 rg BT 322.26 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.13 210.60 Td (proper ) Tj ET Q q 0 0 0 rg BT 365.87 210.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 407.95 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.03 210.60 Td (area ) Tj ET Q q 0 0 0 rg BT 444.32 210.60 Td (within ) Tj ET Q q 0 0 0 rg BT 472.53 210.60 Td (each ) Tj ET Q q 0 0 0 rg BT 493.49 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.46 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 520.44 210.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.96 210.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.60 Td (The ) Tj ET Q q 0 0 0 rg BT 84.96 174.60 Td (development ) Tj ET Q q 0 0 0 rg BT 138.53 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.78 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 164.03 174.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 201.49 174.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 241.72 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 255.61 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.86 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 260.78 174.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 292.69 174.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 328.49 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.63 174.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 373.99 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.24 174.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 407.27 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.96 174.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 451.63 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 467.99 174.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 496.56 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.70 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 524.59 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.84 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 529.76 174.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (available ) Tj ET Q q 0 0 0 rg BT 88.48 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 103.04 162.60 Td (use ) Tj ET Q q 0 0 0 rg BT 119.26 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.93 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 146.15 162.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 177.92 162.60 Td (fields. ) Tj ET Q q 0 0 0 rg BT 205.53 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.21 162.60 Td (These ) Tj ET Q q 0 0 0 rg BT 234.98 162.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 267.32 162.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 306.31 162.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.41 162.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 352.63 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.30 162.60 Td (many ) Tj ET Q q 0 0 0 rg BT 388.41 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.63 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.74 162.60 Td (same ) Tj ET Q q 0 0 0 rg BT 438.18 162.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 470.52 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.85 162.60 Td (geological ) Tj ET Q q 0 0 0 rg BT 532.39 162.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 554.18 162.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 82.00 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.50 150.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 143.11 150.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 156.73 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.23 150.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.62 150.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 214.79 150.60 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 233.95 150.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 249.79 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.85 150.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 300.36 150.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 317.32 150.60 Td (development ) Tj ET Q q 0 0 0 rg BT 370.91 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.97 150.60 Td (pr) Tj ET Q q 0 0 0 rg BT 397.49 150.60 Td (oducing ) Tj ET Q q 0 0 0 rg BT 432.77 150.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.61 150.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 510.54 150.60 Td (various ) Tj ET Q q 0 0 0 rg BT 543.61 150.60 Td (risks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 150.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (above\). ) Tj ET Q q 0 0 0 rg BT 80.80 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 82.40 138.60 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 136.48 138.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 162.50 138.60 Td (market ) Tj ET Q q 0 0 0 rg BT 191.86 138.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 235.13 138.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.94 138.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 277.74 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.56 138.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 314.81 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 324.73 138.60 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 374.64 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.56 138.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 435.59 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 445.52 138.60 Td (plants ) Tj ET Q q 0 0 0 rg BT 471.00 138.60 Td (that ) Tj ET Q q 0 0 0 rg BT 487.60 138.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 521.40 138.60 Td (industrial-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (source ) Tj ET Q q 0 0 0 rg BT 78.42 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 92.31 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.56 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.37 126.60 Td (as ) Tj ET Q q 0 0 0 rg BT 109.52 126.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.77 126.60 Td (byproduct ) Tj ET Q q 0 0 0 rg BT 160.14 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 177.95 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 192.43 126.60 Td (can ) Tj ET Q q 0 0 0 rg BT 209.12 126.60 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 249.97 126.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 269.46 126.60 Td (limiting ) Tj ET Q q 0 0 0 rg BT 303.94 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.98 126.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 351.79 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.94 126.60 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 432.95 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 446.85 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 452.91 126.60 Td (available ) Tj ET Q q 0 0 0 rg BT 491.82 126.60 Td (for ) Tj ET Q q 0 0 0 rg BT 506.29 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 522.44 126.60 Td (use ) Tj ET Q q 0 0 0 rg BT 538.59 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 126.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 80.87 114.60 Td (operations.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 58.17 726.75 Td (cyber) Tj ET Q q 0 0 0 rg BT 81.87 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 83.87 726.75 Td (incident ) Tj ET Q q 0 0 0 rg BT 120.32 726.75 Td (could ) Tj ET Q q 0 0 0 rg BT 145.66 726.75 Td (occur) Tj ET Q q 0 0 0 rg BT 169.36 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 171.36 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 189.49 726.75 Td (r) Tj ET Q q 0 0 0 rg BT 193.74 726.75 Td (esult ) Tj ET Q q 0 0 0 rg BT 215.75 726.75 Td (in ) Tj ET Q q 0 0 0 rg BT 226.09 726.75 Td (information ) Tj ET Q q 0 0 0 rg BT 279.20 726.75 Td (theft, ) Tj ET Q q 0 0 0 rg BT 303.69 726.75 Td (data ) Tj ET Q q 0 0 0 rg BT 324.58 726.75 Td (corruption, ) Tj ET Q q 0 0 0 rg BT 375.19 726.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 426.08 726.75 Td (disruption, ) Tj ET Q q 0 0 0 rg BT 475.05 726.75 Td (and/or) Tj ET Q q 0 0 0 rg BT 503.21 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 505.21 726.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 544.44 726.75 Td (loss.) 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 85.42 702.75 Td (business ) Tj ET Q q 0 0 0 rg BT 121.69 702.75 Td (has ) Tj ET Q q 0 0 0 rg BT 137.39 702.75 Td (become ) Tj ET Q q 0 0 0 rg BT 170.86 702.75 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 222.10 702.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 265.57 702.75 Td (on ) Tj ET Q q 0 0 0 rg BT 277.94 702.75 Td (digital ) Tj ET Q q 0 0 0 rg BT 305.86 702.75 Td (technologies ) Tj ET Q q 0 0 0 rg BT 358.78 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 368.93 702.75 Td (conduct ) Tj ET Q q 0 0 0 rg BT 402.95 702.75 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 448.64 702.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 495.17 702.75 Td (including ) Tj ET Q q 0 0 0 rg BT 535.31 702.75 Td (certain ) 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 60.32 690.75 Td (our ) Tj ET Q q 0 0 0 rg BT 76.13 690.75 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 126.66 690.75 Td (development ) Tj ET Q q 0 0 0 rg BT 180.80 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 197.73 690.75 Td (production ) Tj ET Q q 0 0 0 rg BT 243.54 690.75 Td (activities. ) Tj ET Q q 0 0 0 rg BT 284.62 690.75 Td ( ) Tj ET Q q 0 0 0 rg BT 286.93 690.75 Td (W) Tj ET Q q 0 0 0 rg BT 295.57 690.75 Td (e ) Tj ET Q q 0 0 0 rg BT 302.49 690.75 Td (depend ) Tj ET Q q 0 0 0 rg BT 333.86 690.75 Td (on ) Tj ET Q q 0 0 0 rg BT 346.34 690.75 Td (digital ) Tj ET Q q 0 0 0 rg BT 374.38 690.75 Td (technology) Tj ET Q q 0 0 0 rg BT 418.17 690.75 Td (, ) Tj ET Q q 0 0 0 rg BT 423.15 690.75 Td (among ) Tj ET Q q 0 0 0 rg BT 452.86 690.75 Td (other ) Tj ET Q q 0 0 0 rg BT 475.89 690.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 505.32 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 515.59 690.75 Td (process ) Tj ET Q q 0 0 0 rg BT 548.07 690.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (record ) Tj ET Q q 0 0 0 rg BT 77.56 678.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.07 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.03 678.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.32 678.75 Td (data; ) Tj ET Q q 0 0 0 rg BT 194.28 678.75 Td (analyze ) Tj ET Q q 0 0 0 rg BT 227.33 678.75 Td (seismic ) Tj ET Q q 0 0 0 rg BT 259.85 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.81 678.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 308.78 678.75 Td (information; ) Tj ET Q q 0 0 0 rg BT 361.30 678.75 Td (monitor ) Tj ET Q q 0 0 0 rg BT 395.49 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 412.45 678.75 Td (control ) Tj ET Q q 0 0 0 rg BT 443.30 678.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 478.04 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 495.00 678.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 517.52 678.75 Td (equipment; ) 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 66.70 666.75 Td (process ) Tj ET Q q 0 0 0 rg BT 99.46 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 116.67 666.75 Td (store ) Tj ET Q q 0 0 0 rg BT 138.87 666.75 Td (personally ) Tj ET Q q 0 0 0 rg BT 183.29 666.75 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 231.59 666.75 Td (information ) Tj ET Q q 0 0 0 rg BT 281.57 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 292.67 666.75 Td (our ) Tj ET Q q 0 0 0 rg BT 308.77 666.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 354.29 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.50 666.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 402.59 666.75 Td (owners. ) Tj ET Q q 0 0 0 rg BT 436.74 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 439.50 666.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 457.82 666.75 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 513.63 666.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 548.07 666.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (networks ) Tj ET Q q 0 0 0 rg BT 88.02 654.75 Td (may ) Tj ET Q q 0 0 0 rg BT 107.10 654.75 Td (become ) Tj ET Q q 0 0 0 rg BT 140.06 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 154.13 654.75 Td (tar) Tj ET Q q 0 0 0 rg BT 164.50 654.75 Td (get ) Tj ET Q q 0 0 0 rg BT 178.58 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.77 654.75 Td (cyber ) Tj ET Q q 0 0 0 rg BT 212.84 654.75 Td (attacks ) Tj ET Q q 0 0 0 rg BT 242.47 654.75 Td (or ) Tj ET Q q 0 0 0 rg BT 252.66 654.75 Td (information ) Tj ET Q q 0 0 0 rg BT 301.73 654.75 Td (security ) Tj ET Q q 0 0 0 rg BT 335.25 654.75 Td (breaches ) Tj ET Q q 0 0 0 rg BT 372.09 654.75 Td (that ) Tj ET Q q 0 0 0 rg BT 388.94 654.75 Td (could ) Tj ET Q q 0 0 0 rg BT 413.02 654.75 Td (result ) Tj ET Q q 0 0 0 rg BT 437.10 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 446.74 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 460.82 654.75 Td (disruption ) Tj ET Q q 0 0 0 rg BT 503.24 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 513.43 654.75 Td (our ) Tj ET Q q 0 0 0 rg BT 528.62 654.75 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.66 642.75 Td (and/or ) Tj ET Q q 0 0 0 rg BT 121.70 642.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.18 642.75 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 107.45 618.75 Td (we ) Tj ET Q q 0 0 0 rg BT 121.27 618.75 Td (utilize ) Tj ET Q q 0 0 0 rg BT 148.43 618.75 Td (various ) Tj ET Q q 0 0 0 rg BT 180.04 618.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 226.07 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.68 618.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 277.07 618.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.01 618.75 Td (monitor ) Tj ET Q q 0 0 0 rg BT 320.84 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 337.45 618.75 Td (protect ) Tj ET Q q 0 0 0 rg BT 367.38 618.75 Td (against ) Tj ET Q q 0 0 0 rg BT 397.88 618.75 Td (these ) Tj ET Q q 0 0 0 rg BT 420.59 618.75 Td (threats ) Tj ET Q q 0 0 0 rg BT 449.41 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 466.02 618.75 Td (to ) Tj ET Q q 0 0 0 rg BT 475.97 618.75 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 510.90 618.75 Td (our ) Tj ET Q q 0 0 0 rg BT 526.40 618.75 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.71 606.75 Td (such ) Tj ET Q q 0 0 0 rg BT 80.47 606.75 Td (threats, ) Tj ET Q q 0 0 0 rg BT 112.06 606.75 Td (there ) Tj ET Q q 0 0 0 rg BT 134.48 606.75 Td (can ) Tj ET Q q 0 0 0 rg BT 150.78 606.75 Td (be ) Tj ET Q q 0 0 0 rg BT 162.65 606.75 Td (no ) Tj ET Q q 0 0 0 rg BT 175.09 606.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 216.38 606.75 Td (that ) Tj ET Q q 0 0 0 rg BT 233.81 606.75 Td (these ) Tj ET Q q 0 0 0 rg BT 256.79 606.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 303.09 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.96 606.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 354.61 606.75 Td (will ) Tj ET Q q 0 0 0 rg BT 372.60 606.75 Td (be ) Tj ET Q q 0 0 0 rg BT 384.47 606.75 Td (suf) Tj ET Q q 0 0 0 rg BT 396.51 606.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 424.48 606.75 Td (in ) Tj ET Q q 0 0 0 rg BT 434.69 606.75 Td (preventing ) Tj ET Q q 0 0 0 rg BT 479.89 606.75 Td (security ) Tj ET Q q 0 0 0 rg BT 513.97 606.75 Td (threats ) Tj ET Q q 0 0 0 rg BT 543.06 606.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (materializing ) Tj ET Q q 0 0 0 rg BT 104.29 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 120.77 594.75 Td (causing ) Tj ET Q q 0 0 0 rg BT 153.35 594.75 Td (us ) Tj ET Q q 0 0 0 rg BT 164.28 594.75 Td (to ) Tj ET Q q 0 0 0 rg BT 174.10 594.75 Td (suf) Tj ET Q q 0 0 0 rg BT 186.14 594.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 199.27 594.75 Td (such ) Tj ET Q q 0 0 0 rg BT 219.64 594.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 245.57 594.75 Td (in ) Tj ET Q q 0 0 0 rg BT 255.39 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.64 594.75 Td (future.) Tj ET Q q 0 0 0 rg BT 300.47 594.75 Td (As ) Tj ET Q q 0 0 0 rg BT 313.62 594.75 Td (cyber ) Tj ET Q q 0 0 0 rg BT 337.86 594.75 Td (threats ) Tj ET Q q 0 0 0 rg BT 366.56 594.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 403.03 594.75 Td (to ) Tj ET Q q 0 0 0 rg BT 412.84 594.75 Td (evolve, ) Tj ET Q q 0 0 0 rg BT 444.04 594.75 Td (we ) Tj ET Q q 0 0 0 rg BT 457.73 594.75 Td (may ) Tj ET Q q 0 0 0 rg BT 476.99 594.75 Td (be ) Tj ET Q q 0 0 0 rg BT 488.46 594.75 Td (required ) Tj ET Q q 0 0 0 rg BT 523.82 594.75 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 594.75 Td (expend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.02 582.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 136.31 582.75 Td (resources ) Tj ET Q q 0 0 0 rg BT 176.38 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 186.46 582.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 223.20 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 233.29 582.75 Td (modify ) Tj ET Q q 0 0 0 rg BT 264.48 582.75 Td (or ) Tj ET Q q 0 0 0 rg BT 275.12 582.75 Td (enhance ) Tj ET Q q 0 0 0 rg BT 310.18 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 325.81 582.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 371.99 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 388.73 582.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 423.25 582.75 Td (or ) Tj ET Q q 0 0 0 rg BT 433.89 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 443.98 582.75 Td (investigate ) Tj ET Q q 0 0 0 rg BT 489.60 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 506.35 582.75 Td (remediate ) Tj ET Q q 0 0 0 rg BT 548.07 582.75 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (cyber ) Tj ET Q q 0 0 0 rg BT 74.21 570.75 Td (vulnerabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.95 546.75 Td (e ) Tj ET Q q 0 0 0 rg BT 66.70 546.75 Td (may ) Tj ET Q q 0 0 0 rg BT 88.34 546.75 Td (lose ) Tj ET Q q 0 0 0 rg BT 107.76 546.75 Td (key ) Tj ET Q q 0 0 0 rg BT 126.08 546.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 168.81 546.75 Td (officers ) Tj ET Q q 0 0 0 rg BT 203.77 546.75 Td (or) Tj ET Q q 0 0 0 rg BT 213.03 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 216.34 546.75 Td (specialized ) Tj ET Q q 0 0 0 rg BT 265.76 546.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 307.40 546.75 Td (employees, ) Tj ET Q q 0 0 0 rg BT 357.09 546.75 Td (which ) Tj ET Q q 0 0 0 rg BT 385.96 546.75 Td (could ) Tj ET Q q 0 0 0 rg BT 412.62 546.75 Td (endanger) Tj ET Q q 0 0 0 rg BT 452.43 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 455.75 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 472.39 546.75 Td (futur) Tj ET Q q 0 0 0 rg BT 494.43 546.75 Td (e ) Tj ET Q q 0 0 0 rg BT 502.18 546.75 Td (success ) Tj ET Q q 0 0 0 rg BT 536.05 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 547.69 546.75 Td (our) Tj ET Q q 0 0 0 rg BT 562.51 546.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.95 510.75 Td (success ) Tj ET Q q 0 0 0 rg BT 116.84 510.75 Td (depends ) Tj ET Q q 0 0 0 rg BT 151.51 510.75 Td (to ) Tj ET Q q 0 0 0 rg BT 161.19 510.75 Td (a ) Tj ET Q q 0 0 0 rg BT 167.52 510.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 211.64 510.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 240.18 510.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 262.08 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 276.20 510.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 317.53 510.75 Td (contributions ) Tj ET Q q 0 0 0 rg BT 372.20 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 382.43 510.75 Td (our ) Tj ET Q q 0 0 0 rg BT 397.66 510.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 437.87 510.75 Td (of) Tj ET Q q 0 0 0 rg BT 446.02 510.75 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 472.63 510.75 Td (other ) Tj ET Q q 0 0 0 rg BT 495.07 510.75 Td (key ) Tj ET Q q 0 0 0 rg BT 511.41 510.75 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.44 498.75 Td (specialized ) Tj ET Q q 0 0 0 rg BT 115.37 498.75 Td (technical ) Tj ET Q q 0 0 0 rg BT 154.96 498.75 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 199.84 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 203.35 498.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 222.40 498.75 Td (employees, ) Tj ET Q q 0 0 0 rg BT 271.17 498.75 Td (including ) Tj ET Q q 0 0 0 rg BT 312.45 498.75 Td (our ) Tj ET Q q 0 0 0 rg BT 329.29 498.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 371.10 498.75 Td (of) Tj ET Q q 0 0 0 rg BT 379.25 498.75 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 407.46 498.75 Td (are ) Tj ET Q q 0 0 0 rg BT 423.17 498.75 Td (employed ) Tj ET Q q 0 0 0 rg BT 466.11 498.75 Td (at ) Tj ET Q q 0 0 0 rg BT 476.83 498.75 Td (will ) Tj ET Q q 0 0 0 rg BT 495.90 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 513.84 498.75 Td (do ) Tj ET Q q 0 0 0 rg BT 527.34 498.75 Td (not ) Tj ET Q q 0 0 0 rg BT 543.63 498.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (employment ) Tj ET Q q 0 0 0 rg BT 101.32 486.75 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 151.18 486.75 Td ( ) Tj ET Q q 0 0 0 rg BT 152.88 486.75 Td (W) Tj ET Q q 0 0 0 rg BT 161.52 486.75 Td (e ) Tj ET Q q 0 0 0 rg BT 167.79 486.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 198.49 486.75 Td (that ) Tj ET Q q 0 0 0 rg BT 215.32 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 230.48 486.75 Td (future ) Tj ET Q q 0 0 0 rg BT 256.19 486.75 Td (success ) Tj ET Q q 0 0 0 rg BT 288.01 486.75 Td (depends, ) Tj ET Q q 0 0 0 rg BT 325.11 486.75 Td (in ) Tj ET Q q 0 0 0 rg BT 334.72 486.75 Td (lar) Tj ET Q q 0 0 0 rg BT 345.09 486.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 356.35 486.75 Td (part, ) Tj ET Q q 0 0 0 rg BT 376.23 486.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 398.06 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 413.23 486.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 440.61 486.75 Td (to ) Tj ET Q q 0 0 0 rg BT 450.22 486.75 Td (hire ) Tj ET Q q 0 0 0 rg BT 467.60 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 483.86 486.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 508.46 486.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 535.85 486.75 Td (skilled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (personnel.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 450.75 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 450.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 137.66 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 156.28 450.75 Td (r) Tj ET Q q 0 0 0 rg BT 160.54 450.75 Td (egulations ) Tj ET Q q 0 0 0 rg BT 206.38 450.75 Td (ar) Tj ET Q q 0 0 0 rg BT 215.64 450.75 Td (e ) Tj ET Q q 0 0 0 rg BT 222.58 450.75 Td (costly ) Tj ET Q q 0 0 0 rg BT 249.51 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 268.14 450.75 Td (stringent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.35 426.75 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 135.69 426.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 183.81 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 200.55 426.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 243.39 426.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 287.34 426.75 Td (are ) Tj ET Q q 0 0 0 rg BT 301.84 426.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 332.47 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 342.54 426.75 Td (complex ) Tj ET Q q 0 0 0 rg BT 379.27 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 396.01 426.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 433.30 426.75 Td (federal, ) Tj ET Q q 0 0 0 rg BT 465.85 426.75 Td (state, ) Tj ET Q q 0 0 0 rg BT 488.97 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 505.71 426.75 Td (local ) Tj ET Q q 0 0 0 rg BT 527.44 426.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.07 426.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.86 414.75 Td (governing, ) Tj ET Q q 0 0 0 rg BT 140.84 414.75 Td (among ) Tj ET Q q 0 0 0 rg BT 169.98 414.75 Td (other ) Tj ET Q q 0 0 0 rg BT 192.46 414.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 221.33 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 235.48 414.75 Td (dischar) Tj ET Q q 0 0 0 rg BT 264.17 414.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 275.54 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.80 414.75 Td (substances ) Tj ET Q q 0 0 0 rg BT 330.49 414.75 Td (into ) Tj ET Q q 0 0 0 rg BT 347.98 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.12 414.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 414.59 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 424.85 414.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 465.65 414.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 498.12 414.75 Td (to ) Tj ET Q q 0 0 0 rg BT 507.83 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 414.75 Td (protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 402.75 Td (human ) Tj ET Q q 0 0 0 rg BT 90.58 402.75 Td (health ) Tj ET Q q 0 0 0 rg BT 117.78 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 134.98 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 402.75 Td (protection ) Tj ET Q q 0 0 0 rg BT 193.27 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.36 402.75 Td (endangered ) Tj ET Q q 0 0 0 rg BT 253.21 402.75 Td (species. ) Tj ET Q q 0 0 0 rg BT 287.35 402.75 Td ( ) Tj ET Q q 0 0 0 rg BT 289.92 402.75 Td (These ) Tj ET Q q 0 0 0 rg BT 316.56 402.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 337.66 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 354.86 402.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 402.06 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 419.26 402.75 Td (related ) Tj ET Q q 0 0 0 rg BT 449.23 402.75 Td (public ) Tj ET Q q 0 0 0 rg BT 476.99 402.75 Td (policy ) Tj ET Q q 0 0 0 rg BT 504.75 402.75 Td (considerations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 390.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.39 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 90.92 390.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 116.74 390.75 Td (manner) Tj ET Q q 0 0 0 rg BT 146.32 390.75 Td (, ) Tj ET Q q 0 0 0 rg BT 152.14 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 169.89 390.75 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 213.20 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.84 390.75 Td (our ) Tj ET Q q 0 0 0 rg BT 241.49 390.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 286.46 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 304.21 390.75 Td (require ) Tj ET Q q 0 0 0 rg BT 335.84 390.75 Td (us ) Tj ET Q q 0 0 0 rg BT 348.05 390.75 Td (to ) Tj ET Q q 0 0 0 rg BT 359.14 390.75 Td (make ) Tj ET Q q 0 0 0 rg BT 384.11 390.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 429.64 390.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 484.05 390.75 Td (in ) Tj ET Q q 0 0 0 rg BT 495.14 390.75 Td (order ) Tj ET Q q 0 0 0 rg BT 519.56 390.75 Td (to ) Tj ET Q q 0 0 0 rg BT 530.65 390.75 Td (comply) Tj ET Q q 0 0 0 rg BT 560.00 390.75 Td (. ) Tj ET Q q 0 0 0 rg BT 565.00 390.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (Failure ) Tj ET Q q 0 0 0 rg BT 79.99 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 89.94 378.75 Td (comply ) Tj ET Q q 0 0 0 rg BT 122.10 378.75 Td (with ) Tj ET Q q 0 0 0 rg BT 142.05 378.75 Td (these ) Tj ET Q q 0 0 0 rg BT 164.76 378.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 185.26 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 201.87 378.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 248.47 378.75 Td (may ) Tj ET Q q 0 0 0 rg BT 267.85 378.75 Td (result ) Tj ET Q q 0 0 0 rg BT 292.24 378.75 Td (in ) Tj ET Q q 0 0 0 rg BT 302.19 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 316.57 378.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 363.18 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 373.67 378.75 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 435.55 378.75 Td (civil, ) Tj ET Q q 0 0 0 rg BT 457.99 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 474.60 378.75 Td (criminal ) Tj ET Q q 0 0 0 rg BT 510.09 378.75 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 550.30 378.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (imposition ) Tj ET Q q 0 0 0 rg BT 95.01 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 106.08 366.75 Td (investigatory ) Tj ET Q q 0 0 0 rg BT 161.02 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 178.19 366.75 Td (remedial ) Tj ET Q q 0 0 0 rg BT 215.90 366.75 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 265.57 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 282.74 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 297.69 366.75 Td (issuance ) Tj ET Q q 0 0 0 rg BT 334.30 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 345.36 366.75 Td (injunctions ) Tj ET Q q 0 0 0 rg BT 392.53 366.75 Td (that ) Tj ET Q q 0 0 0 rg BT 410.26 366.75 Td (could ) Tj ET Q q 0 0 0 rg BT 435.21 366.75 Td (limit ) Tj ET Q q 0 0 0 rg BT 456.83 366.75 Td (or ) Tj ET Q q 0 0 0 rg BT 467.89 366.75 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 502.29 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 518.35 366.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 565.00 366.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (Some ) Tj ET Q q 0 0 0 rg BT 74.05 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 84.15 354.75 Td (these ) Tj ET Q q 0 0 0 rg BT 106.47 354.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 126.58 354.75 Td (and ) Tj ET Q q 0 0 0 rg BT 142.79 354.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 188.99 354.75 Td (may ) Tj ET Q q 0 0 0 rg BT 207.98 354.75 Td (impose ) Tj ET Q q 0 0 0 rg BT 238.64 354.75 Td (joint ) Tj ET Q q 0 0 0 rg BT 258.75 354.75 Td (and ) Tj ET Q q 0 0 0 rg BT 274.96 354.75 Td (several, ) Tj ET Q q 0 0 0 rg BT 307.55 354.75 Td (strict ) Tj ET Q q 0 0 0 rg BT 329.31 354.75 Td (liability ) Tj ET Q q 0 0 0 rg BT 362.20 354.75 Td (for ) Tj ET Q q 0 0 0 rg BT 375.63 354.75 Td (contamination ) Tj ET Q q 0 0 0 rg BT 434.61 354.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 471.38 354.75 Td (from ) Tj ET Q q 0 0 0 rg BT 492.59 354.75 Td (spills, ) Tj ET Q q 0 0 0 rg BT 517.98 354.75 Td (dischar) Tj ET Q q 0 0 0 rg BT 546.67 354.75 Td (ges, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.31 342.75 Td (releases ) Tj ET Q q 0 0 0 rg BT 102.32 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 114.02 342.75 Td (substances, ) Tj ET Q q 0 0 0 rg BT 162.66 342.75 Td (including ) Tj ET Q q 0 0 0 rg BT 203.80 342.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 247.71 342.75 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 305.51 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 323.32 342.75 Td (other ) Tj ET Q q 0 0 0 rg BT 347.23 342.75 Td (wastes, ) Tj ET Q q 0 0 0 rg BT 379.76 342.75 Td (without ) Tj ET Q q 0 0 0 rg BT 413.69 342.75 Td (regard ) Tj ET Q q 0 0 0 rg BT 442.60 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 453.74 342.75 Td (fault, ) Tj ET Q q 0 0 0 rg BT 477.94 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 489.64 342.75 Td (the ) Tj ET Q q 0 0 0 rg BT 505.22 342.75 Td (legality ) Tj ET Q q 0 0 0 rg BT 538.58 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 342.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (original ) Tj ET Q q 0 0 0 rg BT 82.97 330.75 Td (conduct. ) Tj ET Q q 0 0 0 rg BT 119.49 330.75 Td ( ) Tj ET Q q 0 0 0 rg BT 121.86 330.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 149.22 330.75 Td (such ) Tj ET Q q 0 0 0 rg BT 169.92 330.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 190.61 330.75 Td (and ) Tj ET Q q 0 0 0 rg BT 207.42 330.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 256.72 330.75 Td (we ) Tj ET Q q 0 0 0 rg BT 270.75 330.75 Td (could ) Tj ET Q q 0 0 0 rg BT 295.33 330.75 Td (be ) Tj ET Q q 0 0 0 rg BT 307.14 330.75 Td (required ) Tj ET Q q 0 0 0 rg BT 342.82 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 352.96 330.75 Td (remove ) Tj ET Q q 0 0 0 rg BT 385.32 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 396.01 330.75 Td (remediate ) Tj ET Q q 0 0 0 rg BT 437.80 330.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 482.38 330.75 Td (disposed ) Tj ET Q q 0 0 0 rg BT 519.75 330.75 Td (substances ) 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 66.44 318.75 Td (property ) Tj ET Q q 0 0 0 rg BT 102.82 318.75 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 165.02 318.75 Td (including ) Tj ET Q q 0 0 0 rg BT 205.30 318.75 Td (wastes ) Tj ET Q q 0 0 0 rg BT 234.46 318.75 Td (disposed ) Tj ET Q q 0 0 0 rg BT 271.96 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 282.79 318.75 Td (released ) Tj ET Q q 0 0 0 rg BT 318.04 318.75 Td (by ) Tj ET Q q 0 0 0 rg BT 330.54 318.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 352.48 318.75 Td (owners ) Tj ET Q q 0 0 0 rg BT 383.86 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 394.69 318.75 Td (operators.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (Enactment ) Tj ET Q q 0 0 0 rg BT 98.66 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.49 294.75 Td (executive, ) Tj ET Q q 0 0 0 rg BT 153.91 294.75 Td (legislative ) Tj ET Q q 0 0 0 rg BT 198.63 294.75 Td (or) Tj ET Q q 0 0 0 rg BT 207.88 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.38 294.75 Td (r) Tj ET Q q 0 0 0 rg BT 214.64 294.75 Td (egulatory ) Tj ET Q q 0 0 0 rg BT 257.69 294.75 Td (pr) Tj ET Q q 0 0 0 rg BT 267.51 294.75 Td (oposals ) Tj ET Q q 0 0 0 rg BT 301.13 294.75 Td (under) Tj ET Q q 0 0 0 rg BT 326.51 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 329.01 294.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 389.29 294.75 Td (could ) Tj ET Q q 0 0 0 rg BT 415.13 294.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 460.96 294.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 487.32 294.75 Td (our) Tj ET Q q 0 0 0 rg BT 502.14 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 504.64 294.75 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.75 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 111.98 270.75 Td (executive, ) Tj ET Q q 0 0 0 rg BT 155.60 270.75 Td (legislative ) Tj ET Q q 0 0 0 rg BT 199.51 270.75 Td (and ) Tj ET Q q 0 0 0 rg BT 216.77 270.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 260.68 270.75 Td (proposals ) Tj ET Q q 0 0 0 rg BT 301.82 270.75 Td (af) Tj ET Q q 0 0 0 rg BT 309.41 270.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 339.99 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 355.02 270.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 368.39 270.75 Td (and ) Tj ET Q q 0 0 0 rg BT 385.64 270.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 401.79 270.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 437.38 270.75 Td (could ) Tj ET Q q 0 0 0 rg BT 462.41 270.75 Td (be ) Tj ET Q q 0 0 0 rg BT 474.67 270.75 Td (introduced ) Tj ET Q q 0 0 0 rg BT 520.25 270.75 Td (by ) Tj ET Q q 0 0 0 rg BT 533.06 270.75 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 79.48 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 96.14 258.75 Td (state ) Tj ET Q q 0 0 0 rg BT 116.68 258.75 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 165.96 258.75 Td (While ) Tj ET Q q 0 0 0 rg BT 192.61 258.75 Td (it ) Tj ET Q q 0 0 0 rg BT 200.39 258.75 Td (is ) Tj ET Q q 0 0 0 rg BT 209.28 258.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 247.60 258.75 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 293.69 258.75 Td (that ) Tj ET Q q 0 0 0 rg BT 310.90 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 325.34 258.75 Td (President ) Tj ET Q q 0 0 0 rg BT 364.78 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.44 258.75 Td (Congress ) Tj ET Q q 0 0 0 rg BT 420.88 258.75 Td (will ) Tj ET Q q 0 0 0 rg BT 438.66 258.75 Td (attempt ) Tj ET Q q 0 0 0 rg BT 470.87 258.75 Td (to ) Tj ET Q q 0 0 0 rg BT 480.87 258.75 Td (move ) Tj ET Q q 0 0 0 rg BT 505.31 258.75 Td (away ) Tj ET Q q 0 0 0 rg BT 528.63 258.75 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 258.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (trend ) Tj ET Q q 0 0 0 rg BT 72.30 246.75 Td (of ) Tj ET Q q 0 0 0 rg BT 82.89 246.75 Td (proposing ) Tj ET Q q 0 0 0 rg BT 125.14 246.75 Td (stricter ) Tj ET Q q 0 0 0 rg BT 155.16 246.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 195.19 246.75 Td (and ) Tj ET Q q 0 0 0 rg BT 211.88 246.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 255.23 246.75 Td (oversight ) Tj ET Q q 0 0 0 rg BT 294.71 246.75 Td (and ) Tj ET Q q 0 0 0 rg BT 311.40 246.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 354.20 246.75 Td (at ) Tj ET Q q 0 0 0 rg BT 363.67 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 378.14 246.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 408.15 246.75 Td (level, ) Tj ET Q q 0 0 0 rg BT 432.34 246.75 Td (it ) Tj ET Q q 0 0 0 rg BT 440.15 246.75 Td (is ) Tj ET Q q 0 0 0 rg BT 449.08 246.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 484.11 246.75 Td (that ) Tj ET Q q 0 0 0 rg BT 501.37 246.75 Td (other ) Tj ET Q q 0 0 0 rg BT 524.17 246.75 Td (proposals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 234.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 87.85 234.75 Td (the ) Tj ET Q q 0 0 0 rg BT 103.07 234.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.63 234.75 Td (and ) Tj ET Q q 0 0 0 rg BT 134.08 234.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 150.41 234.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 186.19 234.75 Td (could ) Tj ET Q q 0 0 0 rg BT 211.41 234.75 Td (be ) Tj ET Q q 0 0 0 rg BT 223.85 234.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 257.39 234.75 Td (or ) Tj ET Q q 0 0 0 rg BT 268.72 234.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 303.38 234.75 Td (in ) Tj ET Q q 0 0 0 rg BT 314.16 234.75 Td (the ) Tj ET Q q 0 0 0 rg BT 329.38 234.75 Td (future, ) Tj ET Q q 0 0 0 rg BT 358.76 234.75 Td (which ) Tj ET Q q 0 0 0 rg BT 386.20 234.75 Td (could ) Tj ET Q q 0 0 0 rg BT 411.42 234.75 Td (result ) Tj ET Q q 0 0 0 rg BT 436.64 234.75 Td (in ) Tj ET Q q 0 0 0 rg BT 447.42 234.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 488.18 234.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 511.18 234.75 Td (or ) Tj ET Q q 0 0 0 rg BT 522.51 234.75 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.76 222.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 136.70 222.75 Td (that ) Tj ET Q q 0 0 0 rg BT 154.19 222.75 Td (could ) Tj ET Q q 0 0 0 rg BT 178.91 222.75 Td (have ) Tj ET Q q 0 0 0 rg BT 200.29 222.75 Td (an ) Tj ET Q q 0 0 0 rg BT 212.22 222.75 Td (ef) Tj ET Q q 0 0 0 rg BT 219.81 222.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 237.30 222.75 Td (on ) Tj ET Q q 0 0 0 rg BT 249.80 222.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 283.95 222.75 Td (for ) Tj ET Q q 0 0 0 rg BT 298.11 222.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 311.17 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.11 222.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 358.37 222.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 374.20 222.75 Td (or ) Tj ET Q q 0 0 0 rg BT 385.03 222.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 411.41 222.75 Td (at ) Tj ET Q q 0 0 0 rg BT 421.13 222.75 Td (which ) Tj ET Q q 0 0 0 rg BT 448.06 222.75 Td (it ) Tj ET Q q 0 0 0 rg BT 456.12 222.75 Td (can ) Tj ET Q q 0 0 0 rg BT 472.50 222.75 Td (be ) Tj ET Q q 0 0 0 rg BT 484.44 222.75 Td (sold.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (The ) Tj ET Q q 0 0 0 rg BT 68.67 198.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 86.73 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 97.56 198.75 Td (one ) Tj ET Q q 0 0 0 rg BT 115.06 198.75 Td (or) Tj ET Q q 0 0 0 rg BT 124.32 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 126.82 198.75 Td (mor) Tj ET Q q 0 0 0 rg BT 144.41 198.75 Td (e ) Tj ET Q q 0 0 0 rg BT 151.35 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 198.75 Td (our) Tj ET Q q 0 0 0 rg BT 177.00 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 179.50 198.75 Td (large ) Tj ET Q q 0 0 0 rg BT 203.65 198.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.71 198.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.33 198.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 269.50 198.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.89 198.75 Td (pur) Tj ET Q q 0 0 0 rg BT 301.27 198.75 Td (chasers ) Tj ET Q q 0 0 0 rg BT 335.43 198.75 Td (could ) Tj ET Q q 0 0 0 rg BT 361.27 198.75 Td (have ) Tj ET Q q 0 0 0 rg BT 383.77 198.75 Td (an ) Tj ET Q q 0 0 0 rg BT 396.83 198.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 432.10 198.75 Td (effect ) Tj ET Q q 0 0 0 rg BT 457.91 198.75 Td (on ) Tj ET Q q 0 0 0 rg BT 470.97 198.75 Td (our) Tj ET Q q 0 0 0 rg BT 485.79 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 488.29 198.75 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.75 Td (For ) Tj ET Q q 0 0 0 rg BT 84.34 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.50 174.75 Td (year ) Tj ET Q q 0 0 0 rg BT 119.66 174.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.48 174.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 205.51 174.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.51 174.75 Td (, ) Tj ET Q q 0 0 0 rg BT 230.96 174.75 Td (two ) Tj ET Q q 0 0 0 rg BT 248.90 174.75 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 294.61 174.75 Td (individually ) Tj ET Q q 0 0 0 rg BT 345.89 174.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 389.37 174.75 Td (for ) Tj ET Q q 0 0 0 rg BT 403.97 174.75 Td (10% ) Tj ET Q q 0 0 0 rg BT 425.25 174.75 Td (or ) Tj ET Q q 0 0 0 rg BT 436.53 174.75 Td (more ) Tj ET Q q 0 0 0 rg BT 460.02 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 471.30 174.75 Td (our ) Tj ET Q q 0 0 0 rg BT 487.57 174.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.08 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.46 174.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 174.75 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.51 162.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 106.92 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 117.16 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.85 162.75 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 175.68 162.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.81 162.75 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.14 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.61 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.41 162.75 Td (such ) Tj ET Q q 0 0 0 rg BT 242.21 162.75 Td (revenues.) Tj ET Q q 0 0 0 rg BT 285.07 162.75 Td (The ) Tj ET Q q 0 0 0 rg BT 303.08 162.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 321.12 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 331.92 162.75 Td (a ) Tj ET Q q 0 0 0 rg BT 338.82 162.75 Td (lar) Tj ET Q q 0 0 0 rg BT 349.19 162.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 361.10 162.75 Td (single ) Tj ET Q q 0 0 0 rg BT 387.45 162.75 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 428.79 162.75 Td (could ) Tj ET Q q 0 0 0 rg BT 453.48 162.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 494.26 162.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 523.94 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 538.63 162.75 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 150.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 95.02 150.75 Td (or ) Tj ET Q q 0 0 0 rg BT 105.85 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 150.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 178.61 150.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 201.11 150.75 Td (we ) Tj ET Q q 0 0 0 rg BT 215.27 150.75 Td (incur) Tj ET Q q 0 0 0 rg BT 235.27 150.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 84.77 126.75 Td (of ) Tj ET Q q 0 0 0 rg BT 95.60 126.75 Td (our) Tj ET Q q 0 0 0 rg BT 110.42 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 112.92 126.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 160.42 126.75 Td (may ) Tj ET Q q 0 0 0 rg BT 181.25 126.75 Td (be ) Tj ET Q q 0 0 0 rg BT 193.75 126.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 226.24 126.75 Td (during ) Tj ET Q q 0 0 0 rg BT 257.64 126.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 290.13 126.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 324.30 126.75 Td (due ) Tj ET Q q 0 0 0 rg BT 342.36 126.75 Td (to ) Tj ET Q q 0 0 0 rg BT 353.19 126.75 Td (sever) Tj ET Q q 0 0 0 rg BT 375.22 126.75 Td (e ) Tj ET Q q 0 0 0 rg BT 382.16 126.75 Td (weather) Tj ET Q q 0 0 0 rg BT 416.40 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 418.90 126.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 465.31 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 483.93 126.75 Td (other) Tj ET Q q 0 0 0 rg BT 506.52 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 509.02 126.75 Td (r) Tj ET Q q 0 0 0 rg BT 513.27 126.75 Td (egulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 99.46 102.75 Td (of ) Tj ET Q q 0 0 0 rg BT 110.31 102.75 Td (our ) Tj ET Q q 0 0 0 rg BT 126.17 102.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 170.35 102.75 Td (in ) Tj ET Q q 0 0 0 rg BT 180.65 102.75 Td (North ) Tj ET Q q 0 0 0 rg BT 206.50 102.75 Td (Dakota, ) Tj ET Q q 0 0 0 rg BT 240.41 102.75 Td (Montana ) Tj ET Q q 0 0 0 rg BT 278.48 102.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.26 102.75 Td (W) Tj ET Q q 0 0 0 rg BT 304.09 102.75 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 339.68 102.75 Td (including ) Tj ET Q q 0 0 0 rg BT 379.97 102.75 Td (the ) Tj ET Q q 0 0 0 rg BT 394.71 102.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 446.67 102.75 Td (of ) Tj ET Q q 0 0 0 rg BT 457.53 102.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 471.42 101.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.67 102.75 Td ( ) Tj ET Q q 0 0 0 rg BT 477.19 102.75 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 518.32 102.75 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 102.75 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 90.75 Td (new ) Tj ET Q q 0 0 0 rg BT 79.53 90.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 103.16 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 120.13 90.75 Td (production ) Tj ET Q q 0 0 0 rg BT 165.97 90.75 Td (from ) Tj ET Q q 0 0 0 rg BT 187.93 90.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 222.12 90.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 248.25 90.75 Td (are ) Tj ET Q q 0 0 0 rg BT 262.98 90.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 306.59 90.75 Td (in ) Tj ET Q q 0 0 0 rg BT 316.90 90.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 339.95 90.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 370.80 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 381.10 90.75 Td (extreme ) Tj ET Q q 0 0 0 rg BT 415.83 90.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 449.99 90.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 496.68 90.75 Td (including ) Tj ET Q q 0 0 0 rg BT 536.98 90.75 Td (severe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.75 Td (cold, ) Tj ET Q q 0 0 0 rg BT 72.36 78.75 Td (snow ) Tj ET Q q 0 0 0 rg BT 96.62 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 114.20 78.75 Td (rain, ) Tj ET Q q 0 0 0 rg BT 135.39 78.75 Td (which ) Tj ET Q q 0 0 0 rg BT 162.98 78.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 207.79 78.75 Td (may ) Tj ET Q q 0 0 0 rg BT 228.15 78.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 253.50 78.75 Td (such ) Tj ET Q q 0 0 0 rg BT 274.97 78.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.77 78.75 Td (to ) Tj ET Q q 0 0 0 rg BT 330.70 78.75 Td (be ) Tj ET Q q 0 0 0 rg BT 343.28 78.75 Td (hindered ) Tj ET Q q 0 0 0 rg BT 381.41 78.75 Td (or ) Tj ET Q q 0 0 0 rg BT 392.88 78.75 Td (delayed, ) Tj ET Q q 0 0 0 rg BT 429.62 78.75 Td (or ) Tj ET Q q 0 0 0 rg BT 441.10 78.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 483.12 78.75 Td (require ) Tj ET Q q 0 0 0 rg BT 514.58 78.75 Td (that ) Tj ET Q q 0 0 0 rg BT 532.72 78.75 Td (they ) Tj ET Q q 0 0 0 rg BT 553.08 78.75 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 92.42 66.75 Td (only ) Tj ET Q q 0 0 0 rg BT 112.02 66.75 Td (during ) Tj ET Q q 0 0 0 rg BT 139.96 66.75 Td (non-winter ) Tj ET Q q 0 0 0 rg BT 185.66 66.75 Td (months, ) Tj ET Q q 0 0 0 rg BT 219.44 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.70 66.75 Td (depending ) Tj ET Q q 0 0 0 rg BT 279.18 66.75 Td (on ) Tj ET Q q 0 0 0 rg BT 291.01 66.75 Td (the ) Tj ET Q q 0 0 0 rg BT 305.05 66.75 Td (severity ) Tj ET Q q 0 0 0 rg BT 338.53 66.75 Td (of ) Tj ET Q q 0 0 0 rg BT 348.69 66.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.73 66.75 Td (weather) Tj ET Q q 0 0 0 rg BT 393.98 66.75 Td (, ) Tj ET Q q 0 0 0 rg BT 398.30 66.75 Td (could ) Tj ET Q q 0 0 0 rg BT 422.35 66.75 Td (have ) Tj ET Q q 0 0 0 rg BT 443.05 66.75 Td (a ) Tj ET Q q 0 0 0 rg BT 449.31 66.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 485.01 66.75 Td (ef) Tj ET Q q 0 0 0 rg BT 492.60 66.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 509.41 66.75 Td (on ) Tj ET Q q 0 0 0 rg BT 521.24 66.75 Td (our ) Tj ET Q q 0 0 0 rg BT 536.39 66.75 Td (results ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.26 726.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 102.34 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.55 726.60 Td (these ) Tj ET Q q 0 0 0 rg BT 133.52 726.60 Td (areas. ) Tj ET Q q 0 0 0 rg BT 157.98 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 159.41 726.60 Td (Further) Tj ET Q q 0 0 0 rg BT 188.45 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 192.38 726.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 221.01 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.76 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 245.52 726.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 288.60 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 297.81 726.60 Td (these ) Tj ET Q q 0 0 0 rg BT 319.78 726.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 341.75 726.60 Td (are ) Tj ET Q q 0 0 0 rg BT 355.38 726.60 Td (confined ) Tj ET Q q 0 0 0 rg BT 391.79 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 401.00 726.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 429.63 726.60 Td (time ) Tj ET Q q 0 0 0 rg BT 448.83 726.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 479.70 726.60 Td (due ) Tj ET Q q 0 0 0 rg BT 495.56 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.77 726.60 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 98.71 714.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 128.74 714.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 175.45 714.60 Td (on ) Tj ET Q q 0 0 0 rg BT 187.72 714.60 Td (when ) Tj ET Q q 0 0 0 rg BT 211.66 714.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 243.38 714.60 Td (can ) Tj ET Q q 0 0 0 rg BT 259.53 714.60 Td (take ) Tj ET Q q 0 0 0 rg BT 278.46 714.60 Td (place ) Tj ET Q q 0 0 0 rg BT 301.83 714.60 Td (on ) Tj ET Q q 0 0 0 rg BT 314.10 714.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 344.13 714.60 Td (lands, ) Tj ET Q q 0 0 0 rg BT 370.02 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.73 714.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 408.99 714.60 Td (stipulations ) Tj ET Q q 0 0 0 rg BT 457.38 714.60 Td (designed ) Tj ET Q q 0 0 0 rg BT 495.20 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.26 714.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 535.30 714.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (wildlife, ) Tj ET Q q 0 0 0 rg BT 85.74 702.60 Td (which ) Tj ET Q q 0 0 0 rg BT 112.81 702.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 162.38 702.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 209.45 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.53 702.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 271.94 702.60 Td (could ) Tj ET Q q 0 0 0 rg BT 296.79 702.60 Td (slow ) Tj ET Q q 0 0 0 rg BT 318.32 702.60 Td (down ) Tj ET Q q 0 0 0 rg BT 343.18 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 359.14 702.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 405.93 702.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 430.78 702.60 Td (delays, ) Tj ET Q q 0 0 0 rg BT 461.46 702.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 496.85 702.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 519.49 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.56 702.60 Td (have ) Tj ET Q q 0 0 0 rg BT 558.07 702.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 86.54 690.60 Td (ef) Tj ET Q q 0 0 0 rg BT 94.13 690.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 112.29 690.60 Td (on ) Tj ET Q q 0 0 0 rg BT 125.46 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 141.96 690.60 Td (results ) Tj ET Q q 0 0 0 rg BT 171.24 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 182.74 690.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 230.06 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.23 690.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 251.95 690.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.78 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 307.73 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.12 690.60 Td (coastal ) Tj ET Q q 0 0 0 rg BT 354.05 690.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 377.76 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.26 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.65 690.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 426.15 690.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 452.09 690.60 Td (region ) Tj ET Q q 0 0 0 rg BT 480.81 690.60 Td (may ) Tj ET Q q 0 0 0 rg BT 501.20 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 513.81 690.60 Td (subjected ) Tj ET Q q 0 0 0 rg BT 554.74 690.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 82.85 678.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 117.31 678.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 161.79 678.60 Td (such ) Tj ET Q q 0 0 0 rg BT 182.93 678.60 Td (as ) Tj ET Q q 0 0 0 rg BT 194.07 678.60 Td (hurricanes, ) Tj ET Q q 0 0 0 rg BT 241.03 678.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 277.73 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 294.98 678.60 Td (tropical ) Tj ET Q q 0 0 0 rg BT 328.33 678.60 Td (storms ) Tj ET Q q 0 0 0 rg BT 357.82 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.41 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 385.66 678.60 Td (around ) Tj ET Q q 0 0 0 rg BT 416.24 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.27 678.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 452.41 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 463.55 678.60 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 496.91 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 514.72 678.60 Td (can ) Tj ET Q q 0 0 0 rg BT 531.41 678.60 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.35 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 79.08 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 109.14 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 124.76 666.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 161.49 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.22 666.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 213.28 666.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 247.24 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.97 666.60 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 294.05 666.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 340.50 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 367.23 666.60 Td (can ) Tj ET Q q 0 0 0 rg BT 383.40 666.60 Td (also ) Tj ET Q q 0 0 0 rg BT 401.80 666.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 436.85 666.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 459.14 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.88 666.60 Td (have ) Tj ET Q q 0 0 0 rg BT 497.05 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 503.78 666.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 539.94 666.60 Td (ef) Tj ET Q q 0 0 0 rg BT 547.53 666.60 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 654.60 Td (results ) Tj ET Q q 0 0 0 rg BT 106.44 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.27 654.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (If ) Tj ET Q q 0 0 0 rg BT 59.29 630.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 109.62 630.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 137.73 630.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 170.29 630.60 Td (appr) Tj ET Q q 0 0 0 rg BT 190.67 630.60 Td (eciably) Tj ET Q q 0 0 0 rg BT 220.11 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 225.17 630.60 Td (we ) Tj ET Q q 0 0 0 rg BT 239.40 630.60 Td (may ) Tj ET Q q 0 0 0 rg BT 260.29 630.60 Td (be ) Tj ET Q q 0 0 0 rg BT 272.85 630.60 Td (r) Tj ET Q q 0 0 0 rg BT 277.11 630.60 Td (equir) Tj ET Q q 0 0 0 rg BT 299.71 630.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 312.27 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.17 630.60 Td (write ) Tj ET Q q 0 0 0 rg BT 347.94 630.60 Td (down ) Tj ET Q q 0 0 0 rg BT 373.85 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.74 630.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 428.96 630.60 Td (value ) Tj ET Q q 0 0 0 rg BT 454.30 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.19 630.60 Td (our) Tj ET Q q 0 0 0 rg BT 480.01 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 482.58 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 495.70 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.38 630.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 548.62 630.60 Td (gas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (pr) Tj ET Q q 0 0 0 rg BT 59.32 618.60 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.60 594.60 Td (full ) Tj ET Q q 0 0 0 rg BT 110.60 594.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 128.83 594.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 174.81 594.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 196.36 594.60 Td (related ) Tj ET Q q 0 0 0 rg BT 225.68 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.57 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 251.01 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.68 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.23 594.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 310.11 594.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 325.55 594.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 370.15 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 383.93 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 398.25 594.60 Td (required ) Tj ET Q q 0 0 0 rg BT 433.68 594.60 Td (each ) Tj ET Q q 0 0 0 rg BT 454.10 594.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 484.53 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.42 594.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 528.75 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 535.30 594.60 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (test ) Tj ET Q q 0 0 0 rg BT 65.82 582.60 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 114.61 582.60 Td (with ) Tj ET Q q 0 0 0 rg BT 134.82 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.47 582.60 Td (net ) Tj ET Q q 0 0 0 rg BT 164.11 582.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 209.85 582.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.28 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.04 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 258.79 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.78 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.65 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 318.84 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 334.60 582.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 377.01 582.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 407.77 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.98 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.63 582.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 457.83 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.58 582.60 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 520.99 582.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 539.53 582.60 Td (or ) Tj ET Q q 0 0 0 rg BT 550.29 582.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.38 570.60 Td (center ) Tj ET Q q 0 0 0 rg BT 95.57 570.60 Td (ceiling. ) Tj ET Q q 0 0 0 rg BT 128.05 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 130.61 570.60 Td (The ) Tj ET Q q 0 0 0 rg BT 148.93 570.60 Td (present ) Tj ET Q q 0 0 0 rg BT 180.57 570.60 Td (value ) Tj ET Q q 0 0 0 rg BT 205.00 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.09 570.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 257.18 570.60 Td (future ) Tj ET Q q 0 0 0 rg BT 283.83 570.60 Td (net ) Tj ET Q q 0 0 0 rg BT 298.81 570.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.12 570.60 Td (from ) Tj ET Q q 0 0 0 rg BT 359.32 570.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 389.86 570.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.18 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.39 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 450.92 570.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 467.02 570.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 502.54 570.60 Td (included ) Tj ET Q q 0 0 0 rg BT 539.74 570.60 Td (in ) 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 (cost ) Tj ET Q q 0 0 0 rg BT 68.85 558.60 Td (center ) Tj ET Q q 0 0 0 rg BT 96.51 558.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 126.96 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 136.86 558.60 Td (based ) Tj ET Q q 0 0 0 rg BT 162.87 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 176.11 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.56 558.60 Td (average ) Tj ET Q q 0 0 0 rg BT 225.88 558.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 319.09 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 332.88 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.56 558.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.56 558.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 398.13 558.60 Td (price ) Tj ET Q q 0 0 0 rg BT 421.35 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 436.25 558.60 Td (each ) Tj ET Q q 0 0 0 rg BT 457.80 558.60 Td (month ) Tj ET Q q 0 0 0 rg BT 486.59 558.60 Td (during ) Tj ET Q q 0 0 0 rg BT 515.94 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 523.62 558.60 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (rolling ) Tj ET Q q 0 0 0 rg BT 78.19 546.60 Td (period ) Tj ET Q q 0 0 0 rg BT 105.75 546.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 127.21 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.01 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.25 546.60 Td (end ) Tj ET Q q 0 0 0 rg BT 167.71 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.06 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 184.52 546.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 224.86 546.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 263.53 546.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 293.60 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 295.62 546.60 Td (During ) Tj ET Q q 0 0 0 rg BT 325.97 546.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 348.00 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 364.46 546.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 388.98 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 402.66 546.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 439.66 546.60 Td (full ) Tj ET Q q 0 0 0 rg BT 455.56 546.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 473.69 546.60 Td (pool ) Tj ET Q q 0 0 0 rg BT 493.49 546.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 522.73 546.60 Td (test ) Tj ET Q q 0 0 0 rg BT 538.64 546.60 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (downs ) Tj ET Q q 0 0 0 rg BT 77.93 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 88.57 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 104.21 534.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 117.08 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.83 534.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 163.90 534.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 179.55 534.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 221.84 534.60 Td (totaling ) Tj ET Q q 0 0 0 rg BT 254.71 534.60 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 274.52 534.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 302.94 534.60 Td (\($3.1 ) Tj ET Q q 0 0 0 rg BT 326.09 534.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 354.51 534.60 Td (net ) Tj ET Q q 0 0 0 rg BT 369.04 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 379.68 534.60 Td (tax\) ) Tj ET Q q 0 0 0 rg BT 397.54 534.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.29 534.60 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 444.10 534.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 475.31 534.60 Td (\($508.2 ) Tj ET Q q 0 0 0 rg BT 508.45 534.60 Td (million ) Tj ET Q q 0 0 0 rg BT 539.65 534.60 Td (net ) Tj ET Q q 0 0 0 rg BT 554.18 534.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (tax\), ) Tj ET Q q 0 0 0 rg BT 69.85 522.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 117.51 522.60 Td (. ) Tj ET Q q 0 0 0 rg BT 122.31 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 124.44 522.60 Td (W) Tj ET Q q 0 0 0 rg BT 133.08 522.60 Td (e ) Tj ET Q q 0 0 0 rg BT 139.82 522.60 Td (did ) Tj ET Q q 0 0 0 rg BT 154.90 522.60 Td (not ) Tj ET Q q 0 0 0 rg BT 169.97 522.60 Td (have ) Tj ET Q q 0 0 0 rg BT 191.15 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 197.89 522.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 227.40 522.60 Td (test ) Tj ET Q q 0 0 0 rg BT 243.59 522.60 Td (write-down ) Tj ET Q q 0 0 0 rg BT 291.99 522.60 Td (during ) Tj ET Q q 0 0 0 rg BT 320.39 522.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 345.19 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.49 522.60 Td (Future ) Tj ET Q q 0 0 0 rg BT 375.90 522.60 Td (material ) Tj ET Q q 0 0 0 rg BT 410.96 522.60 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 463.25 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 473.88 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 489.51 522.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.37 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.10 522.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 522.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 94.32 510.60 Td (as ) Tj ET Q q 0 0 0 rg BT 104.99 510.60 Td (well ) Tj ET Q q 0 0 0 rg BT 124.54 510.60 Td (as ) Tj ET Q q 0 0 0 rg BT 135.20 510.60 Td (future ) Tj ET Q q 0 0 0 rg BT 161.42 510.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 209.85 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.52 510.60 Td (other ) Tj ET Q q 0 0 0 rg BT 243.40 510.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 286.84 510.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 315.00 510.60 Td (could ) Tj ET Q q 0 0 0 rg BT 339.56 510.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 391.88 510.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 420.86 510.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 457.07 510.60 Td (during ) Tj ET Q q 0 0 0 rg BT 485.52 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.07 510.60 Td (period ) Tj ET Q q 0 0 0 rg BT 527.95 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 538.07 510.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 498.60 Td (write-down ) Tj ET Q q 0 0 0 rg BT 119.93 498.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 148.48 498.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 197.59 498.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 226.69 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.13 498.60 Td (would ) Tj ET Q q 0 0 0 rg BT 272.13 498.60 Td (result ) Tj ET Q q 0 0 0 rg BT 297.35 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 308.13 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 315.57 498.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 375.78 498.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 416.55 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 427.33 498.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 471.44 498.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.77 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 515.21 498.60 Td (equity) Tj ET Q q 0 0 0 rg BT 539.56 498.60 Td (. ) Tj ET Q q 0 0 0 rg BT 545.06 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 498.60 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 70.29 486.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 80.25 486.60 Td (Management) Tj ET Q q 0 0 0 rg BT 134.50 486.60 Td (s ) Tj ET Q q 0 0 0 rg BT 140.85 486.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 187.21 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.50 486.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 240.85 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 251.09 486.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 292.43 486.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 334.90 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.36 486.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 383.71 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.96 486.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 438.96 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 441.42 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 448.88 486.60 Td (Critical ) Tj ET Q q 0 0 0 rg BT 482.28 486.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 530.29 486.60 Td (Policies ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.00 474.60 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.89 474.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (Conversion ) Tj ET Q q 0 0 0 rg BT 101.26 450.60 Td (into ) Tj ET Q q 0 0 0 rg BT 120.80 450.60 Td (common ) Tj ET Q q 0 0 0 rg BT 160.33 450.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 185.42 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.62 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.82 450.60 Td (3% ) Tj ET Q q 0 0 0 rg BT 238.18 450.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 291.60 450.60 Td (Senior) Tj ET Q q 0 0 0 rg BT 319.20 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 322.07 450.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 348.82 450.60 Td (due ) Tj ET Q q 0 0 0 rg BT 367.25 450.60 Td (2024 ) Tj ET Q q 0 0 0 rg BT 390.12 450.60 Td (or) Tj ET Q q 0 0 0 rg BT 399.37 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 402.24 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.44 450.60 Td (5% ) Tj ET Q q 0 0 0 rg BT 436.31 450.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 489.72 450.60 Td (Senior) Tj ET Q q 0 0 0 rg BT 517.32 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 520.19 450.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 546.94 450.60 Td (due ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (2023 ) Tj ET Q q 0 0 0 rg BT 71.67 438.60 Td (may ) Tj ET Q q 0 0 0 rg BT 92.18 438.60 Td (dilute ) Tj ET Q q 0 0 0 rg BT 118.80 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.31 438.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 180.93 438.60 Td (inter) Tj ET Q q 0 0 0 rg BT 201.30 438.60 Td (est ) Tj ET Q q 0 0 0 rg BT 215.13 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.64 438.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 260.59 438.60 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 319.16 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.45 438.60 Td (might ) Tj ET Q q 0 0 0 rg BT 364.63 438.60 Td (depr) Tj ET Q q 0 0 0 rg BT 384.45 438.60 Td (ess ) Tj ET Q q 0 0 0 rg BT 398.84 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.35 438.60 Td (market ) Tj ET Q q 0 0 0 rg BT 447.62 438.60 Td (price ) Tj ET Q q 0 0 0 rg BT 471.45 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.96 438.60 Td (our) Tj ET Q q 0 0 0 rg BT 496.77 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 498.95 438.60 Td (common ) Tj ET Q q 0 0 0 rg BT 537.78 438.60 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.45 414.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 131.72 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.45 414.60 Td (some ) Tj ET Q q 0 0 0 rg BT 165.96 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 176.69 414.60 Td (all ) Tj ET Q q 0 0 0 rg BT 189.09 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.82 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.43 414.60 Td (3% ) Tj ET Q q 0 0 0 rg BT 237.66 414.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 287.28 414.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 315.78 414.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 341.51 414.60 Td (due ) Tj ET Q q 0 0 0 rg BT 358.35 414.60 Td (2024 ) Tj ET Q q 0 0 0 rg BT 380.75 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 391.48 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.10 414.60 Td (5% ) Tj ET Q q 0 0 0 rg BT 421.83 414.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 471.44 414.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 499.95 414.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 525.68 414.60 Td (due ) Tj ET Q q 0 0 0 rg BT 542.52 414.60 Td (2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.31 402.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.45 402.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.45 402.60 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 97.66 402.60 Td (Long-T) Tj ET Q q 0 0 0 rg BT 126.19 402.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 143.45 402.60 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.89 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 167.10 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 176.58 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.50 402.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 244.98 402.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 283.90 402.60 Td (Statements\) ) Tj ET Q q 0 0 0 rg BT 332.82 402.60 Td (may ) Tj ET Q q 0 0 0 rg BT 351.74 402.60 Td (dilute ) Tj ET Q q 0 0 0 rg BT 376.22 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 390.15 402.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 433.51 402.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 468.55 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.58 402.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 511.95 402.60 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.74 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.98 390.60 Td (common ) Tj ET Q q 0 0 0 rg BT 114.89 390.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 141.40 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.67 390.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 163.80 390.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 186.15 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 196.84 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.97 390.60 Td (public ) Tj ET Q q 0 0 0 rg BT 239.87 390.60 Td (market ) Tj ET Q q 0 0 0 rg BT 270.55 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.79 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.91 390.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 324.81 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 336.06 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 352.30 390.60 Td (common ) Tj ET Q q 0 0 0 rg BT 390.20 390.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 414.22 390.60 Td (issuable ) Tj ET Q q 0 0 0 rg BT 449.35 390.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 472.26 390.60 Td (such ) Tj ET Q q 0 0 0 rg BT 493.50 390.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 540.28 390.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.37 378.60 Td (af) Tj ET Q q 0 0 0 rg BT 97.96 378.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.51 378.60 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 158.61 378.60 Td (market ) Tj ET Q q 0 0 0 rg BT 188.93 378.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 215.36 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.25 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.14 378.60 Td (common ) Tj ET Q q 0 0 0 rg BT 279.70 378.60 Td (stock. ) Tj ET Q q 0 0 0 rg BT 305.86 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 308.42 378.60 Td (In ) Tj ET Q q 0 0 0 rg BT 319.31 378.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 357.14 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.92 378.60 Td (existence ) Tj ET Q q 0 0 0 rg BT 411.68 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 422.57 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.34 378.60 Td (3% ) Tj ET Q q 0 0 0 rg BT 460.73 378.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 510.50 378.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 539.17 378.60 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (due ) Tj ET Q q 0 0 0 rg BT 65.54 366.60 Td (2024 ) Tj ET Q q 0 0 0 rg BT 87.14 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.17 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.99 366.60 Td (5% ) Tj ET Q q 0 0 0 rg BT 131.92 366.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 180.73 366.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 208.44 366.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 233.37 366.60 Td (due ) Tj ET Q q 0 0 0 rg BT 249.40 366.60 Td (2023 ) Tj ET Q q 0 0 0 rg BT 271.00 366.60 Td (may ) Tj ET Q q 0 0 0 rg BT 289.82 366.60 Td (encourage ) Tj ET Q q 0 0 0 rg BT 332.50 366.60 Td (short ) Tj ET Q q 0 0 0 rg BT 354.10 366.60 Td (selling ) Tj ET Q q 0 0 0 rg BT 382.37 366.60 Td (by ) Tj ET Q q 0 0 0 rg BT 393.97 366.60 Td (market ) Tj ET Q q 0 0 0 rg BT 423.33 366.60 Td (participants ) Tj ET Q q 0 0 0 rg BT 471.58 366.60 Td (because ) Tj ET Q q 0 0 0 rg BT 504.82 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 366.60 Td (conversion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.98 354.60 Td (both ) Tj ET Q q 0 0 0 rg BT 79.91 354.60 Td (series ) Tj ET Q q 0 0 0 rg BT 104.83 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.32 354.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 138.58 354.60 Td (could ) Tj ET Q q 0 0 0 rg BT 162.95 354.60 Td (be ) Tj ET Q q 0 0 0 rg BT 174.54 354.60 Td (used ) Tj ET Q q 0 0 0 rg BT 195.02 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 204.95 354.60 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 233.21 354.60 Td (short ) Tj ET Q q 0 0 0 rg BT 255.36 354.60 Td (positions, ) Tj ET Q q 0 0 0 rg BT 296.13 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 312.72 354.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 358.74 354.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 404.77 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.26 354.60 Td (both ) Tj ET Q q 0 0 0 rg BT 435.19 354.60 Td (series ) Tj ET Q q 0 0 0 rg BT 460.11 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.59 354.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 493.85 354.60 Td (into ) Tj ET Q q 0 0 0 rg BT 511.56 354.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 538.70 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 354.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 342.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.60 342.60 Td (could ) Tj ET Q q 0 0 0 rg BT 135.32 342.60 Td (depress ) Tj ET Q q 0 0 0 rg BT 167.81 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.53 342.60 Td (market ) Tj ET Q q 0 0 0 rg BT 212.79 342.60 Td (price ) Tj ET Q q 0 0 0 rg BT 235.28 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.11 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 261.94 342.60 Td (common ) Tj ET Q q 0 0 0 rg BT 299.43 342.60 Td (stock.) 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 49.5 317.03505859375 m 210.96484375 317.03505859375 l s q 0 0 0 rg BT 49.50 318.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 318.60 Td (1B.Unr) Tj ET Q q 0 0 0 rg BT 108.20 318.60 Td (esolved ) Tj ET Q q 0 0 0 rg BT 141.81 318.60 Td (Staff ) Tj ET Q q 0 0 0 rg BT 164.86 318.60 Td (Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (There ) Tj ET Q q 0 0 0 rg BT 93.03 294.60 Td (are ) Tj ET Q q 0 0 0 rg BT 107.44 294.60 Td (no ) Tj ET Q q 0 0 0 rg BT 119.66 294.60 Td (unresolved ) Tj ET Q q 0 0 0 rg BT 165.74 294.60 Td (written ) Tj ET Q q 0 0 0 rg BT 196.28 294.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 216.83 294.60 Td (staf) Tj ET Q q 0 0 0 rg BT 231.09 294.60 Td (f ) Tj ET Q q 0 0 0 rg BT 236.63 294.60 Td (comments ) Tj ET Q q 0 0 0 rg BT 279.94 294.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 320.47 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 336.01 294.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 370.99 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 381.53 294.60 Td (current ) Tj ET Q q 0 0 0 rg BT 412.05 294.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 442.03 294.60 Td (under ) Tj ET Q q 0 0 0 rg BT 467.01 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.44 294.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 523.08 294.60 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.44 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.27 282.60 Td (1934 ) Tj ET Q q 0 0 0 rg BT 99.77 282.60 Td (received ) Tj ET Q q 0 0 0 rg BT 136.13 282.60 Td (180 ) Tj ET Q q 0 0 0 rg BT 153.63 282.60 Td (days ) Tj ET Q q 0 0 0 rg BT 174.46 282.60 Td (or ) Tj ET Q q 0 0 0 rg BT 185.29 282.60 Td (more ) Tj ET Q q 0 0 0 rg BT 208.34 282.60 Td (before ) Tj ET Q q 0 0 0 rg BT 236.38 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.09 282.60 Td (end ) Tj ET Q q 0 0 0 rg BT 268.03 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.86 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.58 282.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 317.73 282.60 Td (year ) Tj ET Q q 0 0 0 rg BT 337.44 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.72 282.60 Td (which ) Tj ET Q q 0 0 0 rg BT 374.66 282.60 Td (this ) Tj ET Q q 0 0 0 rg BT 391.60 282.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 420.76 282.60 Td (report ) Tj ET Q q 0 0 0 rg BT 447.14 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 459.64 282.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 483.81 282.60 Td (10-K ) Tj ET Q q 0 0 0 rg BT 506.86 282.60 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 49.5 257.03505859375 m 128.7333984375 257.03505859375 l s q 0 0 0 rg BT 49.50 258.60 Td (Item 2.Pr) Tj ET Q q 0 0 0 rg BT 94.86 258.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 117.85 234.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 158.75 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.54 234.60 Td (Company) Tj ET Q q 0 0 0 rg BT 215.21 234.60 Td (s ) Tj ET Q q 0 0 0 rg BT 221.68 234.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 264.25 234.60 Td (called ) Tj ET Q q 0 0 0 rg BT 290.71 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 304.95 234.60 Td (by ) Tj ET Q q 0 0 0 rg BT 317.53 234.60 Td (this ) Tj ET Q q 0 0 0 rg BT 334.57 234.60 Td (item ) Tj ET Q q 0 0 0 rg BT 354.92 234.60 Td (is ) Tj ET Q q 0 0 0 rg BT 364.17 234.60 Td (included ) Tj ET Q q 0 0 0 rg BT 401.19 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 411.55 234.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 432.46 234.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 437.46 234.60 Td (, ) Tj ET Q q 0 0 0 rg BT 442.54 234.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 480.13 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.71 234.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 507.34 234.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 542.14 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.72 234.60 Td (Oil ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.48 222.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 101.58 222.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 120.68 222.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.68 222.60 Td (.) Tj ET Q q 0 0 0 rg BT 173.00 222.60 Td (W) Tj ET Q q 0 0 0 rg BT 181.64 222.60 Td (e ) Tj ET Q q 0 0 0 rg BT 189.06 222.60 Td (also ) Tj ET Q q 0 0 0 rg BT 208.15 222.60 Td (have ) Tj ET Q q 0 0 0 rg BT 230.01 222.60 Td (various ) Tj ET Q q 0 0 0 rg BT 262.43 222.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.17 222.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 330.03 222.60 Td (for ) Tj ET Q q 0 0 0 rg BT 344.68 222.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 370.42 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.73 222.60 Td (of) Tj ET Q q 0 0 0 rg BT 389.88 222.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 407.85 222.60 Td (space, ) Tj ET Q q 0 0 0 rg BT 435.54 222.60 Td (of) Tj ET Q q 0 0 0 rg BT 443.69 222.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 461.66 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.08 222.60 Td (field ) Tj ET Q q 0 0 0 rg BT 500.39 222.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 548.08 222.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (vehicles.See ) Tj ET Q q 0 0 0 rg BT 105.61 210.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 125.35 210.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 134.27 210.60 Td (Management) Tj ET Q q 0 0 0 rg BT 188.51 210.60 Td (s ) Tj ET Q q 0 0 0 rg BT 193.82 210.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 239.12 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.43 210.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 290.73 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.92 210.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 340.22 210.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 381.63 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.05 210.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 428.35 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 437.54 210.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 482.54 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 483.95 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 490.36 210.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 521.78 210.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 549.74 210.60 Td (ces ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.28 198.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 106.17 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 113.96 198.60 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 165.61 198.60 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 189.84 198.60 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 251.78 198.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 198.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 291.22 198.60 Td (1) Tj ET Q q 0 0 0 rg BT 295.85 198.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.85 198.60 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.13 198.60 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 363.91 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.69 198.60 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.91 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 444.19 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.75 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.74 198.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 525.30 198.60 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 110.04 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.76 186.60 Td (future ) Tj ET Q q 0 0 0 rg BT 151.14 186.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 192.53 186.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 217.79 186.60 Td (payments.Such ) Tj ET Q q 0 0 0 rg BT 286.12 186.60 Td (information ) Tj ET Q q 0 0 0 rg BT 335.83 186.60 Td (is ) Tj ET Q q 0 0 0 rg BT 345.00 186.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 398.03 186.60 Td (herein ) Tj ET Q q 0 0 0 rg BT 425.52 186.60 Td (by ) Tj ET Q q 0 0 0 rg BT 438.02 186.60 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 49.5 161.03505859375002 m 162.3515625 161.03505859375002 l s q 0 0 0 rg BT 49.50 162.60 Td (Item 3.Legal Pr) Tj ET Q q 0 0 0 rg BT 121.24 162.60 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 138.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.82 138.60 Td (are ) Tj ET Q q 0 0 0 rg BT 99.26 138.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 137.50 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.52 138.60 Td (various ) Tj ET Q q 0 0 0 rg BT 181.19 138.60 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 219.71 138.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 249.06 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 266.73 138.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 311.07 138.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 362.62 138.60 Td (incidental ) Tj ET Q q 0 0 0 rg BT 405.29 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.31 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.88 138.60 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 480.84 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 483.85 138.60 Td (While ) Tj ET Q q 0 0 0 rg BT 511.52 138.60 Td (we ) Tj ET Q q 0 0 0 rg BT 526.42 138.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.92 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 98.46 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.22 126.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 148.54 126.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 185.52 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.39 126.60 Td (these ) Tj ET Q q 0 0 0 rg BT 219.49 126.60 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 272.85 126.60 Td (individually ) Tj ET Q q 0 0 0 rg BT 323.73 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.71 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.04 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.80 126.60 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 409.71 126.60 Td (will ) Tj ET Q q 0 0 0 rg BT 427.81 126.60 Td (not ) Tj ET Q q 0 0 0 rg BT 443.14 126.60 Td (have ) Tj ET Q q 0 0 0 rg BT 464.56 126.60 Td (a ) Tj ET Q q 0 0 0 rg BT 471.54 126.60 Td (material ) Tj ET Q q 0 0 0 rg BT 506.85 126.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.93 126.60 Td (ef) Tj ET Q q 0 0 0 rg BT 547.52 126.60 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (on ) Tj ET Q q 0 0 0 rg BT 60.86 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 75.56 114.60 Td (business ) Tj ET Q q 0 0 0 rg BT 110.82 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 120.51 114.60 Td (finances, ) Tj ET Q q 0 0 0 rg BT 157.69 114.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 195.16 114.60 Td (is ) Tj ET Q q 0 0 0 rg BT 203.20 114.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 232.89 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 242.03 114.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 276.16 114.60 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 331.11 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 332.18 114.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 371.32 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 377.12 114.60 Td (single ) Tj ET Q q 0 0 0 rg BT 402.38 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 412.07 114.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 446.76 114.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 478.67 114.60 Td (rulings ) Tj ET Q q 0 0 0 rg BT 507.81 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 517.50 114.60 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.27 102.60 Td (possibly ) Tj ET Q q 0 0 0 rg BT 110.16 102.60 Td (have ) Tj ET Q q 0 0 0 rg BT 131.59 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 138.59 102.60 Td (material ) Tj ET Q q 0 0 0 rg BT 173.90 102.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 206.99 102.60 Td (ef) Tj ET Q q 0 0 0 rg BT 214.58 102.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 232.12 102.60 Td (on ) Tj ET Q q 0 0 0 rg BT 244.67 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 260.55 102.60 Td (business ) Tj ET Q q 0 0 0 rg BT 297.00 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 307.88 102.60 Td (finances, ) Tj ET Q q 0 0 0 rg BT 346.25 102.60 Td (we ) Tj ET Q q 0 0 0 rg BT 360.47 102.60 Td (only ) Tj ET Q q 0 0 0 rg BT 380.80 102.60 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90.60 Td (estimated.) 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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 /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 72.54 726.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 98.37 726.60 Td (Helium ) Tj ET Q q 0 0 0 rg BT 130.31 726.60 Td (Supply ) Tj ET Q q 0 0 0 rg BT 160.02 726.60 Td (Contract ) Tj ET Q q 0 0 0 rg BT 198.08 726.60 Td (Claim) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (As ) Tj ET Q q 0 0 0 rg BT 82.00 702.60 Td (part ) Tj ET Q q 0 0 0 rg BT 100.93 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.65 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 129.36 702.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 152.75 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.57 702.60 Td (201) Tj ET Q q 0 0 0 rg BT 185.20 702.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 193.58 702.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 244.74 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.46 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.06 702.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 297.11 702.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 324.38 702.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 345.55 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 363.37 702.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.85 702.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 424.56 702.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 470.72 702.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 502.42 702.60 Td (that ) Tj ET Q q 0 0 0 rg BT 520.80 702.60 Td (was ) Tj ET Q q 0 0 0 rg BT 539.74 702.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (construction, ) Tj ET Q q 0 0 0 rg BT 103.48 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.74 690.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.66 690.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 195.15 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 201.63 690.60 Td (20-year ) Tj ET Q q 0 0 0 rg BT 234.21 690.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 264.02 690.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 292.73 690.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 326.98 690.60 Td (under ) Tj ET Q q 0 0 0 rg BT 351.79 690.60 Td (which ) Tj ET Q q 0 0 0 rg BT 378.27 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 391.97 690.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 420.66 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 430.48 690.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 459.19 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.45 690.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 503.27 690.60 Td (separated ) Tj ET Q q 0 0 0 rg BT 543.07 690.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 678.60 Td (full ) Tj ET Q q 0 0 0 rg BT 81.98 678.60 Td (well ) Tj ET Q q 0 0 0 rg BT 102.39 678.60 Td (stream ) Tj ET Q q 0 0 0 rg BT 132.23 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 145.42 678.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 186.37 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.89 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.29 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 229.81 678.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 275.77 678.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 307.28 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 318.25 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 325.87 678.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 371.82 678.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 410.29 678.60 Td (, ) Tj ET Q q 0 0 0 rg BT 415.28 678.60 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 453.47 678.60 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 489.15 678.60 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 516.00 678.60 Td (The ) Tj ET Q q 0 0 0 rg BT 534.73 678.60 Td (helium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 78.92 666.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 113.88 666.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 151.07 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 165.48 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.45 666.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 215.97 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 227.05 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 234.24 666.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 275.89 666.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 320.28 666.60 Td (quantity ) Tj ET Q q 0 0 0 rg BT 355.81 666.60 Td (of ) Tj ET Q 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BT 364.82 654.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 405.28 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 415.20 654.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 444.56 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 458.35 654.60 Td (not ) Tj ET Q q 0 0 0 rg BT 472.72 654.60 Td (supplied ) Tj ET Q q 0 0 0 rg BT 508.19 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 517.55 654.60 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.55 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 84.04 642.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 108.52 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 119.12 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.61 642.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 170.58 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 172.69 642.60 Td (The ) Tj ET Q q 0 0 0 rg BT 190.51 642.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 232.77 642.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 270.02 642.60 Td (are ) Tj ET Q q 0 0 0 rg BT 284.50 642.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 322.87 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.92 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.40 642.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 381.88 642.60 Td (at ) Tj ET Q q 0 0 0 rg BT 391.36 642.60 Td (up ) Tj ET Q q 0 0 0 rg BT 403.63 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 413.68 642.60 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 433.45 642.60 Td (million ) Tj ET Q q 0 0 0 rg BT 464.61 642.60 Td (per ) Tj ET Q q 0 0 0 rg BT 479.65 642.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 514.13 642.60 Td (year ) Tj ET Q q 0 0 0 rg BT 533.60 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.31 642.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (capped ) Tj ET Q q 0 0 0 rg BT 79.41 630.60 Td (at ) Tj ET Q q 0 0 0 rg BT 88.21 630.60 Td (an ) Tj ET Q q 0 0 0 rg BT 99.24 630.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 139.70 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.62 630.60 Td ($46.0 ) Tj ET Q q 0 0 0 rg BT 173.71 630.60 Td (million ) Tj ET Q q 0 0 0 rg BT 204.19 630.60 Td (over ) Tj ET Q q 0 0 0 rg BT 223.55 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.36 630.60 Td (term ) Tj ET Q q 0 0 0 rg BT 257.27 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.19 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 281.00 630.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 317.29 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 318.53 630.60 Td (As ) Tj ET Q q 0 0 0 rg BT 331.24 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.05 630.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 359.97 630.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 404.33 630.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 434.24 630.60 Td (has ) Tj ET Q q 0 0 0 rg BT 449.16 630.60 Td (been ) Tj ET Q q 0 0 0 rg BT 469.63 630.60 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 499.00 630.60 Td (since ) Tj ET Q q 0 0 0 rg BT 521.13 630.60 Td (mid-2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.52 618.60 Td (have ) Tj ET Q q 0 0 0 rg BT 84.75 618.60 Td (not ) Tj ET Q q 0 0 0 rg BT 99.88 618.60 Td (been ) Tj ET Q q 0 0 0 rg BT 121.12 618.60 Td (able ) Tj ET Q q 0 0 0 rg BT 140.13 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 150.26 618.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 179.29 618.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 209.42 618.60 Td (under ) Tj ET Q q 0 0 0 rg BT 234.54 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.11 618.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 279.24 618.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 308.27 618.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 347.31 618.60 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 384.67 618.60 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 419.52 618.60 Td (LLC ) Tj ET Q q 0 0 0 rg BT 440.76 618.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 461.44 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 468.24 618.60 Td (case ) Tj ET Q q 0 0 0 rg BT 487.80 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 497.94 618.60 Td (November ) Tj ET Q q 0 0 0 rg BT 542.50 618.60 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.44 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 73.82 606.60 Td (Ninth ) Tj ET Q q 0 0 0 rg BT 98.76 606.60 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 132.02 606.60 Td (District ) Tj ET Q q 0 0 0 rg BT 164.18 606.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 189.11 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.60 606.60 Td (Sublette ) Tj ET Q q 0 0 0 rg BT 234.54 606.60 Td (County) Tj ET Q q 0 0 0 rg BT 263.34 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 267.84 606.60 Td (W) Tj ET Q q 0 0 0 rg BT 276.68 606.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 311.90 606.60 Td (claiming ) Tj ET Q q 0 0 0 rg BT 349.05 606.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 384.54 606.60 Td (years ) Tj ET Q q 0 0 0 rg BT 407.80 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 418.29 606.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 460.44 606.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 497.59 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 511.41 606.60 Td (non-delivery ) 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 60.96 594.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 97.98 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.44 594.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 140.34 594.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 179.56 594.60 Td (under ) Tj ET Q q 0 0 0 rg BT 205.46 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.81 594.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 251.71 594.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 281.51 594.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 319.34 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 322.47 594.60 Td (In ) Tj ET Q q 0 0 0 rg BT 333.93 594.60 Td (response, ) Tj ET Q q 0 0 0 rg BT 374.55 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 389.34 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 404.68 594.60 Td (taking ) Tj ET Q q 0 0 0 rg BT 432.81 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 448.15 594.60 Td (position ) Tj ET Q q 0 0 0 rg BT 483.51 594.60 Td (that ) Tj ET Q q 0 0 0 rg BT 501.63 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 518.09 594.60 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.54 582.60 Td (are ) Tj ET Q q 0 0 0 rg BT 113.35 582.60 Td (excused ) Tj ET Q q 0 0 0 rg BT 149.16 582.60 Td (by ) Tj ET Q q 0 0 0 rg BT 162.76 582.60 Td (virtue ) Tj ET Q q 0 0 0 rg BT 189.69 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.62 582.60 Td (events ) Tj ET Q q 0 0 0 rg BT 230.77 582.60 Td (that ) Tj ET Q q 0 0 0 rg BT 249.36 582.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 266.29 582.60 Td (within ) Tj ET Q q 0 0 0 rg BT 295.45 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.27 582.60 Td (force ) Tj ET Q q 0 0 0 rg BT 335.40 582.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 371.21 582.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 416.48 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 427.86 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.67 582.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 475.05 582.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 505.32 582.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 543.62 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 582.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (evidentiary ) Tj ET Q q 0 0 0 rg BT 96.94 570.60 Td (phase ) Tj ET Q q 0 0 0 rg BT 122.17 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 132.95 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.63 570.60 Td (trial ) Tj ET Q q 0 0 0 rg BT 166.19 570.60 Td (closed ) Tj ET Q q 0 0 0 rg BT 194.20 570.60 Td (on ) Tj ET Q q 0 0 0 rg BT 206.66 570.60 Td (November ) Tj ET Q q 0 0 0 rg BT 251.32 570.60 Td (29, ) Tj ET Q q 0 0 0 rg BT 266.28 570.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 291.24 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 293.52 570.60 Td (The ) Tj ET Q q 0 0 0 rg BT 311.52 570.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 340.64 570.60 Td (submitted ) Tj ET Q q 0 0 0 rg BT 382.54 570.60 Td (written ) Tj ET Q q 0 0 0 rg BT 413.32 570.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 444.67 570.60 Td (briefs ) Tj ET Q q 0 0 0 rg BT 469.90 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.13 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.81 570.60 Td (District ) Tj ET Q q 0 0 0 rg BT 527.26 570.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 552.50 570.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (February ) Tj ET Q q 0 0 0 rg BT 89.38 558.60 Td (23, ) Tj ET Q q 0 0 0 rg BT 105.66 558.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 129.44 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 147.65 558.60 Td (have ) Tj ET Q q 0 0 0 rg BT 170.31 558.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 200.74 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 212.29 558.60 Td (submit ) Tj ET Q q 0 0 0 rg BT 243.30 558.60 Td (written ) Tj ET Q q 0 0 0 rg BT 275.40 558.60 Td (rebuttals ) Tj ET Q q 0 0 0 rg BT 313.62 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 325.17 558.60 Td (such ) Tj ET Q q 0 0 0 rg BT 347.28 558.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 379.95 558.60 Td (briefs ) Tj ET Q q 0 0 0 rg BT 406.50 558.60 Td (by ) Tj ET Q q 0 0 0 rg BT 420.28 558.60 Td (March ) Tj ET Q q 0 0 0 rg BT 450.15 558.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 466.43 558.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 492.71 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 496.49 558.60 Td (Following ) Tj ET Q q 0 0 0 rg BT 541.39 558.60 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (submissions, ) Tj ET Q q 0 0 0 rg BT 103.36 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.04 546.60 Td (case ) Tj ET Q q 0 0 0 rg BT 137.71 546.60 Td (will ) Tj ET Q q 0 0 0 rg BT 155.72 546.60 Td (be ) Tj ET Q q 0 0 0 rg BT 167.62 546.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 188.97 546.60 Td (submitted ) Tj ET Q q 0 0 0 rg BT 230.87 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 244.99 546.60 Td (determination ) Tj ET Q q 0 0 0 rg BT 302.99 546.60 Td (by ) Tj ET Q q 0 0 0 rg BT 315.45 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.12 546.60 Td (District ) Tj ET Q q 0 0 0 rg BT 362.58 546.60 Td (Court. ) Tj ET Q q 0 0 0 rg BT 390.32 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 392.60 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 401.24 546.60 Td (e ) Tj ET Q q 0 0 0 rg BT 408.14 546.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 446.69 546.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 475.24 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 482.14 546.60 Td (ruling ) Tj ET Q q 0 0 0 rg BT 508.49 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 518.73 546.60 Td (be ) Tj ET Q q 0 0 0 rg BT 530.62 546.60 Td (made ) Tj ET Q q 0 0 0 rg BT 554.74 546.60 Td (in ) 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 63.82 534.60 Td (second ) Tj ET Q q 0 0 0 rg BT 93.68 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 104.11 534.60 Td (third ) Tj ET Q q 0 0 0 rg BT 125.10 534.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 155.51 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.94 534.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 190.54 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 192.48 534.60 Td (The ) Tj ET Q q 0 0 0 rg BT 210.13 534.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.12 534.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 274.32 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 284.20 534.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 320.73 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.61 534.60 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 375.49 534.60 Td (defend ) Tj ET Q q 0 0 0 rg BT 404.79 534.60 Td (its ) Tj ET Q q 0 0 0 rg BT 416.34 534.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 453.16 534.60 Td (but ) Tj ET Q q 0 0 0 rg BT 468.04 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 481.80 534.60 Td (are ) Tj ET Q q 0 0 0 rg BT 496.10 534.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 524.86 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 534.60 Td (predict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 522.60 Td (this ) Tj ET Q q 0 0 0 rg BT 76.17 522.60 Td (time ) Tj ET Q q 0 0 0 rg BT 96.44 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.16 522.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 148.09 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.92 522.60 Td (this ) Tj ET Q q 0 0 0 rg BT 175.87 522.60 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 49.5 497.03505859375 m 186.5166015625 497.03505859375 l s q 0 0 0 rg BT 49.50 498.60 Td (Item 4.Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 178.19 498.60 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (Not applicable.) 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 /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 86.15 630.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 108.91 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 120.56 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 134.43 630.75 Td (New ) Tj ET Q q 0 0 0 rg BT 154.72 630.75 Td (Y) Tj ET Q q 0 0 0 rg BT 160.94 630.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 175.92 630.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 200.35 630.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 241.42 630.75 Td (\(NYSE\) ) Tj ET Q q 0 0 0 rg BT 284.73 630.75 Td (for ) Tj ET Q q 0 0 0 rg BT 298.04 630.75 Td (each ) Tj ET Q q 0 0 0 rg BT 318.01 630.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 355.75 630.75 Td (period ) Tj ET Q q 0 0 0 rg BT 382.95 630.75 Td (for ) Tj ET Q q 0 0 0 rg BT 396.26 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 410.13 630.75 Td (last ) Tj ET Q q 0 0 0 rg BT 425.67 630.75 Td (two ) Tj ET Q q 0 0 0 rg BT 442.32 630.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 465.63 630.75 Td (years.) Tj ET Q q 0 0 0 rg BT 493.68 630.75 Td (As ) Tj ET Q q 0 0 0 rg BT 506.44 630.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.42 630.75 Td (January31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 618.75 Td (, ) Tj ET Q q 0 0 0 rg BT 74.03 618.75 Td (based ) Tj ET Q q 0 0 0 rg BT 98.84 618.75 Td (on ) Tj ET Q q 0 0 0 rg BT 110.87 618.75 Td (information ) Tj ET Q q 0 0 0 rg BT 160.12 618.75 Td (from ) Tj ET Q q 0 0 0 rg BT 181.59 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 195.84 618.75 Td (Company) Tj ET Q q 0 0 0 rg BT 237.50 618.75 Td (s ) Tj ET Q q 0 0 0 rg BT 243.43 618.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 276.00 618.75 Td (agent, ) Tj ET Q q 0 0 0 rg BT 302.19 618.75 Td (Broadridge ) Tj ET Q q 0 0 0 rg BT 349.21 618.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 373.87 618.75 Td (T) Tj ET Q q 0 0 0 rg BT 379.63 618.75 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 408.97 618.75 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 437.94 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 452.20 618.75 Td (number ) Tj ET Q q 0 0 0 rg BT 484.78 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 495.14 618.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 526.61 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 536.98 618.75 Td (record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.52 606.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 97.28 606.75 Td (s ) Tj ET Q q 0 0 0 rg BT 102.86 606.75 Td (common ) Tj ET Q q 0 0 0 rg BT 139.54 606.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 162.34 606.75 Td (was ) Tj ET Q q 0 0 0 rg BT 179.58 606.75 Td (1,582.On ) Tj ET Q q 0 0 0 rg BT 223.48 606.75 Td (February27, ) Tj ET Q q 0 0 0 rg BT 276.27 606.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 300.45 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.36 606.75 Td (last ) Tj ET Q q 0 0 0 rg BT 329.93 606.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 364.93 606.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 382.16 606.75 Td (price ) Tj ET Q q 0 0 0 rg BT 403.84 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 413.85 606.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 451.62 606.75 Td (s ) Tj ET Q q 0 0 0 rg BT 457.20 606.75 Td (common ) Tj ET Q q 0 0 0 rg BT 493.88 606.75 Td (stock, ) Tj ET Q q 0 0 0 rg BT 519.17 606.75 Td (as ) Tj ET Q q 0 0 0 rg BT 529.19 606.75 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 76.72 594.75 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 107.83 594.75 Td (was ) Tj ET Q q 0 0 0 rg BT 125.88 594.75 Td ($2.29 ) Tj ET Q q 0 0 0 rg BT 150.88 594.75 Td (per ) Tj ET Q q 0 0 0 rg BT 166.15 594.75 Td (share.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 548.25 241.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 548.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 548.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 548.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 548.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 548.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 548.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 548.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 518.25 241.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 290.00 518.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 518.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 518.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 518.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 518.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 518.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 518.25 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 290 569.25 m 355 569.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 569.25 m 359 569.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 569.25 m 424 569.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 569.25 m 493 569.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 569.25 m 497 569.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 569.25 m 562 569.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 548.25 m 355 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 548.25 m 424 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 548.25 m 493 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 548.25 m 562 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 548.25 m 493 548.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 548.25 m 562 548.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 573.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 573.92 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.50 573.92 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 552.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.00 552.92 Td (High) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.80 552.92 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 552.92 Td (High) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 552.92 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 537.92 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 537.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 537.92 Td (3.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 537.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 537.92 Td (2.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 537.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 537.92 Td (3.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 537.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 537.92 Td (0.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 522.92 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 522.92 Td (2.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 522.92 Td (1.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 522.92 Td (4.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 522.92 Td (2.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 507.92 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 507.92 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 507.92 Td (0.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 507.92 Td (3.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 507.92 Td (2.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 492.92 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 492.92 Td (2.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 492.92 Td (1.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 492.92 Td (4.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 492.92 Td (2.39) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 464.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.93 464.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.70 464.75 Td (has ) Tj ET Q q 0 0 0 rg BT 143.91 464.75 Td (not ) Tj ET Q q 0 0 0 rg BT 159.57 464.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 196.32 464.75 Td (a ) Tj ET Q q 0 0 0 rg BT 203.64 464.75 Td (dividend ) Tj ET Q q 0 0 0 rg BT 241.51 464.75 Td (on ) Tj ET Q q 0 0 0 rg BT 254.40 464.75 Td (our ) Tj ET Q q 0 0 0 rg BT 270.61 464.75 Td (common ) Tj ET Q q 0 0 0 rg BT 308.49 464.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.48 464.75 Td (during ) Tj ET Q q 0 0 0 rg BT 361.47 464.75 Td (the ) Tj ET Q q 0 0 0 rg BT 376.57 464.75 Td (two ) Tj ET Q q 0 0 0 rg BT 394.45 464.75 Td (most ) Tj ET Q q 0 0 0 rg BT 416.78 464.75 Td (recent ) Tj ET Q q 0 0 0 rg BT 444.09 464.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 468.62 464.75 Td (years. ) Tj ET Q q 0 0 0 rg BT 495.10 464.75 Td ( ) Tj ET Q q 0 0 0 rg BT 497.99 464.75 Td (No ) Tj ET Q q 0 0 0 rg BT 513.09 464.75 Td (unregistered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 89.76 452.75 Td (were ) Tj ET Q q 0 0 0 rg BT 111.69 452.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 130.86 452.75 Td (by ) Tj ET Q q 0 0 0 rg BT 143.36 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.08 452.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 199.47 452.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.07 452.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.07 452.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 428.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.13 428.75 Td (chases ) Tj ET Q q 0 0 0 rg BT 93.29 428.75 Td (of ) Tj ET Q q 0 0 0 rg BT 103.57 428.75 Td (Equity ) Tj ET Q q 0 0 0 rg BT 132.17 428.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 174.10 428.75 Td (by ) Tj ET Q q 0 0 0 rg BT 186.04 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 200.76 428.75 Td (Issuer ) Tj ET Q q 0 0 0 rg BT 227.70 428.75 Td (and ) Tj ET Q q 0 0 0 rg BT 245.02 428.75 Td (Affiliated ) Tj ET Q q 0 0 0 rg BT 284.74 428.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 299.37 428.75 Td (chasers) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.50 370.25 190.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.50 370.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.50 370.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 370.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 370.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.50 370.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.50 370.25 85.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 467.50 370.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.50 370.25 89.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.50 340.25 190.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.50 340.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.50 340.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 340.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 340.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.50 340.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.50 340.25 85.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 467.50 340.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.50 340.25 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 50.5 370.25 m 240.5 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 370.25 m 309.5 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 370.25 m 378.5 370.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 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8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 290.88 378.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.00 382.50 Td (A) Tj ET Q q 0 0 0 rg BT 328.48 382.50 Td (verage Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.15 374.50 Td (Paid per Share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.20 398.50 Td (T) Tj ET Q q 0 0 0 rg BT 390.53 398.50 Td (otal Number of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.95 390.50 Td (Purchased as Part of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.90 382.50 Td (Publicly ) Tj ET Q q 0 0 0 rg BT 420.13 382.50 Td (Announced) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.15 374.50 Td (Plans or Programs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.15 406.50 Td (Approximate Dollar ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.05 398.50 Td (V) Tj ET Q q 0 0 0 rg BT 479.94 398.50 Td (alue of Shares that May ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.20 390.50 Td (Y) Tj ET Q q 0 0 0 rg BT 481.18 390.50 Td (et Be Purchased Under ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.25 382.50 Td (the Plans or Programs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.55 374.50 Td ( \(in millions\) ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 534.33 378.13 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.92 Td (October 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 359.92 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 359.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 359.92 Td (1.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 359.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 359.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 359.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.92 Td (November 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 344.92 Td (21,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 344.92 Td (1.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 344.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 344.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.92 Td (December 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 329.92 Td (7,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 329.92 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 329.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 329.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.92 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 314.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 314.92 Td (74,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 314.92 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.75 Td (Shares ) Tj ET Q q 0 0 0 rg BT 96.71 286.75 Td (purchased ) Tj ET Q q 0 0 0 rg BT 139.80 286.75 Td (during ) Tj ET Q q 0 0 0 rg BT 168.46 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.23 286.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 210.22 286.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 241.09 286.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.98 286.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.98 286.75 Td ( ) Tj ET Q q 0 0 0 rg BT 274.53 286.75 Td (were ) Tj ET Q q 0 0 0 rg BT 296.51 286.75 Td (made ) Tj ET Q q 0 0 0 rg BT 320.72 286.75 Td (in ) Tj ET Q q 0 0 0 rg BT 331.05 286.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 377.47 286.75 Td (with ) Tj ET Q q 0 0 0 rg BT 397.80 286.75 Td (the ) Tj ET Q q 0 0 0 rg BT 412.57 286.75 Td (surrender ) Tj ET Q q 0 0 0 rg BT 452.89 286.75 Td (of ) Tj ET Q q 0 0 0 rg BT 463.77 286.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 491.31 286.75 Td (by ) Tj ET Q q 0 0 0 rg BT 503.86 286.75 Td (our ) Tj ET Q q 0 0 0 rg BT 519.75 286.75 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.75 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 274.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 106.39 274.75 Td (their ) Tj ET Q q 0 0 0 rg BT 127.21 274.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.93 274.75 Td (withholding ) Tj ET Q q 0 0 0 rg BT 192.76 274.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 247.47 274.75 Td (related ) Tj ET Q q 0 0 0 rg BT 277.17 274.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.45 274.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.16 274.75 Td (vesting ) Tj ET Q q 0 0 0 rg BT 333.55 274.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.38 274.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 384.08 274.75 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.75 Td (In ) Tj ET Q q 0 0 0 rg BT 78.58 250.75 Td (October ) Tj ET Q q 0 0 0 rg BT 113.54 250.75 Td (201) Tj ET Q q 0 0 0 rg BT 128.16 250.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 138.41 250.75 Td (we ) Tj ET Q q 0 0 0 rg BT 152.82 250.75 Td (commenced ) Tj ET Q q 0 0 0 rg BT 203.88 250.75 Td (a ) Tj ET Q q 0 0 0 rg BT 211.07 250.75 Td (common ) Tj ET Q q 0 0 0 rg BT 248.81 250.75 Td (share ) Tj ET Q q 0 0 0 rg BT 272.66 250.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 318.72 250.75 Td (program, ) Tj ET Q q 0 0 0 rg BT 357.84 250.75 Td (which ) Tj ET Q q 0 0 0 rg BT 385.03 250.75 Td (has ) Tj ET Q q 0 0 0 rg BT 401.11 250.75 Td (been ) Tj ET Q q 0 0 0 rg BT 422.73 250.75 Td (approved ) Tj ET Q q 0 0 0 rg BT 462.69 250.75 Td (for ) Tj ET Q q 0 0 0 rg BT 477.10 250.75 Td (up ) Tj ET Q q 0 0 0 rg BT 489.85 250.75 Td (to ) Tj ET Q q 0 0 0 rg BT 500.38 250.75 Td (an ) Tj ET Q q 0 0 0 rg BT 512.56 250.75 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 554.17 250.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.75 Td ($1.162 ) Tj ET Q q 0 0 0 rg BT 96.66 238.75 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.77 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 124.43 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.42 238.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 171.07 238.75 Td (common ) Tj ET Q q 0 0 0 rg BT 207.72 238.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 234.37 238.75 Td (by ) Tj ET Q q 0 0 0 rg BT 246.03 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 259.91 238.75 Td (Company) Tj ET Q q 0 0 0 rg BT 301.57 238.75 Td (s ) Tj ET Q q 0 0 0 rg BT 307.13 238.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 333.22 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 343.21 238.75 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 384.58 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 386.12 238.75 Td (This ) Tj ET Q q 0 0 0 rg BT 405.55 238.75 Td (program ) Tj ET Q q 0 0 0 rg BT 441.09 238.75 Td (has ) Tj ET Q q 0 0 0 rg BT 456.08 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Tj ET Q q 0 0 0 rg BT 476.72 226.75 Td (and ) Tj ET Q q 0 0 0 rg BT 492.69 226.75 Td (general ) Tj ET Q q 0 0 0 rg BT 523.64 226.75 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 111.70 214.75 Td (persist. ) Tj ET Q q 0 0 0 rg BT 142.85 214.75 Td ( ) Tj ET Q q 0 0 0 rg BT 145.20 214.75 Td (The ) Tj ET Q q 0 0 0 rg BT 163.29 214.75 Td (program ) Tj ET Q q 0 0 0 rg BT 199.70 214.75 Td (has ) Tj ET Q q 0 0 0 rg BT 215.57 214.75 Td (no ) Tj ET Q q 0 0 0 rg BT 228.11 214.75 Td (pre-established ) Tj ET Q q 0 0 0 rg BT 291.18 214.75 Td (ending ) Tj ET Q q 0 0 0 rg BT 320.94 214.75 Td (date ) Tj ET Q q 0 0 0 rg BT 340.13 214.75 Td (and ) Tj ET Q q 0 0 0 rg BT 357.11 214.75 Td (may ) Tj ET Q q 0 0 0 rg BT 376.86 214.75 Td (be ) Tj ET Q q 0 0 0 rg BT 388.84 214.75 Td (suspended ) Tj ET Q q 0 0 0 rg BT 433.04 214.75 Td (or ) Tj ET Q q 0 0 0 rg BT 443.90 214.75 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 497.54 214.75 Td (at ) Tj ET Q q 0 0 0 rg BT 507.30 214.75 Td (any ) Tj ET Q q 0 0 0 rg BT 524.28 214.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 547.09 214.75 Td ( ) Tj ET Q q 0 0 0 rg BT 549.44 214.75 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 214.75 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.75 Td (are ) Tj ET Q q 0 0 0 rg BT 82.21 202.75 Td (not ) Tj ET Q q 0 0 0 rg BT 97.49 202.75 Td (obligated ) Tj ET Q q 0 0 0 rg BT 137.20 202.75 Td (to ) Tj ET Q q 0 0 0 rg BT 147.48 202.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 193.28 202.75 Td (any ) Tj ET Q q 0 0 0 rg BT 210.22 202.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 236.04 202.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.54 202.75 Td (or ) Tj ET Q q 0 0 0 rg BT 279.37 202.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 312.96 202.75 Td (number ) Tj ET Q q 0 0 0 rg BT 346.01 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 356.84 202.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 384.33 202.75 Td (of ) Tj ET Q q 0 0 0 rg BT 395.16 202.75 Td (our ) Tj ET Q q 0 0 0 rg BT 410.99 202.75 Td (common ) Tj ET Q q 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(Denbury Resources Inc.) 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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 /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 (Y) Tj ET Q q 0 0 0 rg BT 368.83 707.50 Td (ear 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) Tj ET Q q 0 0 0 rg BT 130.04 694.50 Td (-shar) Tj ET Q q 0 0 0 rg BT 146.64 694.50 Td (e data or otherwise noted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 694.50 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.50 694.50 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.50 694.50 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 694.50 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.50 694.50 Td (2013) 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 274.25 655.50 Td (1,089,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 655.50 Td (935,751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 655.50 Td (1,213,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 655.50 Td (2,372,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 655.50 Td (2,466,234) 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 (40,120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 642.50 Td (39,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 642.50 Td (44,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 642.50 Td (62,732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 642.50 Td (50,893) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 629.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 629.50 Td (otal revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 629.50 Td (1,129,786) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 629.50 Td (975,596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 629.50 Td (1,257,560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 629.50 Td (2,435,205) 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 (2,517,127) 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 280.30 616.50 Td (163,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.60 616.50 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 616.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.60 616.50 Td (\(4,385,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 616.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 616.50 Td (635,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 616.50 Td (409,597) 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 292.30 590.50 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.60 590.50 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 590.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.60 590.50 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 590.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 590.50 Td (1.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 590.50 Td (1.12) 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 292.30 577.50 Td (0.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.60 577.50 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 577.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.60 577.50 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 577.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 577.50 Td (1.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 577.50 Td (1.1) Tj ET Q q 0 0 0 rg BT 554.30 577.50 Td (1) 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 361.30 564.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 564.50 Td (0.1875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 564.50 Td (0.25) 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 (W) Tj ET Q q 0 0 0 rg BT 59.23 551.50 Td (eighted 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 (390,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 538.50 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 538.50 Td (348,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 538.50 Td (348,962) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 538.50 Td (366,659) 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 (395,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 525.50 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 525.50 Td (348,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 525.50 Td (351,167) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 525.50 Td (369,877) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 486.50 Td (267,143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 486.50 Td (219,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 486.50 Td (864,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 486.50 Td (1,222,825) 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 (1,361,195) 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 (\(357,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.60 473.50 Td (\(205,417) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.60 473.50 Td (\(550,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 473.50 Td (\(1,076,755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 473.50 Td (\(1,275,309) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 473.50 Td (\)) 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 284.30 460.50 Td (88,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.60 460.50 Td (\(15,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.60 460.50 Td (\(334,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 460.50 Td (\(135,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 460.50 Td (\(172,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 460.50 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 447.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 447.48 Td (oduction \(average daily\)) 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 (58,410) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 434.50 Td (61,440) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 434.50 Td (69,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 434.50 Td (70,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 434.50 Td (66,286) 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 (1) Tj ET Q q 0 0 0 rg BT 288.30 421.50 Td (1,329) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 421.50 Td (15,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 421.50 Td (22,172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 421.50 Td (22,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 421.50 Td (23,742) 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 (60,298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 408.50 Td (64,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 408.50 Td (72,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 408.50 Td (74,432) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 408.50 Td (70,243) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 374.50 Td (50.64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 374.50 Td (41.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 374.50 Td (47.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 374.50 Td (90.74) 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 536.30 374.50 Td (100.67) 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 (2.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 361.50 Td (1.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 361.50 Td (2.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 361.50 Td (4.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 361.50 Td (3.53) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 327.50 Td (48.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 327.50 Td (44.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 327.50 Td (67.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 327.50 Td (90.82) 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 536.30 327.50 Td (100.64) 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 (2.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 314.50 Td (1.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 314.50 Td (2.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 314.50 Td (3.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 314.50 Td (3.53) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 301.48 Td (Costs per) Tj ET Q q 0 0 0 rg BT 84.15 301.48 Td ( 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 288.50 Td (20.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 288.50 Td (17.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 288.50 Td (19.37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 288.50 Td (23.84) 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 (28.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 275.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 275.50 Td (axes other than income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 275.50 Td (3.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 275.50 Td (3.33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 275.50 Td (4.13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 275.50 Td (6.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 275.50 Td (6.87) 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 (4.63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 262.50 Td (4.69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 262.50 Td (5.44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 262.50 Td (5.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 262.50 Td (5.66) 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 292.30 249.50 Td (9.44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 249.50 Td (36.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 249.50 Td (19.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 249.50 Td (21.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 249.50 Td (19.89) 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 (252,625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 223.50 Td (247,103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 223.50 Td (282,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 223.50 Td (362,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 223.50 Td (386,659) 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 (42,721) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 210.50 Td (44,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 210.50 Td (38,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 210.50 Td (452,402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 210.50 Td (489,954) 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 (259,745) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 197.50 Td (254,489) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 197.50 Td (288,634) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 197.50 Td (437,735) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 197.50 Td (468,318) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 184.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 184.48 Td (oved carbon dioxide r) Tj ET Q q 0 0 0 rg BT 134.67 184.48 Td (eserves) 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 (5,164,741) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 171.50 Td (5,332,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 171.50 Td (5,501,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 171.50 Td (5,697,642) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 171.50 Td (6,070,619) 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 (1,187,787) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 158.50 Td (1,214,428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 158.50 Td (1,237,603) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 158.50 Td (3,035,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 158.50 Td (3,272,428) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 132.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 132.50 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 132.50 Td (4,471,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 132.50 Td (4,274,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 132.50 Td (5,885,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.25 132.50 Td (12,690,156) 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 (1) Tj ET Q q 0 0 0 rg BT 526.25 132.50 Td (1,698,406) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 119.50 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 119.50 Td (otal long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 119.50 Td (3,365,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 119.50 Td (3,372,634) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 119.50 Td (4,263,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 119.50 Td (6,503,194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 119.50 Td (5,902,463) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 106.50 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 107.84 106.50 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 106.50 Td (648,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 106.50 Td (468,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 106.50 Td (1,248,912) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 106.50 Td (5,703,856) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 106.50 Td (5,301,406) 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 /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 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 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.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.16 678.60 Td (September ) Tj ET Q q 0 0 0 rg BT 123.25 678.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 148.07 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 158.17 678.60 Td (light ) Tj ET Q q 0 0 0 rg BT 178.84 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.49 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.03 678.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 249.13 678.60 Td (low ) Tj ET Q q 0 0 0 rg BT 266.46 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 279.34 678.60 Td (price ) Tj ET Q q 0 0 0 rg BT 301.65 678.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 354.52 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.28 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 386.94 678.60 Td (desire ) Tj ET Q q 0 0 0 rg BT 413.14 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 423.25 678.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 460.56 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.22 678.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.52 678.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 548.07 678.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (flexibility) Tj ET Q q 0 0 0 rg BT 106.29 666.60 Td (, ) Tj ET Q q 0 0 0 rg BT 111.29 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.01 666.60 Td (Company) Tj ET Q q 0 0 0 rg BT 167.67 666.60 Td (s ) Tj ET Q q 0 0 0 rg BT 174.06 666.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 201.00 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 211.83 666.60 Td (Directors ) Tj ET Q q 0 0 0 rg BT 251.54 666.60 Td (suspended ) Tj ET Q q 0 0 0 rg BT 295.70 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 311.53 666.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 350.12 666.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 370.39 666.60 Td (dividend.) 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 (Lease ) Tj ET Q q 0 0 0 rg BT 93.57 642.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 134.09 642.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 172.95 642.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 209.02 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 219.55 642.60 Td (this ) Tj ET Q q 0 0 0 rg BT 236.76 642.60 Td (table ) Tj ET Q q 0 0 0 rg BT 258.95 642.60 Td (include ) Tj ET Q q 0 0 0 rg BT 291.14 642.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 321.10 642.60 Td (special ) Tj ET Q q 0 0 0 rg BT 351.62 642.60 Td (items ) Tj ET Q q 0 0 0 rg BT 376.04 642.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 420.45 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 431.54 642.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 445.95 642.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 468.69 642.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 509.21 642.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 548.07 642.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (related ) Tj ET Q q 0 0 0 rg BT 97.19 630.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 137.98 630.60 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 181.55 630.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 219.01 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 229.27 630.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 271.17 630.60 Td (an ) Tj ET Q q 0 0 0 rg BT 283.09 630.60 Td (area ) Tj ET Q q 0 0 0 rg BT 302.22 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 313.03 630.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 337.73 630.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 360.77 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.04 630.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 396.02 630.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 418.50 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.42 630.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 460.41 630.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 474.55 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 481.47 630.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 543.93 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 558.08 630.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 113.17 618.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 139.98 618.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 157.88 618.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 204.68 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 215.38 618.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 240.80 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.16 618.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 272.74 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 296.20 618.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 337.44 618.60 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 381.44 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 392.14 618.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 417.56 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 420.47 618.60 Td (If ) Tj ET Q q 0 0 0 rg BT 430.05 618.60 Td (these ) Tj ET Q q 0 0 0 rg BT 453.52 618.60 Td (special ) Tj ET Q q 0 0 0 rg BT 484.20 618.60 Td (items ) Tj ET Q q 0 0 0 rg BT 508.79 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 523.91 618.60 Td (excluded, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 89.49 606.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 129.25 606.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 167.35 606.60 Td (would ) Tj ET Q q 0 0 0 rg BT 194.35 606.60 Td (have ) Tj ET Q q 0 0 0 rg BT 215.23 606.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 244.44 606.60 Td ($528.8 ) Tj ET Q q 0 0 0 rg BT 273.94 606.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 307.34 606.60 Td ($654.7 ) Tj ET Q q 0 0 0 rg BT 336.84 606.60 Td (million ) Tj ET Q q 0 0 0 rg BT 367.73 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.17 606.60 Td ($616.6 ) Tj ET Q q 0 0 0 rg BT 413.67 606.60 Td (million ) Tj ET Q q 0 0 0 rg BT 444.56 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 458.22 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.44 606.60 Td (years ) Tj ET Q q 0 0 0 rg BT 495.54 606.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.42 606.60 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 81.80 594.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 106.11 594.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 127.91 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 144.15 594.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 168.45 594.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 216.12 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 220.42 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 236.66 594.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 258.45 594.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 298.02 594.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 335.92 594.60 Td (per ) Tj ET Q q 0 0 0 rg BT 350.49 594.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 372.29 594.60 Td (would ) Tj ET Q q 0 0 0 rg BT 399.10 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 419.78 594.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 457.66 594.60 Td ($19.88, ) Tj ET Q q 0 0 0 rg BT 489.47 594.60 Td ($24.10 ) Tj ET Q q 0 0 0 rg BT 518.77 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.01 594.60 Td ($24.05 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 582.60 Td (years ) Tj ET Q q 0 0 0 rg BT 119.98 582.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 146.35 582.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 204.94 582.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 229.94 582.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 252.44 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 269.38 582.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 294.38 582.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 342.04 582.60 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 96.46 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.29 546.60 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 137.29 546.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 171.19 546.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.02 546.60 Td ($25.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.52 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 212.02 546.60 Td (per ) Tj ET Q q 0 0 0 rg BT 227.29 546.60 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 252.29 546.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 295.88 546.60 Td (with ) Tj ET Q q 0 0 0 rg BT 316.16 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.87 546.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 355.04 546.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 381.43 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 397.26 546.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 442.52 546.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 473.34 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.28 546.60 Td (related ) Tj ET Q q 0 0 0 rg BT 519.99 546.60 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 109.56 522.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 139.39 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 174.22 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 184.62 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.01 522.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 253.16 522.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 277.73 522.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 305.33 522.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 341.27 522.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 372.20 522.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 410.38 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.77 522.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 480.60 522.60 Td (126 ) Tj ET Q q 0 0 0 rg BT 497.67 522.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 537.52 522.60 Td (\(29%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 78.17 510.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 101.07 510.60 Td (due ) Tj ET Q q 0 0 0 rg BT 118.40 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 129.07 510.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 164.73 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.40 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.52 510.60 Td (average ) Tj ET Q q 0 0 0 rg BT 224.49 510.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 317.36 510.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 356.92 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 370.37 510.60 Td (price ) Tj ET Q q 0 0 0 rg BT 393.25 510.60 Td (used ) Tj ET Q q 0 0 0 rg BT 414.47 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 425.15 510.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 461.36 510.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 497.02 510.60 Td (from ) Tj ET Q q 0 0 0 rg BT 519.35 510.60 Td ($94.99 ) Tj ET Q q 0 0 0 rg BT 549.74 510.60 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 83.94 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 93.16 498.60 Td (December ) Tj ET Q q 0 0 0 rg BT 136.24 498.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 150.73 498.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 175.23 498.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 498.60 Td ($50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.50 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.50 498.60 Td (per ) Tj ET Q q 0 0 0 rg BT 229.26 498.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 245.71 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 254.92 498.60 Td (December ) Tj ET Q q 0 0 0 rg BT 298.00 498.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 312.50 498.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 336.99 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 338.99 498.60 Td (In ) Tj ET Q q 0 0 0 rg BT 349.32 498.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 386.59 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.80 498.60 Td (average ) Tj ET Q q 0 0 0 rg BT 433.88 498.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 525.85 498.60 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 98.02 486.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 114.11 486.60 Td (price ) Tj ET Q q 0 0 0 rg BT 136.85 486.60 Td (used ) Tj ET Q q 0 0 0 rg BT 157.93 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 168.47 486.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 204.55 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 240.06 486.60 Td (declined ) Tj ET Q q 0 0 0 rg BT 276.69 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 298.88 486.60 Td ($4.30 ) Tj ET Q q 0 0 0 rg BT 324.14 486.60 Td (per ) Tj ET Q q 0 0 0 rg BT 339.67 486.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 374.65 486.60 Td (at ) Tj ET Q q 0 0 0 rg BT 384.63 486.60 Td (December ) Tj ET Q q 0 0 0 rg BT 428.47 486.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 443.72 486.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 468.98 486.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.51 486.60 Td ($2.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.01 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 504.77 486.60 Td (per ) Tj ET Q q 0 0 0 rg BT 520.30 486.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 555.28 486.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (December ) Tj ET Q q 0 0 0 rg BT 111.08 474.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 126.08 474.60 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (Proved ) Tj ET Q q 0 0 0 rg BT 98.37 450.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.26 449.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.51 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.05 450.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 153.35 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.66 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.42 450.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 199.29 450.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 224.61 450.60 Td (region ) Tj ET Q q 0 0 0 rg BT 252.69 450.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 283.01 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.88 450.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 329.18 450.60 Td (from ) Tj ET Q q 0 0 0 rg BT 351.15 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 367.02 450.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 408.99 450.60 Td (at ) Tj ET Q q 0 0 0 rg BT 418.75 450.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 452.95 450.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 479.92 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.90 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 511.65 450.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 552.50 450.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 74.17 438.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 97.52 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 108.08 438.60 Td (8/8ths ) Tj ET Q q 0 0 0 rg BT 134.77 438.60 Td (working ) Tj ET Q q 0 0 0 rg BT 170.33 438.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.00 438.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 226.73 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.29 438.60 Td (which ) Tj ET Q q 0 0 0 rg BT 263.97 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 279.53 438.60 Td (net ) Tj ET Q q 0 0 0 rg BT 293.98 438.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.86 438.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.53 438.60 Td (was ) Tj ET Q q 0 0 0 rg BT 377.31 438.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.31 438.60 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 451.88 438.60 Td (T) Tj ET Q q 0 0 0 rg BT 457.29 438.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.06 438.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.79 438.60 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.29 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.36 438.60 Td (T) Tj ET Q q 0 0 0 rg BT 489.77 438.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.28 438.60 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.78 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.85 438.60 Td (T) Tj ET Q q 0 0 0 rg BT 522.26 438.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.76 438.60 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.26 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.33 438.60 Td (T) Tj ET Q q 0 0 0 rg BT 554.74 438.60 Td (cf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.95 426.60 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.45 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 100.24 426.60 Td (T) Tj ET Q q 0 0 0 rg BT 105.65 426.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 116.43 426.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.66 426.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 185.75 426.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.75 426.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.26 426.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.26 426.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.77 426.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.77 426.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.28 426.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.28 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 285.29 426.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.74 426.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.74 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 328.25 426.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 375.91 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 381.42 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.87 426.60 Td (include ) Tj ET Q q 0 0 0 rg BT 431.32 426.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 467.08 426.60 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 508.41 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 519.19 426.60 Td (volumetric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (production ) Tj ET Q q 0 0 0 rg BT 113.00 414.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 153.50 414.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.00 414.60 Td (7.6 ) Tj ET Q q 0 0 0 rg BT 178.68 414.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.12 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.79 414.60 Td (12.3 ) Tj ET Q q 0 0 0 rg BT 217.46 414.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.90 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.58 414.60 Td (25.3 ) Tj ET Q q 0 0 0 rg BT 256.25 414.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.69 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.36 414.60 Td (9.3 ) Tj ET Q q 0 0 0 rg BT 290.04 414.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.48 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 306.65 414.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.26 414.60 Td (28.9 ) Tj ET Q q 0 0 0 rg BT 342.94 414.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.38 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 359.55 414.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.94 414.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 427.20 414.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.20 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.88 414.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.88 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.55 414.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.55 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.22 414.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.22 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.40 414.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 414.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (respectively ) Tj ET Q q 0 0 0 rg BT 118.31 402.60 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 136.91 402.60 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 193.84 402.60 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 207.73 401.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.98 402.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 213.48 402.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 252.00 402.60 Td (es ) Tj ET Q q 0 0 0 rg BT 262.83 402.60 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.71 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.21 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 324.49 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.21 402.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 394.48 402.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 434.19 402.60 Td (Statements\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (Proved ) Tj ET Q q 0 0 0 rg BT 97.63 378.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 111.53 377.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.78 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.58 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 151.14 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 160.73 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.75 378.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 202.66 378.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 243.35 378.60 Td (region ) Tj ET Q q 0 0 0 rg BT 270.70 378.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 300.28 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.42 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 325.55 378.60 Td (overriding ) Tj ET Q q 0 0 0 rg BT 369.01 378.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 399.14 378.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 430.38 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 439.96 378.60 Td (LaBar) Tj ET Q q 0 0 0 rg BT 464.77 378.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 476.01 378.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 498.37 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.61 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 529.75 378.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 366.60 Td (at ) Tj ET Q q 0 0 0 rg BT 76.95 366.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 100.84 366.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 126.96 366.60 Td (\(presented ) Tj ET Q q 0 0 0 rg BT 170.84 366.60 Td (on ) Tj ET Q q 0 0 0 rg BT 183.07 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 189.74 366.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 213.09 366.60 Td (\(8/8ths\) ) Tj ET Q q 0 0 0 rg BT 246.43 366.60 Td (basis\), ) Tj ET Q q 0 0 0 rg BT 274.49 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.05 366.60 Td (which ) Tj ET Q q 0 0 0 rg BT 311.72 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 327.28 366.60 Td (net ) Tj ET Q q 0 0 0 rg BT 341.73 366.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 375.61 366.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 407.27 366.60 Td (was ) Tj ET Q q 0 0 0 rg BT 425.05 366.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.04 366.60 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 499.61 366.60 Td (T) Tj ET Q q 0 0 0 rg BT 505.02 366.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.79 366.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.52 366.60 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.02 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 532.09 366.60 Td (T) Tj ET Q q 0 0 0 rg BT 537.50 366.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.00 366.60 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 354.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 354.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.03 354.60 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.53 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.17 354.60 Td (T) Tj ET Q q 0 0 0 rg BT 106.58 354.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 117.20 354.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.49 354.60 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.99 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.63 354.60 Td (T) Tj ET Q q 0 0 0 rg BT 155.04 354.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 165.66 354.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.72 354.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 234.66 354.60 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.66 354.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.01 354.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.01 354.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.35 354.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.35 354.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.70 354.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.70 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 333.55 354.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.84 354.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.84 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 376.19 354.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 423.85 354.60 Td (. ) Tj ET Q q 0 0 0 rg BT 429.20 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.42 354.60 Td (As ) Tj ET Q q 0 0 0 rg BT 445.38 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.56 354.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 515.49 354.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 540.84 354.60 Td (Riley ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 94.30 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 108.19 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.44 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.35 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.69 342.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 162.38 342.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 198.04 342.60 Td (were ) Tj ET Q q 0 0 0 rg BT 220.38 342.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 268.82 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.17 342.60 Td (are ) Tj ET Q q 0 0 0 rg BT 301.29 342.60 Td (no ) Tj ET Q q 0 0 0 rg BT 314.20 342.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 342.65 342.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 388.88 342.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 419.56 342.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 455.22 342.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 495.34 342.60 Td (as ) Tj ET Q q 0 0 0 rg BT 506.58 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 513.93 342.60 Td (result ) Tj ET Q q 0 0 0 rg BT 539.06 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 342.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 330.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 98.87 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 109.15 330.60 Td (average ) Tj ET Q q 0 0 0 rg BT 142.73 330.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 235.21 330.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 265.47 330.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 281.30 330.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 307.68 330.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 340.17 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.44 330.60 Td (preparing ) Tj ET Q q 0 0 0 rg BT 391.26 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 407.09 330.60 Td (December ) Tj ET Q q 0 0 0 rg BT 450.67 330.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 465.67 330.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 488.17 330.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 519.54 330.60 Td (report.) 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Td (lower ) Tj ET Q q 0 0 0 rg BT 408.41 497.25 Td (than ) Tj ET Q q 0 0 0 rg BT 428.81 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.21 497.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 457.96 497.25 Td (price ) Tj ET Q q 0 0 0 rg BT 481.13 497.25 Td (range ) Tj ET Q q 0 0 0 rg BT 506.52 497.25 Td (over ) Tj ET Q q 0 0 0 rg BT 527.47 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.87 497.25 Td (201) Tj ET Q q 0 0 0 rg BT 557.50 497.25 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (through ) Tj ET Q q 0 0 0 rg BT 83.09 485.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 105.56 485.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 136.09 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.02 485.25 Td (As ) Tj ET Q q 0 0 0 rg BT 151.61 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 158.53 485.25 Td (result ) Tj ET Q q 0 0 0 rg BT 183.22 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.03 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.73 485.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 233.97 485.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 247.01 485.25 Td (price ) Tj ET Q q 0 0 0 rg BT 269.47 485.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 322.49 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.41 485.25 Td (its ) Tj ET Q q 0 0 0 rg BT 351.33 485.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 381.02 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 393.50 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.31 485.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 448.18 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.99 485.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 488.13 485.25 Td (has ) Tj ET Q q 0 0 0 rg BT 503.93 485.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 543.62 485.25 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.75 473.25 Td (preservation ) Tj ET Q q 0 0 0 rg BT 113.42 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.00 473.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.02 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.71 473.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 193.95 473.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.70 473.25 Td (together ) Tj ET Q q 0 0 0 rg BT 233.72 473.25 Td (with ) Tj ET Q q 0 0 0 rg BT 253.75 473.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 272.10 473.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 316.01 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.70 473.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 352.16 473.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 408.00 473.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 433.57 473.25 Td (than ) Tj ET Q q 0 0 0 rg BT 453.04 473.25 Td (concentration ) Tj ET Q q 0 0 0 rg BT 509.70 473.25 Td (on ) Tj ET Q q 0 0 0 rg BT 521.95 473.25 Td (expansion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 461.25 Td (growth. ) Tj ET Q q 0 0 0 rg BT 99.59 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.83 461.25 Td (W) Tj ET Q q 0 0 0 rg BT 110.47 461.25 Td (e ) Tj ET Q q 0 0 0 rg BT 117.31 461.25 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.59 461.25 Td ($267.1 ) Tj ET Q q 0 0 0 rg BT 188.50 461.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.39 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.80 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.54 461.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.72 461.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 271.46 461.25 Td (from ) Tj ET Q q 0 0 0 rg BT 293.31 461.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 337.38 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.57 461.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 372.48 461.25 Td (an ) Tj ET Q q 0 0 0 rg BT 384.33 461.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 413.40 461.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 448.56 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.30 461.25 Td (22%, ) Tj ET Q q 0 0 0 rg BT 482.54 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.39 461.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 529.56 461.25 Td (than ) Tj ET Q q 0 0 0 rg BT 549.19 461.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.19 449.25 Td (development ) Tj ET Q q 0 0 0 rg BT 139.21 449.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 168.23 449.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 221.69 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.84 449.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 254.21 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.91 449.25 Td ($240.8 ) Tj ET Q q 0 0 0 rg BT 294.78 449.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 328.55 449.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 347.59 449.25 Td (preserving ) Tj ET Q q 0 0 0 rg BT 392.16 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.86 449.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 441.11 449.25 Td (. ) Tj ET Q q 0 0 0 rg BT 445.98 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 448.18 449.25 Td (W) Tj ET Q q 0 0 0 rg BT 456.81 449.25 Td (e ) Tj ET Q q 0 0 0 rg BT 463.62 449.25 Td (have ) Tj ET Q q 0 0 0 rg BT 484.87 449.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 516.12 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 522.93 449.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.18 449.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 64.91 437.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 105.30 437.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 117.93 437.25 Td (production ) Tj ET Q q 0 0 0 rg BT 163.33 437.25 Td (through ) Tj ET Q q 0 0 0 rg BT 196.52 437.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 218.59 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.45 437.25 Td (order ) Tj ET Q q 0 0 0 rg BT 251.62 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.47 437.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 291.31 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 306.72 437.25 Td (current ) Tj ET Q q 0 0 0 rg BT 337.11 437.25 Td (level ) Tj ET Q q 0 0 0 rg BT 358.62 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.02 437.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 388.87 437.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 428.70 437.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 453.28 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 463.68 437.25 Td (well ) Tj ET Q q 0 0 0 rg BT 482.98 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 493.38 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 508.79 437.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 542.52 437.25 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 77.53 425.25 Td (spending. ) Tj ET Q q 0 0 0 rg BT 117.52 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 118.89 425.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 135.82 425.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 157.20 425.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 185.23 425.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 222.72 425.25 Td (has ) Tj ET Q q 0 0 0 rg BT 237.43 425.25 Td (been ) Tj ET Q q 0 0 0 rg BT 257.68 425.25 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 295.72 425.25 Td (at ) Tj ET Q q 0 0 0 rg BT 304.31 425.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 363.45 425.25 Td ($300 ) Tj ET Q q 0 0 0 rg BT 384.83 425.25 Td (million ) Tj ET Q q 0 0 0 rg BT 415.10 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.25 425.25 Td ($325 ) Tj ET Q q 0 0 0 rg BT 445.63 425.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 478.40 425.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 519.21 425.25 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.42 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.34 413.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 151.10 413.25 Td (roughly ) Tj ET Q q 0 0 0 rg BT 184.69 413.25 Td (a ) Tj ET Q q 0 0 0 rg BT 191.61 413.25 Td (30% ) Tj ET Q q 0 0 0 rg BT 212.43 413.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 247.67 413.25 Td (over ) Tj ET Q q 0 0 0 rg BT 267.92 413.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 290.40 413.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 319.54 413.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 358.13 413.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 386.44 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.75 413.25 Td (W) Tj ET Q q 0 0 0 rg BT 397.38 413.25 Td (e ) Tj ET Q q 0 0 0 rg BT 404.31 413.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 436.78 413.25 Td (a ) Tj ET Q q 0 0 0 rg BT 443.70 413.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 482.85 413.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 495.89 413.25 Td (price ) Tj ET Q q 0 0 0 rg BT 518.36 413.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 554.17 413.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td ($55 ) Tj ET Q q 0 0 0 rg BT 66.55 401.25 Td (per ) Tj ET Q q 0 0 0 rg BT 81.37 401.25 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 97.87 401.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.69 401.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 154.18 401.25 Td (our ) Tj ET Q q 0 0 0 rg BT 169.56 401.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 191.61 401.25 Td (budget, ) Tj ET Q q 0 0 0 rg BT 223.37 401.25 Td (which ) Tj ET Q q 0 0 0 rg BT 249.86 401.25 Td (based ) Tj ET Q q 0 0 0 rg BT 274.68 401.25 Td (on ) Tj ET Q q 0 0 0 rg BT 286.73 401.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.11 401.25 Td (current ) Tj ET Q q 0 0 0 rg BT 332.48 401.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 378.96 401.25 Td (would ) Tj ET Q q 0 0 0 rg BT 406.01 401.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 441.92 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.41 401.25 Td (level ) Tj ET Q q 0 0 0 rg BT 469.89 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.27 401.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 500.09 401.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 520.47 401.25 Td (that ) Tj ET Q q 0 0 0 rg BT 537.52 401.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 70.75 389.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 91.45 389.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.15 389.25 Td (development ) Tj ET Q q 0 0 0 rg BT 161.17 389.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 190.18 389.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 228.66 389.25 Td (plans. ) Tj ET Q q 0 0 0 rg BT 254.63 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.83 389.25 Td (W) Tj ET Q q 0 0 0 rg BT 265.87 389.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 278.79 389.25 Td (this ) Tj ET Q q 0 0 0 rg BT 295.61 389.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 324.63 389.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 363.10 389.25 Td (level, ) Tj ET Q q 0 0 0 rg BT 387.40 389.25 Td (we ) Tj ET Q q 0 0 0 rg BT 401.43 389.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 439.89 389.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 481.12 389.25 Td (our ) Tj ET Q q 0 0 0 rg BT 496.82 389.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 519.19 389.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 377.25 Td (average ) Tj ET Q q 0 0 0 rg BT 93.36 377.25 Td (between ) Tj ET Q q 0 0 0 rg BT 129.18 377.25 Td (60,000 ) Tj ET Q q 0 0 0 rg BT 159.18 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.12 377.25 Td (64,000 ) Tj ET Q q 0 0 0 rg BT 206.12 377.25 Td (BOE/d.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 353.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.50 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.90 353.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 134.19 353.25 Td (Highlights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.15 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 182.55 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.84 353.25 Td (The ) Tj ET Q q 0 0 0 rg BT 200.79 353.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 233.85 353.25 Td (drivers ) Tj ET Q q 0 0 0 rg BT 263.02 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.75 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 287.48 353.25 Td (change ) Tj ET Q q 0 0 0 rg BT 317.19 353.25 Td (in ) Tj ET Q q 0 0 0 rg BT 326.37 353.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 365.54 353.25 Td (results ) Tj ET Q q 0 0 0 rg BT 393.04 353.25 Td (between ) Tj ET Q q 0 0 0 rg BT 427.76 353.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 449.16 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.00 353.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 486.40 353.25 Td (were ) Tj ET Q q 0 0 0 rg BT 507.23 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 353.25 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 329.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 81.60 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.36 329.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 126.45 329.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 141.10 329.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 177.96 329.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 217.04 329.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.36 329.25 Td ($153.9 ) Tj ET Q q 0 0 0 rg BT 257.19 329.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.08 329.25 Td (, ) Tj ET Q q 0 0 0 rg BT 289.90 329.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.56 329.25 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.89 329.25 Td (, ) Tj ET Q q 0 0 0 rg BT 321.71 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 330.81 329.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 354.63 329.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 399.28 329.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 426.15 329.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.47 329.25 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 457.12 329.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 483.99 329.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 516.96 329.25 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 95.83 317.25 Td (of) Tj ET Q q 0 0 0 rg BT 103.98 317.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 120.38 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.12 317.25 Td (part ) Tj ET Q q 0 0 0 rg BT 147.62 317.25 Td (by ) Tj ET Q q 0 0 0 rg BT 159.58 317.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.98 317.25 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.31 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.26 317.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 217.64 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.37 317.25 Td (average ) Tj ET Q q 0 0 0 rg BT 260.42 317.25 Td (daily ) Tj ET Q q 0 0 0 rg BT 282.37 317.25 Td (production ) Tj ET Q q 0 0 0 rg BT 327.65 317.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 363.50 317.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.83 317.25 Td ($56.6 ) Tj ET Q q 0 0 0 rg BT 391.28 317.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.18 317.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 427.96 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 429.92 317.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 446.32 317.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 479.92 317.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 492.43 317.25 Td (price ) Tj ET Q q 0 0 0 rg BT 514.38 317.25 Td (dif) Tj ET Q q 0 0 0 rg BT 525.30 317.25 Td (ferentials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 108.33 305.25 Td (by ) Tj ET Q q 0 0 0 rg BT 120.83 305.25 Td ($1.97 ) Tj ET Q q 0 0 0 rg BT 145.83 305.25 Td (per ) Tj ET Q q 0 0 0 rg BT 161.09 305.25 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 178.04 305.25 Td (from ) Tj ET Q q 0 0 0 rg BT 199.98 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.70 305.25 Td (prior) Tj ET Q q 0 0 0 rg BT 233.94 305.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 256.97 305.25 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.25 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 108.12 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.75 293.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 141.59 293.25 Td (were ) Tj ET Q q 0 0 0 rg BT 163.87 293.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 216.71 293.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 242.33 293.25 Td (than ) Tj ET Q q 0 0 0 rg BT 262.40 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.02 293.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 298.37 293.25 Td (as ) Tj ET Q q 0 0 0 rg BT 309.55 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.18 293.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 343.03 293.25 Td (we ) Tj ET Q q 0 0 0 rg BT 357.54 293.25 Td (had ) Tj ET Q q 0 0 0 rg BT 374.82 293.25 Td (no ) Tj ET Q q 0 0 0 rg BT 387.67 293.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 417.73 293.25 Td (test ) Tj ET Q q 0 0 0 rg BT 434.47 293.25 Td (write-downs, ) Tj ET Q q 0 0 0 rg BT 489.81 293.25 Td (while ) Tj ET Q q 0 0 0 rg BT 514.88 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.50 293.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 550.85 293.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.25 Td (had ) Tj ET Q q 0 0 0 rg BT 83.53 281.25 Td (both ) Tj ET Q q 0 0 0 rg BT 102.91 281.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.94 281.25 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 143.04 281.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.93 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.53 281.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.86 281.25 Td ($508.2 ) Tj ET Q q 0 0 0 rg BT 205.95 281.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.84 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.44 281.25 Td (net ) Tj ET Q q 0 0 0 rg BT 250.25 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.18 281.25 Td (tax\) ) Tj ET Q q 0 0 0 rg BT 277.32 281.25 Td (full ) Tj ET Q q 0 0 0 rg BT 292.80 281.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 310.51 281.25 Td (pool ) Tj ET Q q 0 0 0 rg BT 329.88 281.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 358.69 281.25 Td (test ) Tj ET Q q 0 0 0 rg BT 374.17 281.25 Td (write-down ) Tj ET Q q 0 0 0 rg BT 421.86 281.25 Td (for ) Tj ET Q q 0 0 0 rg BT 435.12 281.25 Td (our ) Tj ET Q q 0 0 0 rg BT 450.05 281.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 462.20 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.23 281.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 507.59 281.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 522.52 281.25 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.09 269.25 Td (an ) Tj ET Q q 0 0 0 rg BT 95.68 269.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 142.79 269.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 194.37 269.25 Td (char) Tj ET Q q 0 0 0 rg BT 211.39 269.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 222.98 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.47 269.25 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 263.12 269.25 Td (million ) Tj ET Q q 0 0 0 rg BT 294.17 269.25 Td (\($379.2 ) Tj ET Q q 0 0 0 rg BT 327.15 269.25 Td (million ) Tj ET Q q 0 0 0 rg BT 358.19 269.25 Td (net ) Tj ET Q q 0 0 0 rg BT 372.56 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.05 269.25 Td (tax\) ) Tj ET Q q 0 0 0 rg BT 400.75 269.25 Td (related ) Tj ET Q q 0 0 0 rg BT 430.10 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.03 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.40 269.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 478.22 269.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 504.26 269.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.75 269.25 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 98.32 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.26 257.25 Td (related ) Tj ET Q q 0 0 0 rg BT 144.96 257.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 173.29 257.25 Td (of) Tj ET Q q 0 0 0 rg BT 181.44 257.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 198.38 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.66 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 215.60 257.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 244.74 257.25 Td (by ) Tj ET Q q 0 0 0 rg BT 257.24 257.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.18 257.25 Td ($1) Tj ET Q q 0 0 0 rg BT 273.81 257.25 Td (15.1 ) Tj ET Q q 0 0 0 rg BT 293.81 257.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.70 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 325.20 257.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 344.92 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 357.42 257.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 377.13 257.25 Td (extinguishment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 118.16 245.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 161.02 245.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 196.10 245.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 238.39 245.25 Td (by ) Tj ET Q q 0 0 0 rg BT 251.27 245.25 Td ($50.4 ) Tj ET Q q 0 0 0 rg BT 276.65 245.25 Td (million ) Tj ET Q q 0 0 0 rg BT 308.42 245.25 Td (as ) Tj ET Q q 0 0 0 rg BT 319.63 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.94 245.25 Td (result ) Tj ET Q q 0 0 0 rg BT 352.04 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.24 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.56 245.25 Td ($182.3 ) Tj ET Q q 0 0 0 rg BT 400.94 245.25 Td (million ) Tj ET Q q 0 0 0 rg BT 432.71 245.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 470.00 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 480.65 245.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 507.42 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 529.74 245.25 Td (noncash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.22 233.25 Td (value ) Tj ET Q q 0 0 0 rg BT 106.72 233.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 156.34 233.25 Td (between ) Tj ET Q q 0 0 0 rg BT 191.49 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.55 233.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 239.34 233.25 Td (lar) Tj ET Q q 0 0 0 rg BT 249.70 233.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 268.76 233.25 Td (of) Tj ET Q q 0 0 0 rg BT 276.91 233.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 293.19 233.25 Td (by ) Tj ET Q q 0 0 0 rg BT 305.04 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.32 233.25 Td ($132.0 ) Tj ET Q q 0 0 0 rg BT 340.66 233.25 Td (million ) Tj ET Q q 0 0 0 rg BT 371.40 233.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 407.65 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.28 233.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 459.10 233.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 505.93 233.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.26 233.25 Td ($47.8 ) Tj ET Q q 0 0 0 rg BT 533.61 233.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 233.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.78 221.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 118.60 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 131.10 221.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 178.59 221.25 Td (during ) Tj ET Q q 0 0 0 rg BT 207.20 221.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 229.70 221.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 271.63 221.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.90 221.25 Td ($84.2 ) Tj ET Q q 0 0 0 rg BT 306.90 221.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 221.25 Td ( ) Tj ET Q q 0 0 0 rg BT 338.30 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 348.57 221.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 382.17 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 394.67 221.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 442.16 221.25 Td (during ) Tj ET Q q 0 0 0 rg BT 470.77 221.25 Td (2016\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 197.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.93 197.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.93 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 124.54 197.25 Td (we ) Tj ET Q q 0 0 0 rg BT 139.30 197.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 186.26 197.25 Td (net ) Tj ET Q q 0 0 0 rg BT 201.58 197.25 Td (income ) Tj ET Q q 0 0 0 rg BT 234.12 197.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.55 197.25 Td ($163.2 ) Tj ET Q q 0 0 0 rg BT 276.16 197.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.05 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 310.65 197.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.08 197.25 Td ($0.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.58 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.69 197.25 Td (per ) Tj ET Q q 0 0 0 rg BT 363.56 197.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 394.44 197.25 Td (common ) Tj ET Q q 0 0 0 rg BT 432.53 197.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 459.24 197.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 501.76 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.64 197.25 Td (a ) Tj ET Q q 0 0 0 rg BT 520.19 197.25 Td (net ) Tj ET Q q 0 0 0 rg BT 535.51 197.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 554.17 197.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td ($976.2 ) Tj ET Q q 0 0 0 rg BT 79.31 185.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.21 185.25 Td (, ) Tj ET Q q 0 0 0 rg BT 113.02 185.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.67 185.25 Td ($2.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.17 185.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.48 185.25 Td (per ) Tj ET Q q 0 0 0 rg BT 163.56 185.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 193.65 185.25 Td (common ) Tj ET Q q 0 0 0 rg BT 230.96 185.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 256.87 185.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.30 185.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.30 185.25 Td (. ) Tj ET Q q 0 0 0 rg BT 310.11 185.25 Td ( ) Tj ET Q q 0 0 0 rg BT 312.42 185.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 330.29 185.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 352.61 185.25 Td (net ) Tj ET Q q 0 0 0 rg BT 367.14 185.25 Td (income ) Tj ET Q q 0 0 0 rg BT 398.88 185.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 434.52 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.06 185.25 Td (ef) Tj ET Q q 0 0 0 rg BT 456.64 185.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 473.94 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.59 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 491.34 185.25 Td (one-time ) Tj ET Q q 0 0 0 rg BT 529.20 185.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.99 173.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 94.03 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.64 173.25 Td ($132.2 ) Tj ET Q q 0 0 0 rg BT 134.41 173.25 Td (million ) Tj ET Q q 0 0 0 rg BT 165.58 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.63 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.13 173.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 216.84 173.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 247.43 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.04 173.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 280.31 173.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 317.58 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 339.29 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.79 173.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 393.83 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.43 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.92 173.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 448.95 173.25 Td (income ) Tj ET Q q 0 0 0 rg BT 480.66 173.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 495.15 173.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 512.42 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 534.13 173.25 Td (35% ) Tj ET Q q 0 0 0 rg BT 554.73 173.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (21% ) Tj ET Q q 0 0 0 rg BT 70.33 161.25 Td (as ) Tj ET Q q 0 0 0 rg BT 81.16 161.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 114.19 161.25 Td (by ) Tj ET Q q 0 0 0 rg BT 126.69 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.23 161.25 Td (T) Tj ET Q q 0 0 0 rg BT 146.64 161.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 158.58 161.25 Td (Cut ) Tj ET Q q 0 0 0 rg BT 175.53 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.46 161.25 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 212.20 161.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 229.13 161.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 247.18 161.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 276.33 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.60 161.25 Td (December ) Tj ET Q q 0 0 0 rg BT 330.19 161.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 137.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 137.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.41 137.25 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.10 137.25 Td ($267.1 ) Tj ET Q q 0 0 0 rg BT 155.43 137.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.33 137.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.16 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.32 137.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.92 137.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 240.08 137.25 Td (from ) Tj ET Q q 0 0 0 rg BT 262.35 137.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 302.95 137.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 341.88 137.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.82 137.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.82 137.25 Td (, ) Tj ET Q q 0 0 0 rg BT 396.15 137.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 438.41 137.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.02 137.25 Td ($219.2 ) Tj ET Q q 0 0 0 rg BT 479.35 137.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.24 137.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.07 137.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 137.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 137.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (due ) Tj ET Q q 0 0 0 rg BT 65.96 125.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 105.20 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.01 125.25 Td (a ) Tj ET Q q 0 0 0 rg BT 121.47 125.25 Td ($153.9 ) Tj ET Q q 0 0 0 rg BT 151.00 125.25 Td (million ) Tj ET Q q 0 0 0 rg BT 181.92 125.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 216.70 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 226.50 125.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 239.08 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.55 125.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 285.34 125.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 300.70 125.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 338.26 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.72 125.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.19 125.25 Td (net ) Tj ET Q q 0 0 0 rg BT 375.43 125.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 411.87 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.68 125.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 462.30 125.25 Td (lar) Tj ET Q q 0 0 0 rg BT 472.67 125.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 491.91 125.25 Td (of) Tj ET Q q 0 0 0 rg BT 500.06 125.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 516.53 125.25 Td (by ) Tj ET Q q 0 0 0 rg BT 528.55 125.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.02 125.25 Td ($132.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.89 113.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 112.26 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.54 113.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 165.02 113.25 Td (settlements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 89.25 Td (Mission ) Tj ET Q q 0 0 0 rg BT 103.74 89.25 Td (Canyon ) Tj ET Q q 0 0 0 rg BT 139.99 89.25 Td (Exploitation. ) Tj ET Q q 0 0 0 rg BT 198.18 89.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.08 89.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 238.85 89.25 Td (s ) Tj ET Q q 0 0 0 rg BT 245.64 89.25 Td (first ) Tj ET Q q 0 0 0 rg BT 264.65 89.25 Td (Mission ) Tj ET Q q 0 0 0 rg BT 299.79 89.25 Td (Canyon ) Tj ET Q q 0 0 0 rg BT 333.80 89.25 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 384.47 89.25 Td (well ) Tj ET Q q 0 0 0 rg BT 404.58 89.25 Td (was ) Tj ET Q q 0 0 0 rg BT 423.04 89.25 Td (drilled ) Tj ET Q q 0 0 0 rg BT 452.04 89.25 Td (during ) Tj ET Q q 0 0 0 rg BT 481.05 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.17 89.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 523.51 89.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.73 89.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.32 77.25 Td (Pennel ) Tj ET Q q 0 0 0 rg BT 94.13 77.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 117.29 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.67 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.48 77.25 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 168.96 77.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 194.86 77.25 Td (Anticline, ) Tj ET Q q 0 0 0 rg BT 237.17 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.21 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.02 77.25 Td (well ) Tj ET Q q 0 0 0 rg BT 288.84 77.25 Td (began ) Tj ET Q q 0 0 0 rg BT 315.32 77.25 Td (production ) Tj ET Q q 0 0 0 rg BT 361.24 77.25 Td (on ) Tj ET Q q 0 0 0 rg BT 373.84 77.25 Td (December ) Tj ET Q q 0 0 0 rg BT 417.52 77.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 432.62 77.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 457.72 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 459.75 77.25 Td (A) Tj ET Q q 0 0 0 rg BT 466.23 77.25 Td (verage ) Tj ET Q q 0 0 0 rg BT 495.47 77.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 519.18 77.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (over ) Tj ET Q q 0 0 0 rg BT 69.98 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.92 65.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 110.96 65.25 Td (30-day ) Tj ET Q q 0 0 0 rg BT 141.45 65.25 Td (production ) Tj ET Q q 0 0 0 rg BT 187.49 65.25 Td (period ) Tj ET Q q 0 0 0 rg BT 215.75 65.25 Td (was ) Tj ET Q q 0 0 0 rg BT 234.02 65.25 Td (1,050 ) Tj ET Q q 0 0 0 rg BT 259.24 65.25 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 288.07 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.12 65.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 314.89 65.25 Td (with ) Tj ET Q q 0 0 0 rg BT 335.39 65.25 Td (total ) Tj ET Q q 0 0 0 rg BT 355.88 65.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 378.59 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.09 65.25 Td (drill ) Tj ET Q q 0 0 0 rg BT 408.47 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.62 65.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 464.99 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.92 65.25 Td (well ) Tj ET Q q 0 0 0 rg BT 499.86 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.90 65.25 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 531.12 65.25 Td (million. ) Tj ET Q q 0 0 0 rg BT 565.01 65.25 Td ( ) 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.) 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408.62 593.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 441.40 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.51 593.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 475.30 593.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 504.19 593.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 539.18 593.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.41 581.10 Td ($59.4 ) Tj ET Q q 0 0 0 rg BT 89.38 581.10 Td (million ) Tj ET Q q 0 0 0 rg BT 119.74 581.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 160.07 581.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 197.08 581.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 228.55 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.35 581.10 Td (new ) Tj ET Q q 0 0 0 rg BT 256.48 581.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 271.28 581.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 319.96 581.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 347.54 581.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 372.34 581.10 Td (due ) Tj ET Q q 0 0 0 rg BT 388.25 581.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 409.71 581.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 426.73 581.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 452.64 581.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 501.32 581.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 528.90 581.10 Td (Notes\). ) Tj ET Q q 0 0 0 rg BT 565.00 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 69.77 569.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 103.96 569.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 131.92 569.10 Td (ces ) Tj ET Q q 0 0 0 rg BT 148.86 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.04 569.10 Td (Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.15 569.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 208.33 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.50 569.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 248.88 569.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 272.50 569.10 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 317.21 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 322.22 569.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.89 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.07 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 388.91 569.10 Td (further ) Tj ET Q q 0 0 0 rg BT 420.29 569.10 Td (discussion\). ) Tj ET Q q 0 0 0 rg BT 471.97 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.84 569.10 Td (These ) Tj ET Q q 0 0 0 rg BT 503.89 569.10 Td (two ) Tj ET Q q 0 0 0 rg BT 523.07 569.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 99.78 557.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 133.95 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.25 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.20 557.10 Td (total ) Tj ET Q q 0 0 0 rg BT 171.49 557.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 191.23 557.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 229.29 557.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 269.57 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.42 557.10 Td ($184.4 ) Tj ET Q q 0 0 0 rg BT 310.43 557.10 Td (million ) Tj ET Q q 0 0 0 rg BT 341.84 557.10 Td (with ) Tj ET Q q 0 0 0 rg BT 362.14 557.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 399.64 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.82 557.10 Td (further ) Tj ET Q q 0 0 0 rg BT 443.55 557.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 483.83 557.10 Td (if ) Tj ET Q q 0 0 0 rg BT 492.45 557.10 Td (some ) Tj ET Q q 0 0 0 rg BT 516.08 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 526.92 557.10 Td (all ) Tj ET Q q 0 0 0 rg BT 539.44 557.10 Td (of ) 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 ($144.1 ) Tj ET Q q 0 0 0 rg BT 79.50 545.10 Td (million ) Tj ET Q q 0 0 0 rg BT 110.89 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.72 545.10 Td (new ) Tj ET Q q 0 0 0 rg BT 140.88 545.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 188.36 545.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 208.08 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 217.25 545.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 259.17 545.10 Td (into ) Tj ET Q q 0 0 0 rg BT 277.23 545.10 Td (equity) Tj ET Q q 0 0 0 rg BT 301.58 545.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 521.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 113.34 521.10 Td (Harvey ) Tj ET Q q 0 0 0 rg BT 146.39 521.10 Td (Impact.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.45 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.85 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.25 521.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 200.31 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.50 521.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 252.56 521.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 295.06 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 314.24 521.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 355.62 521.10 Td (Harvey) Tj ET Q q 0 0 0 rg BT 384.40 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 388.30 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.48 521.10 Td (late-August ) Tj ET Q q 0 0 0 rg BT 445.54 521.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 466.94 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.56 521.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.85 521.10 Td (suspended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 92.77 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.83 509.10 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 157.10 509.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 186.50 509.10 Td (all ) Tj ET Q q 0 0 0 rg BT 198.11 509.10 Td (production ) Tj ET Q q 0 0 0 rg BT 243.05 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 251.89 509.10 Td (its ) Tj ET Q q 0 0 0 rg BT 262.96 509.10 Td (Houston ) Tj ET Q q 0 0 0 rg BT 298.47 509.10 Td (area ) Tj ET Q q 0 0 0 rg BT 316.73 509.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 340.57 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.85 509.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 413.22 509.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 424.84 509.10 Td (days. ) Tj ET Q q 0 0 0 rg BT 447.29 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.79 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 465.96 509.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 504.23 509.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 528.06 509.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (Hastings, ) Tj ET Q q 0 0 0 rg BT 90.20 497.10 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 120.05 497.10 Td (Bayou, ) Tj ET Q q 0 0 0 rg BT 151.86 497.10 Td (Conroe, ) Tj ET Q q 0 0 0 rg BT 186.76 497.10 Td (Thompson, ) Tj ET Q q 0 0 0 rg BT 235.01 497.10 Td (W) Tj ET Q q 0 0 0 rg BT 243.65 497.10 Td (ebster ) Tj ET Q q 0 0 0 rg BT 270.72 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.36 497.10 Td (Manvel. ) Tj ET Q q 0 0 0 rg BT 324.60 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.57 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 346.31 497.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 376.72 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.25 497.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 431.42 497.10 Td (Harvey ) Tj ET Q q 0 0 0 rg BT 464.05 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.24 497.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 500.44 497.10 Td (production ) Tj ET Q q 0 0 0 rg BT 546.96 497.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.42 485.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 126.58 485.10 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 159.02 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.62 485.10 Td (included ) Tj ET Q q 0 0 0 rg BT 212.21 485.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 261.57 485.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 283.72 485.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 323.64 485.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 361.90 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.39 485.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 432.31 485.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 444.47 485.10 Td (million ) Tj ET Q q 0 0 0 rg BT 475.52 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.34 485.10 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 522.60 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.20 485.10 Td (repair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (Salt ) Tj ET Q q 0 0 0 rg BT 86.89 449.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 98.37 449.10 Td (eek ) Tj ET Q q 0 0 0 rg BT 115.54 449.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 139.33 449.10 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 193.45 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.18 449.10 Td (On ) Tj ET Q q 0 0 0 rg BT 211.12 449.10 Td (June ) Tj ET Q q 0 0 0 rg BT 232.18 449.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 247.40 449.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 272.63 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 287.01 449.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 324.16 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.32 449.10 Td (23% ) Tj ET Q q 0 0 0 rg BT 352.38 449.10 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 407.86 449.10 Td (working ) Tj ET Q q 0 0 0 rg BT 443.91 449.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 476.07 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.57 449.10 Td (Salt ) Tj ET Q q 0 0 0 rg BT 504.85 449.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 531.45 449.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 554.74 449.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.34 437.10 Td (yoming ) Tj ET Q q 0 0 0 rg BT 91.91 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.58 437.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.36 437.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 184.25 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.59 437.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 256.36 437.10 Td ($72 ) Tj ET Q q 0 0 0 rg BT 274.37 437.10 Td (million ) Tj ET Q q 0 0 0 rg BT 306.28 437.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 338.16 437.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 382.83 437.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 414.72 437.10 Td (adjustments\). ) Tj ET Q q 0 0 0 rg BT 471.34 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.35 437.10 Td (Salt ) Tj ET Q q 0 0 0 rg BT 492.92 437.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 519.81 437.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 543.38 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 553.06 437.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 84.80 425.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 98.69 423.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.94 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.46 425.10 Td (flood, ) Tj ET Q q 0 0 0 rg BT 130.59 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.55 425.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 178.94 425.10 Td (production ) Tj ET Q q 0 0 0 rg BT 224.79 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 246.75 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.49 425.10 Td (field ) Tj ET Q q 0 0 0 rg BT 282.33 425.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 320.94 425.10 Td (just ) Tj ET Q q 0 0 0 rg BT 337.91 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 363.20 425.10 Td (2,200 ) Tj ET Q q 0 0 0 rg BT 388.22 425.10 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 419.36 425.10 Td (net ) Tj ET Q q 0 0 0 rg BT 434.09 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.39 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.25 425.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 494.70 425.10 Td (during ) Tj ET Q q 0 0 0 rg BT 523.33 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 425.10 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.61 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.74 413.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 117.04 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.22 413.10 Td (As ) Tj ET Q q 0 0 0 rg BT 133.13 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.26 413.10 Td (December ) Tj ET Q q 0 0 0 rg BT 188.14 413.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 203.44 413.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 228.74 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 243.75 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.33 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.45 413.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 305.19 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 319.64 413.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 360.76 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.78 413.10 Td (field ) Tj ET Q q 0 0 0 rg BT 396.90 413.10 Td (had ) Tj ET Q q 0 0 0 rg BT 414.14 413.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 444.70 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 458.06 413.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 493.61 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.74 413.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (8.8 ) Tj ET Q q 0 0 0 rg BT 64.50 401.10 Td (MMBbls, ) Tj ET Q q 0 0 0 rg BT 105.62 401.10 Td (all ) Tj ET Q q 0 0 0 rg BT 118.12 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.95 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 155.89 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 170.59 401.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 200.86 401.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 244.46 401.10 Td (reserves.) Tj ET Q BT /F2 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 76.95 377.10 Td (est ) Tj ET Q q 0 0 0 rg BT 90.89 377.10 Td (Y) Tj ET Q q 0 0 0 rg BT 97.01 377.10 Td (ellow ) Tj ET Q q 0 0 0 rg BT 121.91 377.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 133.39 377.10 Td (eek ) Tj ET Q q 0 0 0 rg BT 149.92 377.10 Td (Acquisition. ) Tj ET Q q 0 0 0 rg BT 204.00 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.69 377.10 Td (In ) Tj ET Q q 0 0 0 rg BT 217.70 377.10 Td (March ) Tj ET Q q 0 0 0 rg BT 246.49 377.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 271.67 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 286.02 377.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 323.12 377.10 Td (an ) Tj ET Q q 0 0 0 rg BT 335.25 377.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 387.91 377.10 Td (48% ) Tj ET Q q 0 0 0 rg BT 408.93 377.10 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 464.37 377.10 Td (working ) Tj ET Q q 0 0 0 rg BT 500.38 377.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 532.50 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.77 377.10 Td (W) Tj ET Q q 0 0 0 rg BT 551.40 377.10 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (Y) Tj ET Q q 0 0 0 rg BT 55.72 365.10 Td (ellow ) Tj ET Q q 0 0 0 rg BT 80.62 365.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 107.18 365.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 130.42 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.88 365.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 189.13 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.47 365.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 263.91 365.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 281.60 365.10 Td (million ) Tj ET Q q 0 0 0 rg BT 313.17 365.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 344.72 365.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 376.29 365.10 Td (adjustments\), ) Tj ET Q q 0 0 0 rg BT 432.57 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.69 365.10 Td (field ) Tj ET Q q 0 0 0 rg BT 460.70 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.16 365.10 Td (which ) Tj ET Q q 0 0 0 rg BT 498.28 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.18 365.10 Td (operator ) Tj ET Q q 0 0 0 rg BT 549.18 365.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 85.35 353.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.09 353.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 159.27 353.10 Td (converting ) Tj ET Q q 0 0 0 rg BT 204.56 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.31 353.10 Td (field ) Tj ET Q q 0 0 0 rg BT 240.16 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.47 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.44 353.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 271.33 351.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.58 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.11 353.10 Td (EOR ) Tj ET Q q 0 0 0 rg BT 299.63 353.10 Td (flood. ) Tj ET Q q 0 0 0 rg BT 325.77 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.74 353.10 Td (As ) Tj ET Q q 0 0 0 rg BT 341.38 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.24 353.10 Td (December ) Tj ET Q q 0 0 0 rg BT 395.85 353.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.88 353.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 435.91 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 450.10 353.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 485.76 353.10 Td (W) Tj ET Q q 0 0 0 rg BT 494.40 353.10 Td (est ) Tj ET Q q 0 0 0 rg BT 507.66 353.10 Td (Y) Tj ET Q q 0 0 0 rg BT 513.88 353.10 Td (ellow ) Tj ET Q q 0 0 0 rg BT 538.63 353.10 Td (Creek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 72.40 341.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 110.84 341.10 Td (has ) Tj ET Q q 0 0 0 rg BT 126.51 341.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 186.61 341.10 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 201.46 341.10 Td (MMBbls ) Tj ET Q q 0 0 0 rg BT 239.92 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.60 341.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 280.71 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 293.61 341.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 331.21 341.10 Td (net ) Tj ET Q q 0 0 0 rg BT 345.77 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.90 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.57 341.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 405.85 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.63 341.10 Td (first ) Tj ET Q q 0 0 0 rg BT 441.08 341.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 472.30 341.10 Td (production ) Tj ET Q q 0 0 0 rg BT 517.97 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.98 341.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.30 329.10 Td (this ) Tj ET Q q 0 0 0 rg BT 88.10 329.10 Td (field ) Tj ET Q q 0 0 0 rg BT 108.78 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.92 329.10 Td (early ) Tj ET Q q 0 0 0 rg BT 141.26 329.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 166.12 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.48 329.10 Td (Having ) Tj ET Q q 0 0 0 rg BT 200.27 329.10 Td (available ) Tj ET Q q 0 0 0 rg BT 238.72 329.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 252.61 327.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.86 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.22 329.10 Td (was ) Tj ET Q q 0 0 0 rg BT 276.13 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 282.92 329.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 316.94 329.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 342.61 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.74 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.43 329.10 Td (being ) Tj ET Q q 0 0 0 rg BT 393.01 329.10 Td (able ) Tj ET Q q 0 0 0 rg BT 412.02 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.15 329.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 444.50 329.10 Td (into ) Tj ET Q q 0 0 0 rg BT 462.41 329.10 Td (this ) Tj ET Q q 0 0 0 rg BT 479.22 329.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 527.95 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.08 329.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 317.10 Td (will ) Tj ET Q q 0 0 0 rg BT 81.72 317.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 98.10 317.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.00 315.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.24 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.74 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.02 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.74 317.10 Td (operator) Tj ET Q q 0 0 0 rg BT 175.50 317.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 79.87 293.10 Td (AL) Tj ET Q q 0 0 0 rg BT 93.21 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.71 293.10 Td (RESOURCES ) Tj ET Q q 0 0 0 rg BT 158.79 293.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 182.95 293.10 Td (LIQUIDITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (Overview) Tj ET Q q 0 0 0 rg BT 108.04 269.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.54 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.62 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.70 269.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 135.33 269.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 170.06 269.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 203.13 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.54 269.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 244.27 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.79 269.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 298.76 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.04 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.45 269.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.30 269.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 376.60 269.10 Td (from ) Tj ET Q q 0 0 0 rg BT 399.12 269.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 443.85 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.37 269.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 509.43 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.84 269.10 Td (borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 85.26 257.10 Td (under ) Tj ET Q q 0 0 0 rg BT 110.48 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.27 257.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 153.16 257.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 186.15 257.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 208.04 257.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 233.26 257.10 Td (facility) Tj ET Q q 0 0 0 rg BT 260.93 257.10 Td (. ) Tj ET Q q 0 0 0 rg BT 265.88 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.33 257.10 Td (During ) Tj ET Q q 0 0 0 rg BT 299.11 257.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 324.07 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 338.18 257.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 379.49 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.72 257.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 424.39 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 446.28 257.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 490.39 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.17 257.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.17 257.10 Td (267.1 ) Tj ET Q q 0 0 0 rg BT 531.12 257.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 257.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (after ) Tj ET Q q 0 0 0 rg BT 69.95 245.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 97.63 245.10 Td (ef) Tj ET Q q 0 0 0 rg BT 105.22 245.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 122.34 245.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.25 245.10 Td ($62.2 ) Tj ET Q q 0 0 0 rg BT 156.88 245.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.77 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.90 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.36 245.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.26 245.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 255.39 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.18 245.10 Td (working ) Tj ET Q q 0 0 0 rg BT 304.64 245.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 333.42 245.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 370.26 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 396.83 245.10 Td (were ) Tj ET Q q 0 0 0 rg BT 418.38 245.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 457.17 245.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 509.29 245.10 Td (by ) Tj ET Q q 0 0 0 rg BT 521.42 245.10 Td (increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 233.10 Td (during ) Tj ET Q q 0 0 0 rg BT 116.15 233.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 138.65 233.10 Td (due ) Tj ET Q q 0 0 0 rg BT 155.58 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.86 233.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.92 233.10 Td (price ) Tj ET Q q 0 0 0 rg BT 201.40 233.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 240.55 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.49 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.21 233.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 300.82 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.65 233.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 341.35 233.10 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 209.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.86 209.10 Td (preservation ) Tj ET Q q 0 0 0 rg BT 140.10 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.24 209.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 173.82 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.07 209.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 229.77 209.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 265.24 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.49 209.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 319.52 209.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 353.33 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.80 209.10 Td (us ) Tj ET Q q 0 0 0 rg BT 381.50 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.09 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.12 209.10 Td (current ) Tj ET Q q 0 0 0 rg BT 441.25 209.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 455.62 209.10 Td (price ) Tj ET Q q 0 0 0 rg BT 479.42 209.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 536.27 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.24 209.10 Td (As ) Tj ET Q q 0 0 0 rg BT 554.17 209.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.32 197.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.32 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 131.55 197.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.94 197.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.12 197.10 Td ($475.0 ) Tj ET Q q 0 0 0 rg BT 190.35 197.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.24 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.97 197.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 247.70 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.43 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.50 197.10 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 298.73 197.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 326.58 197.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 352.75 197.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 385.02 197.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 406.19 197.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 430.69 197.10 Td (facility) Tj ET Q q 0 0 0 rg BT 458.36 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.59 197.10 Td (leaving ) Tj ET Q q 0 0 0 rg BT 493.76 197.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.38 197.10 Td ($512.8 ) Tj ET Q q 0 0 0 rg BT 533.62 197.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.24 185.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 104.31 185.10 Td (base ) Tj ET Q q 0 0 0 rg BT 124.49 185.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 171.89 185.10 Td (after ) Tj ET Q q 0 0 0 rg BT 192.62 185.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 248.90 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.64 185.10 Td ($62.2 ) Tj ET Q q 0 0 0 rg BT 284.55 185.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.44 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.85 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.59 185.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 375.67 185.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 402.52 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.26 185.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 440.93 185.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 482.77 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.96 185.10 Td ($495.0 ) Tj ET Q q 0 0 0 rg BT 522.87 185.10 Td (million ) 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 (borrowings ) Tj ET Q q 0 0 0 rg BT 97.70 173.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 147.02 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.00 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.98 173.10 Td (September ) Tj ET Q q 0 0 0 rg BT 214.39 173.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 229.54 173.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 252.19 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.28 173.10 Td ($301.0 ) Tj ET Q q 0 0 0 rg BT 299.43 173.10 Td (million ) Tj ET Q q 0 0 0 rg BT 330.97 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.96 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.94 173.10 Td (December ) Tj ET Q q 0 0 0 rg BT 396.67 173.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 411.82 173.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 436.97 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.43 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 457.63 173.10 Td ($174.0 ) Tj ET Q q 0 0 0 rg BT 487.78 173.10 Td (million ) Tj ET Q q 0 0 0 rg BT 519.32 173.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.72 173.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 71.68 161.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 91.63 161.10 Td (since ) Tj ET Q q 0 0 0 rg BT 114.92 161.10 Td (December ) Tj ET Q q 0 0 0 rg BT 158.74 161.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 173.98 161.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 196.72 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 206.12 161.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 246.07 161.10 Td (due ) Tj ET Q q 0 0 0 rg BT 263.25 161.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.77 161.10 Td ($88.9 ) Tj ET Q q 0 0 0 rg BT 299.01 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.90 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.64 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.70 161.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 355.00 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.18 161.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 402.68 161.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 418.75 161.10 Td (property ) Tj ET Q q 0 0 0 rg BT 455.36 161.10 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.37 161.10 Td ($62.2 ) Tj ET Q q 0 0 0 rg BT 533.61 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.02 149.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 79.97 149.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 117.15 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 131.00 149.10 Td (working ) Tj ET Q q 0 0 0 rg BT 166.51 149.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 195.35 149.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 232.24 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.87 149.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 297.14 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.66 149.10 Td (other ) Tj ET Q q 0 0 0 rg BT 330.39 149.10 Td (non-bank ) Tj ET Q q 0 0 0 rg BT 370.34 149.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 389.75 149.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.26 149.10 Td ($80.3 ) Tj ET Q q 0 0 0 rg BT 424.95 149.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.84 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.02 149.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 473.76 149.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 509.82 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.34 149.10 Td (which ) Tj ET Q q 0 0 0 rg BT 546.96 149.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 80.95 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 92.96 137.10 Td (second ) Tj ET Q q 0 0 0 rg BT 122.74 137.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 139.75 137.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 162.88 137.10 Td (which ) Tj ET Q q 0 0 0 rg BT 189.33 137.10 Td (was ) Tj ET Q q 0 0 0 rg BT 206.90 137.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 246.67 137.10 Td (as ) Tj ET Q q 0 0 0 rg BT 257.02 137.10 Td (debt\), ) Tj ET Q q 0 0 0 rg BT 282.08 137.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 317.41 137.10 Td (of) Tj ET Q q 0 0 0 rg BT 325.56 137.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 342.01 137.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.03 137.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 393.81 137.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 413.59 137.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 433.93 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.73 137.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 471.84 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.18 137.10 Td (development ) Tj ET Q q 0 0 0 rg BT 535.85 137.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (expenditures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 101.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.31 101.10 Td (have ) Tj ET Q q 0 0 0 rg BT 104.93 101.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 152.66 101.10 Td (tried ) Tj ET Q q 0 0 0 rg BT 173.72 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.24 101.10 Td (match ) Tj ET Q q 0 0 0 rg BT 211.41 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 227.48 101.10 Td (development ) Tj ET Q q 0 0 0 rg BT 281.87 101.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 311.26 101.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 350.10 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.62 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.69 101.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 407.19 101.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 428.26 101.10 Td (from ) Tj ET Q q 0 0 0 rg BT 450.44 101.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 494.83 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.01 101.10 Td (we ) Tj ET Q q 0 0 0 rg BT 526.41 101.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 77.51 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.20 89.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 107.44 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.69 89.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 156.26 89.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 184.82 89.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 237.83 89.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.52 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 272.77 89.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 311.88 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 331.57 89.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 351.81 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 373.16 89.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 416.73 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.42 89.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 450.84 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.61 89.10 Td (W) Tj ET Q q 0 0 0 rg BT 461.25 89.10 Td (e ) Tj ET Q q 0 0 0 rg BT 467.60 89.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 498.39 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.52 89.10 Td (approximate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 72.44 77.10 Td (million ) Tj ET Q q 0 0 0 rg BT 104.28 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.55 77.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 152.39 77.10 Td (available ) Tj ET Q q 0 0 0 rg BT 191.42 77.10 Td (under ) Tj ET Q q 0 0 0 rg BT 217.14 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 233.41 77.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 255.79 77.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.50 77.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 312.77 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 322.38 77.10 Td (suf) Tj ET Q q 0 0 0 rg BT 334.42 77.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 362.91 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.63 77.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 398.78 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 416.17 77.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 445.21 77.10 Td (working ) Tj ET Q q 0 0 0 rg BT 481.48 77.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.08 77.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 536.79 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 548.06 77.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 97.08 65.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 116.92 65.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 137.31 65.10 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 172.69 65.10 Td (between ) Tj ET Q q 0 0 0 rg BT 208.07 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.46 65.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.29 65.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 267.58 65.10 Td (from ) Tj ET Q q 0 0 0 rg BT 289.08 65.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 332.80 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.30 65.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 378.01 65.10 Td (spending. ) Tj ET Q q 0 0 0 rg BT 418.68 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.59 65.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.63 65.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 442.25 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.53 65.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 492.47 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.86 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 518.26 65.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.76 65.10 Td (credit ) 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 (facility ) Tj ET Q q 0 0 0 rg BT 80.68 713.10 Td (set ) Tj ET Q q 0 0 0 rg BT 94.66 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.18 713.10 Td (December ) Tj ET Q q 0 0 0 rg BT 153.13 713.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 178.49 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.57 713.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.32 713.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 267.07 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.72 713.10 Td (proactively ) Tj ET Q q 0 0 0 rg BT 325.56 713.10 Td (work ) Tj ET Q q 0 0 0 rg BT 348.98 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 369.62 713.10 Td (its ) Tj ET Q q 0 0 0 rg BT 381.93 713.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 404.23 713.10 Td (group ) Tj ET Q q 0 0 0 rg BT 430.43 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 459.40 713.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 482.26 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 495.13 713.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 536.31 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.51 713.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 84.97 701.10 Td (date ) Tj ET Q q 0 0 0 rg BT 103.21 701.10 Td (while ) Tj ET Q q 0 0 0 rg BT 127.01 701.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.14 701.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 201.82 701.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 223.41 701.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 272.76 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.68 701.10 Td (current ) Tj ET Q q 0 0 0 rg BT 317.58 701.10 Td (level ) Tj ET Q q 0 0 0 rg BT 338.60 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.52 701.10 Td (available ) Tj ET Q q 0 0 0 rg BT 386.19 701.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 421.67 701.10 Td (through ) Tj ET Q q 0 0 0 rg BT 454.36 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.95 701.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 505.02 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.49 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.63 701.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.86 689.10 Td (also ) Tj ET Q q 0 0 0 rg BT 89.11 689.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 111.13 689.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 136.50 689.10 Td (through ) Tj ET Q q 0 0 0 rg BT 170.75 689.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 193.33 689.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 215.91 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.39 689.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 248.87 689.10 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 288.39 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 299.86 689.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 336.88 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.35 689.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 368.71 689.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 397.41 689.10 Td (equity) Tj ET Q q 0 0 0 rg BT 421.75 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.39 689.10 Td (which ) Tj ET Q q 0 0 0 rg BT 454.98 689.10 Td (would ) Tj ET Q q 0 0 0 rg BT 483.12 689.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 512.36 689.10 Td (us ) Tj ET Q q 0 0 0 rg BT 524.39 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.31 689.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.75 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.57 677.10 Td (available ) Tj ET Q q 0 0 0 rg BT 142.16 677.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 175.40 677.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.40 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.89 677.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 218.93 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.20 677.10 Td (this, ) Tj ET Q q 0 0 0 rg BT 250.64 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.36 677.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 308.74 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 318.90 677.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 358.49 677.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 395.30 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.58 677.10 Td (two ) Tj ET Q q 0 0 0 rg BT 425.07 677.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 448.00 677.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 467.05 677.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 508.86 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.35 677.10 Td (could ) Tj ET Q q 0 0 0 rg BT 553.06 677.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 94.20 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.02 665.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 130.57 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.62 665.10 Td (In ) Tj ET Q q 0 0 0 rg BT 144.99 665.10 Td (mid-2017, ) Tj ET Q q 0 0 0 rg BT 189.43 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.13 665.10 Td (began ) Tj ET Q q 0 0 0 rg BT 231.06 665.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 265.75 665.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 309.34 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 324.05 665.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 342.64 665.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 372.89 665.10 Td (non-productive ) Tj ET Q q 0 0 0 rg BT 437.03 665.10 Td (surface ) Tj ET Q q 0 0 0 rg BT 468.95 665.10 Td (acreage ) Tj ET Q q 0 0 0 rg BT 502.52 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.34 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.61 665.10 Td (Houston ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (area, ) Tj ET Q q 0 0 0 rg BT 71.33 653.10 Td (tar) Tj ET Q q 0 0 0 rg BT 81.69 653.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 106.03 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.48 653.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 148.03 653.10 Td (bids ) Tj ET Q q 0 0 0 rg BT 167.38 653.10 Td (during ) Tj ET Q q 0 0 0 rg BT 196.16 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.06 653.10 Td (second ) Tj ET Q q 0 0 0 rg BT 241.51 653.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 272.50 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.51 653.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 308.69 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.78 653.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 334.85 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.31 653.10 Td (late-February ) Tj ET Q q 0 0 0 rg BT 401.85 653.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 427.03 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 441.37 653.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 476.82 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.94 653.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 502.17 653.10 Td (process ) Tj ET Q q 0 0 0 rg BT 534.83 653.10 Td (for ) 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 (mature ) Tj ET Q q 0 0 0 rg BT 79.88 641.10 Td (EOR ) Tj ET Q q 0 0 0 rg BT 102.49 641.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 145.09 641.10 Td (located ) Tj ET Q q 0 0 0 rg BT 176.58 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.97 641.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 235.15 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.21 641.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 294.25 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.31 641.10 Td (Citronelle ) Tj ET Q q 0 0 0 rg BT 353.91 641.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 377.08 641.10 Td (located ) Tj ET Q q 0 0 0 rg BT 408.57 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.38 641.10 Td (Alabama. ) Tj ET Q q 0 0 0 rg BT 459.59 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.20 641.10 Td (In ) Tj ET Q q 0 0 0 rg BT 473.15 641.10 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 517.12 641.10 Td (these ) Tj ET Q q 0 0 0 rg BT 540.28 641.10 Td (fields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 92.33 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.29 629.10 Td (13% ) Tj ET Q q 0 0 0 rg BT 126.91 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.54 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.16 629.10 Td (total ) Tj ET Q q 0 0 0 rg BT 173.23 629.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 195.53 629.10 Td (production ) Tj ET Q q 0 0 0 rg BT 241.15 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.89 629.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 317.94 629.10 Td (7% ) Tj ET Q q 0 0 0 rg BT 333.57 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.20 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.82 629.10 Td (year) Tj ET Q q 0 0 0 rg BT 376.83 629.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 396.89 629.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 426.96 629.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 467.04 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.88 629.10 Td (success, ) Tj ET Q q 0 0 0 rg BT 519.67 629.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 548.08 629.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 86.37 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.14 617.10 Td (these ) Tj ET Q q 0 0 0 rg BT 120.12 617.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 160.88 617.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 189.98 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 201.85 617.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 241.49 617.10 Td (at ) Tj ET Q q 0 0 0 rg BT 251.15 617.10 Td (this ) Tj ET Q q 0 0 0 rg BT 268.03 617.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 290.75 617.10 Td (but ) Tj ET Q q 0 0 0 rg BT 305.96 617.10 Td (if ) Tj ET Q q 0 0 0 rg BT 314.51 617.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 358.04 617.10 Td (could ) Tj ET Q q 0 0 0 rg BT 382.70 617.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 415.68 617.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 458.11 617.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 482.77 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.99 617.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 509.86 617.10 Td (down ) Tj ET Q q 0 0 0 rg BT 534.52 617.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.18 617.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (add ) Tj ET Q q 0 0 0 rg BT 66.44 605.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 102.83 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 116.99 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.47 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.30 605.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 212.78 605.10 Td (uses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 92.17 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 106.29 581.10 Td (do ) Tj ET Q q 0 0 0 rg BT 118.75 581.10 Td (not ) Tj ET Q q 0 0 0 rg BT 133.99 581.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 162.54 581.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 175.55 581.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 201.89 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.12 581.10 Td (return ) Tj ET Q q 0 0 0 rg BT 238.46 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.69 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.37 581.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 311.35 581.10 Td (future ) Tj ET Q q 0 0 0 rg BT 337.68 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.92 581.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 374.80 581.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 414.47 581.10 Td (highs ) Tj ET Q q 0 0 0 rg BT 438.59 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.38 581.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 474.34 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 488.46 581.10 Td (have ) Tj ET Q q 0 0 0 rg BT 509.79 581.10 Td (adjusted, ) Tj ET Q q 0 0 0 rg BT 548.07 581.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.29 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.42 569.10 Td (adjust, ) Tj ET Q q 0 0 0 rg BT 125.16 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 140.84 569.10 Td (business ) Tj ET Q q 0 0 0 rg BT 177.08 569.10 Td (through ) Tj ET Q q 0 0 0 rg BT 210.54 569.10 Td (ef) Tj ET Q q 0 0 0 rg BT 218.13 569.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 258.79 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.59 569.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 294.05 569.10 Td (reductions. ) Tj ET Q q 0 0 0 rg BT 340.55 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.91 569.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 365.82 569.10 Td (recently) Tj ET Q q 0 0 0 rg BT 397.37 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.23 569.10 Td (we ) Tj ET Q q 0 0 0 rg BT 416.24 569.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 460.24 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.03 569.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 507.15 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.28 569.10 Td (force ) Tj ET Q q 0 0 0 rg BT 540.17 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 569.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (third ) Tj ET Q q 0 0 0 rg BT 72.07 557.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 104.07 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.08 557.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 142.26 557.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 180.94 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.40 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.52 557.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 241.96 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.97 557.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 315.41 557.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 337.42 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.44 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.33 557.10 Td (Company) Tj ET Q q 0 0 0 rg BT 407.00 557.10 Td (s ) Tj ET Q q 0 0 0 rg BT 414.57 557.10 Td (workforce, ) Tj ET Q q 0 0 0 rg BT 461.84 557.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 508.85 557.10 Td (comprised ) 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 (personnel ) Tj ET Q q 0 0 0 rg BT 90.44 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 99.71 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.98 545.10 Td (Company) Tj ET Q q 0 0 0 rg BT 155.65 545.10 Td (s ) Tj ET Q q 0 0 0 rg BT 161.60 545.10 Td (headquarters. ) Tj ET Q q 0 0 0 rg BT 217.24 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.15 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 228.19 545.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 240.80 545.10 Td (this ) Tj ET Q q 0 0 0 rg BT 257.31 545.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 297.13 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.97 545.10 Td (force, ) Tj ET Q q 0 0 0 rg BT 332.06 545.10 Td (coupled ) Tj ET Q q 0 0 0 rg BT 365.78 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 385.61 545.10 Td (other ) Tj ET Q q 0 0 0 rg BT 408.22 545.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 434.70 545.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 452.87 545.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 484.92 545.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 524.19 545.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.50 533.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 115.38 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.83 533.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 151.00 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 165.34 533.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 194.10 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.55 533.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 234.98 533.10 Td (an ) Tj ET Q q 0 0 0 rg BT 247.09 533.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 293.07 533.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 310.75 533.10 Td (million ) Tj ET Q q 0 0 0 rg BT 342.31 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.76 533.10 Td (tar) Tj ET Q q 0 0 0 rg BT 363.13 533.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 387.46 533.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.24 533.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 450.56 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.01 533.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 486.19 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.30 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 517.63 533.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.74 533.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.87 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 95.03 521.10 Td (have ) Tj ET Q q 0 0 0 rg BT 116.41 521.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 158.90 521.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 214.17 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.45 521.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 253.60 521.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.27 497.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.48 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.69 497.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 167.78 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.00 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.76 497.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 212.31 497.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 252.23 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 266.33 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 287.64 497.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 321.72 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.49 497.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 357.14 497.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 395.12 497.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 420.88 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.32 497.10 Td ($836 ) Tj ET Q q 0 0 0 rg BT 455.76 497.10 Td (million ) Tj ET Q q 0 0 0 rg BT 487.08 497.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 530.63 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.28 497.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 89.33 485.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 133.05 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.90 485.10 Td (January ) Tj ET Q q 0 0 0 rg BT 176.07 485.10 Td (2018\) ) Tj ET Q q 0 0 0 rg BT 201.48 485.10 Td (since ) Tj ET Q q 0 0 0 rg BT 224.09 485.10 Td (December ) Tj ET Q q 0 0 0 rg BT 267.25 485.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 281.82 485.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 306.40 485.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 345.68 485.10 Td (through ) Tj ET Q q 0 0 0 rg BT 378.86 485.10 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 433.71 485.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 453.00 485.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 496.72 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.23 485.10 Td (open ) Tj ET Q q 0 0 0 rg BT 534.74 485.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 68.01 473.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 118.99 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.19 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 137.02 473.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 184.42 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.48 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.99 473.10 Td (market ) Tj ET Q q 0 0 0 rg BT 236.04 473.10 Td (price ) Tj ET Q q 0 0 0 rg BT 257.32 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.94 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.56 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 300.06 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.79 473.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 342.07 473.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 381.13 473.10 Td (may ) Tj ET Q q 0 0 0 rg BT 399.63 473.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 431.47 473.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 485.53 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.48 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 516.98 473.10 Td (refinancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.12 461.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 102.40 461.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 121.90 461.10 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 164.45 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.18 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.13 461.10 Td (may ) Tj ET Q q 0 0 0 rg BT 214.63 461.10 Td (have ) Tj ET Q q 0 0 0 rg BT 235.79 461.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 283.64 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 303.71 461.10 Td (bondholders ) Tj ET Q q 0 0 0 rg BT 355.44 461.10 Td (from ) Tj ET Q q 0 0 0 rg BT 377.16 461.10 Td (time ) Tj ET Q q 0 0 0 rg BT 397.22 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.29 461.10 Td (time ) Tj ET Q q 0 0 0 rg BT 427.35 461.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 467.95 461.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 505.23 461.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.73 461.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 99.01 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.09 449.10 Td (various ) Tj ET Q q 0 0 0 rg BT 140.28 449.10 Td (types. ) Tj ET Q q 0 0 0 rg BT 165.64 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.39 449.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 204.69 449.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 254.20 449.10 Td (could ) Tj ET Q q 0 0 0 rg BT 278.17 449.10 Td (include ) Tj ET Q q 0 0 0 rg BT 309.35 449.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 350.53 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.61 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.69 449.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 429.09 449.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 448.06 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.59 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.55 449.10 Td (open ) Tj ET Q q 0 0 0 rg BT 492.74 449.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 524.76 449.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 437.10 Td (fers, ) Tj ET Q q 0 0 0 rg BT 77.42 437.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.47 437.10 Td (tenders ) Tj ET Q q 0 0 0 rg BT 128.63 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.58 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.19 437.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 180.19 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.80 437.10 Td (future ) Tj ET Q q 0 0 0 rg BT 216.96 437.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 254.23 437.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 273.73 437.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 313.78 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 333.84 437.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 371.66 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.27 437.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 422.32 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.94 437.10 Td (equity) Tj ET Q q 0 0 0 rg BT 457.28 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.07 437.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 483.79 437.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 508.01 437.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 528.63 437.10 Td (ventures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.90 425.10 Td (other ) Tj ET Q q 0 0 0 rg BT 90.41 425.10 Td (cash-generating ) Tj ET Q q 0 0 0 rg BT 156.68 425.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 198.24 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.55 425.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 220.74 425.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 248.69 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 266.65 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 281.28 425.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 304.24 425.10 Td (could ) Tj ET Q q 0 0 0 rg BT 329.42 425.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 349.04 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.78 425.10 Td (dilution ) Tj ET Q q 0 0 0 rg BT 393.86 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.15 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 421.45 425.10 Td (current ) Tj ET Q q 0 0 0 rg BT 452.73 425.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 506.24 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.64 425.10 Td (af) Tj ET Q q 0 0 0 rg BT 531.23 425.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.18 425.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 413.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.60 413.10 Td (price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 95.10 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.44 389.10 Td (Secur) Tj ET Q q 0 0 0 rg BT 121.70 389.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 134.05 389.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 159.19 389.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 170.67 389.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 189.12 389.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 220.78 389.10 Td (. ) Tj ET Q q 0 0 0 rg BT 225.63 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.97 389.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 245.35 389.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 286.58 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.36 389.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 340.14 389.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 366.97 389.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 413.74 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 433.86 389.10 Td (JPMor) Tj ET Q q 0 0 0 rg BT 460.35 389.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 477.14 389.10 Td (Chase ) Tj ET Q q 0 0 0 rg BT 503.92 389.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 529.88 389.10 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 554.17 389.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 109.43 377.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 136.31 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.47 377.10 Td (other ) Tj ET Q q 0 0 0 rg BT 176.74 377.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 208.34 377.10 Td (party ) Tj ET Q q 0 0 0 rg BT 231.61 377.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 262.10 377.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 280.37 377.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 308.64 377.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 335.76 377.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 390.68 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 400.07 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.23 377.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 434.39 377.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 467.65 377.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 508.70 377.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.19 377.10 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.04 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.23 365.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 113.87 365.10 Td (date ) Tj ET Q q 0 0 0 rg BT 133.29 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.37 365.10 Td (December ) Tj ET Q q 0 0 0 rg BT 188.21 365.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 198.47 365.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 223.73 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.88 365.10 Td (As ) Tj ET Q q 0 0 0 rg BT 239.75 365.10 Td (part ) Tj ET Q q 0 0 0 rg BT 258.06 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.14 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.23 365.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 301.31 365.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 324.07 365.10 Td (semiannual ) Tj ET Q q 0 0 0 rg BT 372.37 365.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 416.79 365.10 Td (base ) Tj ET Q q 0 0 0 rg BT 437.32 365.10 Td (redetermination, ) Tj ET Q q 0 0 0 rg BT 505.88 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 365.10 Td (borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (base ) Tj ET Q q 0 0 0 rg BT 70.55 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.27 353.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 116.54 353.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 174.26 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.20 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.81 353.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 230.20 353.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 257.75 353.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 305.46 353.10 Td (were ) Tj ET Q q 0 0 0 rg BT 328.17 353.10 Td (reaf) Tj ET Q q 0 0 0 rg BT 343.52 353.10 Td (firmed ) Tj ET Q q 0 0 0 rg BT 373.46 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 383.96 353.10 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 409.74 353.10 Td (billion, ) Tj ET Q q 0 0 0 rg BT 441.63 353.10 Td (with ) Tj ET Q q 0 0 0 rg BT 462.69 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 479.30 353.10 Td (next ) Tj ET Q q 0 0 0 rg BT 499.80 353.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 544.74 353.10 Td (base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 115.31 341.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 157.79 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.95 341.10 Td (May ) Tj ET Q q 0 0 0 rg BT 192.78 341.10 Td (2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.56 317.10 Td (May ) Tj ET Q q 0 0 0 rg BT 99.63 317.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 124.86 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.25 317.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 171.41 317.10 Td (into ) Tj ET Q q 0 0 0 rg BT 189.70 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.87 317.10 Td (Fourth ) Tj ET Q q 0 0 0 rg BT 225.67 317.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 277.84 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.35 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.30 317.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 327.14 317.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 354.27 317.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 403.93 317.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 441.10 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.61 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 478.78 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.73 317.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 525.34 317.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 554.72 317.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (amend ) Tj ET Q q 0 0 0 rg BT 78.80 305.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 108.65 305.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 133.52 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.60 305.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.23 305.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 241.40 305.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 284.04 305.10 Td (through ) Tj ET Q q 0 0 0 rg BT 317.79 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.66 305.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 375.85 305.10 Td (term ) Tj ET Q q 0 0 0 rg BT 396.82 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.80 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.66 305.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 446.42 305.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 473.48 305.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 520.55 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.98 305.10 Td (order ) Tj ET Q q 0 0 0 rg BT 554.72 305.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.74 293.10 Td (more ) Tj ET Q q 0 0 0 rg BT 105.97 293.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 148.10 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.57 293.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 200.69 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.60 293.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 241.05 293.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 279.83 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 292.52 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 308.54 293.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 342.61 293.10 Td (including ) Tj ET Q q 0 0 0 rg BT 383.07 293.10 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 431.31 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.21 293.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 499.45 293.10 Td (total ) Tj ET Q q 0 0 0 rg BT 519.91 293.10 Td (net ) Tj ET Q q 0 0 0 rg BT 534.82 293.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.72 293.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 96.19 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.98 281.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 187.31 281.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 230.11 281.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.92 281.10 Td (were ) Tj ET Q q 0 0 0 rg BT 270.15 281.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 312.95 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.54 281.10 Td (go ) Tj ET Q q 0 0 0 rg BT 336.35 281.10 Td (into ) Tj ET Q q 0 0 0 rg BT 354.71 281.10 Td (ef) Tj ET Q q 0 0 0 rg BT 362.30 281.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 380.10 281.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 412.90 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.49 281.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 448.80 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.61 281.10 Td (In ) Tj ET Q q 0 0 0 rg BT 462.75 281.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 500.84 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.86 281.10 Td (amendment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.87 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.70 269.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 148.40 269.10 Td (mar) Tj ET Q q 0 0 0 rg BT 163.77 269.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 179.16 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.86 269.10 Td (ABR ) Tj ET Q q 0 0 0 rg BT 216.04 269.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 243.09 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.14 269.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 292.76 269.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 319.81 269.10 Td (by ) Tj ET Q q 0 0 0 rg BT 332.43 269.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 345.04 269.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 367.66 269.10 Td (points, ) Tj ET Q q 0 0 0 rg BT 397.22 269.10 Td (such ) Tj ET Q q 0 0 0 rg BT 418.16 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.77 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.60 269.10 Td (mar) Tj ET Q q 0 0 0 rg BT 465.97 269.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 481.36 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 495.06 269.10 Td (ABR ) Tj ET Q q 0 0 0 rg BT 518.24 269.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 545.29 269.10 Td (now ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 77.86 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 99.55 257.10 Td (1.5% ) Tj ET Q q 0 0 0 rg BT 122.64 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.68 257.10 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 155.77 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 170.79 257.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 200.27 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.97 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.44 257.10 Td (mar) Tj ET Q q 0 0 0 rg BT 246.81 257.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 261.84 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.76 257.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 308.02 257.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 334.72 257.10 Td (now ) Tj ET Q q 0 0 0 rg BT 354.20 257.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 382.55 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.25 257.10 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 427.34 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.38 257.10 Td (3.5% ) Tj ET Q q 0 0 0 rg BT 460.46 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 475.49 257.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 507.47 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.72 257.10 Td (In ) Tj ET Q q 0 0 0 rg BT 520.31 257.10 Td (November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 75.09 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.83 245.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 122.35 245.10 Td (into ) Tj ET Q q 0 0 0 rg BT 140.99 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.52 245.10 Td (Fifth ) Tj ET Q q 0 0 0 rg BT 170.37 245.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 222.89 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.76 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.06 245.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 273.26 245.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 300.66 245.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 350.67 245.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 388.19 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.06 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 426.59 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 245.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 473.85 245.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 503.59 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.45 245.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 550.29 245.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.79 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.42 233.10 Td (junior ) Tj ET Q q 0 0 0 rg BT 118.60 233.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 135.90 233.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 156.24 233.10 Td (second ) Tj ET Q q 0 0 0 rg BT 186.31 233.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 203.60 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.23 233.10 Td (third ) Tj ET Q q 0 0 0 rg BT 235.41 233.10 Td (lien\) ) Tj ET Q q 0 0 0 rg BT 256.03 233.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 275.55 233.10 Td (we ) Tj ET Q q 0 0 0 rg BT 289.50 233.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 312.35 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 334.08 233.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 353.88 233.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 382.29 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.37 233.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 412.17 233.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 440.58 233.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 489.54 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.61 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.13 233.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 555.29 233.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (any ) Tj ET Q q 0 0 0 rg BT 65.76 221.10 Td (one ) Tj ET Q q 0 0 0 rg BT 82.03 221.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 104.13 221.10 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 149.27 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.43 221.10 Td (December ) Tj ET Q q 0 0 0 rg BT 207.34 221.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 229.16 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.43 221.10 Td (January ) Tj ET Q q 0 0 0 rg BT 278.35 221.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 300.18 221.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 319.22 221.10 Td (exchanges. ) Tj ET Q q 0 0 0 rg BT 365.19 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.62 221.10 Td (After ) Tj ET Q q 0 0 0 rg BT 389.54 221.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 416.36 221.10 Td (these ) Tj ET Q q 0 0 0 rg BT 438.74 221.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 482.21 221.10 Td (into ) Tj ET Q q 0 0 0 rg BT 499.59 221.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 535.01 221.10 Td ($129.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.82 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.57 209.10 Td (junior ) Tj ET Q q 0 0 0 rg BT 117.88 209.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 135.30 209.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 154.94 209.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 190.68 209.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 204.76 209.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 237.17 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.37 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.01 209.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 285.55 209.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 312.43 209.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 362.61 209.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 396.69 209.10 Td (available ) Tj ET Q q 0 0 0 rg BT 435.20 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.41 209.10 Td (us ) Tj ET Q q 0 0 0 rg BT 456.72 209.10 Td (under ) Tj ET Q q 0 0 0 rg BT 481.91 209.10 Td (this ) Tj ET Q q 0 0 0 rg BT 498.79 209.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 537.30 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.51 209.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 173.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 109.19 173.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 136.15 173.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 183.09 173.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 218.94 173.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 248.66 173.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.16 173.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 339.20 173.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 381.70 173.10 Td (through ) Tj ET Q q 0 0 0 rg BT 415.33 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.06 173.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 466.46 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.31 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.05 173.10 Td (facility) Tj ET Q q 0 0 0 rg BT 519.72 173.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.74 173.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 161.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 137.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.40 137.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 147.17 137.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 173.84 137.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 206.61 137.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 226.06 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.07 137.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 288.84 137.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 334.96 137.10 Td (covenant, ) Tj ET Q q 0 0 0 rg BT 375.78 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.79 137.10 Td (such ) Tj ET Q q 0 0 0 rg BT 416.35 137.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 436.91 137.10 Td (not ) Tj ET Q q 0 0 0 rg BT 451.92 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.93 137.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 491.92 137.10 Td (3.0 ) Tj ET Q q 0 0 0 rg BT 506.65 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.66 137.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 531.39 137.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.19 125.10 Td (first ) Tj ET Q q 0 0 0 rg BT 118.77 125.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 149.56 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.37 125.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 185.34 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.26 125.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 243.03 125.10 Td (not ) Tj ET Q q 0 0 0 rg BT 258.29 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.54 125.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 298.77 125.10 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 313.74 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.99 125.10 Td (1.0. ) Tj ET Q q 0 0 0 rg BT 341.47 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.94 125.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 381.62 125.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.59 125.10 Td (only ) Tj ET Q q 0 0 0 rg BT 406.85 125.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 426.54 125.10 Td (under ) Tj ET Q q 0 0 0 rg BT 451.78 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 467.59 125.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 491.17 125.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 518.09 125.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 94.67 113.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 140.49 113.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.53 113.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 220.47 113.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 253.50 113.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 273.22 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.38 113.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 325.43 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.26 113.10 Td (this ) Tj ET Q q 0 0 0 rg BT 353.21 113.10 Td (ratio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 101.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.67 101.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 136.06 101.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 176.88 101.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 197.71 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.54 101.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 261.58 101.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 307.96 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.24 101.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 371.28 101.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.21 101.10 Td (char) Tj ET Q q 0 0 0 rg BT 420.24 101.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 436.07 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.90 101.10 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 466.90 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.18 101.10 Td (1.0; ) Tj ET Q q 0 0 0 rg BT 494.96 101.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 89.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 89.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.67 89.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 145.48 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.76 89.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 193.25 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.19 89.10 Td (current ) Tj ET Q q 0 0 0 rg BT 231.00 89.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 251.83 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.66 89.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 277.66 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.94 89.10 Td (1.0.) 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 67.50 713.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.95 713.10 Td (these ) Tj ET Q q 0 0 0 rg BT 117.96 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.40 713.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 208.38 713.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 246.93 713.10 Td (calculations, ) Tj ET Q q 0 0 0 rg BT 299.65 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 310.44 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.23 713.10 Td (December ) Tj ET Q q 0 0 0 rg BT 364.78 713.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 379.74 713.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 404.70 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.49 713.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 441.27 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.06 713.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 505.06 713.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 531.96 713.10 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.34 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.74 701.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 132.90 701.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 179.41 701.10 Td (was ) Tj ET Q q 0 0 0 rg BT 197.58 701.10 Td (1.12 ) Tj ET Q q 0 0 0 rg BT 217.70 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.10 701.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 243.23 701.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 271.95 701.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.57 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.63 701.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 344.80 701.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 385.75 701.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 406.69 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.64 701.10 Td (3.0 ) Tj ET Q q 0 0 0 rg BT 432.77 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.17 701.10 Td (1.0\), ) Tj ET Q q 0 0 0 rg BT 464.12 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.07 701.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 501.02 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 701.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 95.23 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.85 689.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.24 689.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.52 689.10 Td (char) Tj ET Q q 0 0 0 rg BT 205.55 689.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 220.73 689.10 Td (was ) Tj ET Q q 0 0 0 rg BT 238.13 689.10 Td (2.40 ) Tj ET Q q 0 0 0 rg BT 257.47 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.10 689.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 281.45 689.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 309.39 689.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 331.24 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.53 689.10 Td (required ) Tj ET Q q 0 0 0 rg BT 372.69 689.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 392.86 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.04 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 417.66 689.10 Td (less ) Tj ET Q q 0 0 0 rg BT 434.51 689.10 Td (than ) Tj ET Q q 0 0 0 rg BT 453.57 689.10 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 472.92 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.55 689.10 Td (1.0\), ) Tj ET Q q 0 0 0 rg BT 502.72 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.01 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.19 689.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 71.18 677.10 Td (was ) Tj ET Q q 0 0 0 rg BT 90.10 677.10 Td (2.82 ) Tj ET Q q 0 0 0 rg BT 110.96 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.09 677.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 137.95 677.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 167.41 677.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 190.77 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.57 677.10 Td (required ) Tj ET Q q 0 0 0 rg BT 235.24 677.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 256.93 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.62 677.10 Td (not ) Tj ET Q q 0 0 0 rg BT 284.75 677.10 Td (less ) Tj ET Q q 0 0 0 rg BT 303.11 677.10 Td (than ) Tj ET Q q 0 0 0 rg BT 323.69 677.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 339.55 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.69 677.10 Td (1.0\). ) Tj ET Q q 0 0 0 rg BT 372.38 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.74 677.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 403.53 677.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 426.89 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.58 677.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 483.04 677.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 527.48 677.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 554.16 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.39 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.39 665.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 137.45 665.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 167.79 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.13 665.10 Td (place ) Tj ET Q q 0 0 0 rg BT 201.79 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.68 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.57 665.10 Td (February ) Tj ET Q q 0 0 0 rg BT 262.23 665.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 277.30 665.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 302.36 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.36 665.10 Td (current ) Tj ET Q q 0 0 0 rg BT 350.24 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 363.36 665.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 411.48 665.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 441.81 665.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 470.75 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 484.97 665.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 523.63 665.10 Td (anticipate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 94.77 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.05 653.10 Td (be ) Tj ET Q q 0 0 0 rg BT 116.99 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.27 653.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 175.86 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.14 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.97 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.45 653.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.47 653.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 344.95 653.10 Td (during ) Tj ET Q q 0 0 0 rg BT 373.56 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.28 653.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 436.30 653.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.33 629.10 Td (above ) Tj ET Q q 0 0 0 rg BT 111.50 629.10 Td (description ) Tj ET Q q 0 0 0 rg BT 158.22 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.45 629.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 207.85 629.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 234.62 629.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 281.33 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 290.29 629.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 328.12 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 340.40 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.91 629.10 Td (express ) Tj ET Q q 0 0 0 rg BT 387.19 629.10 Td (language ) Tj ET Q q 0 0 0 rg BT 425.57 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.29 629.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 474.56 629.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 499.07 629.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 540.22 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 629.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 72.66 617.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 99.25 617.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 145.73 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.22 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.48 617.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 229.08 617.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 261.39 617.10 Td (each ) Tj ET Q q 0 0 0 rg BT 281.76 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.14 617.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.63 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.89 617.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 353.26 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.64 617.10 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 397.36 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.19 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.57 617.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 457.38 617.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 487.20 617.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 507.58 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.41 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.67 617.10 Td (SEC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 100.34 593.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 124.31 593.10 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 171.36 593.10 Td (T) Tj ET Q q 0 0 0 rg BT 177.29 593.10 Td (ransactions. ) Tj ET Q q 0 0 0 rg BT 232.10 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.51 593.10 Td (During ) Tj ET Q q 0 0 0 rg BT 267.25 593.10 Td (December ) Tj ET Q q 0 0 0 rg BT 311.75 593.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 335.16 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.02 593.10 Td (January ) Tj ET Q q 0 0 0 rg BT 387.53 593.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 413.44 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 428.51 593.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 473.58 593.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 514.74 593.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.82 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.91 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.67 581.10 Td (net ) Tj ET Q q 0 0 0 rg BT 122.21 581.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 142.75 581.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 183.83 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.48 581.10 Td ($184.4 ) Tj ET Q q 0 0 0 rg BT 226.30 581.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 261.01 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.33 581.10 Td (During ) Tj ET Q q 0 0 0 rg BT 295.98 581.10 Td (December ) Tj ET Q q 0 0 0 rg BT 340.39 581.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 366.21 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.31 581.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 416.17 581.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 461.14 581.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 514.72 581.10 Td (institutional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 81.70 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.80 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.89 569.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 163.31 569.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 183.30 569.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 228.82 569.10 Td ($364.0 ) Tj ET Q q 0 0 0 rg BT 259.08 569.10 Td (million ) Tj ET Q q 0 0 0 rg BT 290.74 569.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 332.36 569.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 370.67 569.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 403.43 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.53 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.62 569.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 454.22 569.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 483.09 569.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 539.18 569.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (due ) Tj ET Q q 0 0 0 rg BT 65.99 557.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 88.05 557.10 Td (\(2022 ) Tj ET Q q 0 0 0 rg BT 117.87 557.10 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 151.03 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.52 557.10 Td ($245.8 ) Tj ET Q q 0 0 0 rg BT 197.08 557.10 Td (million ) Tj ET Q q 0 0 0 rg BT 228.03 557.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 268.94 557.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 306.54 557.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 338.59 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.98 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.36 557.10 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 369.36 554.94 cm /I22 Do Q q 0 0 0 rg BT 376.86 557.10 Td (% ) Tj ET Q q 0 0 0 rg BT 387.25 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 415.41 557.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 470.79 557.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 496.18 557.10 Td (due ) Tj ET Q q 0 0 0 rg BT 512.67 557.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 534.73 557.10 Td (\(2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 83.10 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 97.27 545.10 Td ($381.6 ) Tj ET Q q 0 0 0 rg BT 127.27 545.10 Td (million ) Tj ET Q q 0 0 0 rg BT 158.67 545.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 200.04 545.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 238.08 545.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.58 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.42 545.10 Td (new ) Tj ET Q q 0 0 0 rg BT 300.58 545.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 323.09 545.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 351.70 545.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 386.41 545.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 412.25 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.19 545.10 Td ($84.7 ) Tj ET Q q 0 0 0 rg BT 454.20 545.10 Td (million ) Tj ET Q q 0 0 0 rg BT 485.59 545.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 526.96 545.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.46 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.75 533.10 Td (new ) Tj ET Q q 0 0 0 rg BT 110.37 533.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 132.33 533.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 181.50 533.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 209.57 533.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 237.36 533.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 274.31 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.05 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.45 533.10 Td (net ) Tj ET Q q 0 0 0 rg BT 304.63 533.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 344.35 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.64 533.10 Td ($143.6 ) Tj ET Q q 0 0 0 rg BT 384.10 533.10 Td (million ) Tj ET Q q 0 0 0 rg BT 414.96 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.70 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 439.99 533.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 459.16 533.10 Td (principal. ) Tj ET Q q 0 0 0 rg BT 499.17 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.13 533.10 Td (During ) Tj ET Q q 0 0 0 rg BT 531.42 533.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 73.92 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 87.50 521.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 114.97 521.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 156.88 521.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.57 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.27 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 242.63 521.10 Td ($1) Tj ET Q q 0 0 0 rg BT 252.26 521.10 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 266.68 521.10 Td (million ) Tj ET Q q 0 0 0 rg BT 297.49 521.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 338.27 521.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 375.74 521.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 407.65 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.91 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.16 521.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 438.16 518.94 cm /I23 Do Q q 0 0 0 rg BT 445.66 521.10 Td (% ) Tj ET Q q 0 0 0 rg BT 455.91 521.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 483.94 521.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 539.19 521.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.38 509.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 88.82 509.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 106.81 509.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 133.70 509.10 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 169.74 509.10 Td ($94.2 ) Tj ET Q q 0 0 0 rg BT 194.68 509.10 Td (million ) Tj ET Q q 0 0 0 rg BT 226.01 509.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 267.32 509.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 305.30 509.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 337.74 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.52 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.29 509.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 386.73 509.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 412.50 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.39 509.10 Td ($68.5 ) Tj ET Q q 0 0 0 rg BT 454.33 509.10 Td (million ) Tj ET Q q 0 0 0 rg BT 485.66 509.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 526.97 509.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.68 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.19 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.70 497.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 129.89 497.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 155.40 497.10 Td (were ) Tj ET Q q 0 0 0 rg BT 177.01 497.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 221.95 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.79 497.10 Td ($74.1 ) Tj ET Q q 0 0 0 rg BT 260.47 497.10 Td (million ) Tj ET Q q 0 0 0 rg BT 291.55 497.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 332.59 497.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 370.32 497.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 402.49 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.01 497.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 435.19 497.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 463.48 497.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 497.87 497.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 523.38 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.00 497.10 Td ($59.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.39 485.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 123.25 485.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 161.79 485.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 194.79 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.12 485.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 229.12 485.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 279.33 485.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 308.44 485.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 337.27 485.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 375.26 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.04 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.48 485.10 Td (net ) Tj ET Q q 0 0 0 rg BT 408.69 485.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 449.46 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.79 485.10 Td ($40.8 ) Tj ET Q q 0 0 0 rg BT 486.29 485.10 Td (million ) Tj ET Q q 0 0 0 rg BT 518.18 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.96 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.28 485.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.43 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.15 473.10 Td (an ) Tj ET Q q 0 0 0 rg BT 109.98 473.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 151.23 473.10 Td ($184.4 ) Tj ET Q q 0 0 0 rg BT 181.12 473.10 Td (million ) Tj ET Q q 0 0 0 rg BT 212.40 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 232.01 473.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 269.94 473.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 310.09 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.26 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.86 473.10 Td (two ) Tj ET Q q 0 0 0 rg BT 352.25 473.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 369.64 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.36 473.10 Td (exchanges. ) Tj ET Q q 0 0 0 rg BT 426.90 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.11 473.10 Td (This ) Tj ET Q q 0 0 0 rg BT 449.28 473.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 490.53 473.10 Td (net ) Tj ET Q q 0 0 0 rg BT 505.14 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.74 473.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.91 461.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 110.87 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.84 461.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 182.80 461.10 Td ($269 ) Tj ET Q q 0 0 0 rg BT 205.99 461.10 Td (million ) Tj ET Q q 0 0 0 rg BT 238.08 461.10 Td (if ) Tj ET Q q 0 0 0 rg BT 247.39 461.10 Td (all ) Tj ET Q q 0 0 0 rg BT 260.58 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.11 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.52 461.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 310.72 461.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 361.13 461.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 390.43 461.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 416.96 461.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 450.14 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.12 461.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.20 461.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 461.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 79.05 449.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 102.50 449.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 139.82 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.60 449.10 Td (up ) Tj ET Q q 0 0 0 rg BT 165.05 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.28 449.10 Td (38,563,154 ) Tj ET Q q 0 0 0 rg BT 224.73 449.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 253.17 449.10 Td (at ) Tj ET Q q 0 0 0 rg BT 263.84 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.50 449.10 Td (current ) Tj ET Q q 0 0 0 rg BT 311.27 449.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 358.60 449.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 377.03 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.14 449.10 Td (such ) Tj ET Q q 0 0 0 rg BT 413.92 449.10 Td (notes\), ) Tj ET Q q 0 0 0 rg BT 444.31 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.20 449.10 Td (could ) Tj ET Q q 0 0 0 rg BT 487.86 449.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 524.07 449.10 Td (further ) Tj ET Q q 0 0 0 rg BT 554.72 449.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.05 437.10 Td ($329 ) Tj ET Q q 0 0 0 rg BT 132.85 437.10 Td (million ) Tj ET Q q 0 0 0 rg BT 164.54 437.10 Td (if ) Tj ET Q q 0 0 0 rg BT 173.44 437.10 Td (all ) Tj ET Q q 0 0 0 rg BT 186.23 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.36 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.37 437.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 235.16 437.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 285.17 437.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.08 437.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 340.20 437.10 Td (also ) Tj ET Q q 0 0 0 rg BT 359.10 437.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 391.89 437.10 Td (into ) Tj ET Q q 0 0 0 rg BT 410.24 437.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 451.92 437.10 Td (common ) Tj ET Q q 0 0 0 rg BT 489.71 437.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 513.61 437.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 542.51 437.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 85.88 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.71 425.10 Td (up ) Tj ET Q q 0 0 0 rg BT 109.21 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.49 425.10 Td (16,743,372 ) Tj ET Q q 0 0 0 rg BT 166.99 425.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 194.48 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 204.19 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.91 425.10 Td (current ) Tj ET Q q 0 0 0 rg BT 249.72 425.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 296.10 425.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 313.59 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.75 425.10 Td (such ) Tj ET Q q 0 0 0 rg BT 348.58 425.10 Td (notes\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 401.10 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.50 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.44 401.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 125.05 401.10 Td (Spending. ) Tj ET Q q 0 0 0 rg BT 170.52 401.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.46 401.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.10 401.10 Td (e ) Tj ET Q q 0 0 0 rg BT 189.48 401.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 228.51 401.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 270.32 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.25 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.52 401.10 Td (full-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.89 401.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.89 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.83 401.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.42 401.10 Td (budget, ) Tj ET Q q 0 0 0 rg BT 427.08 401.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 469.45 401.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 515.70 401.10 Td (interest ) 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 (acquisitions, ) Tj ET Q q 0 0 0 rg BT 102.72 389.10 Td (will ) Tj ET Q q 0 0 0 rg BT 121.23 389.10 Td (be ) Tj ET Q q 0 0 0 rg BT 133.62 389.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 194.33 389.10 Td ($300 ) Tj ET Q q 0 0 0 rg BT 217.28 389.10 Td (million ) Tj ET Q q 0 0 0 rg BT 249.12 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.85 389.10 Td ($325 ) Tj ET Q q 0 0 0 rg BT 282.80 389.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 317.15 389.10 Td (roughly ) Tj ET Q q 0 0 0 rg BT 351.20 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 358.59 389.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 379.87 389.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.58 389.10 Td (over ) Tj ET Q q 0 0 0 rg BT 436.30 389.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 459.25 389.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 488.85 389.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 527.91 389.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 554.18 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td ($240.8 ) Tj ET Q q 0 0 0 rg BT 80.52 377.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.41 377.10 Td (. ) Tj ET Q q 0 0 0 rg BT 115.43 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.95 377.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 168.01 377.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 200.96 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 211.16 377.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 250.77 377.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 292.61 377.10 Td (at ) Tj ET Q q 0 0 0 rg BT 303.35 377.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 364.63 377.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 383.15 377.10 Td (million ) Tj ET Q q 0 0 0 rg BT 415.56 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.74 377.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 456.76 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.03 377.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.09 377.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.09 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.61 377.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 532.79 377.10 Td (budget, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 91.43 365.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 137.24 365.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 169.17 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.11 365.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 238.88 365.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 275.82 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.98 365.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 342.46 365.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 381.07 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 391.90 365.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 341.10 Td ($155 ) Tj ET Q q 0 0 0 rg BT 108.00 341.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.89 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.39 341.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 177.98 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.14 341.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 223.51 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 236.57 341.10 Td (field ) Tj ET Q q 0 0 0 rg BT 257.39 341.10 Td (expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 329.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 329.10 Td ($95 ) Tj ET Q q 0 0 0 rg BT 103.00 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.39 329.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 172.98 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.14 329.10 Td (other ) Tj ET Q q 0 0 0 rg BT 210.19 329.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 235.72 329.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 275.44 329.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 325.14 329.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 338.20 329.10 Td (field ) Tj ET Q q 0 0 0 rg BT 359.02 329.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 412.61 329.10 Td (including ) Tj ET Q q 0 0 0 rg BT 452.89 329.10 Td (exploitation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 317.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 103.00 317.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.39 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.67 317.10 Td (be ) Tj ET Q q 0 0 0 rg BT 156.61 317.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 180.22 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.72 317.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.61 315.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.86 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.36 317.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 244.85 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.79 317.10 Td (pipelines; ) Tj ET Q q 0 0 0 rg BT 303.17 317.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 305.10 Td ($45 ) Tj ET Q q 0 0 0 rg BT 103.22 305.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.11 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.83 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.22 305.10 Td (other ) Tj ET Q q 0 0 0 rg BT 172.48 305.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 201.85 305.10 Td (items ) Tj ET Q q 0 0 0 rg BT 226.24 305.10 Td (such ) Tj ET Q q 0 0 0 rg BT 247.29 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.34 305.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 304.37 305.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 337.63 305.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 386.74 305.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 435.00 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.16 305.10 Td (development ) Tj ET Q q 0 0 0 rg BT 506.53 305.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.25 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.41 305.10 Td (pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 293.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.33 293.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 162.70 293.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 192.41 293.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.56 269.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 117.18 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.13 269.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 171.85 269.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 215.56 269.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 241.50 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.46 269.10 Td (production ) Tj ET Q q 0 0 0 rg BT 298.40 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.46 269.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 340.59 269.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 388.76 269.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 419.15 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.55 269.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 455.77 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.83 269.10 Td (current ) Tj ET Q q 0 0 0 rg BT 503.76 269.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 516.94 269.10 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 79.36 257.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 107.83 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.59 257.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 148.68 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.55 257.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 178.98 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.40 257.10 Td (development ) Tj ET Q q 0 0 0 rg BT 248.15 257.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 276.89 257.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 315.10 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 334.97 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 354.83 257.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 375.26 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 396.79 257.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 443.04 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 462.91 257.10 Td (any ) Tj ET Q q 0 0 0 rg BT 479.45 257.10 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 514.87 257.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 544.73 257.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 100.63 245.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 150.11 245.10 Td (under ) Tj ET Q q 0 0 0 rg BT 176.82 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.08 245.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 219.12 245.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 247.18 245.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 298.04 245.10 Td (under ) Tj ET Q q 0 0 0 rg BT 324.74 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 353.11 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.37 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.63 245.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 437.65 245.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 464.08 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 479.67 245.10 Td (had ) Tj ET Q q 0 0 0 rg BT 498.05 245.10 Td (ample ) Tj ET Q q 0 0 0 rg BT 526.41 245.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 93.78 233.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 129.71 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.11 233.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 164.93 233.10 Td (any ) Tj ET Q q 0 0 0 rg BT 181.99 233.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 230.13 233.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.52 233.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 271.47 233.10 Td (shortfall. ) Tj ET Q q 0 0 0 rg BT 309.92 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.54 233.10 Td (If ) Tj ET Q q 0 0 0 rg BT 321.82 233.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 348.31 233.10 Td (were ) Tj ET Q q 0 0 0 rg BT 370.36 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.76 233.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 417.79 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.74 233.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 463.57 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.97 233.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 514.35 233.10 Td (results ) Tj ET Q q 0 0 0 rg BT 543.08 233.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.91 221.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 84.74 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.81 221.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 132.21 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.61 221.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 189.11 221.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 211.74 221.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 232.14 221.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 256.99 221.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 309.61 221.10 Td (below ) Tj ET Q q 0 0 0 rg BT 336.68 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 352.63 221.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 391.36 221.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 435.07 221.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.46 221.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 495.86 221.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 523.21 221.10 Td (we ) Tj ET Q q 0 0 0 rg BT 537.50 221.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 74.88 209.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 104.13 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 120.06 209.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 149.32 209.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 205.51 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.12 209.10 Td (If ) Tj ET Q q 0 0 0 rg BT 217.38 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.65 209.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 260.90 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.83 209.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 306.08 209.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 344.80 209.10 Td (due ) Tj ET Q q 0 0 0 rg BT 361.84 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.22 209.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 397.59 209.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.97 209.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 445.29 209.10 Td (any ) Tj ET Q q 0 0 0 rg BT 462.33 209.10 Td (sizeable ) Tj ET Q q 0 0 0 rg BT 497.14 209.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 537.51 209.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 74.77 197.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 100.04 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.87 197.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 162.24 197.10 Td (production ) Tj ET Q q 0 0 0 rg BT 208.06 197.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 233.89 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.17 197.10 Td (future ) Tj ET Q q 0 0 0 rg BT 270.54 197.10 Td (years.) 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 (Capital ) Tj ET Q q 0 0 0 rg BT 101.92 713.25 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 150.64 713.25 Td (e ) Tj ET Q q 0 0 0 rg BT 157.83 713.25 Td (Summary) Tj ET Q q 0 0 0 rg BT 199.50 713.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 713.25 Td () Tj ET Q q 0 0 0 rg BT 206.82 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 225.12 713.25 Td (following ) Tj ET Q q 0 0 0 rg BT 266.75 713.25 Td (table ) Tj ET Q q 0 0 0 rg BT 288.94 713.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 321.11 713.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 357.18 713.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.58 713.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 440.42 713.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 484.28 713.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 518.11 713.25 Td (capital\) ) Tj ET Q q 0 0 0 rg BT 550.84 713.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 701.25 Td (years ) Tj ET Q q 0 0 0 rg BT 87.82 701.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 114.19 701.25 Td (December ) Tj ET Q q 0 0 0 rg BT 157.78 701.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.78 701.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.78 701.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.78 701.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.78 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.28 701.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.21 701.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 701.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 660.75 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 660.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 660.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 660.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 660.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 630.75 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 630.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 630.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 630.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 630.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 600.75 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 600.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 600.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 600.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 600.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 570.75 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 570.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 570.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 570.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 540.75 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 540.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 540.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 540.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 510.75 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 510.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 510.75 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 510.75 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 366 675.75 m 429 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 660.75 m 362 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 675.75 m 429 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 660.75 m 429 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 675.75 m 496 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 660.75 m 496 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 675.75 m 563 675.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 660.75 m 563 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 600.75 m 429 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 600.75 m 496 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 600.75 m 563 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 570.75 m 429 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 570.75 m 496 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 570.75 m 563 570.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 540.75 m 429 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 540.75 m 496 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 540.75 m 563 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 510.75 m 429 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 510.75 m 496 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 510.75 m 563 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 496.75 m 429 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 494.75 m 429 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 496.75 m 496 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 494.75 m 496 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 496.75 m 563 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 494.75 m 563 494.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.45 680.42 Td (Y) Tj ET Q q 0 0 0 rg BT 418.17 680.42 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 665.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 665.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 665.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 665.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 650.42 Td (Capital expenditures by project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 650.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 650.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 650.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 635.42 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 635.42 Td (ertiary oil fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 635.42 Td (129,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 635.42 Td (1) Tj ET Q q 0 0 0 rg BT 464.65 635.42 Td (19,1) Tj ET Q q 0 0 0 rg BT 482.15 635.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 635.42 Td (199,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 620.42 Td (Non-tertiary fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 620.42 Td (53,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 620.42 Td (31,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 620.42 Td (101,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 605.42 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 168.08 609.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 605.42 Td (52,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 605.42 Td (56,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 605.42 Td (66,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 590.42 Td (Oil and natural gas capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 590.42 Td (235,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 590.42 Td (206,41) Tj ET Q q 0 0 0 rg BT 487.15 590.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 590.42 Td (367,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 575.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.39 573.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.64 575.42 Td ( pipelines, sources and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 575.42 Td (5,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 575.42 Td (2,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 575.42 Td (39,264) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 561.48 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 157.16 561.48 Td (es, befor) Tj ET Q q 0 0 0 rg BT 193.08 561.48 Td (e acquisitions and capitalized inter) Tj ET Q q 0 0 0 rg BT 340.68 561.48 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 560.42 Td (240,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 560.42 Td (208,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 560.42 Td (407,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 545.42 Td (Acquisitions of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 545.42 Td (88,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 545.42 Td (1) Tj ET Q q 0 0 0 rg BT 469.65 545.42 Td (1,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 545.42 Td (25,765) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 530.43 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 145.25 530.43 Td (es, befor) Tj ET Q q 0 0 0 rg BT 181.17 530.43 Td (e capitalized inter) Tj ET Q q 0 0 0 rg BT 257.08 530.43 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 530.42 Td (329,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 530.42 Td (220,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 530.42 Td (432,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.42 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 515.42 Td (30,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 515.42 Td (25,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 515.42 Td (32,146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 500.43 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 145.16 500.43 Td (es, total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 500.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 500.42 Td (360,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 500.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 500.42 Td (246,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 500.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 500.42 Td (465,073) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 472.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.88 472.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 149.68 472.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 182.72 472.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 231.61 472.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 279.65 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.59 472.25 Td (development ) Tj ET Q q 0 0 0 rg BT 350.74 472.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 373.24 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.18 472.25 Td (pre-production ) Tj ET Q q 0 0 0 rg BT 452.10 472.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 483.47 472.25 Td (startup ) Tj ET Q q 0 0 0 rg BT 513.19 472.25 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 448.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.79 448.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.79 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.53 448.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 129.04 448.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 154.00 448.25 Td (from ) Tj ET Q q 0 0 0 rg BT 176.17 448.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 220.57 448.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.63 448.25 Td ($267.1 ) Tj ET Q q 0 0 0 rg BT 261.87 448.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.76 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.50 448.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 333.43 448.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 356.17 448.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 385.56 448.25 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 441.89 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 444.03 448.25 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 497.32 448.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.39 448.25 Td ($88.8 ) Tj ET Q q 0 0 0 rg BT 533.63 448.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (constituted ) Tj ET Q q 0 0 0 rg BT 95.88 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.60 436.25 Td (single ) Tj ET Q q 0 0 0 rg BT 136.99 436.25 Td (lar) Tj ET Q q 0 0 0 rg BT 147.35 436.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 165.96 436.25 Td (use ) Tj ET Q q 0 0 0 rg BT 181.79 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.62 436.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 235.11 436.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 259.83 436.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 297.88 436.25 Td (by ) Tj ET Q q 0 0 0 rg BT 310.38 436.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 358.43 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 370.93 436.25 Td (our ) Tj ET Q q 0 0 0 rg BT 386.76 436.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 410.37 436.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 437.31 436.25 Td (Agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 412.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 130.54 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.17 412.25 Td (Obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.62 412.25 Td (. ) Tj ET Q q 0 0 0 rg BT 203.62 412.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.12 412.25 Td (A) Tj ET Q q 0 0 0 rg BT 212.79 412.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.29 412.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 255.01 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.84 412.25 Td (our ) Tj ET Q q 0 0 0 rg BT 281.67 412.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 328.61 412.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.33 412.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 396.91 412.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.91 412.25 Td (, ) Tj ET Q q 0 0 0 rg BT 421.91 412.25 Td (is ) Tj ET Q q 0 0 0 rg BT 431.08 412.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 471.90 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.18 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.89 412.25 Td (following ) Tj ET Q q 0 0 0 rg BT 538.28 412.25 Td (table:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 375.75 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 375.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 375.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 375.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 375.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 375.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 375.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 375.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 375.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 375.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 375.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 349.75 132.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 349.75 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 349.75 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 349.75 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 349.75 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 349.75 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 349.75 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 349.75 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 349.75 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 349.75 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 349.75 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 293.75 132.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 293.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 293.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 293.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 293.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 293.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 293.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 293.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 293.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 293.75 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 293.75 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 254.75 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 254.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 254.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 254.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 254.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 254.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 254.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 254.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 254.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 254.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 254.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 212.75 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 212.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 212.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 212.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 212.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 212.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 212.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 212.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 212.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 212.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 212.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 186.75 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 186.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 186.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 186.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 186.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 186.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 186.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 186.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 186.75 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 186.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 186.75 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 185.5 388.75 m 257.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 388.75 m 261.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 388.75 m 333.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 388.75 m 337.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 388.75 m 409.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 388.75 m 413.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 388.75 m 485.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 388.75 m 489.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 388.75 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 49.5 375.75 m 181.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 388.75 m 257.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 375.75 m 257.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 388.75 m 261.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 388.75 m 333.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 375.75 m 333.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 388.75 m 337.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 388.75 m 409.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 375.75 m 409.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 388.75 m 413.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 375.75 m 485.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 375.75 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 185.5 173.75 m 257.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 173.75 m 333.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 173.75 m 409.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 173.75 m 485.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 173.75 m 561.5 173.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 393.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.30 393.00 Td (Payments Due by Period) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 380.00 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.00 380.00 Td (2018) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.20 380.00 Td (2019 and 2020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.20 380.00 Td (2021 and 2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 380.00 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 380.00 Td (T) Tj ET Q q 0 0 0 rg BT 521.13 380.00 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 367.00 Td (Contractual obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 367.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 367.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 367.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 367.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 367.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 354.00 Td (Bank Credit ) Tj ET Q q 0 0 0 rg BT 104.66 354.00 Td (Agreement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 354.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 354.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 354.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 354.00 Td (475,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 354.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 354.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 354.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 354.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 354.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 354.00 Td (475,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 341.00 Td (Estimated interest payments on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 333.00 Td (senior secured bank credit facility) Tj ET Q q 0 0 0 rg BT 172.14 333.00 Td (,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 325.00 Td (senior secured second lien notes,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 317.00 Td (senior notes and subordinated debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 317.00 Td (171,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 317.00 Td (316,929) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 317.00 Td (144,181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 317.00 Td (13,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 317.00 Td (645,407) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 304.70 Td (Senior secured debt \(principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 296.70 Td (balance\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 298.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 298.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 298.00 Td (996,487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 298.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 298.00 Td (996,487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 285.00 Td (Convertible senior debt \(principal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 277.00 Td (balance\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 277.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 277.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 277.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 277.00 Td (84,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 277.00 Td (84,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 264.70 Td (Subordinated debt \(principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 256.75 Td (balance\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 259.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 259.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 259.00 Td (624,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 259.00 Td (376,501) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 259.00 Td (1,000,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 246.70 Td (Operating lease obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 246.00 Td (1) Tj ET Q q 0 0 0 rg BT 236.30 246.00 Td (1,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 246.00 Td (20,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 246.00 Td (20,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 246.00 Td (28,799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 246.00 Td (80,851) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 233.70 Td (Pipeline and capital lease) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 225.70 Td (obligations including interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 217.70 Td (component) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 217.00 Td (43,105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 217.00 Td (68,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 217.00 Td (53,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 217.00 Td (137,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 217.00 Td (302,453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 204.00 Td (Other obligations ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 121.77 207.63 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 204.00 Td (76,287) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 204.00 Td (140,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 204.00 Td (128,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 204.00 Td (1) Tj ET Q q 0 0 0 rg BT 460.30 204.00 Td (16,004) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 204.00 Td (461,967) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 191.00 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 169.98 194.63 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 191.00 Td (99,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 191.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 191.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 191.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 191.00 Td (99,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 178.00 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 156.20 181.63 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.30 178.00 Td (515) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 178.00 Td (7,856) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 178.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 178.00 Td (804,090) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 178.00 Td (812,461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 165.70 Td (T) Tj ET Q q 0 0 0 rg BT 80.33 165.70 Td (otal contractual obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 165.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 165.00 Td (401,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 165.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 165.00 Td (1,029,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 165.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.30 165.00 Td (1,967,662) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 165.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 165.00 Td (1,560,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 165.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 165.00 Td (4,958,864) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 137.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.87 137.25 Td (future ) Tj ET Q q 0 0 0 rg BT 140.24 137.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.50 137.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 217.44 137.25 Td (under ) Tj ET Q q 0 0 0 rg BT 242.70 137.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 281.29 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 291.56 137.25 Td (place ) Tj ET Q q 0 0 0 rg BT 315.15 137.25 Td (as ) Tj ET Q q 0 0 0 rg BT 325.97 137.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.80 137.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 395.38 137.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.38 137.25 Td (, ) Tj ET Q q 0 0 0 rg BT 420.37 137.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 460.08 137.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.23 137.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 512.26 137.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 550.85 137.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.39 123.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.06 125.25 Td (captured ) Tj ET Q q 0 0 0 rg BT 123.90 125.25 Td (from ) Tj ET Q q 0 0 0 rg BT 145.76 125.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 185.95 125.25 Td (sources, ) Tj ET Q q 0 0 0 rg BT 220.86 125.25 Td (drilling ) Tj ET Q q 0 0 0 rg BT 252.72 125.25 Td (rig ) Tj ET Q q 0 0 0 rg BT 266.25 125.25 Td (services ) Tj ET Q q 0 0 0 rg BT 300.87 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.73 125.25 Td (well-related ) Tj ET Q q 0 0 0 rg BT 367.90 125.25 Td (costs.) Tj ET Q q 0 0 0 rg BT 394.85 125.25 Td (As ) Tj ET Q q 0 0 0 rg BT 408.38 125.25 Td (is ) Tj ET Q q 0 0 0 rg BT 417.47 125.25 Td (common ) Tj ET Q q 0 0 0 rg BT 454.88 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.08 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.83 125.25 Td (industry) Tj ET Q q 0 0 0 rg BT 512.95 125.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.87 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 531.95 125.25 Td (commit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.62 113.25 Td (make ) Tj ET Q q 0 0 0 rg BT 105.62 113.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 137.17 113.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 192.60 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.95 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 215.73 113.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 248.39 113.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 272.73 113.25 Td (as ) Tj ET Q q 0 0 0 rg BT 285.41 113.25 Td (part ) Tj ET Q q 0 0 0 rg BT 305.30 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.97 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.65 113.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 372.77 113.25 Td (development ) Tj ET Q q 0 0 0 rg BT 428.76 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.54 113.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 497.43 113.25 Td (program.) 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Tj ET Q q 0 0 0 rg BT 418.65 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 436.98 569.10 Td (present ) Tj ET Q q 0 0 0 rg BT 468.64 569.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.07 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.18 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 569.10 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 557.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 89.22 557.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 132.58 557.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 175.41 557.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.36 557.10 Td ($166.3 ) Tj ET Q q 0 0 0 rg BT 214.14 557.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.03 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.81 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.42 557.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 305.67 557.10 Td (under ) Tj ET Q q 0 0 0 rg BT 330.72 557.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 345.21 557.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 368.60 557.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 388.23 557.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 414.38 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.66 557.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 453.50 557.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 493.00 557.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.22 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.50 557.10 Td (topic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.90 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.19 545.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.79 545.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 183.52 545.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 226.03 545.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 253.54 545.10 Td (Codification ) Tj ET Q q 0 0 0 rg BT 306.60 545.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 319.18 545.10 Td (ASC\), ) Tj ET Q q 0 0 0 rg BT 351.98 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.48 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.22 545.10 Td (further ) Tj ET Q q 0 0 0 rg BT 409.50 545.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 450.90 545.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.75 545.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 484.26 545.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.26 545.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 494.83 545.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 519.01 545.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 538.63 545.10 Td (ement ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.73 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.73 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.00 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.72 533.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 200.00 533.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 239.71 533.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 122.29 509.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 148.06 509.10 Td (Arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.21 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.35 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.25 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.89 509.10 Td (e ) Tj ET Q q 0 0 0 rg BT 234.46 509.10 Td (have ) Tj ET Q q 0 0 0 rg BT 256.47 509.10 Td (several ) Tj ET Q q 0 0 0 rg BT 287.92 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 328.82 509.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 355.83 509.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 389.51 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.42 509.10 Td (of) Tj ET Q q 0 0 0 rg BT 408.57 509.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 426.69 509.10 Td (space ) Tj ET Q q 0 0 0 rg BT 452.03 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.60 509.10 Td (other ) Tj ET Q q 0 0 0 rg BT 493.28 509.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 520.30 509.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (leases.) Tj ET Q q 0 0 0 rg BT 80.33 497.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.39 497.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.54 497.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.54 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.11 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 188.84 497.10 Td (had ) Tj ET Q q 0 0 0 rg BT 205.34 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.85 497.10 Td (total ) Tj ET Q q 0 0 0 rg BT 231.69 497.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.08 497.10 Td ($62.2 ) Tj ET Q q 0 0 0 rg BT 266.65 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.54 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.44 497.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 334.94 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.34 497.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 370.17 497.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 418.90 497.10 Td (under ) Tj ET Q q 0 0 0 rg BT 443.74 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.13 497.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 485.64 497.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 518.24 497.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.75 497.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.17 485.10 Td (.) Tj ET Q q 0 0 0 rg BT 84.12 485.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 134.02 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.41 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.96 485.10 Td (have ) Tj ET Q q 0 0 0 rg BT 178.73 485.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 227.06 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.61 485.10 Td (development ) Tj ET Q q 0 0 0 rg BT 298.15 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.48 485.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 366.46 485.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 421.44 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 440.33 485.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 463.09 485.10 Td (from ) Tj ET Q q 0 0 0 rg BT 486.42 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.64 485.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 535.85 485.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 98.96 473.10 Td (program ) Tj ET Q q 0 0 0 rg BT 135.09 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.67 473.10 Td (from ) Tj ET Q q 0 0 0 rg BT 167.37 473.10 Td (other ) Tj ET Q q 0 0 0 rg BT 190.17 473.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 240.19 473.10 Td (common ) Tj ET Q q 0 0 0 rg BT 277.44 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.47 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.06 473.10 Td (industry) Tj ET Q q 0 0 0 rg BT 335.18 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.94 473.10 Td (none ) Tj ET Q q 0 0 0 rg BT 361.63 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.22 473.10 Td (which ) Tj ET Q q 0 0 0 rg BT 398.91 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 413.37 473.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 450.60 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 462.86 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 478.44 473.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 511.23 473.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 536.53 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.62 473.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.00 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.26 461.10 Td (further ) Tj ET Q q 0 0 0 rg BT 139.53 461.10 Td (described ) Tj ET Q q 0 0 0 rg BT 179.90 461.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 189.74 461.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 246.79 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.85 461.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.08 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.13 461.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 341.57 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.63 461.10 Td (In ) Tj ET Q q 0 0 0 rg BT 354.01 461.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 391.34 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.18 461.10 Td (order ) Tj ET Q q 0 0 0 rg BT 424.33 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.17 461.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 466.20 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.59 461.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 534.74 461.10 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 88.24 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 103.38 449.10 Td (must ) Tj ET Q q 0 0 0 rg BT 126.30 449.10 Td (also ) Tj ET Q q 0 0 0 rg BT 145.89 449.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 167.70 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.39 449.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 227.96 449.10 Td (future ) Tj ET Q q 0 0 0 rg BT 255.32 449.10 Td (development ) Tj ET Q q 0 0 0 rg BT 310.45 449.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 333.92 449.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 375.72 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.98 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 403.79 449.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 435.03 449.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 467.38 449.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 501.13 449.10 Td (which ) Tj ET Q q 0 0 0 rg BT 529.04 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 544.73 449.10 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.70 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.91 437.10 Td (table ) Tj ET Q q 0 0 0 rg BT 135.33 437.10 Td (above ) Tj ET Q q 0 0 0 rg BT 162.20 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.97 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.18 437.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 215.61 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 230.26 437.10 Td (have ) Tj ET Q q 0 0 0 rg BT 252.13 437.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 272.34 437.10 Td (contracts.For ) Tj ET Q q 0 0 0 rg BT 332.81 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.24 437.10 Td (further ) Tj ET Q q 0 0 0 rg BT 370.44 437.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 415.11 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.43 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.75 437.10 Td (future ) Tj ET Q q 0 0 0 rg BT 469.62 437.10 Td (development ) Tj ET Q q 0 0 0 rg BT 524.26 437.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 549.75 437.10 Td (see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 106.43 425.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 121.71 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.21 425.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 172.83 425.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 191.44 425.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 229.96 425.10 Td (es ) Tj ET Q q 0 0 0 rg BT 240.79 425.10 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.67 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.17 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.45 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.17 425.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 372.44 425.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 412.15 425.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 105.62 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.12 401.10 Td (OVER) Tj ET Q q 0 0 0 rg BT 136.66 401.10 Td (VIEW) Tj ET Q q 0 0 0 rg BT 164.26 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.76 401.10 Td (OF) Tj ET Q q 0 0 0 rg BT 180.28 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.60 401.10 Td (TER) Tj ET Q q 0 0 0 rg BT 202.81 401.10 Td (TIAR) Tj ET Q q 0 0 0 rg BT 227.46 401.10 Td (Y) Tj ET Q q 0 0 0 rg BT 234.31 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.81 401.10 Td (OPERA) Tj ET Q q 0 0 0 rg BT 271.07 401.10 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (As ) Tj ET Q q 0 0 0 rg BT 80.48 377.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 120.68 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.32 377.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 150.51 377.10 Td (1, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 159.88 377.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 196.75 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.61 377.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 223.24 377.10 Td (operties ) Tj ET Q q 0 0 0 rg BT 257.33 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.19 377.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 278.84 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.70 377.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 328.69 377.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 346.67 377.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 393.54 377.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 400.40 377.10 Td (Enhanced ) Tj ET Q q 0 0 0 rg BT 442.25 377.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 456.90 377.10 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 495.96 377.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.27 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.14 377.10 Td (above, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.10 365.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 96.24 365.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 140.16 365.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 179.07 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.78 365.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 230.26 365.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 261.41 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.01 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.60 365.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 317.63 365.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.56 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.26 365.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.41 365.10 Td (become ) Tj ET Q q 0 0 0 rg BT 432.77 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.36 365.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 482.29 365.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 518.43 365.10 Td (focus. ) Tj ET Q q 0 0 0 rg BT 544.85 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 365.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (economics ) Tj ET Q q 0 0 0 rg BT 94.49 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.71 353.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 142.81 353.10 Td (field ) Tj ET Q q 0 0 0 rg BT 163.36 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.02 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.46 353.10 Td (related ) Tj ET Q q 0 0 0 rg BT 223.89 353.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 253.33 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.55 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.11 353.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.32 353.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 362.75 353.10 Td (dif) Tj ET Q q 0 0 0 rg BT 373.68 353.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 387.01 353.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.67 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.33 353.10 Td (conventional ) Tj ET Q q 0 0 0 rg BT 469.21 353.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 481.99 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.66 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 514.21 353.10 Td (play ) Tj ET Q q 0 0 0 rg BT 533.65 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.32 353.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (explained ) Tj ET Q q 0 0 0 rg BT 90.87 341.10 Td (further ) Tj ET Q q 0 0 0 rg BT 120.58 341.10 Td (below) Tj ET Q q 0 0 0 rg BT 144.37 341.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.10 Td (While ) Tj ET Q q 0 0 0 rg BT 94.68 317.10 Td (it ) Tj ET Q q 0 0 0 rg BT 102.99 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.41 317.10 Td (dif) Tj ET Q q 0 0 0 rg BT 123.33 317.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 147.19 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.71 317.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 201.54 317.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 235.94 317.10 Td (future ) Tj ET Q q 0 0 0 rg BT 262.56 317.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 311.14 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 325.55 317.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 357.17 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.25 317.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 404.87 317.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 442.59 317.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 487.00 317.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 520.29 317.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 90.93 305.10 Td (production ) Tj ET Q q 0 0 0 rg BT 136.25 305.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 166.58 305.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 203.57 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 212.78 305.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 257.53 305.10 Td (return ) Tj ET Q q 0 0 0 rg BT 283.41 305.10 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 317.34 305.10 Td (with ) Tj ET Q q 0 0 0 rg BT 337.11 305.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 376.87 305.10 Td (low ) Tj ET Q q 0 0 0 rg BT 393.87 305.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 413.36 305.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 453.14 305.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 477.34 305.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 489.90 305.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.77 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 529.97 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 539.19 305.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.46 293.10 Td (support ) Tj ET Q q 0 0 0 rg BT 98.43 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.62 293.10 Td (development ) Tj ET Q q 0 0 0 rg BT 166.24 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.54 293.10 Td (those ) Tj ET Q q 0 0 0 rg BT 199.62 293.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 235.74 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.57 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.21 293.10 Td (e ) Tj ET Q q 0 0 0 rg BT 252.61 293.10 Td (have ) Tj ET Q q 0 0 0 rg BT 273.46 293.10 Td (been ) Tj ET Q q 0 0 0 rg BT 294.31 293.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 340.71 293.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 371.55 293.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 384.08 293.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 426.03 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.66 293.10 Td (over ) Tj ET Q q 0 0 0 rg BT 459.40 293.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 471.37 293.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 496.93 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.34 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 293.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 80.06 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.75 281.10 Td (such ) Tj ET Q q 0 0 0 rg BT 113.43 281.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 158.44 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.46 281.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 206.78 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.91 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.59 281.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 275.16 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.49 281.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 361.55 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.66 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 383.56 281.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 424.13 281.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.92 281.10 Td (highlights ) Tj ET Q q 0 0 0 rg BT 495.28 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 281.10 Td (observations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.32 269.10 Td (how ) Tj ET Q q 0 0 0 rg BT 110.04 269.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 141.41 269.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.56 269.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.94 269.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 246.09 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.92 269.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.40 269.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (Finding ) Tj ET Q q 0 0 0 rg BT 103.68 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.64 245.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 181.57 245.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.41 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.24 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.87 245.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.51 245.10 Td (e ) Tj ET Q q 0 0 0 rg BT 228.78 245.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 267.71 245.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 296.63 245.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 328.35 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.63 245.10 Td (development ) Tj ET Q q 0 0 0 rg BT 400.11 245.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.94 245.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 466.88 245.10 Td (future ) Tj ET Q q 0 0 0 rg BT 493.59 245.10 Td (development ) Tj ET Q q 0 0 0 rg BT 548.07 245.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 106.31 233.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 129.25 233.10 Td (but ) Tj ET Q q 0 0 0 rg BT 144.96 233.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 187.33 233.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 201.22 231.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.47 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.41 233.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 242.56 233.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 299.36 233.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 328.95 233.10 Td (expenditures\) ) Tj ET Q q 0 0 0 rg BT 386.31 233.10 Td (over ) Tj ET Q q 0 0 0 rg BT 407.01 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.17 233.10 Td (life ) Tj ET Q q 0 0 0 rg BT 438.43 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.70 233.10 Td (each ) Tj ET Q q 0 0 0 rg BT 470.95 233.10 Td (field ) Tj ET Q q 0 0 0 rg BT 492.21 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.93 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 515.30 233.10 Td (competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.85 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.63 221.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 119.98 221.10 Td (average ) Tj ET Q q 0 0 0 rg BT 153.64 221.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 176.21 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 190.44 221.10 Td (other ) Tj ET Q q 0 0 0 rg BT 213.55 221.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.68 221.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 271.73 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.30 221.10 Td (See ) Tj ET Q q 0 0 0 rg BT 291.31 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.10 221.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 347.55 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.45 221.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 389.91 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.92 221.10 Td (development ) Tj ET Q q 0 0 0 rg BT 461.14 221.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 483.71 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.05 221.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 508.84 221.10 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 547.52 221.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 85.13 209.10 Td (Abbr) Tj ET Q q 0 0 0 rg BT 104.76 209.10 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.86 209.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.99 185.10 Td (iming ) Tj ET Q q 0 0 0 rg BT 99.73 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.36 185.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 142.32 185.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.15 185.10 Td () Tj ET Q q 0 0 0 rg BT 172.97 185.10 Td (When ) Tj ET Q q 0 0 0 rg BT 198.14 185.10 Td (initiating ) Tj ET Q q 0 0 0 rg BT 235.55 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.28 185.10 Td (new ) Tj ET Q q 0 0 0 rg BT 259.23 185.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 289.40 185.10 Td (flood, ) Tj ET Q q 0 0 0 rg BT 314.30 185.10 Td (there ) Tj ET Q q 0 0 0 rg BT 335.58 185.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 374.08 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.04 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.77 185.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 410.72 185.10 Td (between ) Tj ET Q q 0 0 0 rg BT 445.33 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.84 185.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 483.47 185.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.41 185.10 Td (expenditures ) 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 66.78 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.84 173.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 119.68 173.10 Td (production ) Tj ET Q q 0 0 0 rg BT 165.85 173.10 Td (increases.) Tj ET Q q 0 0 0 rg BT 209.81 173.10 Td (W) Tj ET Q q 0 0 0 rg BT 218.45 173.10 Td (e ) Tj ET Q q 0 0 0 rg BT 225.73 173.10 Td (must ) Tj ET Q q 0 0 0 rg BT 248.02 173.10 Td (build ) Tj ET Q q 0 0 0 rg BT 271.42 173.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 311.20 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.48 173.10 Td (often ) Tj ET Q q 0 0 0 rg BT 351.87 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.15 173.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 373.04 171.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.29 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.13 173.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 414.19 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.81 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.87 173.10 Td (field, ) Tj ET Q q 0 0 0 rg BT 463.54 173.10 Td (before ) Tj ET Q q 0 0 0 rg BT 491.92 173.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.81 171.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.06 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.90 173.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 548.63 173.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (commence, ) Tj ET Q q 0 0 0 rg BT 99.29 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.72 161.10 Td (it ) Tj ET Q q 0 0 0 rg BT 127.26 161.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 160.13 161.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 184.66 161.10 Td (six ) Tj ET Q q 0 0 0 rg BT 200.31 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.07 161.10 Td (twelvemonths ) Tj ET Q q 0 0 0 rg BT 274.66 161.10 Td (before ) Tj ET Q q 0 0 0 rg BT 304.18 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.38 161.10 Td (field ) Tj ET Q q 0 0 0 rg BT 342.69 161.10 Td (responds ) Tj ET Q q 0 0 0 rg BT 382.23 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.99 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.19 161.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 449.17 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.48 161.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 475.37 159.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.62 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.60 161.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 504.64 161.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.18 161.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (commences\).Further) Tj ET Q q 0 0 0 rg BT 136.57 149.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.54 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.67 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 175.35 149.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 201.15 149.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.83 149.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 282.18 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.98 149.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.09 149.10 Td (before ) Tj ET Q q 0 0 0 rg BT 350.10 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 364.23 149.10 Td (can ) Tj ET Q q 0 0 0 rg BT 380.57 149.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 421.90 149.10 Td (any ) Tj ET Q q 0 0 0 rg BT 438.81 149.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 469.04 149.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 504.27 149.10 Td (from ) Tj ET Q q 0 0 0 rg BT 526.17 149.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 550.86 149.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 72.71 137.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 91.75 137.10 Td (even ) Tj ET Q q 0 0 0 rg BT 112.73 137.10 Td (after ) Tj ET Q q 0 0 0 rg BT 133.15 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.70 137.10 Td (field ) Tj ET Q q 0 0 0 rg BT 160.12 137.10 Td (has ) Tj ET Q q 0 0 0 rg BT 175.56 137.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 205.43 137.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 242.79 137.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 287.11 137.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 323.10 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.53 137.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 375.63 137.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 404.38 137.10 Td (will ) Tj ET Q q 0 0 0 rg BT 422.04 137.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 453.03 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 464.57 137.10 Td (required ) Tj ET Q q 0 0 0 rg BT 499.99 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.87 137.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 530.86 137.10 Td (develop ) 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 64.22 125.10 Td (field.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 101.10 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 120.98 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.68 101.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 142.05 101.10 Td (oved ) Tj ET Q q 0 0 0 rg BT 164.42 101.10 Td (Reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.68 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.06 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.43 101.10 Td (In ) Tj ET Q q 0 0 0 rg BT 220.13 101.10 Td (order ) Tj ET Q q 0 0 0 rg BT 243.60 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.75 101.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 294.99 101.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 325.13 101.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 356.38 101.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 369.31 101.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 406.94 101.10 Td (we ) Tj ET Q q 0 0 0 rg BT 420.97 101.10 Td (must ) Tj ET Q q 0 0 0 rg BT 442.79 101.10 Td (either ) Tj ET Q q 0 0 0 rg BT 467.93 101.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 519.17 101.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.94 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.82 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.48 89.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 154.80 89.10 Td (process ) Tj ET Q q 0 0 0 rg BT 187.23 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.01 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.67 89.10 Td (field ) Tj ET Q q 0 0 0 rg BT 233.44 89.10 Td (must ) Tj ET Q q 0 0 0 rg BT 255.33 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 267.21 89.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 310.20 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.42 89.10 Td (an ) Tj ET Q q 0 0 0 rg BT 332.31 89.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 366.41 89.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 397.73 89.10 Td (flood. ) Tj ET Q q 0 0 0 rg BT 426.11 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 444.10 89.10 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 488.75 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.53 89.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.74 89.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.84 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 80.85 77.10 Td (can ) Tj ET Q q 0 0 0 rg BT 97.07 77.10 Td (book ) Tj ET Q q 0 0 0 rg BT 119.42 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.54 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 146.33 77.10 Td (given ) Tj ET Q q 0 0 0 rg BT 170.89 77.10 Td (year ) Tj ET Q q 0 0 0 rg BT 190.44 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 208.35 77.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 239.57 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.91 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.59 77.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 303.82 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 323.94 77.10 Td (new ) Tj ET Q q 0 0 0 rg BT 342.95 77.10 Td (floods, ) Tj ET Q q 0 0 0 rg BT 372.80 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.36 77.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 415.82 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.49 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.06 77.10 Td (production ) Tj ET Q q 0 0 0 rg BT 486.73 77.10 Td (response ) Tj ET Q q 0 0 0 rg BT 524.07 77.10 Td (from ) Tj ET Q q 0 0 0 rg BT 545.85 77.10 Td (new ) 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 49.50 713.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 77.42 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.79 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.93 713.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 163.38 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.63 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.89 713.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 225.48 713.10 Td (floods. ) Tj ET Q q 0 0 0 rg BT 255.90 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.61 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 264.02 713.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 295.59 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 301.01 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.38 713.10 Td (high ) Tj ET Q q 0 0 0 rg BT 329.08 713.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 375.30 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.56 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 713.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 439.62 713.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 475.30 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.88 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.25 713.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 529.04 713.10 Td (field ) Tj ET Q q 0 0 0 rg BT 550.29 713.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.86 701.10 Td (when ) Tj ET Q q 0 0 0 rg BT 120.02 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.96 701.10 Td (production ) Tj ET Q q 0 0 0 rg BT 172.79 701.10 Td (response ) Tj ET Q q 0 0 0 rg BT 210.28 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 219.45 701.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 253.05 701.10 Td (observed, ) Tj ET Q q 0 0 0 rg BT 294.15 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.09 701.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 350.79 701.10 Td (only ) Tj ET Q q 0 0 0 rg BT 371.07 701.10 Td (modest ) Tj ET Q q 0 0 0 rg BT 402.46 701.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 437.17 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.87 701.10 Td (made ) Tj ET Q q 0 0 0 rg BT 476.03 701.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 513.78 701.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.87 677.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 118.01 677.10 Td (Rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.39 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.30 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.00 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.45 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 214.69 677.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 232.58 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 242.71 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.06 677.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 281.84 677.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 305.85 677.10 Td (can ) Tj ET Q q 0 0 0 rg BT 322.64 677.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 343.32 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.67 677.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 396.89 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.58 677.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 435.49 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 440.90 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.14 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.49 677.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 491.27 677.10 Td (field) Tj ET Q q 0 0 0 rg BT 512.37 677.10 Td (s ) Tj ET Q q 0 0 0 rg BT 519.17 677.10 Td (production ) 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 69.05 665.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 104.14 665.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 134.80 665.10 Td (when ) Tj ET Q q 0 0 0 rg BT 158.79 665.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 182.23 665.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 216.23 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.34 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.89 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.78 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.03 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.87 665.10 Td (plateau ) Tj ET Q q 0 0 0 rg BT 294.07 665.10 Td (temporarily) Tj ET Q q 0 0 0 rg BT 340.07 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.91 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.68 665.10 Td (then ) Tj ET Q q 0 0 0 rg BT 381.23 665.10 Td (resume ) Tj ET Q q 0 0 0 rg BT 412.44 665.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 443.11 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.77 665.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 496.09 665.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 518.97 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.63 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.18 665.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.92 653.10 Td (developed.During ) Tj ET Q q 0 0 0 rg BT 145.05 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.71 653.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 184.79 653.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 209.11 653.10 Td (life ) Tj ET Q q 0 0 0 rg BT 225.65 653.10 Td (cycle, ) Tj ET Q q 0 0 0 rg BT 252.45 653.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 283.98 653.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 320.51 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 330.39 653.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 371.35 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 394.00 653.10 Td (time ) Tj ET Q q 0 0 0 rg BT 414.99 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.98 653.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 449.47 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 477.12 653.10 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 530.31 653.10 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 93.03 641.10 Td (shutdowns ) Tj ET Q q 0 0 0 rg BT 138.25 641.10 Td (during ) Tj ET Q q 0 0 0 rg BT 166.79 641.10 Td (installation, ) Tj ET Q q 0 0 0 rg BT 216.16 641.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 248.58 641.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 281.56 641.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 325.09 641.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 360.29 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.50 641.10 Td (production.) Tj ET Q q 0 0 0 rg BT 421.14 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.78 641.10 Td (e ) Tj ET Q q 0 0 0 rg BT 436.65 641.10 Td (also ) Tj ET Q q 0 0 0 rg BT 455.20 641.10 Td (find ) Tj ET Q q 0 0 0 rg BT 473.74 641.10 Td (it ) Tj ET Q q 0 0 0 rg BT 481.73 641.10 Td (dif) Tj ET Q q 0 0 0 rg BT 492.66 641.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 516.19 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.41 641.10 Td (precisely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 80.45 629.10 Td (when ) Tj ET Q q 0 0 0 rg BT 105.29 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.92 629.10 Td (given ) Tj ET Q q 0 0 0 rg BT 148.32 629.10 Td (well ) Tj ET Q q 0 0 0 rg BT 168.72 629.10 Td (will ) Tj ET Q q 0 0 0 rg BT 187.46 629.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 222.31 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.27 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.67 629.10 Td (injected ) Tj ET Q q 0 0 0 rg BT 283.51 629.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 297.40 627.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.33 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.85 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.25 629.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 347.14 627.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.39 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.58 629.10 Td (seldom ) Tj ET Q q 0 0 0 rg BT 385.65 629.10 Td (travels ) Tj ET Q q 0 0 0 rg BT 415.49 629.10 Td (through ) Tj ET Q q 0 0 0 rg BT 449.78 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.19 629.10 Td (rock ) Tj ET Q q 0 0 0 rg BT 486.14 629.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 537.10 629.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.72 629.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (heterogeneity ) Tj ET Q q 0 0 0 rg BT 107.37 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.25 617.10 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 181.57 617.10 Td (formations.) Tj ET Q q 0 0 0 rg BT 232.22 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 241.25 617.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 255.26 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.92 617.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 306.57 617.10 Td (low ) Tj ET Q q 0 0 0 rg BT 325.01 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 339.02 617.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 368.84 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.62 617.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 407.38 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.16 617.10 Td (development ) Tj ET Q q 0 0 0 rg BT 474.25 617.10 Td (has ) Tj ET Q q 0 0 0 rg BT 491.03 617.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 531.68 617.10 Td (slowed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 80.98 605.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 111.92 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.19 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.13 605.10 Td (less ) Tj ET Q q 0 0 0 rg BT 143.63 605.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 185.12 605.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 214.95 605.10 Td (pattern. ) Tj ET Q q 0 0 0 rg BT 246.71 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.10 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 256.74 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 262.67 605.10 Td (find ) Tj ET Q q 0 0 0 rg BT 280.28 605.10 Td (all ) Tj ET Q q 0 0 0 rg BT 291.77 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.60 605.10 Td (these ) Tj ET Q q 0 0 0 rg BT 323.65 605.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 372.36 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.63 605.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.57 605.10 Td (normal, ) Tj ET Q q 0 0 0 rg BT 424.89 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.83 605.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 479.53 605.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 507.12 605.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.17 605.10 Td (production ) 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 59.22 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.16 593.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 97.53 593.10 Td (field ) Tj ET Q q 0 0 0 rg BT 118.35 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.63 593.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 163.88 593.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.15 593.10 Td (time ) Tj ET Q q 0 0 0 rg BT 204.43 593.10 Td (until ) Tj ET Q q 0 0 0 rg BT 225.26 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.98 593.10 Td (field ) Tj ET Q q 0 0 0 rg BT 260.80 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 269.97 593.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 291.36 593.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 337.45 593.10 Td (albeit ) Tj ET Q q 0 0 0 rg BT 362.17 593.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 407.44 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.72 593.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 467.99 593.10 Td (patterns.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 113.43 569.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.27 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.31 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.21 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.62 569.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 176.76 569.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 210.46 569.10 Td (may ) Tj ET Q q 0 0 0 rg BT 229.73 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.21 569.10 Td (more ) Tj ET Q q 0 0 0 rg BT 263.80 569.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 305.83 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.66 569.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 347.13 569.10 Td (than ) Tj ET Q q 0 0 0 rg BT 366.39 569.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 409.53 569.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 444.36 569.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.06 569.10 Td (because ) Tj ET Q q 0 0 0 rg BT 521.75 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.13 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.39 569.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 557.10 Td (injecting ) Tj ET Q q 0 0 0 rg BT 98.34 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.54 557.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 155.50 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.47 557.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 184.36 555.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.61 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.37 557.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 233.67 557.10 Td (due ) Tj ET Q q 0 0 0 rg BT 250.87 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.41 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.38 557.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 295.25 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.34 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.31 557.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 335.21 555.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.46 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.21 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.41 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.39 557.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 418.36 557.10 Td (ener) Tj ET Q q 0 0 0 rg BT 435.38 557.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 448.14 557.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 503.10 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.64 557.10 Td (re-compress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 545.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.28 543.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.53 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.20 545.10 Td (back ) Tj ET Q q 0 0 0 rg BT 105.75 545.10 Td (into ) Tj ET Q q 0 0 0 rg BT 123.98 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.10 545.10 Td (near) Tj ET Q q 0 0 0 rg BT 148.10 545.10 Td (-liquid ) Tj ET Q q 0 0 0 rg BT 177.44 545.10 Td (state ) Tj ET Q q 0 0 0 rg BT 198.44 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.77 545.10 Td (re-injection ) Tj ET Q q 0 0 0 rg BT 261.54 545.10 Td (purposes\).) Tj ET Q q 0 0 0 rg BT 307.74 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.96 545.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 348.63 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.63 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.64 545.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 389.53 543.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.78 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.45 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.56 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.45 545.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 470.10 545.10 Td (required ) Tj ET Q q 0 0 0 rg BT 506.09 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.54 545.10 Td (recycle ) Tj ET Q q 0 0 0 rg BT 548.08 545.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 74.07 533.10 Td (this ) Tj ET Q q 0 0 0 rg BT 90.87 533.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.76 531.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.01 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.37 533.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 149.38 533.10 Td (nearly ) Tj ET Q q 0 0 0 rg BT 176.72 533.10 Td (half ) Tj ET Q q 0 0 0 rg BT 194.62 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.30 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.99 533.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 250.56 533.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 281.78 533.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 321.90 533.10 Td (expenses.Since ) Tj ET Q q 0 0 0 rg BT 390.07 533.10 Td (these ) Tj ET Q q 0 0 0 rg BT 412.97 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 435.33 533.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 455.45 533.10 Td (along ) Tj ET Q q 0 0 0 rg BT 480.02 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 500.16 533.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 548.06 533.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.21 521.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 141.69 521.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 170.58 521.10 Td (they ) Tj ET Q q 0 0 0 rg BT 190.31 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 205.02 521.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 233.09 521.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 267.80 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.75 521.10 Td (will ) Tj ET Q q 0 0 0 rg BT 302.82 521.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 338.08 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.37 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.32 521.10 Td (high-commodity-price ) Tj ET Q q 0 0 0 rg BT 447.80 521.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 500.85 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.80 521.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.72 521.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.49 509.10 Td (low-price ) Tj ET Q q 0 0 0 rg BT 97.36 509.10 Td (environment.Most ) Tj ET Q q 0 0 0 rg BT 178.52 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.41 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.29 509.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.19 507.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.43 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.99 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.31 509.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 287.86 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.63 509.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 341.27 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.60 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.49 509.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 398.92 509.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 412.03 509.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 436.80 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.79 509.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 491.32 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.21 509.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 524.75 509.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.22 497.10 Td (\(following ) Tj ET Q q 0 0 0 rg BT 133.06 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.90 497.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 213.83 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.78 497.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 256.27 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.45 497.10 Td (production\) ) Tj ET Q q 0 0 0 rg BT 318.73 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 328.57 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.41 497.10 Td (time ) Tj ET Q q 0 0 0 rg BT 363.80 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.64 497.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 392.53 495.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.78 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.40 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.70 497.10 Td (injected. ) Tj ET Q q 0 0 0 rg BT 444.47 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.90 497.10 Td (These ) Tj ET Q q 0 0 0 rg BT 473.40 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 496.02 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 517.52 497.10 Td (historically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 97.23 485.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 156.63 485.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 176.61 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.03 485.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 206.00 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.98 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.84 485.10 Td (total ) Tj ET Q q 0 0 0 rg BT 249.26 485.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 288.67 485.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.31 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.62 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 338.59 485.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 369.11 485.10 Td (operations.Since ) Tj ET Q q 0 0 0 rg BT 442.12 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 455.43 485.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 489.28 485.10 Td (all ) Tj ET Q q 0 0 0 rg BT 500.92 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.89 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 485.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.73 473.10 Td 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0 0 0 rg BT 420.98 461.10 Td (production ) Tj ET Q q 0 0 0 rg BT 466.80 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 476.52 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 494.01 461.10 Td (time.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 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 (43) 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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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 (Y) Tj ET Q q 0 0 0 rg BT 418.25 645.21 Td (ear 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 shar) Tj ET Q q 0 0 0 rg BT 157.90 631.20 Td (e and unit data) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.50 631.21 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 631.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 631.21 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 617.20 Td (Operating r) Tj ET Q q 0 0 0 rg BT 97.66 617.20 Td (esults) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 603.21 Td (163,152) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 603.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.75 603.21 Td (\(976,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 603.21 Td (\)) 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 519.00 603.21 Td (\(4,385,448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 603.21 Td (\)) 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 404.25 589.21 Td (0.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.25 589.21 Td (\(2.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 589.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 589.21 Td (\(12.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 589.21 Td (\)) 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 404.25 575.21 Td (0.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.25 575.21 Td (\(2.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 575.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 575.21 Td (\(12.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 575.21 Td (\)) 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 480.00 561.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 561.21 Td (0.1875) 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 (267,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 547.21 Td (219,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 547.21 Td (864,304) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 533.20 Td (A) Tj ET Q q 0 0 0 rg BT 58.17 533.20 Td (verage daily pr) Tj ET Q q 0 0 0 rg BT 115.74 533.20 Td (oduction 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 (58,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 519.21 Td (61,440) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 519.21 Td (69,165) 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 (1) Tj ET Q q 0 0 0 rg BT 399.75 505.21 Td (1,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 505.21 Td (15,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 505.21 Td (22,172) 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 (60,298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 491.21 Td (64,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 491.21 Td (72,861) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 477.20 Td (Operating r) Tj ET Q q 0 0 0 rg BT 97.66 477.20 Td (evenues) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 463.21 Td (1,079,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 463.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 463.21 Td (924,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 463.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 463.21 Td (1,194,038) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 449.21 Td (Natural gas sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 449.21 Td (9,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 449.21 Td (1) Tj ET Q q 0 0 0 rg BT 468.75 449.21 Td (1,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 449.21 Td (18,988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.00 435.21 Td (T) Tj ET Q q 0 0 0 rg BT 80.87 435.21 Td (otal oil and natural gas sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 435.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 435.21 Td (1,089,666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 435.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 435.21 Td (935,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 435.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 435.21 Td (1,213,026) 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 \(payment\) on settlements of commodity d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.46 407.21 Td (erivatives) 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 392.25 407.21 Td (\(47,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 407.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 407.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 407.21 Td (84,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 407.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 407.21 Td (51) Tj ET Q q 0 0 0 rg BT 537.75 407.21 Td (1,699) 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 392.25 393.21 Td (\(29,781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 393.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.75 393.21 Td (\(212,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 393.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 393.21 Td (\(363,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 393.21 Td (\)) 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 392.25 379.21 Td (\(77,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 379.21 Td (\)) 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 456.75 379.21 Td (\(127,944) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 379.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 379.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 379.21 Td (147,999) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 365.20 Td (Unit prices ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 96.49 365.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 100.99 365.20 Td ( excluding impact of derivative settlements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 351.21 Td (Oil price per Bbl) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 351.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 351.21 Td (50.64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 351.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 351.21 Td (41.12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 351.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 351.21 Td (47.30) 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 (2.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 337.21 Td (1.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 337.21 Td (2.35) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 309.21 Td (48.40) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 309.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 309.21 Td (44.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 309.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 309.21 Td (67.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 295.21 Td (Natural gas price per Mcf) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 295.21 Td (2.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 295.21 Td (1.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 295.21 Td (2.83) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 281.20 Td (Oil and natural gas operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 281.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 281.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 267.21 Td (Lease operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 267.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 267.21 Td (447,799) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 267.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 267.21 Td (414,937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 267.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 267.21 Td (515,043) 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 (39,617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 253.21 Td (45,151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 253.21 Td (48,319) 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 (79,198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 239.21 Td (68,878) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 239.21 Td (95,687) 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 r) Tj ET Q q 0 0 0 rg BT 171.60 225.20 Td (evenues and expenses per) Tj ET Q q 0 0 0 rg BT 269.19 225.20 Td ( 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 211.21 Td (49.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 211.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 211.21 Td (39.95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 211.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 211.21 Td (45.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 197.21 Td (Lease operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 197.21 Td (20.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 197.21 Td (17.71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 197.21 Td (19.37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 183.21 Td (Marketing expenses, net of third-party purchases, and plant operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 183.21 Td (1.80) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 183.21 Td (1.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 183.21 Td (1.82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 169.21 Td (Production and ad valorem taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 169.21 Td (3.60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 169.21 Td (2.94) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 169.21 Td (3.60) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 155.20 Td (CO) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 65.50 153.92 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.42 155.20 Td ( sour) Tj ET Q q 0 0 0 rg BT 87.51 155.20 Td (ces r) Tj ET Q q 0 0 0 rg BT 111.84 155.20 Td (evenues and expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 155.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.50 155.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 141.21 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 76.50 139.92 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.43 141.21 Td ( sales and transportation fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 141.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 141.21 Td (26,182) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 141.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 141.21 Td (24,816) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 141.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 141.21 Td (30,626) 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 (\(3,099) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 127.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 127.21 Td (\(3,374) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 127.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 127.21 Td (\(4,557) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 127.21 Td (\)) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 113.21 Td (23,083) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 113.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 113.21 Td (21,442) 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 (26,069) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.49 94.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 133.92 94.25 Td (full-cost ) Tj ET Q q 0 0 0 rg BT 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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.) 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/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 109.88 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.07 623.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 162.92 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.89 623.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 209.86 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.95 623.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 270.70 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.45 623.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 333.76 623.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 381.39 623.10 Td (during ) Tj ET Q q 0 0 0 rg BT 411.26 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.23 623.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 459.03 623.10 Td (which ) Tj ET Q q 0 0 0 rg BT 487.23 623.10 Td (were ) Tj ET Q q 0 0 0 rg BT 510.42 623.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 552.50 623.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 611.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 115.12 611.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.08 611.10 Td ($47.8 ) Tj ET Q q 0 0 0 rg BT 151.21 611.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.10 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.73 611.10 Td (for ) Tj ET Q q 0 0 0 rg BT 197.01 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.86 611.10 Td (year ) Tj ET Q q 0 0 0 rg BT 231.69 611.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 258.20 611.10 Td (December ) Tj ET Q q 0 0 0 rg BT 301.91 611.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 317.04 611.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 339.67 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.74 611.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 390.46 611.10 Td (on ) Tj ET Q q 0 0 0 rg BT 403.09 611.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 450.71 611.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.66 611.10 Td ($84.2 ) Tj ET Q q 0 0 0 rg BT 486.79 611.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.68 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.31 611.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.38 611.10 Td ($51) Tj ET Q q 0 0 0 rg BT 550.01 611.10 Td (1.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 599.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.88 599.10 Td (for ) Tj ET Q q 0 0 0 rg BT 113.04 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.75 599.10 Td (years ) Tj ET Q q 0 0 0 rg BT 151.34 599.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 177.71 599.10 Td (December ) Tj ET Q q 0 0 0 rg BT 221.28 599.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.28 599.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.28 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.77 599.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.70 599.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 599.10 Td (, ) Tj ET Q q 0 0 0 rg BT 300.69 599.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 348.35 599.10 Td (. ) Tj ET Q q 0 0 0 rg BT 353.35 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.66 599.10 Td (W) Tj ET Q q 0 0 0 rg BT 364.30 599.10 Td (e ) Tj ET Q q 0 0 0 rg BT 371.23 599.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 402.59 599.10 Td (that ) Tj ET Q q 0 0 0 rg BT 420.08 599.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 455.34 599.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 471.71 599.10 Td (value ) Tj ET Q q 0 0 0 rg BT 495.86 599.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 519.46 599.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 552.51 599.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 587.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 117.54 587.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 165.91 587.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.07 587.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.00 587.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 214.93 587.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 272.75 587.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 317.79 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.06 587.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.50 587.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 386.77 587.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 435.14 587.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 471.84 587.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.93 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.86 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.13 587.10 Td (order ) Tj ET Q q 0 0 0 rg BT 554.72 587.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 575.10 Td (dif) Tj ET Q q 0 0 0 rg BT 78.43 575.10 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 119.10 575.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 154.79 575.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 171.59 575.10 Td (market ) Tj ET Q q 0 0 0 rg BT 202.27 575.10 Td (value ) Tj ET Q q 0 0 0 rg BT 226.85 575.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 277.54 575.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.90 575.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 333.92 575.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.17 575.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 386.42 575.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 409.34 575.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 457.25 575.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.17 575.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 518.64 575.10 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 563.10 Td (during ) Tj ET Q q 0 0 0 rg BT 95.55 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.71 563.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 139.70 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.50 563.10 Td (This ) Tj ET Q q 0 0 0 rg BT 161.22 563.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 216.48 563.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 258.97 563.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.59 563.10 Td (widely ) Tj ET Q q 0 0 0 rg BT 296.75 563.10 Td (used ) Tj ET Q q 0 0 0 rg BT 317.02 563.10 Td (within ) Tj ET Q q 0 0 0 rg BT 344.52 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.68 563.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 393.40 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.78 563.10 Td (by ) Tj ET Q q 0 0 0 rg BT 421.72 563.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 461.43 563.10 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 498.08 563.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 523.36 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.74 563.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 551.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 93.49 551.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 130.57 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.02 551.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 187.54 551.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 223.65 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.32 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.42 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.86 551.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 293.19 551.10 Td (net ) Tj ET Q q 0 0 0 rg BT 308.06 551.10 Td (income ) Tj ET Q q 0 0 0 rg BT 340.16 551.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 365.05 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.49 551.10 Td (present ) Tj ET Q q 0 0 0 rg BT 407.03 551.10 Td (those ) Tj ET Q q 0 0 0 rg BT 430.80 551.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 470.67 551.10 Td (on ) Tj ET Q q 0 0 0 rg BT 483.33 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.43 551.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 542.51 551.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 539.10 Td (across ) Tj ET Q q 0 0 0 rg BT 94.08 539.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 140.93 539.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.84 539.10 Td (well ) Tj ET Q q 0 0 0 rg BT 169.65 539.10 Td (as ) Tj ET Q q 0 0 0 rg BT 179.57 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.93 539.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 214.96 539.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 262.64 539.10 Td (with ) Tj ET Q q 0 0 0 rg BT 282.00 539.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 310.79 539.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 329.59 539.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 373.67 539.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.25 539.10 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 411.83 539.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.29 539.10 Td (value ) Tj ET Q q 0 0 0 rg BT 450.54 539.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 473.23 539.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 505.37 539.10 Td (on ) Tj ET Q q 0 0 0 rg BT 516.96 539.10 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 527.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 113.64 527.10 Td (is ) Tj ET Q q 0 0 0 rg BT 122.59 527.10 Td (not ) Tj ET Q q 0 0 0 rg BT 137.64 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.35 527.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 179.93 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.54 527.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.79 527.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.39 527.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 278.43 527.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 331.22 527.10 Td (under ) Tj ET Q q 0 0 0 rg BT 356.26 527.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 382.38 527.10 Td (, ) Tj ET Q q 0 0 0 rg BT 387.15 527.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 402.75 527.10 Td (should ) Tj ET Q q 0 0 0 rg BT 431.70 527.10 Td (it ) Tj ET Q q 0 0 0 rg BT 439.52 527.10 Td (be ) Tj ET Q q 0 0 0 rg BT 451.23 527.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 496.82 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.87 527.10 Td (isolation ) Tj ET Q q 0 0 0 rg BT 543.59 527.10 Td (or ) Tj ET Q q 0 0 0 rg BT 554.19 527.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 515.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.54 515.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 117.48 515.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.74 515.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.18 515.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 188.56 515.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 236.03 515.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 271.84 515.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.93 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.97 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.35 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.17 515.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 399.55 515.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 447.03 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.96 515.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 508.94 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.54 515.10 Td (See ) Tj ET Q q 0 0 0 rg BT 530.58 515.10 Td (also ) Tj ET Q q 0 0 0 rg BT 550.29 515.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 503.10 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 106.11 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.61 503.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 159.24 503.10 Td (Abbr) Tj ET Q q 0 0 0 rg BT 178.87 503.10 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.98 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.48 503.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.64 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.35 503.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 287.73 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.56 503.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 333.83 503.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 350.21 503.10 Td (value ) Tj ET Q q 0 0 0 rg BT 374.37 503.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 397.97 503.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 431.03 503.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.53 503.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 491.58 503.10 Td (derivatives.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Production) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.62 713.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (A) Tj ET Q q 0 0 0 rg BT 73.98 689.25 Td (verage ) Tj ET Q q 0 0 0 rg BT 103.13 689.25 Td (daily ) Tj ET Q q 0 0 0 rg BT 125.62 689.25 Td (production ) Tj ET Q q 0 0 0 rg BT 171.45 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.95 689.25 Td (area ) Tj ET Q q 0 0 0 rg BT 203.09 689.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.25 689.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.25 689.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.25 689.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.25 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 264.75 689.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.69 689.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.69 689.25 Td (, ) Tj ET Q q 0 0 0 rg BT 306.69 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.63 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 337.79 689.25 Td (each ) Tj ET Q q 0 0 0 rg BT 358.60 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.43 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.15 689.25 Td (quarters ) Tj ET Q q 0 0 0 rg BT 418.86 689.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.69 689.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.69 689.25 Td (, ) Tj ET Q q 0 0 0 rg BT 454.69 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 463.86 689.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 492.47 689.25 Td (below:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 627.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 627.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 627.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 627.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 627.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 627.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 627.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 627.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 627.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 627.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 627.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 599.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 599.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 599.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 599.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 599.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 599.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 599.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 599.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 571.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 571.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 571.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 571.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 571.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 571.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 571.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 571.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 543.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 543.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 543.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 543.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 543.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 543.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 543.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 543.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 543.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 515.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 515.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 515.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 515.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 515.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 515.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 515.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 515.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 515.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 515.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 515.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 487.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 487.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 487.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 487.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 487.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 487.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 487.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 487.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 487.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 487.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 487.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 459.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 459.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 459.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 459.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 459.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 459.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 459.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 459.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 459.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 459.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 459.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 431.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 431.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 431.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 431.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 431.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 431.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 431.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 431.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 431.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 431.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 431.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 403.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 403.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 403.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 403.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 403.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 403.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 403.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 403.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 403.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 403.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 403.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 375.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 375.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 375.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 375.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 375.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 375.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 375.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 375.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 375.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 375.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 375.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 347.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 347.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 347.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 347.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 347.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 347.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 347.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 347.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 347.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 347.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 347.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 319.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 319.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 319.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 319.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 319.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 319.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 319.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 319.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 319.75 50.00 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50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 263.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 263.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 263.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 263.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 263.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 263.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 263.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 263.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 235.75 151.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 201.00 235.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 205.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 255.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 235.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.00 235.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 463.00 235.75 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 235.75 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 205 664.75 m 255 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 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 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 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 405 664.75 m 409 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 664.75 m 463 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 664.75 m 513 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 664.75 m 563 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 664.75 m 255 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 650.75 m 255 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 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 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[] 0 d 0 J 0 j 3 M 255 431.75 m 305 431.75 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 305 431.75 m 355 431.75 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 355 431.75 m 405 431.75 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 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 413 431.75 m 463 431.75 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 463 431.75 m 513 431.75 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 513 431.75 m 563 431.75 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 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 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 205 347.75 m 255 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 347.75 m 305 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 347.75 m 355 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 347.75 m 405 347.75 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 413 347.75 m 463 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 347.75 m 513 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 347.75 m 563 347.75 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 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 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 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 205 263.75 m 255 263.75 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 255 263.75 m 305 263.75 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 305 263.75 m 355 263.75 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 355 263.75 m 405 263.75 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 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 413 263.75 m 463 263.75 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 463 263.75 m 513 263.75 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 513 263.75 m 563 263.75 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 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 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 (A) Tj ET Q q 0 0 0 rg BT 326.12 669.21 Td (verage 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 (2017 Quarters) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.20 655.21 Td (Y) Tj ET Q q 0 0 0 rg BT 446.25 655.21 Td (ear Ended December 31,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 632.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.58 632.20 Td (Ar) Tj ET Q q 0 0 0 rg BT 100.25 632.20 Td (ea) 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 (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 632.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.50 632.21 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 618.20 Td (T) Tj ET Q q 0 0 0 rg BT 58.09 618.20 Td (ertiary oil pr) Tj ET Q q 0 0 0 rg BT 107.08 618.20 Td (oduction) 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 (8,1) Tj ET Q q 0 0 0 rg BT 242.50 590.21 Td (1) Tj ET Q q 0 0 0 rg BT 247.00 590.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 590.21 Td (7,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 590.21 Td (7,450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 590.21 Td (7,232) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 590.21 Td (7,629) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 590.21 Td (9,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 590.21 Td (10,830) 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 (4,991) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 576.21 Td (4,965) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 576.21 Td (4,619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 576.21 Td (4,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 576.21 Td (4,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 576.21 Td (4,155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 576.21 Td (3,688) 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 (4,288) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 562.21 Td (4,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 562.21 Td (4,867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 562.21 Td (5,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 562.21 Td (4,830) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 562.21 Td (4,829) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 562.21 Td (5,061) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 548.21 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 93.90 548.21 Td (g) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 548.21 Td (4,730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 548.21 Td (4,996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 548.21 Td (4,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 548.21 Td (4,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 548.21 Td (4,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 548.21 Td (5,128) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 548.21 Td (5,785) 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 (5,075) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 534.21 Td (5,217) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 534.21 Td (4,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 534.21 Td (4,868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 534.21 Td (5,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 534.21 Td (5,083) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 534.21 Td (5,898) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 520.21 Td (T) Tj ET Q q 0 0 0 rg BT 63.84 520.21 Td (insley) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 520.21 Td (6,666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 520.21 Td (6,31) Tj ET Q q 0 0 0 rg BT 297.00 520.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 520.21 Td (6,506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 520.21 Td (6,241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 520.21 Td (6,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 520.21 Td (7,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 520.21 Td (8,1) Tj ET Q q 0 0 0 rg BT 550.50 520.21 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 506.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 506.21 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 506.21 Td (33,861) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 506.21 Td (33,626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 506.21 Td (33,239) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 506.21 Td (33,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 506.21 Td (33,616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 506.21 Td (35,427) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 506.21 Td (39,381) 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 (3,209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 478.21 Td (3,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 478.21 Td (3,406) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 478.21 Td (3,571) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 478.21 Td (3,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 478.21 Td (3,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 478.21 Td (2,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 464.21 Td (Salt Creek ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 98.49 468.29 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 105.31 464.21 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.50 464.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 464.21 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 464.21 Td (2,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 464.21 Td (2,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 464.21 Td (1,1) Tj ET Q q 0 0 0 rg BT 450.50 464.21 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 464.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 464.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 450.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 450.21 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 450.21 Td (3,209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 450.21 Td (3,083) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 450.21 Td (5,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 450.21 Td (5,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 450.21 Td (4,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 450.21 Td (3,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 450.21 Td (2,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 436.21 Td (T) Tj ET Q q 0 0 0 rg BT 57.68 436.21 Td (otal tertiary oil production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 436.21 Td (37,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 436.21 Td (36,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 436.21 Td (38,873) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 436.21 Td (39,488) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 436.21 Td (38,044) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 436.21 Td (38,548) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 436.21 Td (41,602) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 422.20 Td (Non-tertiary oil and gas pr) Tj ET Q q 0 0 0 rg BT 155.41 422.20 Td (oduction) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 408.20 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 394.21 Td (Mississippi) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 394.21 Td (1,342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 394.21 Td (1,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 394.21 Td (867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 394.21 Td (721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 394.21 Td (981) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 394.21 Td (850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 394.21 Td (1,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 380.21 Td (T) Tj ET Q q 0 0 0 rg BT 63.68 380.21 Td (exas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 380.21 Td (4,333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 380.21 Td (5,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 380.21 Td (4,024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 380.21 Td (4,617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 380.21 Td (4,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 380.21 Td (4,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 380.21 Td (6,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 366.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.00 366.21 Td (495) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 366.21 Td (460) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 366.21 Td (515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 366.21 Td (483) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 366.21 Td (489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 366.21 Td (528) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 366.21 Td (889) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 352.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.68 352.21 Td (otal Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 352.21 Td (6,170) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 352.21 Td (6,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 352.21 Td (5,406) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 352.21 Td (5,821) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 352.21 Td (5,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 352.21 Td (6,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 352.21 Td (8,526) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 338.20 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 324.21 Td (Cedar Creek ) Tj ET Q q 0 0 0 rg BT 105.73 324.21 Td (Anticline) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 324.21 Td (15,067) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 324.21 Td (15,124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 324.21 Td (14,535) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 324.21 Td (14,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 324.21 Td (14,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 324.21 Td (16,322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 324.21 Td (17,997) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 310.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 310.21 Td (1,626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 310.21 Td (1,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 310.21 Td (1,514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 310.21 Td (1,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 310.21 Td (1,537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 310.21 Td (1,844) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 310.21 Td (2,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 296.21 Td (T) Tj ET Q q 0 0 0 rg BT 69.37 296.21 Td (otal Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 296.21 Td (16,693) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 296.21 Td (16,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 296.21 Td (16,049) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 296.21 Td (15,835) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 296.21 Td (16,291) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 296.21 Td (18,166) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 296.21 Td (20,740) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 282.21 Td (T) Tj ET Q q 0 0 0 rg BT 57.37 282.21 Td (otal non-tertiary production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 282.21 Td (22,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 282.21 Td (23,065) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 282.21 Td (21,455) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 282.21 Td (21,656) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 282.21 Td (22,254) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 282.21 Td (24,450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 282.21 Td (29,266) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 268.20 Td (T) Tj ET Q q 0 0 0 rg BT 58.09 268.20 Td (otal continuing pr) Tj ET Q q 0 0 0 rg BT 126.61 268.20 Td (oduction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 268.21 Td (59,933) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 268.21 Td (59,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 268.21 Td (60,328) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 268.21 Td (61,144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 268.21 Td (60,298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 268.21 Td (62,998) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 268.21 Td (70,868) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 254.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.91 254.20 Td (operty sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 240.21 Td (Property divestitures ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 135.49 244.29 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.50 240.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 240.21 Td () 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 450.50 240.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 240.21 Td (1,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 240.21 Td (1,993) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 226.20 Td (T) Tj ET Q q 0 0 0 rg BT 57.68 226.20 Td (otal pr) Tj ET Q q 0 0 0 rg BT 83.26 226.20 Td (oduction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 226.21 Td (59,933) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 226.21 Td (59,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 226.21 Td (60,328) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 226.21 Td (61,144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 226.21 Td (60,298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 226.21 Td (64,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 226.21 Td (72,861) 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 (Represents ) Tj ET Q q 0 0 0 rg BT 114.49 180.25 Td (production ) Tj ET Q q 0 0 0 rg BT 160.93 180.25 Td (related ) Tj ET Q q 0 0 0 rg BT 191.24 180.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.13 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.46 180.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 264.45 180.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.89 180.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.44 180.25 Td (23% ) Tj ET Q q 0 0 0 rg BT 304.89 180.25 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 360.75 180.25 Td (working ) Tj ET Q q 0 0 0 rg BT 397.19 180.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 429.74 180.25 Td (in ) Tj ET Q q 0 0 0 rg BT 440.63 180.25 Td (Salt ) Tj ET Q q 0 0 0 rg BT 459.30 180.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 486.29 180.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 509.96 180.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.62 180.25 Td (W) Tj ET Q q 0 0 0 rg BT 529.46 180.25 Td (yoming, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 168.25 Td (which ) Tj ET Q q 0 0 0 rg BT 94.44 168.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 122.49 168.25 Td (on ) Tj ET Q q 0 0 0 rg BT 134.99 168.25 Td (June ) Tj ET Q q 0 0 0 rg BT 155.82 168.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 170.82 168.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 153.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.20 153.25 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 152.23 153.25 Td (production ) Tj ET Q q 0 0 0 rg BT 197.39 153.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.99 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.04 153.25 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 248.97 153.25 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 289.69 153.25 Td (region ) Tj ET Q q 0 0 0 rg BT 317.06 153.25 Td (related ) Tj ET Q q 0 0 0 rg BT 346.09 153.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.70 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.74 153.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 387.12 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.27 153.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 439.64 153.25 Td (non-core ) Tj ET Q q 0 0 0 rg BT 477.01 153.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 502.17 153.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.77 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.69 153.25 Td (W) Tj ET Q q 0 0 0 rg BT 534.72 153.25 Td (illiston ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 141.25 Td (Basin ) Tj ET Q q 0 0 0 rg BT 92.41 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.87 141.25 Td (North ) Tj ET Q q 0 0 0 rg BT 128.33 141.25 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 159.33 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.90 141.25 Td (Montana ) Tj ET Q q 0 0 0 rg BT 213.57 141.25 Td (\(W) Tj ET Q q 0 0 0 rg BT 230.38 141.25 Td (illiston ) Tj ET Q q 0 0 0 rg BT 259.82 141.25 Td (Assets\), ) Tj ET Q q 0 0 0 rg BT 298.33 141.25 Td (which ) Tj ET Q q 0 0 0 rg BT 324.90 141.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 352.58 141.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.48 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.83 141.25 Td (third ) Tj ET Q q 0 0 0 rg BT 397.85 141.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 428.29 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.75 141.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 463.38 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.95 141.25 Td (other ) Tj ET Q q 0 0 0 rg BT 502.62 141.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 528.64 141.25 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 129.25 Td (divestitures.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 105.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 105.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.20 105.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 81.83 105.25 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 81.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 81.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 89.70 81.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 134.27 81.25 Td (production ) Tj ET Q q 0 0 0 rg BT 179.38 81.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.29 81.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.29 81.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.08 81.25 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.96 81.25 Td (60,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.46 81.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.25 81.25 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 328.32 81.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.89 81.25 Td (38,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.39 81.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.18 81.25 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 425.09 81.25 Td (from ) Tj ET Q q 0 0 0 rg BT 446.33 81.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 476.99 81.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 518.77 81.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.00 81.25 Td (22,254) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 79.56 69.25 Td (from ) Tj ET Q q 0 0 0 rg BT 101.27 69.25 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 150.75 69.25 Td (properties. ) Tj ET Q q 0 0 0 rg BT 195.51 69.25 Td ( ) Tj ET Q q 0 0 0 rg BT 197.62 69.25 Td (T) Tj ET Q q 0 0 0 rg BT 203.03 69.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 220.31 69.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 265.36 69.25 Td (production ) Tj ET Q q 0 0 0 rg BT 310.96 69.25 Td (during ) Tj ET Q q 0 0 0 rg BT 339.34 69.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 361.62 69.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 398.88 69.25 Td (production ) Tj ET Q q 0 0 0 rg BT 444.48 69.25 Td (from ) Tj ET Q q 0 0 0 rg BT 466.20 69.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.53 69.25 Td (W) Tj ET Q q 0 0 0 rg BT 489.57 69.25 Td (illiston ) Tj ET Q q 0 0 0 rg BT 519.12 69.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 547.51 69.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 57.25 Td (were ) Tj ET Q q 0 0 0 rg BT 71.73 57.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 91.19 57.25 Td (during ) Tj ET Q q 0 0 0 rg BT 120.10 57.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.11 57.25 Td (third ) Tj ET Q q 0 0 0 rg BT 156.79 57.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 187.91 57.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.03 57.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 221.83 57.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.07 57.25 Td (other ) Tj ET Q q 0 0 0 rg BT 262.41 57.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 289.09 57.25 Td (property ) Tj ET Q q 0 0 0 rg BT 325.77 57.25 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 377.17 57.25 Td (which ) Tj ET Q q 0 0 0 rg BT 404.40 57.25 Td (production ) Tj ET Q q 0 0 0 rg BT 450.53 57.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.53 57.25 Td (1,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.03 57.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.83 57.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 536.41 57.25 Td (during ) 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 (2016. ) Tj ET Q q 0 0 0 rg BT 75.22 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.44 713.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.21 713.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.21 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.43 713.10 Td (total ) Tj ET Q q 0 0 0 rg BT 141.43 713.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 187.42 713.10 Td (production ) Tj ET Q q 0 0 0 rg BT 233.97 713.10 Td (level ) Tj ET Q q 0 0 0 rg BT 256.62 713.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 300.38 713.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.04 713.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.45 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.67 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.22 713.10 Td (2,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.72 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.94 713.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 413.94 713.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.27 713.10 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.60 713.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 437.15 713.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 479.79 713.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.79 713.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.79 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.01 713.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 543.06 713.10 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 102.14 701.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 150.33 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.76 701.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.86 701.10 Td (2,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.36 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.01 701.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 223.44 701.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 260.51 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 282.60 701.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 332.45 701.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 377.59 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.24 701.10 Td (In ) Tj ET Q q 0 0 0 rg BT 391.23 701.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 429.15 701.10 Td (due ) Tj ET Q q 0 0 0 rg BT 446.24 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.68 701.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 500.99 701.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.74 701.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 92.69 689.10 Td (Harvey) Tj ET Q q 0 0 0 rg BT 121.47 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 127.18 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.61 689.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 184.71 689.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 229.58 689.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 274.45 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.10 689.10 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 341.97 689.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 372.96 689.10 Td (all ) Tj ET Q q 0 0 0 rg BT 386.17 689.10 Td (production ) Tj ET Q q 0 0 0 rg BT 432.70 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 443.13 689.10 Td (its ) Tj ET Q q 0 0 0 rg BT 455.79 689.10 Td (Houston ) Tj ET Q q 0 0 0 rg BT 492.90 689.10 Td (area ) Tj ET Q q 0 0 0 rg BT 512.76 689.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 538.19 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 553.06 689.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 101.21 677.10 Td (10-day ) Tj ET Q q 0 0 0 rg BT 130.70 677.10 Td (period ) Tj ET Q q 0 0 0 rg BT 157.97 677.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 199.31 677.10 Td (August ) Tj ET Q q 0 0 0 rg BT 229.93 677.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 244.16 677.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 268.38 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.99 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 287.26 677.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 325.64 677.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 349.58 677.10 Td (included ) Tj ET Q q 0 0 0 rg BT 385.74 677.10 Td (Hastings, ) Tj ET Q q 0 0 0 rg BT 424.96 677.10 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 453.35 677.10 Td (Bayou, ) Tj ET Q q 0 0 0 rg BT 483.68 677.10 Td (Conroe, ) Tj ET Q q 0 0 0 rg BT 517.22 677.10 Td (Thompson, ) Tj ET Q BT /F1 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 58.14 665.10 Td (ebster ) Tj ET Q q 0 0 0 rg BT 84.92 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.26 665.10 Td (Manvel, ) Tj ET Q q 0 0 0 rg BT 138.21 665.10 Td (all ) Tj ET Q q 0 0 0 rg BT 151.11 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.34 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 189.68 665.10 Td (have ) Tj ET Q q 0 0 0 rg BT 211.46 665.10 Td (now ) Tj ET Q q 0 0 0 rg BT 231.58 665.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 267.80 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.48 665.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 327.21 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.91 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 348.35 665.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 378.47 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.70 665.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 432.58 665.10 Td (Harvey ) Tj ET Q q 0 0 0 rg BT 464.91 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.82 665.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 500.72 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 546.95 665.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.76 653.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 127.26 653.10 Td (BOE/d. ) Tj ET Q q 0 0 0 rg BT 160.04 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.22 629.10 Td (production ) Tj ET Q q 0 0 0 rg BT 130.71 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 158.99 629.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 181.16 629.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.88 629.10 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.21 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.38 629.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 234.60 629.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 266.77 629.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 294.49 629.10 Td (than ) Tj ET Q q 0 0 0 rg BT 313.87 629.10 Td (96% ) Tj ET Q q 0 0 0 rg BT 334.37 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.20 629.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 370.37 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.97 629.10 Td (95% ) Tj ET Q q 0 0 0 rg BT 407.47 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 421.30 629.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 445.97 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.98 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 456.62 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 463.22 629.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 501.48 629.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 542.52 629.10 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (average ) Tj ET Q q 0 0 0 rg BT 82.89 617.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 105.19 617.10 Td (production ) Tj ET Q q 0 0 0 rg BT 150.83 617.10 Td (will ) Tj ET Q q 0 0 0 rg BT 168.69 617.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 203.75 617.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 236.06 617.10 Td (from ) Tj ET Q q 0 0 0 rg BT 257.81 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.45 617.10 Td (average ) Tj ET Q q 0 0 0 rg BT 306.84 617.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 329.14 617.10 Td (production ) Tj ET Q q 0 0 0 rg BT 374.78 617.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 394.57 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 414.65 617.10 Td (an ) Tj ET Q q 0 0 0 rg BT 426.40 617.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 464.24 617.10 Td (range ) Tj ET Q q 0 0 0 rg BT 488.75 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.39 617.10 Td (between ) Tj ET Q q 0 0 0 rg BT 535.01 617.10 Td (60,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 79.78 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.72 605.10 Td (64,000 ) Tj ET Q q 0 0 0 rg BT 126.72 605.10 Td (BOE/d.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 581.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 581.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 581.10 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 557.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 83.08 557.10 Td (production ) Tj ET Q q 0 0 0 rg BT 129.21 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.45 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.58 557.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 199.25 557.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.71 557.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.60 557.10 Td (38,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.10 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.90 557.10 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 341.82 557.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.73 557.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.73 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.03 557.10 Td (almost ) Tj ET Q q 0 0 0 rg BT 425.50 557.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 441.62 557.10 Td (with ) Tj ET Q q 0 0 0 rg BT 462.20 557.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 485.00 557.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 516.68 557.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.70 545.10 Td (production ) Tj ET Q q 0 0 0 rg BT 115.46 545.10 Td (inclining ) Tj ET Q q 0 0 0 rg BT 153.43 545.10 Td (during ) Tj ET Q q 0 0 0 rg BT 181.97 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.61 545.10 Td (second ) Tj ET Q q 0 0 0 rg BT 226.80 545.10 Td (half ) Tj ET Q q 0 0 0 rg BT 244.78 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.53 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.17 545.10 Td (year ) Tj ET Q q 0 0 0 rg BT 289.81 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.56 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.43 545.10 Td (result ) Tj ET Q q 0 0 0 rg BT 332.07 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.83 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.47 545.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 403.78 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.53 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.40 545.10 Td (23% ) Tj ET Q q 0 0 0 rg BT 442.15 545.10 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 497.33 545.10 Td (working ) Tj ET Q q 0 0 0 rg BT 533.09 545.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.14 533.10 Td (Salt ) Tj ET Q q 0 0 0 rg BT 78.57 533.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 105.31 533.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 128.73 533.10 Td (during ) Tj ET Q q 0 0 0 rg BT 157.71 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.79 533.10 Td (second ) Tj ET Q q 0 0 0 rg BT 203.43 533.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 234.61 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.80 533.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 271.17 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 282.37 533.10 Td (well ) Tj ET Q q 0 0 0 rg BT 302.45 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.65 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.73 533.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 342.62 531.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.87 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.74 533.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 389.36 533.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 402.78 533.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 440.62 533.10 Td (response ) Tj ET Q q 0 0 0 rg BT 478.48 533.10 Td (from ) Tj ET Q q 0 0 0 rg BT 500.78 533.10 Td (development ) Tj ET Q q 0 0 0 rg BT 555.30 533.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 68.11 521.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 93.94 521.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 116.44 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.83 521.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 162.54 521.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 177.82 521.10 Td (liquids ) Tj ET Q q 0 0 0 rg BT 207.00 521.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 242.83 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 264.22 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.38 521.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 300.33 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 309.49 521.10 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 333.66 521.10 Td (Field. ) Tj ET Q q 0 0 0 rg BT 358.66 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.61 521.10 Td (In ) Tj ET Q q 0 0 0 rg BT 370.89 521.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 408.11 521.10 Td (production ) Tj ET Q q 0 0 0 rg BT 453.38 521.10 Td (lost ) Tj ET Q q 0 0 0 rg BT 469.78 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 491.17 521.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 533.09 521.10 Td (Harvey ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.82 509.10 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 97.92 509.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 121.58 509.10 Td (was ) Tj ET Q q 0 0 0 rg BT 140.23 509.10 Td (of) Tj ET Q q 0 0 0 rg BT 148.38 509.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 165.92 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 179.02 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.33 509.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 229.10 509.10 Td (response ) Tj ET Q q 0 0 0 rg BT 267.19 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 289.73 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.27 509.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 359.79 509.10 Td (project ) Tj ET Q q 0 0 0 rg BT 390.65 509.10 Td (there, ) Tj ET Q q 0 0 0 rg BT 416.24 509.10 Td (with ) Tj ET Q q 0 0 0 rg BT 437.12 509.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 464.66 509.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 496.07 509.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 519.17 509.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 76.05 497.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 105.93 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.59 497.10 Td (new ) Tj ET Q q 0 0 0 rg BT 133.47 497.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 165.56 497.10 Td (production ) Tj ET Q q 0 0 0 rg BT 212.11 497.10 Td (high ) Tj ET Q q 0 0 0 rg BT 233.11 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 243.54 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.98 497.10 Td (field. ) Tj ET Q q 0 0 0 rg BT 283.03 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.25 497.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 333.35 497.10 Td (during ) Tj ET Q q 0 0 0 rg BT 362.68 497.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 385.90 497.10 Td (was ) Tj ET Q q 0 0 0 rg BT 404.67 497.10 Td (further ) Tj ET Q q 0 0 0 rg BT 435.10 497.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 474.97 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 488.19 497.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 519.18 497.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 84.76 485.10 Td (at ) Tj ET Q q 0 0 0 rg BT 94.48 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 110.31 485.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 140.57 485.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 165.29 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.57 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 485.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 211.12 485.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 236.39 485.10 Td (region.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (Non-T) Tj ET Q q 0 0 0 rg BT 74.14 461.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 103.86 461.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 113.49 461.10 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 115.68 437.10 Td (production ) Tj ET Q q 0 0 0 rg BT 162.18 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 184.79 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.30 437.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 251.68 437.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.51 437.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.77 437.10 Td (22,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.27 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.44 437.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 397.40 437.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.68 437.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.68 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 452.35 437.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.97 437.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.38 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.56 437.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.06 437.10 Td (2,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.56 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.74 437.10 Td (BOE/d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 425.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.16 425.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 72.97 425.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 115.87 425.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.13 425.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.13 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.60 425.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 179.91 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.13 425.10 Td (These ) Tj ET Q q 0 0 0 rg BT 210.49 425.10 Td (production ) Tj ET Q q 0 0 0 rg BT 257.29 425.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 293.53 425.10 Td (were ) Tj ET Q q 0 0 0 rg BT 316.44 425.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 357.13 425.10 Td (due ) Tj ET Q q 0 0 0 rg BT 375.05 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.30 425.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 417.55 425.10 Td (production ) Tj ET Q q 0 0 0 rg BT 464.35 425.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 500.59 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.29 425.10 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 538.64 425.10 Td (Creek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 89.21 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.15 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.87 413.10 Td (weather) Tj ET Q q 0 0 0 rg BT 152.31 413.10 Td (-related ) Tj ET Q q 0 0 0 rg BT 185.34 413.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 227.84 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 237.56 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.39 413.10 Td (Houston ) Tj ET Q q 0 0 0 rg BT 289.78 413.10 Td (area ) Tj ET Q q 0 0 0 rg BT 308.92 413.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 333.64 413.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 371.14 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 393.07 413.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 435.55 413.10 Td (Harvey) Tj ET Q q 0 0 0 rg BT 464.33 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 469.33 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.16 413.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 504.88 413.10 Td (above.) 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 /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 82.14 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.44 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 128.07 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.26 365.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 180.66 365.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.28 365.10 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.61 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.47 365.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 365.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.51 365.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.81 365.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.81 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.68 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.98 365.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.25 365.10 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.58 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.45 365.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.63 365.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.63 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.49 365.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.79 365.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.79 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.15 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.88 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.29 365.10 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 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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 319.80 244.32 Td (\(56,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 244.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.95 244.27 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 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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 (47) 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 (2017) 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 (2016) 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 (2015) 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 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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 (Y) Tj ET Q q 0 0 0 rg BT 413.67 680.27 Td (ear 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 (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 665.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 665.27 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 650.28 Td (A) Tj ET Q q 0 0 0 rg BT 58.85 650.28 Td (verage net r) Tj ET Q q 0 0 0 rg BT 109.47 650.28 Td (ealized 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 635.27 Td (50.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 635.27 Td (41.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 635.27 Td (47.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 620.27 Td (Natural gas price per Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 620.27 Td (2.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 620.27 Td (1.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 620.27 Td (2.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 605.27 Td (Price per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 605.27 Td (49.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 605.27 Td (39.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 605.27 Td (45.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 590.28 Td (A) Tj ET Q q 0 0 0 rg BT 58.48 590.28 Td (verage NYMEX differ) Tj ET Q q 0 0 0 rg BT 153.26 590.28 Td (entials) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 575.27 Td (Oil per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 575.32 Td (\(0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 575.27 Td (\)) 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 (\(2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 575.27 Td (\)) 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 (\(1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 575.27 Td (\)) 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 (\(0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 560.32 Td (\(0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 560.32 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 560.27 Td (\)) 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 (Prices ) Tj ET Q q 0 0 0 rg BT 94.98 532.10 Td (received ) Tj ET Q q 0 0 0 rg BT 131.89 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.72 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.20 532.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 186.01 532.10 Td (market ) Tj ET Q q 0 0 0 rg BT 216.82 532.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 254.85 532.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 298.99 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.47 532.10 Td (can ) Tj ET Q q 0 0 0 rg BT 333.39 532.10 Td (dif) Tj ET Q q 0 0 0 rg BT 344.32 532.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 358.47 532.10 Td (from ) Tj ET Q q 0 0 0 rg BT 380.95 532.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 420.66 532.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 452.03 532.10 Td (due ) Tj ET Q q 0 0 0 rg BT 469.52 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.34 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.83 532.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 518.63 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.01 532.10 Td (reasons, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.09 520.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 119.57 520.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 147.93 520.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 182.40 520.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 214.92 520.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 239.93 520.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 253.30 520.10 Td (quality) Tj ET Q q 0 0 0 rg BT 280.43 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.74 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.99 520.10 Td (location ) Tj ET Q q 0 0 0 rg BT 338.02 520.10 Td (dif) Tj ET Q q 0 0 0 rg BT 348.94 520.10 Td (ferentials. ) Tj ET Q q 0 0 0 rg BT 391.46 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.27 520.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 412.63 520.10 Td (corporate-wide ) Tj ET Q q 0 0 0 rg BT 475.97 520.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 489.34 520.10 Td (dif) Tj ET Q q 0 0 0 rg BT 500.27 520.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 536.39 520.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 508.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.05 508.10 Td ($0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.55 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.05 508.10 Td (per ) Tj ET Q q 0 0 0 rg BT 130.32 508.10 Td (Bbl ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.27 508.10 Td (below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.71 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.21 508.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 213.37 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 508.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.65 508.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 290.57 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.85 508.10 Td (an ) Tj ET Q q 0 0 0 rg BT 312.79 508.10 Td (average ) Tj ET Q q 0 0 0 rg BT 346.38 508.10 Td (dif) Tj ET Q q 0 0 0 rg BT 357.30 508.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 393.11 508.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.94 508.10 Td ($2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.44 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.94 508.10 Td (per ) Tj ET Q q 0 0 0 rg BT 444.21 508.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 461.16 508.10 Td (below ) Tj ET Q q 0 0 0 rg BT 488.10 508.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 527.26 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.54 508.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.54 508.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 484.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.71 484.10 Td (average ) Tj ET Q q 0 0 0 rg BT 117.45 484.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 155.77 484.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.98 484.10 Td (dif) Tj ET Q q 0 0 0 rg BT 178.91 484.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 213.87 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.31 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.18 484.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 257.16 484.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 281.60 484.10 Td (region ) Tj ET Q q 0 0 0 rg BT 308.80 484.10 Td (was ) Tj ET Q q 0 0 0 rg BT 326.01 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.10 484.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 365.42 484.10 Td ($0.22 ) Tj ET Q q 0 0 0 rg BT 389.58 484.10 Td (per ) Tj ET Q q 0 0 0 rg BT 404.00 484.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 420.10 484.10 Td (during ) Tj ET Q q 0 0 0 rg BT 447.87 484.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 472.02 484.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 513.10 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.53 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.63 484.10 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td ($1.42 ) Tj ET Q q 0 0 0 rg BT 74.36 472.10 Td (per ) Tj ET Q q 0 0 0 rg BT 89.50 472.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 106.31 472.10 Td (during ) Tj ET Q q 0 0 0 rg BT 134.78 472.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 159.64 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.83 472.10 Td (These ) Tj ET Q q 0 0 0 rg BT 188.07 472.10 Td (dif) Tj ET Q q 0 0 0 rg BT 199.00 472.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 238.57 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 253.14 472.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 292.15 472.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 344.50 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 356.87 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.45 472.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 406.02 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.16 472.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 442.40 472.10 Td (received ) Tj ET Q q 0 0 0 rg BT 478.63 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 492.65 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.34 472.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 532.91 472.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 545.83 472.10 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.92 460.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 95.35 460.10 Td (index ) Tj ET Q q 0 0 0 rg BT 120.21 460.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 146.74 460.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 179.37 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.80 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.67 460.10 Td (change ) Tj ET Q q 0 0 0 rg BT 235.63 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.06 460.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 285.38 460.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 314.41 460.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.39 460.10 Td (well ) Tj ET Q q 0 0 0 rg BT 345.25 460.10 Td (as ) Tj ET Q q 0 0 0 rg BT 356.23 460.10 Td (various ) Tj ET Q q 0 0 0 rg BT 388.32 460.10 Td (other ) Tj ET Q q 0 0 0 rg BT 411.52 460.10 Td (price ) Tj ET Q q 0 0 0 rg BT 434.16 460.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 484.58 460.10 Td (such ) Tj ET Q q 0 0 0 rg BT 505.56 460.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.54 460.10 Td (those ) Tj ET Q q 0 0 0 rg BT 540.30 460.10 Td (noted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 78.56 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.06 448.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.29 448.10 Td (average ) Tj ET Q q 0 0 0 rg BT 133.06 448.10 Td (LLS-to-NYMEX ) Tj ET Q q 0 0 0 rg BT 204.63 448.10 Td (dif) Tj ET Q q 0 0 0 rg BT 215.56 448.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 251.56 448.10 Td (\(on ) Tj ET Q q 0 0 0 rg BT 267.57 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.70 448.10 Td (trade-month ) Tj ET Q q 0 0 0 rg BT 326.26 448.10 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 352.27 448.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 391.05 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.17 448.10 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.52 448.10 Td ($2.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.02 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.71 448.10 Td (per ) Tj ET Q q 0 0 0 rg BT 473.17 448.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 490.30 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.43 448.10 Td ($1.70 ) Tj ET Q q 0 0 0 rg BT 532.61 448.10 Td (per ) Tj ET Q q 0 0 0 rg BT 548.07 448.10 Td (Bbl ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (during ) Tj ET Q q 0 0 0 rg BT 77.75 436.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 99.89 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.47 436.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 141.12 436.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 188.78 436.10 Td (. ) Tj ET Q q 0 0 0 rg BT 193.42 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.56 436.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.04 436.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.04 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.68 436.10 Td (we ) Tj ET Q q 0 0 0 rg BT 264.48 436.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 283.29 436.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.20 436.10 Td (65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.53 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.67 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.14 436.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.61 436.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 413.96 436.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 426.66 436.10 Td (at ) Tj ET Q q 0 0 0 rg BT 436.02 436.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 462.04 436.10 Td (based ) Tj ET Q q 0 0 0 rg BT 486.95 436.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 501.59 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 512.07 436.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 547.53 436.10 Td (tied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 62.38 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.21 424.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 97.59 424.10 Td (index ) Tj ET Q q 0 0 0 rg BT 122.41 424.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 147.50 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.54 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.37 424.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 212.50 424.10 Td (at ) Tj ET Q q 0 0 0 rg BT 222.32 424.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 248.81 424.10 Td (based ) Tj ET Q q 0 0 0 rg BT 274.18 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.79 424.10 Td (various ) Tj ET Q q 0 0 0 rg BT 318.83 424.10 Td (other ) Tj ET Q q 0 0 0 rg BT 341.98 424.10 Td (indexes ) Tj ET Q q 0 0 0 rg BT 375.13 424.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 392.73 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.12 424.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 442.39 424.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 471.37 424.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 511.18 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.57 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.39 424.10 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 90.89 412.10 Td (region.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 388.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 106.89 388.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 120.18 388.10 Td (dif) Tj ET Q q 0 0 0 rg BT 131.11 388.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 171.04 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.55 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.49 388.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 225.33 388.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 266.95 388.10 Td (region ) Tj ET Q q 0 0 0 rg BT 295.22 388.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 334.04 388.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.04 388.10 Td (1.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.54 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.27 388.10 Td (per ) Tj ET Q q 0 0 0 rg BT 374.77 388.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 391.94 388.10 Td (below ) Tj ET Q q 0 0 0 rg BT 419.11 388.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 458.51 388.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.34 388.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.34 388.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.57 388.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.73 388.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (an ) Tj ET Q q 0 0 0 rg BT 62.57 376.10 Td (average ) Tj ET Q q 0 0 0 rg BT 97.29 376.10 Td (dif) Tj ET Q q 0 0 0 rg BT 108.22 376.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 145.17 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.13 376.10 Td ($3.97 ) Tj ET Q q 0 0 0 rg BT 183.27 376.10 Td (per ) Tj ET Q q 0 0 0 rg BT 199.67 376.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 217.75 376.10 Td (below ) Tj ET Q q 0 0 0 rg BT 245.83 376.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 286.13 376.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.54 376.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.54 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 323.68 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.31 376.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 340.46 376.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 381.30 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.71 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.56 376.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 438.31 376.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 480.83 376.10 Td (region ) Tj ET Q q 0 0 0 rg BT 510.01 376.10 Td (can ) Tj ET Q q 0 0 0 rg BT 527.52 376.10 Td (fluctuate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 102.16 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 114.82 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.93 364.10 Td (month-to-month ) Tj ET Q q 0 0 0 rg BT 190.14 364.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 212.81 364.10 Td (due ) Tj ET Q q 0 0 0 rg BT 229.92 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.36 364.10 Td (weather) Tj ET Q q 0 0 0 rg BT 271.60 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.77 364.10 Td (refinery ) Tj ET Q q 0 0 0 rg BT 311.08 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.08 364.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 380.29 364.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 409.34 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.45 364.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 466.88 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.98 364.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 504.43 364.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 529.30 364.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 542.53 364.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (index ) Tj ET Q q 0 0 0 rg BT 74.22 352.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 109.68 352.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 99.22 328.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 143.92 328.10 Td (Contracts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 183.93 328.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 304.10 Td (From ) Tj ET Q q 0 0 0 rg BT 92.13 304.10 Td (time ) Tj ET Q q 0 0 0 rg BT 112.86 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.59 304.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 146.82 304.10 Td (we ) Tj ET Q q 0 0 0 rg BT 161.44 304.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 184.38 304.10 Td (into ) Tj ET Q q 0 0 0 rg BT 202.89 304.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.41 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.80 304.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 264.52 304.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 280.81 304.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 323.75 304.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 362.80 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.53 304.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 407.03 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 419.43 304.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 461.26 304.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.09 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.38 304.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.66 304.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.72 304.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.32 292.10 Td (price ) Tj ET Q q 0 0 0 rg BT 119.58 292.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 136.85 292.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 180.22 292.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.27 292.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 246.41 292.10 Td (future ) Tj ET Q q 0 0 0 rg BT 272.56 292.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.39 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.10 292.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 332.13 292.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 347.73 292.10 Td (production ) Tj ET Q q 0 0 0 rg BT 393.33 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.04 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.09 292.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 452.91 292.10 Td (more ) Tj ET Q q 0 0 0 rg BT 475.73 292.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 512.98 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.03 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 292.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.95 280.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 99.49 280.10 Td (These ) Tj ET Q q 0 0 0 rg BT 126.05 280.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 164.83 280.10 Td (have ) Tj ET Q q 0 0 0 rg BT 186.39 280.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 234.06 280.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 273.96 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.97 280.10 Td (price ) Tj ET Q q 0 0 0 rg BT 307.64 280.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 336.15 280.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 367.99 280.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 410.64 280.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 442.48 280.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 489.03 280.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 518.65 280.10 Td (fixed-price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 76.44 268.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 116.70 268.10 Td (with ) Tj ET Q q 0 0 0 rg BT 136.98 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.91 268.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 163.08 268.10 Td (put, ) Tj ET Q q 0 0 0 rg BT 180.86 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.80 268.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 220.30 268.10 Td (swaps.) 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 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 (2017) 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 (2016) 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 (2015) 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 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 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 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 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 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 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 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 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 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 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 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 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 (2017) 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 315.75 630.06 Td (\(26,940) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 630.06 Td (\)) 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 369.75 630.06 Td (\(1) Tj ET Q q 0 0 0 rg BT 377.25 630.06 Td (1,767) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 630.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 630.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.50 630.06 Td (89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 630.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.25 630.06 Td (\(9,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 630.06 Td (\)) 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 531.75 630.06 Td (\(47,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 630.06 Td (\)) 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 318.75 616.06 Td (51,542) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 616.06 Td (22,140) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.75 616.06 Td (\(25,352) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 616.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 616.06 Td (\(78,1) Tj ET Q q 0 0 0 rg BT 496.50 616.06 Td (1) Tj ET Q q 0 0 0 rg BT 501.00 616.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 616.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 616.06 Td (\(29,781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 616.06 Td (\)) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.75 602.06 Td (24,602) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 602.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 602.06 Td (10,373) 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 423.75 602.06 Td (\(25,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 602.06 Td (\)) 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 (\(87,288) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 602.06 Td (\)) 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 531.75 602.06 Td (\(77,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 602.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 573.05 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 559.06 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 559.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.75 559.06 Td (72,227) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 559.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 559.06 Td (52,026) 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 428.25 559.06 Td (\(7,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 559.06 Td (\)) 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 477.75 559.06 Td (\(32,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 559.06 Td (\)) 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 534.75 559.06 Td (84,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 545.06 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 269.95 549.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 545.06 Td (\(95,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 545.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 545.06 Td (\(150,235) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 545.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.75 545.06 Td (28,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 545.06 Td (4,644) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 545.06 Td (\(212,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 545.06 Td (\)) 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 315.75 531.06 Td (\(22,826) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 531.06 Td (\)) 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 (\(98,209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 531.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 531.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.75 531.06 Td (21,224) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 531.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 531.06 Td (\(28,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 531.06 Td (\)) 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 527.25 531.06 Td (\(127,944) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 531.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 502.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 488.06 Td (Receipt on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 488.06 Td (148,465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 488.06 Td (124,151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 488.06 Td (160,677) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 488.06 Td (78,406) 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 530.25 488.06 Td (51) Tj ET Q q 0 0 0 rg BT 539.25 488.06 Td (1,699) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 474.06 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 242.70 478.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 474.06 Td (\(65,389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 474.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 474.06 Td (\(173,077) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 474.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.75 474.06 Td (\(68,649) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 474.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 474.06 Td (\(56,585) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 474.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 474.06 Td (\(363,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 474.06 Td (\)) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.75 460.06 Td (83,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 460.06 Td (\(48,926) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 460.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.75 460.06 Td (92,028) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 460.06 Td (21,821) 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 (147,999) 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 78.55 372.10 Td (order ) Tj ET Q q 0 0 0 rg BT 102.38 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.88 372.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 146.15 372.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.32 372.10 Td (level ) Tj ET Q q 0 0 0 rg BT 175.47 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.53 372.10 Td (price ) Tj ET Q q 0 0 0 rg BT 209.24 372.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 252.50 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.01 372.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.17 372.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 301.78 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.84 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.89 372.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 342.17 372.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 390.72 372.10 Td (we ) Tj ET Q q 0 0 0 rg BT 405.11 372.10 Td (have ) Tj ET Q q 0 0 0 rg BT 426.71 372.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 458.31 372.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.47 372.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 497.08 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.14 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.19 372.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 63.19 360.10 Td (production ) Tj ET Q q 0 0 0 rg BT 109.64 360.10 Td (through ) Tj ET Q q 0 0 0 rg BT 143.88 360.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 167.02 360.10 Td (using ) Tj ET Q q 0 0 0 rg BT 191.82 360.10 Td (both ) Tj ET Q q 0 0 0 rg BT 212.73 360.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 252.52 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.09 360.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 291.00 360.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 338.00 360.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 368.07 360.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 411.18 360.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 440.96 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.53 360.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 481.67 360.10 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 511.74 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.87 360.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.44 360.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 555.01 360.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 360.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.27 348.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 143.13 348.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.58 348.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.74 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.18 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.06 348.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 268.49 348.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 308.37 348.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 354.91 348.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.23 348.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 411.88 348.10 Td (details ) Tj ET Q q 0 0 0 rg BT 440.65 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.64 348.10 Td (our ) Tj ET Q q 0 0 0 rg BT 467.63 348.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 516.96 348.10 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 92.59 336.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.79 336.10 Td (as ) Tj ET Q q 0 0 0 rg BT 143.24 336.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.68 336.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 213.87 336.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.87 336.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.48 336.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 257.03 336.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 289.02 336.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 309.34 336.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.55 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.66 336.10 Td (below ) Tj ET Q q 0 0 0 rg BT 392.21 336.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.98 336.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 450.08 336.10 Td (discussion. ) Tj ET Q q 0 0 0 rg BT 497.36 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.47 336.10 Td (In ) Tj ET Q q 0 0 0 rg BT 511.91 336.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 550.30 336.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (following ) Tj ET Q q 0 0 0 rg BT 90.89 324.10 Td (table ) Tj ET Q q 0 0 0 rg BT 112.82 324.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 163.08 324.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.91 324.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 191.97 324.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 234.45 324.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 273.04 324.10 Td (as ) Tj ET Q q 0 0 0 rg BT 283.88 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.71 324.10 Td (February ) Tj ET Q q 0 0 0 rg BT 333.30 324.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 348.30 324.10 Td (2018:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 298.60 68.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 117.00 298.60 188.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 298.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 369.00 298.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 298.60 64.00 -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 68.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 117.00 284.60 188.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 284.60 64.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 369.00 284.60 64.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 284.60 64.00 -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 49.00 271.60 68.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 117.00 271.60 188.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 271.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 369.00 271.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 271.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 271.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 257.60 68.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 117.00 257.60 188.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 257.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 369.00 257.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 257.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 257.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 215.60 68.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 117.00 215.60 188.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 215.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 369.00 215.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 215.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 215.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 201.60 68.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 117.00 201.60 188.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 305.00 201.60 64.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 369.00 201.60 64.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 201.60 64.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 201.60 65.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 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180.60000000000002 m 433 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 180.60000000000002 m 369 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 180.60000000000002 m 433 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 180.60000000000002 m 497 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 180.60000000000002 m 562 180.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.35 302.83 Td (1H 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.35 302.83 Td (2H 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.35 302.83 Td (1H 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.85 302.83 Td (2H 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.15 288.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 288.85 Td (V) Tj ET Q q 0 0 0 rg BT 124.76 288.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 288.85 Td (15,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 288.85 Td (15,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 288.85 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 52.35 275.85 Td (Fixed-Price Swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 275.85 Td (Swap Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 157.71 279.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 275.85 Td ($50.13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 275.85 Td ($50.13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.50 275.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 275.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.15 261.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 261.85 Td (V) Tj ET Q q 0 0 0 rg BT 124.76 261.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.50 261.85 Td (5,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.50 261.85 Td (5,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.50 261.85 Td (3,500) 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 52.35 247.85 Td (Fixed-Price Swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 247.85 Td (Swap Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 157.71 251.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 247.85 Td ($56.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 247.85 Td ($56.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.50 247.85 Td ($59.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 247.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.45 233.83 Td (Argus LLS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 233.85 Td (V) Tj ET Q q 0 0 0 rg BT 124.76 233.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.50 233.85 Td (5,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.50 233.85 Td (5,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 233.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 233.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.35 219.85 Td (Fixed-Price Swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 219.85 Td (Swap Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 157.71 223.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 219.85 Td ($60.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 219.85 Td ($60.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.50 219.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 219.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.15 205.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 205.85 Td (V) Tj ET Q q 0 0 0 rg BT 124.76 205.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 205.85 Td (15,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 205.85 Td (15,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.50 205.85 Td (5,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 205.85 Td (5,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.35 184.85 Td (3-W) Tj ET Q q 0 0 0 rg BT 73.24 184.85 Td (ay Collars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 184.85 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 239.05 188.48 Td (\(1\)\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.25 192.85 Td ($36.50 / $46.50 /) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 184.85 Td ($53.88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 192.85 Td ($36.50 / $46.50 /) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 184.85 Td ($53.88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 192.85 Td ($47.00 / $55.00 /) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.50 184.85 Td ($65.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 192.85 Td ($47.00 / $55.00 /) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.00 184.85 Td ($65.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 169.85 Td (T) Tj ET Q q 0 0 0 rg BT 124.11 169.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 137.75 169.85 Td (V) Tj ET Q q 0 0 0 rg BT 142.94 169.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 169.85 Td (40,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 169.85 Td (40,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.50 169.85 Td (8,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 169.85 Td (5,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.45 139.83 Td (Argus LLS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 139.85 Td (V) Tj ET Q q 0 0 0 rg BT 124.25 139.85 Td (olumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 139.85 Td (20,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 139.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 139.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 139.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.35 124.85 Td (Basis Swaps ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 100.58 128.48 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.50 124.85 Td (Swap Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 157.71 128.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.50 124.85 Td ($4.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 124.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 124.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 124.85 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 97.10 Td (A) Tj ET Q q 0 0 0 rg BT 73.98 97.10 Td (verages ) Tj ET Q q 0 0 0 rg BT 107.02 97.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.72 97.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 154.22 97.10 Td (weighted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 85.10 Td (If ) Tj ET Q q 0 0 0 rg BT 76.36 85.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 89.12 85.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 115.20 85.10 Td (were ) Tj ET Q q 0 0 0 rg BT 136.83 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.81 85.10 Td (average ) Tj ET Q q 0 0 0 rg BT 180.09 85.10 Td (less ) Tj ET Q q 0 0 0 rg BT 197.29 85.10 Td (than ) Tj ET Q q 0 0 0 rg BT 216.71 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.13 85.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 250.00 85.10 Td (put ) Tj ET Q q 0 0 0 rg BT 264.98 85.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 289.67 85.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 322.96 85.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.16 85.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 378.46 85.10 Td (would ) Tj ET Q q 0 0 0 rg BT 405.66 85.10 Td (be ) Tj ET Q q 0 0 0 rg BT 417.30 85.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 447.83 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.81 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.23 85.10 Td (dif) Tj ET Q q 0 0 0 rg BT 483.16 85.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 514.77 85.10 Td (between ) Tj ET Q q 0 0 0 rg BT 550.29 85.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 73.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 89.44 73.10 Td (price ) Tj ET Q q 0 0 0 rg BT 111.92 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.86 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.58 73.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 162.75 73.10 Td (put ) Tj ET Q q 0 0 0 rg BT 178.03 73.10 Td (price.) Tj ET Q 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 49.50 713.10 Td (\(3\) ) 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 85.62 713.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 108.20 713.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 131.32 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 169.99 713.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 207.56 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.57 713.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 237.70 713.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.27 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.50 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.29 713.10 Td (dif) Tj ET Q q 0 0 0 rg BT 310.22 713.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 346.10 713.10 Td (between ) Tj ET Q q 0 0 0 rg BT 381.43 713.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 391.80 713.10 Td (gus ) Tj ET Q q 0 0 0 rg BT 408.08 713.10 Td (WTI ) Tj ET Q q 0 0 0 rg BT 429.53 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.97 713.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 456.35 713.10 Td (gus ) Tj ET Q q 0 0 0 rg BT 472.81 713.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 493.16 713.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 519.62 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 532.19 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.20 713.10 Td (trade-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (month ) Tj ET Q q 0 0 0 rg BT 95.56 701.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 118.06 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.22 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.93 701.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 178.87 701.10 Td (indicated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 118.12 677.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 160.94 677.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 199.88 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.49 677.10 Td (place ) Tj ET Q q 0 0 0 rg BT 234.43 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.93 677.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 271.77 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.04 677.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 311.88 677.10 Td (include ) Tj ET Q q 0 0 0 rg BT 344.16 677.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 390.86 677.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 420.64 677.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 463.45 677.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 495.45 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.73 677.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 535.57 677.10 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 565.01 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 76.10 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.25 665.10 Td (current ) Tj ET Q q 0 0 0 rg BT 118.73 665.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 156.98 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.92 665.10 Td (place ) Tj ET Q q 0 0 0 rg BT 190.17 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.77 665.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 245.59 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 258.30 665.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 288.23 665.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 314.27 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.75 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.24 665.10 Td (February ) Tj ET Q q 0 0 0 rg BT 373.50 665.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 388.16 665.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 412.82 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 439.41 665.10 Td (average ) Tj ET Q q 0 0 0 rg BT 472.65 665.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 532.57 665.10 Td ($60 ) Tj ET Q q 0 0 0 rg BT 549.73 665.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 65.90 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 79.51 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.67 653.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 136.16 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.44 653.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 170.89 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 184.50 653.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 222.54 653.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 250.58 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.53 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 281.14 653.10 Td (would ) Tj ET Q q 0 0 0 rg BT 308.09 653.10 Td (make ) Tj ET Q q 0 0 0 rg BT 331.69 653.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.41 653.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 391.69 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.96 653.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 461.67 653.10 Td ($105 ) Tj ET Q q 0 0 0 rg BT 483.62 653.10 Td (million ) Tj ET Q q 0 0 0 rg BT 514.46 653.10 Td (during ) Tj ET Q q 0 0 0 rg BT 542.52 653.10 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.78 641.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 115.16 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.77 641.10 Td (these ) Tj ET Q q 0 0 0 rg BT 148.60 641.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 189.48 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.98 641.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 236.25 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.87 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 273.59 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 282.54 641.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 325.91 641.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 348.19 641.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 397.69 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.75 641.10 Td (future ) Tj ET Q q 0 0 0 rg BT 433.91 641.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 472.85 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 485.69 641.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 511.85 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.91 641.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 554.73 641.10 Td (to ) 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 64.43 629.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 91.03 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.07 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 118.12 629.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 164.70 629.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 191.86 629.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.01 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 240.61 629.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 279.98 629.10 Td (average ) Tj ET Q q 0 0 0 rg BT 313.78 629.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 340.37 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.42 629.10 Td ($51.69 ) Tj ET Q q 0 0 0 rg BT 381.63 629.10 Td (per ) Tj ET Q q 0 0 0 rg BT 397.12 629.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 414.28 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.44 629.10 Td ($60.18 ) Tj ET Q q 0 0 0 rg BT 461.65 629.10 Td (per ) Tj ET Q q 0 0 0 rg BT 477.14 629.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 494.30 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 508.68 629.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 548.06 629.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 70.08 617.10 Td (hedges, ) Tj ET Q q 0 0 0 rg BT 103.15 617.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 150.81 617.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.12 617.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 195.57 617.10 Td (average ) Tj ET Q q 0 0 0 rg BT 229.46 617.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 259.48 617.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 286.16 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.29 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 313.42 617.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 356.20 617.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 385.66 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.79 617.10 Td ($53.88 ) Tj ET Q q 0 0 0 rg BT 427.09 617.10 Td (per ) Tj ET Q q 0 0 0 rg BT 442.66 617.10 Td (Bbl, ) Tj ET Q q 0 0 0 rg BT 462.42 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 473.55 617.10 Td (well ) Tj ET Q q 0 0 0 rg BT 493.57 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 504.70 617.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.71 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 617.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 77.90 605.10 Td (between ) Tj ET Q q 0 0 0 rg BT 113.01 605.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 123.39 605.10 Td (gus ) Tj ET Q q 0 0 0 rg BT 139.58 605.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 159.67 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.90 605.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 186.27 605.10 Td (gus ) Tj ET Q q 0 0 0 rg BT 202.30 605.10 Td (WTI, ) Tj ET Q q 0 0 0 rg BT 225.98 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 252.73 605.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 275.03 605.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 297.89 605.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 336.28 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 357.47 605.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 396.43 605.10 Td (average ) Tj ET Q q 0 0 0 rg BT 429.81 605.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 456.00 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.63 605.10 Td ($4.17 ) Tj ET Q q 0 0 0 rg BT 491.44 605.10 Td (per ) Tj ET Q q 0 0 0 rg BT 506.51 605.10 Td (Bbl. ) Tj ET Q q 0 0 0 rg BT 525.76 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.07 605.10 Td (Changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.01 593.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 108.30 593.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 137.41 593.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 180.69 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.76 593.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 233.09 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.26 593.10 Td (new ) Tj ET Q q 0 0 0 rg BT 269.66 593.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 317.95 593.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 356.78 593.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 388.94 593.10 Td (into ) Tj ET Q q 0 0 0 rg BT 407.23 593.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 432.17 593.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 482.12 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.63 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.58 593.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 548.64 593.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.32 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.81 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.30 581.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.01 581.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 159.16 581.10 Td (contracts.Because ) Tj ET Q q 0 0 0 rg BT 239.23 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 254.05 581.10 Td (do ) Tj ET Q q 0 0 0 rg BT 267.21 581.10 Td (not ) Tj ET Q q 0 0 0 rg BT 283.15 581.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 311.30 581.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 338.33 581.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 385.37 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.19 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 416.68 581.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 465.39 581.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 508.53 581.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 550.29 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 117.53 569.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 152.24 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.52 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.23 569.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 193.61 569.10 Td (value ) Tj ET Q q 0 0 0 rg BT 217.77 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.60 569.10 Td (these ) Tj ET Q q 0 0 0 rg BT 251.64 569.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 292.74 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 303.57 569.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 338.84 569.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 367.72 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.42 569.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 428.79 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.07 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.90 569.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 499.61 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.44 569.10 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 98.12 545.10 Td (Expenses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 75.33 521.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 118.94 521.10 Td (Expenses) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 480.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 480.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 450.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 450.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 450.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 450.60 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 358.5 495.6 m 423.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 495.6 m 427.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 495.6 m 492.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 495.6 m 496.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 495.6 m 561.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 480.6 m 354.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 495.6 m 423.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 480.6 m 423.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 495.6 m 492.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 480.6 m 492.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 495.6 m 561.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 480.6 m 561.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 480.6 m 354.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 480.6 m 423.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 480.6 m 492.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 480.6 m 561.5 480.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 500.27 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 500.27 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 485.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 485.31 Td (-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 485.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 485.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 485.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 470.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 470.27 Td (otal lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 470.27 Td (447,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 470.27 Td (414,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 470.27 Td (515,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 440.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 440.27 Td (otal lease operating expenses per BOE ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 214.02 444.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 440.27 Td (20.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 440.27 Td (17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 440.27 Td (19.37) 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 (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 412.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 91.11 412.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 114.30 412.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 155.27 412.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 194.58 412.10 Td (during ) Tj ET Q q 0 0 0 rg BT 223.89 412.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 247.09 412.10 Td (included ) Tj ET Q q 0 0 0 rg BT 284.73 412.10 Td (special ) Tj ET Q q 0 0 0 rg BT 315.70 412.10 Td (items ) Tj ET Q q 0 0 0 rg BT 340.57 412.10 Td (related ) Tj ET Q q 0 0 0 rg BT 370.98 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.97 412.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 423.49 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.13 412.10 Td (other ) Tj ET Q q 0 0 0 rg BT 464.88 412.10 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 531.96 412.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 400.10 Td ($13.7 ) Tj ET Q q 0 0 0 rg BT 92.21 400.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 125.82 400.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.36 400.10 Td ($0.51 ) Tj ET Q q 0 0 0 rg BT 161.08 400.10 Td (per ) Tj ET Q q 0 0 0 rg BT 176.06 400.10 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 200.78 400.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 244.65 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.19 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.84 400.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 324.04 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.91 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.57 400.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 389.53 400.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 415.63 400.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 432.83 400.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 478.93 400.10 Td (\($9.6 ) Tj ET Q q 0 0 0 rg BT 501.98 400.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 536.41 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 553.06 400.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 388.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 108.32 388.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 170.80 388.10 Td (for ) Tj ET Q q 0 0 0 rg BT 184.96 388.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 221.89 388.10 Td (well ) Tj ET Q q 0 0 0 rg BT 241.61 388.10 Td (control ) Tj ET Q q 0 0 0 rg BT 272.44 388.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 294.94 388.10 Td (\($4.1 ) Tj ET Q q 0 0 0 rg BT 318.27 388.10 Td (million\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 364.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 90.74 364.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 113.56 364.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 154.16 364.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 189.21 364.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 364.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 364.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.99 364.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.74 364.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.58 364.10 Td ($32.9 ) Tj ET Q q 0 0 0 rg BT 306.91 364.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.64 364.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.97 364.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.30 364.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 363.96 364.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.13 364.10 Td ($2.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.63 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.47 364.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 364.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.13 364.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 428.29 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.13 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.40 364.10 Td (per) Tj ET Q q 0 0 0 rg BT 460.97 364.10 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 487.14 364.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 512.47 364.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.73 364.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 75.34 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.68 352.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 97.57 352.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 120.90 352.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.00 352.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 201.44 352.10 Td (during ) Tj ET Q q 0 0 0 rg BT 230.89 352.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 254.23 352.10 Td (were ) Tj ET Q q 0 0 0 rg BT 277.00 352.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 317.55 352.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 357.54 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 370.88 352.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 411.98 352.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 451.42 352.10 Td (related ) Tj ET Q q 0 0 0 rg BT 481.96 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.08 352.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.75 352.10 Td (non-operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (working ) Tj ET Q q 0 0 0 rg BT 85.64 340.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.88 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.47 340.10 Td (Salt ) Tj ET Q q 0 0 0 rg BT 146.84 340.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 173.53 340.10 Td (Field, ) Tj ET Q q 0 0 0 rg BT 199.39 340.10 Td (which ) Tj ET Q q 0 0 0 rg BT 226.64 340.10 Td (was ) Tj ET Q q 0 0 0 rg BT 245.00 340.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 282.24 340.10 Td (on ) Tj ET Q q 0 0 0 rg BT 295.05 340.10 Td (June ) Tj ET Q q 0 0 0 rg BT 316.19 340.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 331.50 340.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 356.81 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.06 340.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 414.62 340.10 Td (workover ) Tj ET Q q 0 0 0 rg BT 455.75 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.00 340.10 Td (other ) Tj ET Q q 0 0 0 rg BT 496.36 340.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 522.48 340.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 555.28 340.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.69 328.10 Td (fields, ) Tj ET Q q 0 0 0 rg BT 107.40 328.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.73 328.10 Td (workover ) Tj ET Q q 0 0 0 rg BT 160.04 328.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 193.02 328.10 Td (was ) Tj ET Q q 0 0 0 rg BT 211.56 328.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 264.55 328.10 Td (curtailed ) Tj ET Q q 0 0 0 rg BT 302.52 328.10 Td (during ) Tj ET Q q 0 0 0 rg BT 331.62 328.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 354.61 328.10 Td (due ) Tj ET Q q 0 0 0 rg BT 372.04 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.81 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.02 328.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 423.78 328.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 437.33 328.10 Td (price ) Tj ET Q q 0 0 0 rg BT 460.31 328.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 516.34 328.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.12 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 524.53 328.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 542.52 328.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.59 316.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 124.13 316.10 Td (was ) Tj ET Q q 0 0 0 rg BT 142.01 316.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 181.00 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.10 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.87 316.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 222.97 316.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 251.95 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 264.28 316.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 306.60 316.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 345.03 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.69 316.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 415.78 316.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 428.11 316.10 Td (million ) Tj ET Q q 0 0 0 rg BT 459.33 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.44 316.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 491.77 316.10 Td (related ) Tj ET Q q 0 0 0 rg BT 521.30 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.41 316.10 Td (cleanup ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.88 304.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 91.14 304.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 113.08 304.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 156.12 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 175.84 304.10 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 217.76 304.10 Td (Harvey) Tj ET Q q 0 0 0 rg BT 246.54 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.98 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.36 304.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 316.50 304.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 356.20 304.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 380.65 304.10 Td (including ) Tj ET Q q 0 0 0 rg BT 420.36 304.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 454.51 304.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 477.00 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.38 304.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 510.87 304.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 535.31 304.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.29 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.52 292.10 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 97.75 292.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 117.94 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.95 292.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 141.96 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 158.97 292.10 Td (started ) Tj ET Q q 0 0 0 rg BT 187.64 292.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.42 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.21 292.10 Td (early ) Tj ET Q q 0 0 0 rg BT 259.21 292.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 283.72 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.74 292.10 Td (On ) Tj ET Q q 0 0 0 rg BT 299.97 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 306.42 292.10 Td (per) Tj ET Q q 0 0 0 rg BT 318.99 292.10 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 344.34 292.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 368.85 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.19 292.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 406.19 292.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 445.97 292.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 484.08 292.10 Td (have ) Tj ET Q q 0 0 0 rg BT 504.98 292.10 Td (been ) Tj ET Q q 0 0 0 rg BT 525.87 292.10 Td (impacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (given ) Tj ET Q q 0 0 0 rg BT 73.54 280.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 98.14 280.10 Td (production ) Tj ET Q q 0 0 0 rg BT 143.29 280.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 168.44 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.74 280.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 244.45 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.60 280.10 Td (Salt ) Tj ET Q q 0 0 0 rg BT 271.99 280.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 297.69 280.10 Td (Field, ) Tj ET Q q 0 0 0 rg BT 322.57 280.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.83 280.10 Td (has ) Tj ET Q q 0 0 0 rg BT 363.99 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.25 280.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 397.63 280.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 437.21 280.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 455.15 280.10 Td (than ) Tj ET Q q 0 0 0 rg BT 474.19 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.34 280.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 528.92 280.10 Td (average.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 105.18 256.10 Td (, ) Tj ET Q q 0 0 0 rg BT 110.38 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.41 256.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.31 254.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.56 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.26 256.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 181.17 256.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 224.42 256.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 284.88 256.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 305.92 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.95 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.99 256.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 362.90 256.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 394.48 256.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 417.17 256.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 457.64 256.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 498.94 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.08 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.45 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.37 256.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 254.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.60 244.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.60 244.10 Td (already ) Tj ET Q q 0 0 0 rg BT 130.36 244.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 152.43 244.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 186.44 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.11 244.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.00 242.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.25 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.59 244.10 Td (production ) Tj ET Q q 0 0 0 rg BT 262.25 244.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 303.19 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.97 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.97 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.53 244.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.42 242.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.67 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.01 244.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 403.11 244.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.11 244.10 Td (do ) Tj ET Q q 0 0 0 rg BT 429.45 244.10 Td (not ) Tj ET Q q 0 0 0 rg BT 444.57 244.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 466.63 244.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 500.64 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.31 244.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.98 244.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.59 232.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 73.48 230.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.73 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.48 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 99.68 232.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 129.76 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.96 232.10 Td (working ) Tj ET Q q 0 0 0 rg BT 181.04 232.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.23 232.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 242.87 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.07 232.10 Td (industrial) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 296.84 230.67 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.98 232.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 332.23 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.99 232.10 Td (During ) Tj ET Q q 0 0 0 rg BT 364.07 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.05 232.10 Td (year ) Tj ET Q q 0 0 0 rg BT 397.01 232.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 232.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 480.49 232.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.49 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 504.74 232.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (56% ) Tj ET Q q 0 0 0 rg BT 70.38 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.25 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.01 220.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 109.90 218.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.15 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.70 220.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 148.24 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.56 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.43 220.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 188.33 218.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.58 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.12 220.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 221.67 220.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 261.43 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.30 220.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 286.20 218.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.45 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.99 220.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 321.20 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.18 220.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 377.93 220.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.48 220.10 Td (us ) Tj ET Q q 0 0 0 rg BT 401.92 220.10 Td (\(our ) Tj ET Q q 0 0 0 rg BT 421.12 220.10 Td (net ) Tj ET Q q 0 0 0 rg BT 435.88 220.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 470.07 220.10 Td (interest\). ) Tj ET Q q 0 0 0 rg BT 507.88 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.24 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.34 220.10 Td (price ) Tj ET Q q 0 0 0 rg BT 550.87 220.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.69 208.10 Td (others ) Tj ET Q q 0 0 0 rg BT 93.88 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.28 208.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.18 206.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.43 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.17 208.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 154.80 208.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.55 208.10 Td (source ) Tj ET Q q 0 0 0 rg BT 196.40 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.58 208.10 Td (is ) Tj ET Q q 0 0 0 rg BT 223.00 208.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 262.95 208.10 Td (indexed ) Tj ET Q q 0 0 0 rg BT 297.36 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.89 208.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 321.19 208.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 350.32 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.87 208.10 Td (When ) Tj ET Q q 0 0 0 rg BT 379.49 208.10 Td (combining ) Tj ET Q q 0 0 0 rg BT 425.02 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.98 208.10 Td (production ) Tj ET Q q 0 0 0 rg BT 486.06 208.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 504.91 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.99 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.96 208.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 544.85 206.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.10 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.85 208.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (own ) Tj ET Q q 0 0 0 rg BT 69.48 196.10 Td (with ) Tj ET Q q 0 0 0 rg BT 90.03 196.10 Td (what ) Tj ET Q q 0 0 0 rg BT 112.23 196.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.65 196.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 143.85 196.10 Td (third ) Tj ET Q q 0 0 0 rg BT 165.50 196.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 194.92 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.34 196.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 223.23 194.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.48 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.74 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.84 196.10 Td (average ) Tj ET Q q 0 0 0 rg BT 281.68 196.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 300.56 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.65 196.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 325.54 194.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.79 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.55 196.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.42 196.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.42 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.19 196.10 Td (was ) Tj ET Q q 0 0 0 rg BT 401.50 196.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 462.02 196.10 Td ($0.38 ) Tj ET Q q 0 0 0 rg BT 487.28 196.10 Td (per ) Tj ET Q q 0 0 0 rg BT 502.82 196.10 Td (Mcf, ) Tj ET Q q 0 0 0 rg BT 524.74 196.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.22 184.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 91.61 184.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.79 184.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 117.68 182.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.93 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.11 184.10 Td (production ) Tj ET Q q 0 0 0 rg BT 168.61 184.10 Td (but ) Tj ET Q q 0 0 0 rg BT 183.56 184.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 225.17 184.10 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 267.06 184.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 318.65 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.26 184.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 387.98 184.10 Td (of 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172.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 240.26 172.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.33 172.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.33 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.30 172.10 Td (was ) Tj ET Q q 0 0 0 rg BT 310.81 172.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 353.78 172.10 Td (with ) Tj ET Q q 0 0 0 rg BT 374.52 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.70 172.10 Td ($0.38 ) Tj ET Q q 0 0 0 rg BT 415.17 172.10 Td (per ) Tj ET Q q 0 0 0 rg BT 430.90 172.10 Td (Mcf ) Tj ET Q q 0 0 0 rg BT 450.53 172.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 500.13 172.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 536.41 172.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (2016. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 93.66 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.16 136.10 Td (Plant ) Tj ET Q q 0 0 0 rg BT 135.32 136.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 178.93 136.10 Td 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Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.11 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.61 88.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.55 88.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.55 88.10 Td (, ) Tj ET Q q 0 0 0 rg BT 142.55 88.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 190.21 88.10 Td (.) 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 /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 (axes ) Tj ET Q q 0 0 0 rg BT 74.41 713.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 100.24 713.10 Td (than ) Tj ET Q q 0 0 0 rg BT 120.52 713.10 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 689.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 92.61 689.10 Td (other ) Tj ET Q q 0 0 0 rg BT 115.09 689.10 Td (than ) Tj ET Q q 0 0 0 rg BT 134.24 689.10 Td (income ) Tj ET Q q 0 0 0 rg BT 165.60 689.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 200.86 689.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 248.61 689.10 Td (ad ) Tj ET Q q 0 0 0 rg BT 259.98 689.10 Td (valorem ) Tj ET Q q 0 0 0 rg BT 294.68 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.05 689.10 Td (franchise ) Tj ET Q q 0 0 0 rg BT 349.62 689.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 374.60 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.39 689.10 Td (T) Tj ET Q q 0 0 0 rg BT 381.80 689.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 401.50 689.10 Td (other ) Tj ET Q q 0 0 0 rg BT 423.98 689.10 Td (than ) Tj ET Q q 0 0 0 rg BT 443.13 689.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.49 689.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.25 689.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.18 689.10 Td ($9.3 ) Tj ET Q q 0 0 0 rg BT 533.61 689.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 677.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.16 677.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 76.51 677.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.84 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.84 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.86 677.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.32 677.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.32 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.84 677.10 Td (due ) Tj ET Q q 0 0 0 rg BT 191.30 677.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 230.53 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.33 677.10 Td (an ) Tj ET Q q 0 0 0 rg BT 251.78 677.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 286.56 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.35 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 341.70 677.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 364.26 677.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 401.28 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.73 677.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 450.30 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 462.88 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.33 677.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 509.12 677.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 524.47 677.10 Td (revenues.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (General ) Tj ET Q q 0 0 0 rg BT 85.33 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.02 653.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 166.08 653.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 207.47 653.10 Td (\(G&A\)) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 612.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 612.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 612.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 612.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 582.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 582.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 463.6 m 492.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 461.6 m 492.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 477.6 m 561.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 463.6 m 561.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 461.6 m 561.5 461.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 632.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 632.27 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 632.27 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 617.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 617.31 Td (-BOE data and employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 617.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 617.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 617.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 602.27 Td (Gross cash compensation and administrative costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 602.27 Td (250,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 602.27 Td (271,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 602.27 Td (328,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 587.27 Td (Gross stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 587.27 Td (19,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 587.27 Td (21,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 587.27 Td (39,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 572.27 Td (Operator labor and overhead recovery char) Tj ET Q q 0 0 0 rg BT 223.76 572.27 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 572.32 Td (\(127,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 572.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 572.32 Td (\(133,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 572.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 572.32 Td (\(161,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 572.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 557.27 Td (Capitalized exploration and development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 557.32 Td (\(41,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 557.32 Td (\(48,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 557.32 Td (\(62,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 542.27 Td (Net G&A) Tj ET Q q 0 0 0 rg BT 102.88 542.27 Td ( expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 542.27 Td (101,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 542.27 Td (109,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 542.27 Td (144,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 512.27 Td (G&A) Tj ET Q q 0 0 0 rg BT 73.95 512.27 Td ( per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 512.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 512.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 512.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 497.27 Td (Net administrative costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 497.27 Td (3.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 497.27 Td (4.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 497.27 Td (4.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.27 Td (Net stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 482.27 Td (0.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 482.27 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 482.27 Td (1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 467.27 Td (Net G&A) Tj ET Q q 0 0 0 rg BT 102.61 467.27 Td ( expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 467.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 467.27 Td (4.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 467.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 467.27 Td (4.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 467.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 467.27 Td (5.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 437.27 Td (Employees as of December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 437.27 Td (879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 437.27 Td (1,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 437.27 Td (1,356) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 409.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.31 409.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 108.68 409.10 Td (G&A) Tj ET Q q 0 0 0 rg BT 130.35 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.61 409.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 170.97 409.10 Td (on ) Tj ET Q q 0 0 0 rg BT 183.23 409.10 Td (an ) Tj ET Q q 0 0 0 rg BT 194.93 409.10 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 257.17 409.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.43 409.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.84 409.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 409.10 Td ($21.7 ) Tj ET Q q 0 0 0 rg BT 345.86 409.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.76 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.02 409.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.35 409.10 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.68 409.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 399.27 409.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.84 409.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.84 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.10 409.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 409.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.80 409.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.56 409.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 538.03 409.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.73 409.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 74.84 397.10 Td (employee-related ) Tj ET Q q 0 0 0 rg BT 146.81 397.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 169.38 397.10 Td (such ) Tj ET Q q 0 0 0 rg BT 190.27 397.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.17 397.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 233.72 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.73 397.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 292.73 397.10 Td (incentives.) Tj ET Q q 0 0 0 rg BT 340.22 397.10 Td (As ) Tj ET Q q 0 0 0 rg BT 353.90 397.10 Td (part ) Tj ET Q q 0 0 0 rg BT 372.01 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.91 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.81 397.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 440.81 397.10 Td (ef) Tj ET Q q 0 0 0 rg BT 448.40 397.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 469.30 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.64 397.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 508.85 397.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 548.07 397.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.33 385.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 115.89 385.10 Td (we ) Tj ET Q q 0 0 0 rg BT 130.61 385.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 165.32 385.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.71 385.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 223.65 385.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 267.81 385.10 Td (through ) Tj ET Q q 0 0 0 rg BT 301.98 385.10 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 351.14 385.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 395.30 385.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 440.01 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.86 385.10 Td (each ) Tj ET Q q 0 0 0 rg BT 472.23 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.63 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.91 385.10 Td (last ) Tj ET Q q 0 0 0 rg BT 515.86 385.10 Td (three ) Tj ET Q q 0 0 0 rg BT 538.90 385.10 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.03 373.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 125.66 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.53 373.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.06 373.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 179.92 373.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 224.10 373.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 264.95 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.38 373.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 337.22 373.10 Td (42% ) Tj ET Q q 0 0 0 rg BT 358.65 373.10 Td (from ) Tj ET Q q 0 0 0 rg BT 381.17 373.10 Td (year) Tj ET Q q 0 0 0 rg BT 398.18 373.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 419.04 373.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 442.13 373.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 471.05 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.92 373.10 Td (The ) Tj ET Q q 0 0 0 rg BT 492.55 373.10 Td (severance-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.01 361.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 133.30 361.10 Td (with ) Tj ET Q q 0 0 0 rg BT 153.26 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.67 361.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 189.86 361.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 233.14 361.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 273.09 361.10 Td (were ) Tj ET Q q 0 0 0 rg BT 294.71 361.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 354.65 361.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 374.34 361.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 407.92 361.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 449.54 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.50 361.10 Td ($9.3 ) Tj ET Q q 0 0 0 rg BT 479.19 361.10 Td (million ) Tj ET Q q 0 0 0 rg BT 510.27 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.24 361.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 544.93 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 361.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 70.79 349.10 Td (period ) Tj ET Q q 0 0 0 rg BT 97.63 349.10 Td (was ) Tj ET Q q 0 0 0 rg BT 114.48 349.10 Td (further ) Tj ET Q q 0 0 0 rg BT 142.98 349.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 180.92 349.10 Td (by ) Tj ET Q q 0 0 0 rg BT 192.21 349.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 216.28 349.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 266.45 349.10 Td (services ) Tj ET Q q 0 0 0 rg BT 299.95 349.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 319.84 349.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 354.45 349.10 Td (of) Tj ET Q q 0 0 0 rg BT 362.60 349.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 378.33 349.10 Td (by ) Tj ET Q q 0 0 0 rg BT 389.62 349.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 446.46 349.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 488.85 349.10 Td (with ) Tj ET Q q 0 0 0 rg BT 507.92 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.43 349.10 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 337.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.16 337.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 98.65 337.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 139.46 337.10 Td (of) Tj ET Q q 0 0 0 rg BT 147.61 337.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 165.37 337.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 313.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 83.94 313.10 Td (G&A) Tj ET Q q 0 0 0 rg BT 105.61 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.62 313.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 141.83 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.84 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.28 313.10 Td (per) Tj ET Q q 0 0 0 rg BT 172.85 313.10 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 198.19 313.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 220.19 313.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.61 313.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.94 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.95 313.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.27 313.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.27 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.28 313.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.72 313.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.72 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.73 313.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 411.94 313.10 Td (due ) Tj ET Q q 0 0 0 rg BT 428.39 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.17 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.40 313.10 Td (items ) Tj ET Q q 0 0 0 rg BT 476.07 313.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 520.29 313.10 Td (mentioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 93.50 301.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 118.63 301.10 Td (G&A, ) Tj ET Q q 0 0 0 rg BT 147.37 301.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 184.70 301.10 Td (of) Tj ET Q q 0 0 0 rg BT 192.85 301.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 211.30 301.10 Td (by ) Tj ET Q q 0 0 0 rg BT 225.32 301.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 252.10 301.10 Td (operator ) Tj ET Q q 0 0 0 rg BT 289.43 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.88 301.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 348.54 301.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 387.53 301.10 Td (char) Tj ET Q q 0 0 0 rg BT 404.56 301.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 424.40 301.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 451.19 301.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 498.51 301.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 548.06 301.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 289.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 128.65 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.59 289.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 170.86 289.10 Td (production ) Tj ET Q q 0 0 0 rg BT 216.68 289.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 253.07 289.10 Td (during ) Tj ET Q q 0 0 0 rg BT 281.68 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.39 289.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 318.89 289.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 265.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.34 265.10 Td (well ) Tj ET Q q 0 0 0 rg BT 104.84 265.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.89 265.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 192.71 265.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 217.21 265.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 230.89 265.10 Td (when ) Tj ET Q q 0 0 0 rg BT 254.84 265.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.79 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 283.28 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.78 265.10 Td (operator) Tj ET Q q 0 0 0 rg BT 330.70 265.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.48 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.55 265.10 Td (char) Tj ET Q q 0 0 0 rg BT 362.58 265.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 374.30 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.03 265.10 Td (well ) Tj ET Q q 0 0 0 rg BT 400.53 265.10 Td (with ) Tj ET Q q 0 0 0 rg BT 420.59 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.32 265.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 465.70 265.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 504.63 265.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 521.90 265.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 265.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.05 253.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 105.93 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.47 253.10 Td (also ) Tj ET Q q 0 0 0 rg BT 140.69 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.57 253.10 Td (char) Tj ET Q q 0 0 0 rg BT 167.60 253.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 179.14 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.69 253.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 221.13 253.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 243.78 253.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 282.54 253.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 299.63 253.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.40 253.10 Td (each ) Tj ET Q q 0 0 0 rg BT 333.82 253.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 376.47 253.10 Td (well.In ) Tj ET Q q 0 0 0 rg BT 411.63 253.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 449.01 253.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 481.10 253.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 524.30 253.10 Td (with ) Tj ET Q q 0 0 0 rg BT 544.19 253.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 89.86 241.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.55 241.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 136.14 241.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 172.60 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.42 241.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 205.01 241.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 224.26 241.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 281.29 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.21 241.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 355.90 241.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 377.38 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.31 241.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 447.01 241.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 494.02 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.28 241.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 524.75 241.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.09 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.91 229.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 144.71 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.98 229.10 Td (field ) Tj ET Q q 0 0 0 rg BT 175.80 229.10 Td (development ) Tj ET Q q 0 0 0 rg BT 229.94 229.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 252.43 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.70 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.41 229.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 304.33 229.10 Td (those ) Tj ET Q q 0 0 0 rg BT 327.93 229.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 374.87 229.10 Td (are ) Tj ET Q q 0 0 0 rg BT 389.57 229.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 430.37 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.64 229.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 453.69 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.62 229.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 500.87 229.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 516.70 229.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 100.04 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.98 217.10 Td (development ) Tj ET Q q 0 0 0 rg BT 171.13 217.10 Td (activities.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Interest and Financing Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.47 713.25 Td ( ) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 672.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 632.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 602.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 602.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 602.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 602.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 572.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 572.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 572.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 572.75 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 359 687.75 m 424 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 687.75 m 428 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 687.75 m 493 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 687.75 m 497 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 687.75 m 562 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 672.75 m 355 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 687.75 m 424 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 672.75 m 424 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 687.75 m 428 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 687.75 m 493 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 672.75 m 493 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 687.75 m 497 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 687.75 m 562 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 672.75 m 562 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 672.75 m 424 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 672.75 m 493 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 672.75 m 562 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 602.75 m 424 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 602.75 m 493 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 602.75 m 562 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 602.75 m 424 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 588.75 m 424 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 586.75 m 424 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 602.75 m 493 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 588.75 m 493 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 586.75 m 493 586.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 602.75 m 562 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 588.75 m 562 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 586.75 m 562 586.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 692.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 692.42 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 692.42 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 677.46 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 150.05 677.46 Td (-BOE data and inter) Tj ET Q q 0 0 0 rg BT 231.62 677.46 Td (est rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 677.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 677.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 677.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.42 Td (Cash interest ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 106.93 666.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 662.42 Td (176,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 662.42 Td (170,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 662.42 Td (182,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 647.42 Td (Less: interest on Senior Secured Notes and Convertible Notes not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 637.42 Td (reflected as interest for financial reporting purposes ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 261.58 641.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 637.47 Td (\(52,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 637.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 637.47 Td (\(32,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 637.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 637.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 622.42 Td (Noncash interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 622.42 Td (6,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 622.42 Td (12,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 622.42 Td (9,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.42 Td (Less: capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 607.47 Td (\(30,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 607.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 607.47 Td (\(25,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 607.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 607.47 Td (\(32,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 607.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 592.42 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 592.42 Td (99,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 592.42 Td (125,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 592.42 Td (159,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 577.42 Td (Interest expense, net per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 577.42 Td (4.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 577.42 Td (5.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 577.42 Td (5.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 562.42 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 562.42 Td (verage debt principal outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 562.42 Td (2,892,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 562.42 Td (2,973,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 562.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 562.42 Td (3,481,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 547.42 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 547.42 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 137.54 551.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 547.42 Td (6.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 547.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 547.42 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 547.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 547.42 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 547.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 519.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 90.28 519.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 122.50 519.25 Td (is ) Tj ET Q q 0 0 0 rg BT 131.96 519.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 173.06 519.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.84 519.25 Td (an ) Tj ET Q q 0 0 0 rg BT 198.07 519.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 229.71 519.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 255.00 519.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.22 519.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 308.33 519.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.33 519.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 355.00 519.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.12 519.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 398.34 519.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.12 519.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.24 519.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 450.02 519.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 478.91 519.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 513.90 519.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 542.52 519.25 Td (2022 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 507.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 95.72 507.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 130.04 507.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 155.49 507.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.04 507.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 194.16 507.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 243.48 507.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 271.70 507.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 297.15 507.25 Td (versus ) Tj ET Q q 0 0 0 rg BT 324.81 507.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.15 507.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 366.00 507.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.12 507.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.21 507.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 445.64 507.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 496.63 507.25 Td (in ) Tj ET Q q 0 0 0 rg BT 506.52 507.25 Td (which ) Tj ET Q q 0 0 0 rg BT 533.08 507.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 495.25 Td (on ) Tj ET Q q 0 0 0 rg BT 79.12 495.25 Td (these ) Tj ET Q q 0 0 0 rg BT 101.29 495.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 124.02 495.25 Td (is ) Tj ET Q q 0 0 0 rg BT 132.31 495.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 174.46 495.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.74 495.25 Td (as ) Tj ET Q q 0 0 0 rg BT 197.70 495.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 216.53 495.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.59 495.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.99 495.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 283.58 495.25 Td (as ) Tj ET Q q 0 0 0 rg BT 293.54 495.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.59 495.25 Td (for ) Tj ET Q q 0 0 0 rg BT 337.87 495.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.47 495.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 412.75 495.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 449.92 495.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.32 495.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 505.90 495.25 Td (with ) Tj ET Q q 0 0 0 rg BT 525.30 495.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 483.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 115.98 483.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 157.25 483.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 183.51 483.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 235.33 483.25 Td (470-60, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.98 483.25 Td (T) Tj ET Q q 0 0 0 rg BT 272.99 483.25 Td (r) Tj ET Q q 0 0 0 rg BT 276.51 483.25 Td (oubled ) Tj ET Q q 0 0 0 rg BT 305.56 483.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 326.82 483.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 383.64 483.25 Td (by ) Tj ET Q q 0 0 0 rg BT 394.91 483.25 Td (Debtors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.13 483.25 Td (. ) Tj ET Q q 0 0 0 rg BT 431.46 483.25 Td ( ) Tj ET Q q 0 0 0 rg BT 433.28 483.25 Td (See ) Tj ET Q q 0 0 0 rg BT 449.55 483.25 Td (below ) Tj ET Q q 0 0 0 rg BT 475.81 483.25 Td (for ) Tj ET Q q 0 0 0 rg BT 489.30 483.25 Td (further ) Tj ET Q q 0 0 0 rg BT 518.33 483.25 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 471.25 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 67.50 447.25 Td (As ) Tj ET Q q 0 0 0 rg BT 80.64 447.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 117.63 447.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.43 447.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.67 447.25 Td (table ) Tj ET Q q 0 0 0 rg BT 163.13 447.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 191.53 447.25 Td (net ) Tj ET Q q 0 0 0 rg BT 205.77 447.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 237.22 447.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 271.45 447.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.58 447.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.58 447.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.61 447.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 363.04 447.25 Td (when ) Tj ET Q q 0 0 0 rg BT 386.73 447.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 428.17 447.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.98 447.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.98 447.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.00 447.25 Td (due ) Tj ET Q q 0 0 0 rg BT 476.46 447.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 515.70 447.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.50 447.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.74 447.25 Td (series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.25 Td (of ) Tj ET Q q 0 0 0 rg BT 62.01 435.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 103.94 435.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 155.88 435.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 201.71 435.25 Td (during ) Tj ET Q q 0 0 0 rg BT 231.99 435.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 256.17 435.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.78 435.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 298.96 435.25 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 319.23 435.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 353.42 435.25 Td (Resour) Tj ET Q q 0 0 0 rg BT 381.38 435.25 Td (ces ) Tj ET Q q 0 0 0 rg BT 398.32 435.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.50 435.25 Td (Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.61 435.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 457.79 435.25 Td ( ) Tj ET Q q 0 0 0 rg BT 466.96 435.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 498.34 435.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 521.96 435.25 Td (Reduction ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 423.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 423.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.18 423.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 110.56 423.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.33 423.25 Td (As ) Tj ET Q q 0 0 0 rg BT 127.99 423.25 Td (more ) Tj ET Q q 0 0 0 rg BT 152.09 423.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 174.52 423.25 Td (described ) Tj ET Q q 0 0 0 rg BT 216.39 423.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.72 423.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 250.70 423.25 Td (5, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 261.75 423.25 Td (Long-T) Tj ET Q q 0 0 0 rg BT 290.29 423.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 309.39 423.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.83 423.25 Td (, ) Tj ET Q q 0 0 0 rg BT 334.88 423.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.21 423.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.97 423.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 418.30 423.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 459.06 423.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 508.99 423.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.76 423.25 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.12 411.25 Td (were ) Tj ET Q q 0 0 0 rg BT 122.41 411.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 165.79 411.25 Td (for ) Tj ET Q q 0 0 0 rg BT 180.31 411.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.95 411.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 238.76 411.25 Td (with ) Tj ET Q q 0 0 0 rg BT 259.40 411.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 298.84 411.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 348.35 411.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 390.64 411.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 417.94 411.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 470.78 411.25 Td (470-60, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 504.47 411.25 Td (T) Tj ET Q q 0 0 0 rg BT 509.48 411.25 Td (r) Tj ET Q q 0 0 0 rg BT 513.00 411.25 Td (oubled ) Tj ET Q q 0 0 0 rg BT 543.07 411.25 Td (Debt ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 399.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 106.30 399.25 Td (by ) Tj ET Q q 0 0 0 rg BT 117.55 399.25 Td (Debtors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.77 399.25 Td (, ) Tj ET Q q 0 0 0 rg BT 154.08 399.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 190.32 399.25 Td (most ) Tj ET Q q 0 0 0 rg BT 211.58 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.72 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.74 399.25 Td (future ) Tj ET Q q 0 0 0 rg BT 261.43 399.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 292.67 399.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 335.57 399.25 Td (with ) Tj ET Q q 0 0 0 rg BT 355.16 399.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.19 399.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 391.00 399.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 418.91 399.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 452.93 399.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 480.57 399.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 502.38 399.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.30 399.25 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.61 387.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.83 387.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 115.62 387.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 165.61 387.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 194.50 387.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 220.62 387.25 Td (was ) Tj ET Q q 0 0 0 rg BT 238.95 387.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 276.71 387.25 Td (as ) Tj ET Q q 0 0 0 rg BT 287.83 387.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 307.83 387.25 Td (as ) Tj ET Q q 0 0 0 rg BT 318.94 387.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.05 387.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.05 387.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 391.71 387.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 413.65 387.25 Td (which ) Tj ET Q q 0 0 0 rg BT 440.87 387.25 Td (will ) Tj ET Q q 0 0 0 rg BT 459.21 387.25 Td (be ) Tj ET Q q 0 0 0 rg BT 471.43 387.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 505.86 387.25 Td (as ) Tj ET Q q 0 0 0 rg BT 516.97 387.25 Td (semiannual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.54 375.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 122.47 375.25 Td (are ) Tj ET Q q 0 0 0 rg BT 137.29 375.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 164.05 375.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.66 375.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 195.37 375.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 227.42 375.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 261.12 375.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 298.70 375.25 Td (as ) Tj ET Q q 0 0 0 rg BT 309.64 375.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 329.46 375.25 Td (totaled ) Tj ET Q q 0 0 0 rg BT 359.28 375.25 Td ($316.8 ) Tj ET Q q 0 0 0 rg BT 389.39 375.25 Td (million ) Tj ET Q q 0 0 0 rg BT 420.89 375.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.93 375.25 Td ($228.8 ) Tj ET Q q 0 0 0 rg BT 468.04 375.25 Td (million ) Tj ET Q q 0 0 0 rg BT 499.54 375.25 Td (as ) Tj ET Q q 0 0 0 rg BT 510.48 375.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.41 375.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.54 363.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 89.08 363.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.06 363.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 133.09 363.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 180.76 363.25 Td (. ) Tj ET Q q 0 0 0 rg BT 186.79 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.08 363.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 235.53 363.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 268.50 363.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 304.25 363.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 342.76 363.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.08 363.25 Td (our ) Tj ET Q q 0 0 0 rg BT 370.95 363.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 427.26 363.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 474.68 363.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.55 363.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 533.96 363.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 363.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 101.85 351.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 126.99 351.25 Td (than ) Tj ET Q q 0 0 0 rg BT 146.57 351.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.15 351.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 187.39 351.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 207.52 351.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.32 351.25 Td (payment. ) Tj ET Q q 0 0 0 rg BT 278.62 351.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.98 351.25 Td (For ) Tj ET Q q 0 0 0 rg BT 297.24 351.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 335.98 351.25 Td (during ) Tj ET Q q 0 0 0 rg BT 364.45 351.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 389.31 351.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 449.44 351.25 Td ($80.9 ) Tj ET Q q 0 0 0 rg BT 474.30 351.25 Td (million ) Tj ET Q q 0 0 0 rg BT 505.56 351.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.25 351.25 Td (this ) Tj ET Q q 0 0 0 rg BT 533.07 351.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 91.39 339.25 Td (for ) Tj ET Q q 0 0 0 rg BT 104.41 339.25 Td (as ) Tj ET Q q 0 0 0 rg BT 114.09 339.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 132.67 339.25 Td (is ) Tj ET Q q 0 0 0 rg BT 140.70 339.25 Td (due ) Tj ET Q q 0 0 0 rg BT 156.49 339.25 Td (within ) Tj ET Q q 0 0 0 rg BT 183.41 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.98 339.25 Td (next ) Tj ET Q q 0 0 0 rg BT 215.55 339.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 226.91 339.25 Td (months, ) Tj ET Q q 0 0 0 rg BT 260.22 339.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.01 339.25 Td (will ) Tj ET Q q 0 0 0 rg BT 292.93 339.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 330.37 339.25 Td (not ) Tj ET Q q 0 0 0 rg BT 344.50 339.25 Td (be ) Tj ET Q q 0 0 0 rg BT 355.30 339.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 391.63 339.25 Td (as ) Tj ET Q q 0 0 0 rg BT 401.32 339.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 432.11 339.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 465.67 339.25 Td (in ) Tj ET Q q 0 0 0 rg BT 474.81 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.38 339.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 509.74 339.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 327.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 327.25 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 303.25 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 104.53 303.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 136.00 303.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 170.25 303.25 Td (during ) Tj ET Q q 0 0 0 rg BT 198.40 303.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 220.44 303.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 261.89 303.25 Td (when ) Tj ET Q q 0 0 0 rg BT 285.59 303.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 327.06 303.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.88 303.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 358.35 303.25 Td (year ) Tj ET Q q 0 0 0 rg BT 377.60 303.25 Td (due ) Tj ET Q q 0 0 0 rg BT 394.08 303.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.90 303.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.16 303.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 440.20 303.25 Td (period ) Tj ET Q q 0 0 0 rg BT 467.78 303.25 Td (including ) Tj ET Q q 0 0 0 rg BT 507.60 303.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.07 303.25 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 533.61 303.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.25 Td (write-of) Tj ET Q q 0 0 0 rg BT 81.53 291.25 Td (f ) Tj ET Q q 0 0 0 rg BT 87.05 291.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.58 291.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 117.00 291.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 153.07 291.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 175.27 291.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 218.56 291.25 Td (with ) Tj ET Q q 0 0 0 rg BT 238.53 291.25 Td (our ) Tj ET Q q 0 0 0 rg BT 254.06 291.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 280.70 291.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 313.43 291.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 335.07 291.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 360.03 291.25 Td (facility) Tj ET Q q 0 0 0 rg BT 387.70 291.25 Td (. ) Tj ET Q q 0 0 0 rg BT 392.40 291.25 Td ( ) Tj ET Q q 0 0 0 rg BT 394.59 291.25 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 442.33 291.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.96 291.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.71 291.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.91 291.25 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 533.61 291.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 291.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 279.25 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.16 279.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 76.99 279.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.60 279.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.60 279.25 Td (, ) Tj ET Q q 0 0 0 rg BT 130.60 279.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 170.31 279.25 Td (due ) Tj ET Q q 0 0 0 rg BT 187.25 279.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.53 279.25 Td (an ) Tj ET Q q 0 0 0 rg BT 209.47 279.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 244.72 279.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.00 279.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.71 279.25 Td (number ) Tj ET Q q 0 0 0 rg BT 302.76 279.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.59 279.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 347.75 279.25 Td (that ) Tj ET Q q 0 0 0 rg BT 365.24 279.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 396.07 279.25 Td (for ) Tj ET Q q 0 0 0 rg BT 410.23 279.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 442.16 279.25 Td (capitalization.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 94.50 713.25 Td (Depreciation, ) Tj ET Q q 0 0 0 rg BT 152.82 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.51 713.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 226.92 713.25 Td (\(DD&A\)) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 672.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 672.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 642.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 642.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 642.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 642.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 612.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 612.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 582.75 305.00 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 687.75 m 492.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 672.75 m 492.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 687.75 m 496.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 687.75 m 561.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 672.75 m 561.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 672.75 m 423.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 672.75 m 492.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 672.75 m 561.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 627.75 m 423.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 627.75 m 492.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.75 m 561.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 627.75 m 423.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 613.75 m 423.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 611.75 m 423.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 627.75 m 492.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 613.75 m 492.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 611.75 m 492.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.75 m 561.5 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 613.75 m 561.5 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 611.75 m 561.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 537.75 m 423.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 537.75 m 492.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 537.75 m 561.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 537.75 m 423.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 523.75 m 423.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 521.75 m 423.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 537.75 m 492.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 523.75 m 492.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 521.75 m 492.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 537.75 m 561.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 523.75 m 561.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 521.75 m 561.5 521.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 692.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 692.42 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 692.42 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 677.46 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 677.46 Td (-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 677.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 677.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 677.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 662.42 Td (Oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 662.42 Td (1) Tj ET Q q 0 0 0 rg BT 392.15 662.42 Td (18,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 662.42 Td (149,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 662.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 662.42 Td (412,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 647.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 65.89 645.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.14 647.42 Td ( properties, pipelines, plants and other property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 647.42 Td (88,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 647.42 Td (105,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 647.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.15 647.42 Td (18,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 632.42 Td (Accelerated depreciation char) Tj ET Q q 0 0 0 rg BT 171.18 632.42 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 183.12 636.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 632.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 632.42 Td (591,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 632.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 617.42 Td (T) Tj ET Q q 0 0 0 rg BT 69.76 617.42 Td (otal DD&A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 617.42 Td (207,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 617.42 Td (846,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 617.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 617.42 Td (531,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 587.42 Td (DD&A) Tj ET Q q 0 0 0 rg BT 81.17 587.42 Td ( per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 587.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 587.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 587.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 572.42 Td (Oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 572.42 Td (5.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 572.42 Td (6.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 572.42 Td (15.53) 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 (4.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 557.42 Td (4.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 557.42 Td (4.46) 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 409.65 542.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 542.42 Td (25.23) 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 (T) Tj ET Q q 0 0 0 rg BT 81.41 527.42 Td (otal DD&A) Tj ET Q q 0 0 0 rg BT 127.80 527.42 Td ( per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 527.42 Td (9.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 527.42 Td (36.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 527.42 Td (19.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 497.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.04 497.42 Td (rite-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 497.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 497.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 497.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 497.42 Td (810,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 497.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 497.42 Td (4,939,600) 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 113.88 481.25 Td (an ) Tj ET Q q 0 0 0 rg BT 125.82 481.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 173.27 481.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 225.19 481.25 Td (char) Tj ET Q q 0 0 0 rg BT 242.22 481.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 254.16 481.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 297.75 481.25 Td (with ) Tj ET Q q 0 0 0 rg BT 318.03 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.74 481.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 356.91 481.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 383.30 481.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 399.13 481.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 444.39 481.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 475.21 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.15 481.25 Td (related ) Tj ET Q q 0 0 0 rg BT 521.86 481.25 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 457.25 Td (The ) Tj ET Q q 0 0 0 rg BT 86.36 457.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 124.09 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.18 457.25 Td (our ) Tj ET Q q 0 0 0 rg BT 151.82 457.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 165.69 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.44 457.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.52 457.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 231.16 457.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 274.46 457.25 Td (depletion ) Tj ET Q q 0 0 0 rg BT 314.99 457.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.41 457.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.41 457.25 Td ( ) Tj ET Q q 0 0 0 rg BT 367.72 457.25 Td (when ) Tj ET Q q 0 0 0 rg BT 392.69 457.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 435.43 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.52 457.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 469.83 457.25 Td (was ) Tj ET Q q 0 0 0 rg BT 488.70 457.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 529.22 457.25 Td (due ) Tj ET Q q 0 0 0 rg BT 546.98 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 558.07 457.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 89.17 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.85 445.25 Td (depletable ) Tj ET Q q 0 0 0 rg BT 141.84 445.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 163.75 445.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 206.75 445.25 Td (with ) Tj ET Q q 0 0 0 rg BT 226.43 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 241.66 445.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 276.33 445.25 Td (base ) Tj ET Q q 0 0 0 rg BT 296.00 445.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 332.90 445.25 Td (from ) Tj ET Q q 0 0 0 rg BT 354.24 445.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.36 445.25 Td (full ) Tj ET Q q 0 0 0 rg BT 384.15 445.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 402.17 445.25 Td (pool ) Tj ET Q q 0 0 0 rg BT 421.85 445.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 450.96 445.25 Td (test ) Tj ET Q q 0 0 0 rg BT 466.76 445.25 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 518.65 445.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.09 433.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 100.57 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.49 433.25 Td (an ) Tj ET Q q 0 0 0 rg BT 129.40 433.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 159.65 433.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 199.89 433.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.15 433.25 Td (future ) Tj ET Q q 0 0 0 rg BT 236.50 433.25 Td (development ) Tj ET Q q 0 0 0 rg BT 290.63 433.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 315.61 433.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.91 433.25 Td (The ) Tj ET Q q 0 0 0 rg BT 335.94 433.25 Td (per) Tj ET Q q 0 0 0 rg BT 348.51 433.25 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 374.32 433.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 411.21 433.25 Td (was ) Tj ET Q q 0 0 0 rg BT 429.24 433.25 Td (also ) Tj ET Q q 0 0 0 rg BT 447.83 433.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 483.63 433.25 Td (of) Tj ET Q q 0 0 0 rg BT 491.78 433.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 508.70 433.25 Td (by ) Tj ET Q q 0 0 0 rg BT 521.18 433.25 Td (a ) Tj ET Q q 0 0 0 rg BT 528.10 433.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.42 421.25 Td (production ) Tj ET Q q 0 0 0 rg BT 104.89 421.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 140.92 421.25 Td (during ) Tj ET Q q 0 0 0 rg BT 169.17 421.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 191.31 421.25 Td (when ) Tj ET Q q 0 0 0 rg BT 215.11 421.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 256.68 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.60 421.25 Td (production ) Tj ET Q q 0 0 0 rg BT 312.07 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.99 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.35 421.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 358.49 421.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 388.68 421.25 Td ( ) Tj ET Q q 0 0 0 rg BT 390.82 421.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 408.52 421.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 421.22 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.80 421.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 467.71 421.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 483.18 421.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 525.31 421.25 Td (depletion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.99 409.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.04 409.25 Td ($5.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.54 409.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.04 409.25 Td (per ) Tj ET Q q 0 0 0 rg BT 125.31 409.25 Td (BOE ) Tj ET Q q 0 0 0 rg BT 147.81 409.25 Td (during ) Tj ET Q q 0 0 0 rg BT 176.41 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.13 409.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 218.07 409.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 248.88 409.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.71 409.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.71 409.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 385.25 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 109.65 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.81 385.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 178.94 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.99 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.04 385.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.93 383.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.94 385.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 270.15 385.25 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 311.47 385.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 338.07 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.23 385.25 Td (other ) Tj ET Q q 0 0 0 rg BT 378.49 385.25 Td (property ) Tj ET Q q 0 0 0 rg BT 415.09 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.24 385.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 477.17 385.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.30 385.25 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.63 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 540.35 385.25 Td (on ) Tj ET Q q 0 0 0 rg BT 553.07 385.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.25 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 113.19 373.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 136.90 373.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.72 373.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.72 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.43 373.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.58 373.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.58 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.29 373.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 266.83 373.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 307.75 373.25 Td (due ) Tj ET Q q 0 0 0 rg BT 325.90 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.39 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 345.54 373.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 383.67 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.15 373.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 418.86 373.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 471.99 373.25 Td (due ) Tj ET Q q 0 0 0 rg BT 490.14 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.63 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.56 373.25 Td (accelerated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.42 361.25 Td (char) Tj ET Q q 0 0 0 rg BT 118.45 361.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 130.38 361.25 Td (at ) Tj ET Q q 0 0 0 rg BT 140.10 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.82 361.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 178.98 361.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 205.37 361.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 221.20 361.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 266.47 361.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 297.29 361.25 Td (during ) Tj ET Q q 0 0 0 rg BT 325.90 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.61 361.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 367.55 361.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 398.37 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.20 361.25 Td (2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.28 337.25 Td (rite-Down ) Tj ET Q q 0 0 0 rg BT 100.89 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.17 337.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 126.44 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.94 337.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 177.56 337.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 196.17 337.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 205.80 337.25 Td (operties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.02 337.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 313.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.63 313.25 Td (full ) Tj ET Q q 0 0 0 rg BT 110.66 313.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 128.91 313.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 174.92 313.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 199.00 313.25 Td (we ) Tj ET Q q 0 0 0 rg BT 212.80 313.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.14 313.25 Td (required ) Tj ET Q q 0 0 0 rg BT 262.60 313.25 Td (each ) Tj ET Q q 0 0 0 rg BT 283.06 313.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 313.51 313.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.43 313.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 357.78 313.25 Td (a ) Tj ET Q q 0 0 0 rg BT 364.35 313.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 393.71 313.25 Td (test ) Tj ET Q q 0 0 0 rg BT 409.73 313.25 Td (calculation. ) Tj ET Q q 0 0 0 rg BT 458.24 313.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.38 313.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 487.51 313.25 Td (these ) Tj ET Q q 0 0 0 rg BT 510.20 313.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 534.28 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.63 313.25 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.44 301.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 96.49 301.25 Td (value ) Tj ET Q q 0 0 0 rg BT 119.98 301.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.49 301.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 170.85 301.25 Td (using ) Tj ET Q q 0 0 0 rg BT 194.35 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.40 301.25 Td (average ) Tj ET Q q 0 0 0 rg BT 241.32 301.25 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 333.13 301.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 345.52 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.79 301.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 391.39 301.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 406.56 301.25 Td (price ) Tj ET Q q 0 0 0 rg BT 428.38 301.25 Td (for ) Tj ET Q q 0 0 0 rg BT 441.87 301.25 Td (each ) Tj ET Q q 0 0 0 rg BT 462.02 301.25 Td (month ) Tj ET Q q 0 0 0 rg BT 489.42 301.25 Td (during ) Tj ET Q q 0 0 0 rg BT 517.36 301.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.63 301.25 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (rolling ) Tj ET Q q 0 0 0 rg BT 77.66 289.25 Td (period ) Tj ET Q q 0 0 0 rg BT 104.70 289.25 Td (through ) Tj ET Q q 0 0 0 rg BT 137.30 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.00 289.25 Td (end ) Tj ET Q q 0 0 0 rg BT 166.93 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.76 289.25 Td (each ) Tj ET Q q 0 0 0 rg BT 196.56 289.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 234.15 289.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 272.30 289.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 301.83 289.25 Td ( ) Tj ET Q q 0 0 0 rg BT 303.22 289.25 Td (The ) Tj ET Q q 0 0 0 rg BT 320.26 289.25 Td (falling ) Tj ET Q q 0 0 0 rg BT 347.85 289.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 373.22 289.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 418.60 289.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 440.09 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.02 289.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 477.51 289.25 Td (led ) Tj ET Q q 0 0 0 rg BT 491.22 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.49 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 515.31 289.25 Td (recognizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (full ) Tj ET Q q 0 0 0 rg BT 66.26 277.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 85.25 277.25 Td (pool ) Tj ET Q q 0 0 0 rg BT 105.90 277.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 135.99 277.25 Td (test ) Tj ET Q q 0 0 0 rg BT 152.75 277.25 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 205.62 277.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.05 277.25 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 269.42 277.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.31 277.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.19 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.50 277.25 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 338.88 277.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 367.87 277.25 Td (during ) Tj ET Q q 0 0 0 rg BT 396.85 277.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 419.73 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.04 277.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 462.42 277.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 510.08 277.25 Td (. ) Tj ET Q q 0 0 0 rg BT 515.46 277.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.13 277.25 Td (W) Tj ET Q q 0 0 0 rg BT 526.76 277.25 Td (e ) Tj ET Q q 0 0 0 rg BT 534.08 277.25 Td (did ) Tj ET Q q 0 0 0 rg BT 549.73 277.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.25 Td (record ) Tj ET Q q 0 0 0 rg BT 77.05 265.25 Td (any ) Tj ET Q q 0 0 0 rg BT 93.50 265.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 122.72 265.25 Td (test ) Tj ET Q q 0 0 0 rg BT 138.62 265.25 Td (write-down ) Tj ET Q q 0 0 0 rg BT 186.73 265.25 Td (during ) Tj ET Q q 0 0 0 rg BT 214.85 265.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 239.36 265.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.37 265.25 Td (See ) Tj ET Q q 0 0 0 rg BT 257.82 265.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 278.15 265.25 Td (1A, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 294.88 265.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 314.11 265.25 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.22 265.25 Td (, ) Tj ET Q q 0 0 0 rg BT 349.73 265.25 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.18 265.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 399.16 265.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 446.71 265.25 Td (Policies ) Tj ET Q q 0 0 0 rg BT 480.93 265.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.95 265.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 538.84 265.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.84 265.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 545.85 265.25 Td (Full ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 253.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.34 253.25 Td (Method ) Tj ET Q q 0 0 0 rg BT 103.39 253.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.48 253.25 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 164.03 253.25 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 205.96 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.46 253.25 Td (Depr) Tj ET Q q 0 0 0 rg BT 243.64 253.25 Td (eciation ) Tj ET Q q 0 0 0 rg BT 278.35 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.85 253.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 311.13 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.63 253.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 362.25 253.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 380.86 253.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 390.49 253.25 Td (operties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.21 253.25 Td (for ) Tj ET Q q 0 0 0 rg BT 439.37 253.25 Td (further ) Tj ET Q q 0 0 0 rg BT 469.08 253.25 Td (discussion.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (Other Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 205.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 91.88 205.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 129.60 205.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.43 205.25 Td ($7.0 ) Tj ET Q q 0 0 0 rg BT 177.54 205.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.44 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.05 205.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 205.25 Td ($37.4 ) Tj ET Q q 0 0 0 rg BT 248.22 205.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.11 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.73 205.25 Td (during ) Tj ET Q q 0 0 0 rg BT 306.46 205.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 328.07 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.13 205.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 368.24 205.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 415.90 205.25 Td (. ) Tj ET Q q 0 0 0 rg BT 420.02 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 421.64 205.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 446.02 205.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 483.74 205.25 Td (during ) Tj ET Q q 0 0 0 rg BT 511.46 205.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 533.08 205.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.61 193.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 119.84 193.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 164.17 193.25 Td (with ) Tj ET Q q 0 0 0 rg BT 185.19 193.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.76 193.25 Td (privately ) Tj ET Q q 0 0 0 rg BT 240.53 193.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 285.42 193.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 305.87 193.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 350.76 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.77 193.25 Td (December ) Tj ET Q q 0 0 0 rg BT 406.09 193.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 431.83 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.50 193.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 472.74 193.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 509.86 193.25 Td (are ) Tj ET Q q 0 0 0 rg BT 525.30 193.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 93.74 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.66 181.25 Td (a ) Tj ET Q q 0 0 0 rg BT 111.68 181.25 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 136.77 181.25 Td (million ) Tj ET Q q 0 0 0 rg BT 168.24 181.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.60 181.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 225.62 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.98 181.25 Td (Evolution ) Tj ET Q q 0 0 0 rg BT 278.01 181.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 321.70 181.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 372.61 181.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 409.63 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.00 181.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.02 181.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 470.70 181.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 514.93 181.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.94 181.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 169.25 Td (June ) Tj ET Q q 0 0 0 rg BT 80.61 169.25 Td (2016.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.11 701.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.30 701.10 Td (axes) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 660.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 660.60 4.00 -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 49.50 630.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 630.60 4.00 -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 49.50 600.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 600.60 4.00 -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 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 49.5 660.6 m 354.5 660.6 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 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 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 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 496.5 660.6 m 561.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 660.6 m 354.5 660.6 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 427.5 660.6 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 496.5 660.6 m 561.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 630.6 m 423.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 630.6 m 492.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 630.6 m 561.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 630.6 m 423.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 616.6 m 423.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 614.6 m 423.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 630.6 m 492.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 616.6 m 492.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 614.6 m 492.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 630.6 m 561.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 616.6 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 496.5 614.6 m 561.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 614.6 m 423.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 616.6 m 423.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 614.6 m 492.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 616.6 m 492.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 614.6 m 561.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 616.6 m 561.5 616.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.50 680.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 680.27 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 680.27 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 665.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 665.31 Td (-BOE amounts and tax rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 665.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 665.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 665.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 650.27 Td (Current income tax benefit) 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 380.45 650.27 Td (\(20,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 650.27 Td (\)) 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 465.30 650.32 Td (\(785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 650.27 Td (\)) 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 526.80 650.32 Td (\(8,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 650.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 635.27 Td (Deferred income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.45 635.27 Td (\(95,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 635.32 Td (\(543,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 635.32 Td (\(1,932,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 620.27 Td (T) Tj ET Q q 0 0 0 rg BT 69.41 620.27 Td (otal income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.45 620.27 Td (\(1) Tj ET Q q 0 0 0 rg BT 383.78 620.27 Td (16,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 620.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 620.32 Td (\(544,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 620.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 620.32 Td (\(1,940,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 620.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 605.27 Td (A) Tj ET Q q 0 0 0 rg BT 58.85 605.27 Td (verage income tax benefit per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.45 605.27 Td (\(5.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 605.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 605.32 Td (\(23.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 605.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 605.32 Td (\(72.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 605.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 590.27 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.35 590.27 Td (fective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.45 590.27 Td (\(250.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 590.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 590.27 Td (35.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 590.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 590.27 Td (30.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 590.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 575.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 575.27 Td (otal net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.75 575.27 Td (198,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 575.27 Td (293,878) 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 520.15 575.27 Td (852,089) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 547.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.81 547.10 Td (income ) Tj ET Q q 0 0 0 rg BT 118.00 547.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.97 547.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 177.40 547.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.81 547.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 217.07 547.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 239.83 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.02 547.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 279.78 547.10 Td (were ) Tj ET Q q 0 0 0 rg BT 301.96 547.10 Td (based ) Tj ET Q q 0 0 0 rg BT 327.49 547.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.24 547.10 Td (an ) Tj ET Q q 0 0 0 rg BT 352.44 547.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 393.52 547.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 431.27 547.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 449.01 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.10 547.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 520.61 547.10 Td (38%. ) Tj ET Q q 0 0 0 rg BT 544.20 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 547.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 535.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.75 535.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.43 535.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 118.88 535.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.01 535.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 155.47 535.10 Td (was ) Tj ET Q q 0 0 0 rg BT 173.48 535.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 198.72 535.10 Td (than ) Tj ET Q q 0 0 0 rg BT 218.40 535.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.19 535.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 274.97 535.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 312.43 535.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 329.88 535.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 369.56 535.10 Td (due ) Tj ET Q q 0 0 0 rg BT 386.46 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.70 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.60 535.10 Td (one-time ) Tj ET Q q 0 0 0 rg BT 441.61 535.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 477.38 535.10 Td (income ) Tj ET Q q 0 0 0 rg BT 509.27 535.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.95 535.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 554.18 535.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td ($132.2 ) Tj ET Q q 0 0 0 rg BT 79.51 523.10 Td (million ) Tj ET Q q 0 0 0 rg BT 110.90 523.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 151.72 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.44 523.10 Td (re-measurement ) Tj ET Q q 0 0 0 rg BT 233.36 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.20 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.03 523.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 295.84 523.10 Td (income ) Tj ET Q q 0 0 0 rg BT 327.78 523.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.51 523.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.34 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.29 523.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 425.01 523.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 462.51 523.10 Td (from ) Tj ET Q q 0 0 0 rg BT 484.46 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.18 523.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 539.45 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 523.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 79.72 511.10 Td (income ) Tj ET Q q 0 0 0 rg BT 111.62 511.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 126.30 511.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 143.75 511.10 Td (from ) Tj ET Q q 0 0 0 rg BT 165.65 511.10 Td (35% ) Tj ET Q q 0 0 0 rg BT 186.45 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.69 511.10 Td (21% ) Tj ET Q q 0 0 0 rg BT 217.49 511.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.28 511.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 261.28 511.10 Td (by ) Tj ET Q q 0 0 0 rg BT 273.74 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.88 511.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 304.78 511.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 333.36 511.10 Td (by ) Tj ET Q q 0 0 0 rg BT 345.82 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.50 511.10 Td (President ) Tj ET Q q 0 0 0 rg BT 400.18 511.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.65 511.10 Td (December ) Tj ET Q q 0 0 0 rg BT 456.20 511.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 471.16 511.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 496.13 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.41 511.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.05 511.10 Td (e ) Tj ET Q q 0 0 0 rg BT 513.96 511.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 550.30 511.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.79 499.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.33 499.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 131.41 499.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 174.82 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 194.91 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.94 499.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 225.69 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.79 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 247.54 499.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 300.41 499.10 Td (complete. ) Tj ET Q q 0 0 0 rg BT 341.88 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.19 499.10 Td (Uncertainty ) Tj ET Q q 0 0 0 rg BT 393.71 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.36 499.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 441.67 499.10 Td (state ) Tj ET Q q 0 0 0 rg BT 462.31 499.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 476.84 499.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 510.26 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.91 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.93 499.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 554.19 499.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (well ) Tj ET Q q 0 0 0 rg BT 68.89 487.10 Td (as ) Tj ET Q q 0 0 0 rg BT 79.39 487.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.55 487.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 164.82 487.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 203.08 487.10 Td (that ) Tj ET Q q 0 0 0 rg BT 220.25 487.10 Td (may ) Tj ET Q q 0 0 0 rg BT 239.64 487.10 Td (be ) Tj ET Q q 0 0 0 rg BT 251.25 487.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 280.92 487.10 Td (could ) Tj ET Q q 0 0 0 rg BT 305.31 487.10 Td (result ) Tj ET Q q 0 0 0 rg BT 329.70 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.65 487.10 Td (further ) Tj ET Q q 0 0 0 rg BT 369.03 487.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 383.42 487.10 Td (ef) Tj ET Q q 0 0 0 rg BT 391.00 487.10 Td (fects, ) Tj ET Q q 0 0 0 rg BT 414.55 487.10 Td (which ) Tj ET Q q 0 0 0 rg BT 441.16 487.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.54 487.10 Td (not ) Tj ET Q q 0 0 0 rg BT 470.49 487.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 508.20 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.15 487.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.76 487.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.03 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.11 475.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.84 475.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 161.31 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.06 475.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 182.36 475.10 Td (ef) Tj ET Q q 0 0 0 rg BT 189.95 475.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 219.90 475.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.87 475.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 256.50 475.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.91 475.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 296.16 475.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 318.91 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.10 475.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 358.86 475.10 Td (were ) Tj ET Q q 0 0 0 rg BT 381.04 475.10 Td (further ) Tj ET Q q 0 0 0 rg BT 410.99 475.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 450.40 475.10 Td (by ) Tj ET Q q 0 0 0 rg BT 463.15 475.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 478.12 475.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 518.08 475.10 Td (allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.62 463.10 Td (during ) Tj ET Q q 0 0 0 rg BT 116.87 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.23 463.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 167.31 463.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.90 463.10 Td (also ) Tj ET Q q 0 0 0 rg BT 214.15 463.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 248.94 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.30 463.10 Td (net ) Tj ET Q q 0 0 0 rg BT 279.66 463.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 316.11 463.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 331.47 463.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 362.37 463.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 411.88 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.33 463.10 Td (As ) Tj ET Q q 0 0 0 rg BT 428.59 463.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.06 463.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 499.29 463.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.29 463.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.93 463.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 548.07 463.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 73.88 451.10 Td (we ) Tj ET Q q 0 0 0 rg BT 87.41 451.10 Td (had ) Tj ET Q q 0 0 0 rg BT 103.73 451.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 117.82 451.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 156.91 451.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 203.21 451.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 235.64 451.10 Td ($51.1 ) Tj ET Q q 0 0 0 rg BT 260.01 451.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 293.28 451.10 Td ($36.5 ) Tj ET Q q 0 0 0 rg BT 317.66 451.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 350.93 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.24 451.10 Td ($33.6 ) Tj ET Q q 0 0 0 rg BT 391.62 451.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 424.89 451.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 472.55 451.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.92 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.58 451.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 515.10 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.19 451.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.15 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.47 439.10 Td (our ) Tj ET Q q 0 0 0 rg BT 101.79 439.10 Td (state ) Tj ET Q q 0 0 0 rg BT 123.10 439.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 159.40 439.10 Td (income ) Tj ET Q q 0 0 0 rg BT 191.82 439.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.03 439.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 235.85 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.63 439.10 Td (The ) Tj ET Q q 0 0 0 rg BT 257.16 439.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 297.37 439.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 344.78 439.10 Td (will ) Tj ET Q q 0 0 0 rg BT 363.33 439.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 394.08 439.10 Td (until ) Tj ET Q q 0 0 0 rg BT 415.41 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.62 439.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 475.80 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.13 439.10 Td (future ) Tj ET Q q 0 0 0 rg BT 513.99 439.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 550.29 439.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.66 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 98.36 427.10 Td (more ) Tj ET Q q 0 0 0 rg BT 121.41 427.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 146.68 427.10 Td (than ) Tj ET Q q 0 0 0 rg BT 166.40 427.10 Td (not ) Tj ET Q q 0 0 0 rg BT 181.68 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.96 427.10 Td (become ) Tj ET Q q 0 0 0 rg BT 225.55 427.10 Td (utilized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 403.10 Td (As ) Tj ET Q q 0 0 0 rg BT 82.06 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.85 403.10 Td (December ) Tj ET Q q 0 0 0 rg BT 138.38 403.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.33 403.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 180.28 403.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.39 403.10 Td (had ) Tj ET Q q 0 0 0 rg BT 213.28 403.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.17 403.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 283.49 403.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.16 403.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 330.37 403.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 403.10 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 363.10 403.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.99 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.45 403.10 Td (related ) Tj ET Q q 0 0 0 rg BT 426.10 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.33 403.10 Td (an ) Tj ET Q q 0 0 0 rg BT 450.22 403.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 490.87 403.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.54 403.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 546.97 403.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 106.16 391.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.18 391.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 151.75 391.10 Td (was ) Tj ET Q q 0 0 0 rg BT 170.10 391.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 207.88 391.10 Td (during ) Tj ET Q q 0 0 0 rg BT 236.79 391.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 259.59 391.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.72 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.96 391.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 303.53 391.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 344.09 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.23 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.24 391.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 414.14 391.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 450.25 391.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 465.27 391.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 487.51 391.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 507.25 391.10 Td (if ) Tj ET Q q 0 0 0 rg BT 516.16 391.10 Td (recognized, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (would ) Tj ET Q q 0 0 0 rg BT 76.41 379.10 Td (not ) Tj ET Q q 0 0 0 rg BT 91.10 379.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 133.54 379.10 Td (af) Tj ET Q q 0 0 0 rg BT 141.13 379.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 158.03 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.26 379.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 201.83 379.10 Td (ef) Tj ET Q q 0 0 0 rg BT 209.42 379.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 238.53 379.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 252.65 379.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 274.41 379.10 Td (W) Tj ET Q q 0 0 0 rg BT 283.05 379.10 Td (e ) Tj ET Q q 0 0 0 rg BT 289.40 379.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 327.40 379.10 Td (do ) Tj ET Q q 0 0 0 rg BT 339.31 379.10 Td (not ) Tj ET Q q 0 0 0 rg BT 354.00 379.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 382.00 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.35 379.10 Td (material ) Tj ET Q q 0 0 0 rg BT 423.01 379.10 Td (change ) Tj ET Q q 0 0 0 rg BT 453.24 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.93 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.05 379.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 516.16 379.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.29 379.10 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (within ) Tj ET Q q 0 0 0 rg BT 77.56 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.27 367.10 Td (next ) Tj ET Q q 0 0 0 rg BT 111.99 367.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 124.49 367.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 343.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.73 343.10 Td (current ) Tj ET Q q 0 0 0 rg BT 116.73 343.10 Td (income ) Tj ET Q q 0 0 0 rg BT 148.85 343.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 163.75 343.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 194.20 343.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 231.87 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.33 343.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 265.01 343.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 308.24 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.14 343.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 364.15 343.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 407.91 343.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 451.69 343.10 Td (with ) Tj ET Q q 0 0 0 rg BT 472.15 343.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 487.06 343.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 524.74 343.10 Td (strategies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.64 331.10 Td (will ) Tj ET Q q 0 0 0 rg BT 84.35 331.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 108.71 331.10 Td (us ) Tj ET Q q 0 0 0 rg BT 119.75 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.68 331.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 161.80 331.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 206.15 331.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 247.19 331.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 261.56 331.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 292.86 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.01 331.10 Td (In ) Tj ET Q q 0 0 0 rg BT 305.49 331.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 351.51 331.10 Td (with ) Tj ET Q q 0 0 0 rg BT 371.43 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.80 331.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 431.82 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.75 331.10 Td (which ) Tj ET Q q 0 0 0 rg BT 468.33 331.10 Td (we ) Tj ET Q q 0 0 0 rg BT 482.14 331.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 527.04 331.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.63 331.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.82 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.14 319.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 108.79 319.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 135.22 319.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 188.87 319.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 211.97 319.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.62 319.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 252.04 319.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 284.57 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.00 319.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 327.43 319.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 353.03 319.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.68 319.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 400.31 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.73 319.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 420.94 319.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 440.15 319.10 Td (due ) Tj ET Q q 0 0 0 rg BT 456.58 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.34 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.55 319.10 Td (concession ) Tj ET Q q 0 0 0 rg BT 526.42 319.10 Td (extended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.67 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.17 307.10 Td (note ) Tj ET Q q 0 0 0 rg BT 96.56 307.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 128.17 307.10 Td (during ) Tj ET Q q 0 0 0 rg BT 156.45 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.83 307.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 197.44 307.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 227.93 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.43 307.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 263.10 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.11 307.10 Td (This ) Tj ET Q q 0 0 0 rg BT 285.06 307.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.45 307.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 318.84 307.10 Td (was ) Tj ET Q q 0 0 0 rg BT 336.56 307.10 Td (of) Tj ET Q q 0 0 0 rg BT 344.71 307.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 361.32 307.10 Td (by ) Tj ET Q q 0 0 0 rg BT 373.49 307.10 Td (net ) Tj ET Q q 0 0 0 rg BT 387.87 307.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 427.81 307.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 453.87 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.48 307.10 Td (other ) Tj ET Q q 0 0 0 rg BT 493.20 307.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 528.67 307.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 543.06 307.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (attributes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 271.10 Td (As ) Tj ET Q q 0 0 0 rg BT 84.72 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.15 271.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.33 271.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 180.94 271.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.70 271.10 Td (had ) Tj ET Q q 0 0 0 rg BT 213.24 271.10 Td (tax-ef) Tj ET Q q 0 0 0 rg BT 236.37 271.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 263.90 271.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 294.75 271.10 Td (net ) Tj ET Q q 0 0 0 rg BT 310.07 271.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 350.94 271.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 369.60 271.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 428.78 271.10 Td (\(NOLs\) ) Tj ET Q q 0 0 0 rg BT 471.87 271.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 505.52 271.10 Td ($18.6 ) Tj ET Q q 0 0 0 rg BT 531.12 271.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (state ) Tj ET Q q 0 0 0 rg BT 70.89 259.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 98.39 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.89 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 131.17 259.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 160.88 259.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 194.49 259.10 Td ($51.5 ) Tj ET Q q 0 0 0 rg BT 220.05 259.10 Td (million ) Tj ET Q q 0 0 0 rg BT 252.01 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.51 259.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 290.07 259.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 324.52 259.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 375.89 259.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 407.82 259.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 448.66 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 463.38 259.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 503.65 259.10 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 553.07 259.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.56 247.10 Td ($51.5 ) Tj ET Q q 0 0 0 rg BT 115.80 247.10 Td (million ) Tj ET Q q 0 0 0 rg BT 147.43 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.50 247.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 199.00 247.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 212.30 247.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 250.01 247.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 279.41 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.93 247.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 313.21 247.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 347.60 247.10 Td (related ) Tj ET Q q 0 0 0 rg BT 377.54 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.06 247.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.13 247.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 435.74 247.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 480.14 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.32 247.10 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 522.56 247.10 Td (million ) Tj ET Q q 0 0 0 rg BT 554.19 247.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (research ) Tj ET Q q 0 0 0 rg BT 85.79 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.21 235.10 Td (development ) Tj ET Q q 0 0 0 rg BT 157.84 235.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 187.48 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 205.46 235.10 Td (can ) Tj ET Q q 0 0 0 rg BT 222.32 235.10 Td (be ) Tj ET Q q 0 0 0 rg BT 234.74 235.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 267.72 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.48 235.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 308.11 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.42 235.10 Td (current ) Tj ET Q q 0 0 0 rg BT 355.72 235.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.14 235.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 411.67 235.10 Td (during ) Tj ET Q q 0 0 0 rg BT 440.76 235.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 463.74 235.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.06 235.10 Td (future ) Tj ET Q q 0 0 0 rg BT 501.92 235.10 Td (years.) Tj ET Q q 0 0 0 rg BT 530.33 235.10 Td (W) Tj ET Q q 0 0 0 rg BT 538.97 235.10 Td (e ) Tj ET Q q 0 0 0 rg BT 546.39 235.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.29 223.10 Td ($20.3 ) Tj ET Q q 0 0 0 rg BT 96.71 223.10 Td (million ) Tj ET Q q 0 0 0 rg BT 128.52 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.77 223.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 184.88 223.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 226.69 223.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 241.83 223.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 273.90 223.10 Td (which ) Tj ET Q q 0 0 0 rg BT 301.26 223.10 Td (under ) Tj ET Q q 0 0 0 rg BT 326.94 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.43 223.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 358.79 223.10 Td (will ) Tj ET Q q 0 0 0 rg BT 377.26 223.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.62 223.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 411.42 223.10 Td (refundable ) Tj ET Q q 0 0 0 rg BT 457.09 223.10 Td (by ) Tj ET Q q 0 0 0 rg BT 470.01 223.10 Td (2021. ) Tj ET Q q 0 0 0 rg BT 495.43 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.35 223.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 516.81 223.10 Td (state ) Tj ET Q q 0 0 0 rg BT 538.06 223.10 Td (NOLs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 76.94 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.17 211.10 Td (various ) Tj ET Q q 0 0 0 rg BT 119.06 211.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 145.11 211.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 177.56 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.79 211.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 212.74 211.10 Td (although ) Tj ET Q q 0 0 0 rg BT 250.19 211.10 Td (most ) Tj ET Q q 0 0 0 rg BT 272.09 211.10 Td (do ) Tj ET Q q 0 0 0 rg BT 284.54 211.10 Td (not ) Tj ET Q q 0 0 0 rg BT 299.77 211.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 324.44 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.68 211.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 362.11 211.10 Td (until ) Tj ET Q q 0 0 0 rg BT 382.90 211.10 Td (2024. ) Tj ET Q q 0 0 0 rg BT 407.85 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.31 211.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 428.31 211.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 468.52 211.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 481.53 211.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 518.95 211.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 548.06 211.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (research ) Tj ET Q q 0 0 0 rg BT 85.31 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.24 199.10 Td (development ) Tj ET Q q 0 0 0 rg BT 156.39 199.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 185.55 199.10 Td (do ) Tj ET Q q 0 0 0 rg BT 198.05 199.10 Td (not ) Tj ET Q q 0 0 0 rg BT 213.33 199.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 238.04 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.32 199.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 275.81 199.10 Td (until ) Tj ET Q q 0 0 0 rg BT 296.64 199.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 319.14 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.08 199.10 Td (2031, ) Tj ET Q q 0 0 0 rg BT 361.08 199.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 408.74 199.10 Td (.) Tj ET Q endstream endobj 109 0 obj <> endobj 110 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 (54) 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 (Y) Tj ET Q q 0 0 0 rg BT 413.67 657.32 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 644.31 Td (Per) Tj ET Q q 0 0 0 rg BT 66.24 644.31 Td (-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 644.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 644.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 644.32 Td (2015) 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 (49.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 630.42 Td (39.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 630.42 Td (45.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 615.42 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 615.47 Td (\(2.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 615.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 615.42 Td (3.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 615.42 Td (19.24) 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 (\(20.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 600.47 Td (\(17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 600.47 Td (\(19.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 600.42 Td (\)) 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 478.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 585.42 Td (0.51) 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 (\(3.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 570.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 570.47 Td (\(2.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 570.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 570.47 Td (\(3.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 570.42 Td (\)) 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 (\(1.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 545.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 545.47 Td (\(1.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 545.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 545.47 Td (\(1.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 545.42 Td (\)) 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 (21.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 530.42 Td (20.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 530.42 Td (40.06) 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 (1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 515.42 Td (0.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 515.42 Td (0.98) 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 (\(4.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 500.47 Td (\(4.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 500.47 Td (\(5.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 500.42 Td (\)) 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 (\(4.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 485.47 Td (\(5.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 485.47 Td (\(5.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 485.42 Td (\)) 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 402.15 470.42 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 470.47 Td (\(0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 470.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 470.42 Td (1.18) 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 (\(2.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 455.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 455.47 Td (\(1.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 455.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 455.42 Td (1.71) 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 397.15 440.42 Td (12.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 440.42 Td (9.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 440.42 Td (32.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 425.42 Td (DD&A) Tj ET Q q 0 0 0 rg BT 81.17 425.42 Td ( excluding accelerated depreciation char) Tj ET Q q 0 0 0 rg BT 249.32 425.42 Td (ge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 425.47 Td (\(9.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 425.47 Td (\(10.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 425.47 Td (\(19.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 425.42 Td (\)) 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 409.65 410.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 410.47 Td (\(25.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 410.42 Td (\)) 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 (W) Tj ET Q q 0 0 0 rg BT 61.24 395.42 Td (rite-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 395.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 395.47 Td (\(34.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 395.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 395.47 Td (\(185.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 395.42 Td (\)) 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 478.65 380.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 380.47 Td (\(47.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 380.42 Td (\)) 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 402.15 365.42 Td (4.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 365.42 Td (23.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 365.42 Td (72.65) 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 409.65 350.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 350.42 Td (4.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 350.42 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 (\(1.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 335.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 335.47 Td (\(9.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 335.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 335.47 Td (\(13.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 335.42 Td (\)) 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 (1.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 320.42 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 320.47 Td (\(3.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 320.42 Td (\)) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 305.42 Td (7.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 305.47 Td (\(41.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 305.42 Td (\)) 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 526.80 305.47 Td (\(164.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 305.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 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 87.22 265.25 Td (control ) Tj ET Q q 0 0 0 rg BT 118.04 265.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.54 265.25 Td (\($4.1 ) Tj ET Q q 0 0 0 rg BT 163.87 265.25 Td (million\) ) Tj ET Q q 0 0 0 rg BT 198.59 265.25 Td (during ) Tj ET Q q 0 0 0 rg BT 227.20 265.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 241.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.88 241.25 Td (an ) Tj ET Q q 0 0 0 rg BT 125.82 241.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 173.27 241.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 225.19 241.25 Td (char) Tj ET Q q 0 0 0 rg BT 242.22 241.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 254.16 241.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 297.75 241.25 Td (with ) Tj ET Q q 0 0 0 rg BT 318.03 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.74 241.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 356.91 241.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 383.30 241.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 399.13 241.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 444.39 241.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 475.21 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.15 241.25 Td (related ) Tj ET Q q 0 0 0 rg BT 521.86 241.25 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 217.25 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 104.68 217.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 120.75 217.25 Td (value ) Tj ET Q q 0 0 0 rg BT 144.60 217.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 167.90 217.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 200.64 217.25 Td (on ) Tj ET Q q 0 0 0 rg BT 212.84 217.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 260.58 217.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 306.65 217.25 Td (is ) Tj ET Q q 0 0 0 rg BT 315.51 217.25 Td (a ) Tj ET Q q 0 0 0 rg BT 322.14 217.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 367.32 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 369.52 217.25 Td (measure. ) Tj ET Q q 0 0 0 rg BT 407.52 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.72 217.25 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 426.35 217.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 469.65 217.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 500.73 217.25 Td (T) Tj ET Q q 0 0 0 rg BT 505.37 217.25 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.78 217.25 Td (above ) Tj ET Q q 0 0 0 rg BT 550.85 217.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 205.25 Td (a ) Tj ET Q q 0 0 0 rg BT 75.98 205.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 121.70 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.07 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.33 205.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 209.35 205.25 Td (between ) Tj ET Q q 0 0 0 rg BT 246.71 205.25 Td (noncash ) Tj ET Q q 0 0 0 rg BT 283.53 205.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.45 205.25 Td (value ) Tj ET Q q 0 0 0 rg BT 327.15 205.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 352.30 205.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 386.90 205.25 Td (on ) Tj ET Q q 0 0 0 rg BT 400.94 205.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 450.54 205.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 498.45 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 510.28 205.25 Td (Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 193.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 112.89 193.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.61 193.25 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 188.65 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.94 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.67 193.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 265.96 193.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 311.36 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 193.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 369.09 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.61 193.25 Td (See ) Tj ET Q q 0 0 0 rg BT 386.56 193.25 Td (also ) Tj ET Q q 0 0 0 rg BT 404.18 193.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 417.91 193.25 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 455.54 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.05 193.25 Td (Selected ) Tj ET Q q 0 0 0 rg BT 506.77 193.25 Td (Abbr) Tj ET Q q 0 0 0 rg BT 526.39 193.25 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 193.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 181.25 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 181.25 Td (definition ) Tj ET Q q 0 0 0 rg BT 137.76 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.59 181.25 Td (noncash ) Tj ET Q q 0 0 0 rg BT 183.86 181.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.23 181.25 Td (value ) Tj ET Q q 0 0 0 rg BT 224.39 181.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 248.00 181.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 281.05 181.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.55 181.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 341.60 181.25 Td (derivatives.) 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 /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 (2017) 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 ($475.0 ) 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 71.74 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 81.76 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.22 593.25 Td (event ) Tj ET Q q 0 0 0 rg BT 120.12 593.25 Td (we ) Tj ET Q q 0 0 0 rg BT 134.02 593.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 149.58 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.60 593.25 Td (make ) Tj ET Q q 0 0 0 rg BT 183.50 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 190.18 593.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 226.85 593.25 Td (due ) Tj ET Q q 0 0 0 rg BT 243.53 593.25 Td (under ) Tj ET Q q 0 0 0 rg BT 268.54 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.00 593.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 317.45 593.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 357.46 593.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 379.69 593.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 423.57 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 434.14 593.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 456.38 593.25 Td (other ) Tj ET Q q 0 0 0 rg BT 479.17 593.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 517.50 593.25 Td (defaults ) Tj ET Q q 0 0 0 rg BT 551.40 593.25 Td (set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (out ) Tj ET Q q 0 0 0 rg BT 64.56 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 74.61 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.10 581.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 123.59 581.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 163.63 581.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 185.90 581.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 229.81 581.25 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 253.75 581.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.35 581.25 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 296.07 581.25 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 315.85 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.90 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.40 581.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 364.34 581.25 Td (8-K ) Tj ET Q q 0 0 0 rg BT 382.17 581.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 402.78 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 422.83 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.32 581.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 457.94 581.25 Td (on ) Tj ET Q q 0 0 0 rg BT 470.22 581.25 Td (June ) Tj ET Q q 0 0 0 rg BT 490.82 581.25 Td (5, ) Tj ET Q q 0 0 0 rg BT 500.60 581.25 Td (2008\). ) Tj ET Q q 0 0 0 rg BT 528.71 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 530.82 581.25 Td (The ) Tj ET Q q 0 0 0 rg BT 548.64 581.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (values ) Tj ET Q q 0 0 0 rg BT 77.05 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.38 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.72 569.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 129.16 569.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 161.70 569.25 Td (second ) Tj ET Q q 0 0 0 rg BT 191.47 569.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 208.47 569.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 234.08 569.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 260.52 569.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 286.14 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.58 569.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 329.02 569.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 382.68 569.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 405.79 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 420.00 569.25 Td (based ) Tj ET Q q 0 0 0 rg BT 444.77 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 456.78 569.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 486.00 569.25 Td (market ) Tj ET Q q 0 0 0 rg BT 515.76 569.25 Td (prices.) Tj ET Q q 0 0 0 rg BT 546.96 569.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (following ) Tj ET Q q 0 0 0 rg BT 90.89 557.25 Td (table ) Tj ET Q q 0 0 0 rg BT 112.82 557.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 148.09 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.81 557.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 200.85 557.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.12 557.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 245.84 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.78 557.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 279.15 557.25 Td (values ) Tj ET Q q 0 0 0 rg BT 307.20 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.03 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 333.86 557.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 383.03 557.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 402.74 557.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.46 557.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 471.04 557.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.04 557.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 525.75 211.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 265.00 525.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 308.00 525.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 525.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 390.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 394.00 525.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 437.00 525.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 476.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 480.00 525.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 525.75 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 491.75 211.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 265.00 491.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 308.00 491.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 491.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 390.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 394.00 491.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 437.00 491.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 476.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 480.00 491.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 491.75 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 465.75 211.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 265.00 465.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 308.00 465.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 465.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 390.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 394.00 465.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 437.00 465.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 476.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 480.00 465.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 465.75 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 439.75 211.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 265.00 439.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 308.00 439.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 439.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 390.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 394.00 439.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 437.00 439.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 476.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 480.00 439.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 439.75 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 413.75 211.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.00 413.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 265.00 413.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 413.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 308.00 413.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 413.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 413.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 390.00 413.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 394.00 413.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 413.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 437.00 413.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 476.00 413.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 480.00 413.75 39.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 413.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 413.75 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 50 525.75 m 261 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 525.75 m 265 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 525.75 m 304 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 525.75 m 308 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 525.75 m 347 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 525.75 m 351 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 525.75 m 390 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 525.75 m 394 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 525.75 m 433 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 525.75 m 437 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 525.75 m 476 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 525.75 m 519 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 525.75 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 276.00 530.00 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 530.00 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 530.00 Td (2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.00 530.00 Td (2023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 530.00 Td (2024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.80 530.00 Td (T) Tj ET Q q 0 0 0 rg BT 495.13 530.00 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.05 538.00 Td (Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.35 530.00 Td (V) Tj ET Q q 0 0 0 rg BT 538.24 530.00 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 516.98 Td (V) Tj ET Q q 0 0 0 rg BT 57.91 516.98 Td (ariable rate debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.50 517.00 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 \(weighted average interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 496.00 Td (rate of 4.5% at December 31, 2017\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.75 496.00 Td (475,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.75 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.75 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 496.00 Td (475,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 496.00 Td (475,000) 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 343.50 483.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.50 483.00 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 292.75 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.75 470.00 Td (614,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.75 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.75 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 470.00 Td (614,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 470.00 Td (625,680) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 457.00 Td (9% Senior Secured Second Lien Notes due 2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.75 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.75 457.00 Td (381,568) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.75 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.75 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 457.00 Td (381,568) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 457.00 Td (387,292) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 444.00 Td (3% Convertible Senior Notes due 2024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.75 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.75 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.75 444.00 Td (84,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.75 444.00 Td (84,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 444.00 Td (92,548) 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 292.75 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.75 431.00 Td (215,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.75 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.75 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 431.00 Td (215,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 431.00 Td (161,358) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 418.00 Td (5% Senior Subordinated Notes due 2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.75 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.75 418.00 Td (408,882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.75 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.75 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 418.00 Td (408,882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 418.00 Td (279,594) Tj ET Q /GS0 gs q 136.43 0 0 7.27 58.50 403.28 cm /I25 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.75 405.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 405.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 405.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.75 405.00 Td (376,501) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.75 405.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 405.00 Td (376,501) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 405.00 Td (239,078) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.11 377.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 142.81 377.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 353.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.91 353.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 105.22 353.25 Td (into ) Tj ET Q q 0 0 0 rg BT 123.11 353.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 136.00 353.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 178.31 353.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 216.74 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.85 353.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 259.73 353.25 Td (an ) Tj ET Q q 0 0 0 rg BT 271.50 353.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 312.70 353.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 338.91 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.57 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 365.23 353.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 403.66 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.77 353.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 461.66 353.25 Td (price ) Tj ET Q q 0 0 0 rg BT 483.97 353.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 501.30 353.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.73 353.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.06 341.25 Td (future ) Tj ET Q q 0 0 0 rg BT 120.63 341.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 132.88 341.25 Td (production ) Tj ET Q q 0 0 0 rg BT 177.90 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.03 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.50 341.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 235.74 341.25 Td (more ) Tj ET Q q 0 0 0 rg BT 257.98 341.25 Td (certainty ) Tj ET Q q 0 0 0 rg BT 294.66 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 304.13 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 319.15 341.25 Td (future ) Tj ET Q q 0 0 0 rg BT 344.72 341.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.18 341.25 Td (flows.) Tj ET Q q 0 0 0 rg BT 393.73 341.25 Td (W) Tj ET Q q 0 0 0 rg BT 402.36 341.25 Td (e ) Tj ET Q q 0 0 0 rg BT 408.50 341.25 Td (do ) Tj ET Q q 0 0 0 rg BT 420.19 341.25 Td (not ) Tj ET Q q 0 0 0 rg BT 434.66 341.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 454.13 341.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.16 341.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 485.85 341.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 527.52 341.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 98.26 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.02 329.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 142.44 329.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 182.59 329.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 223.86 329.25 Td (, ) Tj ET Q q 0 0 0 rg BT 228.46 329.25 Td (these ) Tj ET Q q 0 0 0 rg BT 251.10 329.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 289.29 329.25 Td (have ) Tj ET Q q 0 0 0 rg BT 310.26 329.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 349.58 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.00 329.25 Td (various ) Tj ET Q q 0 0 0 rg BT 391.54 329.25 Td (combinations ) Tj ET Q q 0 0 0 rg BT 447.52 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.94 329.25 Td (price ) Tj ET Q q 0 0 0 rg BT 480.02 329.25 Td (floors, ) Tj ET Q q 0 0 0 rg BT 507.95 329.25 Td (collars, ) Tj ET Q q 0 0 0 rg BT 539.20 329.25 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (way ) Tj ET Q q 0 0 0 rg BT 68.78 317.25 Td (collars, ) Tj ET Q q 0 0 0 rg BT 100.56 317.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 147.05 317.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 176.62 317.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 223.10 317.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 250.17 317.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 290.55 317.25 Td (with ) Tj ET Q q 0 0 0 rg BT 310.95 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.01 317.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 337.30 317.25 Td (put, ) Tj ET Q q 0 0 0 rg BT 355.20 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.27 317.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 394.89 317.25 Td (swaps.) Tj ET Q q 0 0 0 rg BT 426.65 317.25 Td (The ) Tj ET Q q 0 0 0 rg BT 444.82 317.25 Td (production ) Tj ET Q q 0 0 0 rg BT 490.77 317.25 Td (that ) Tj ET Q q 0 0 0 rg BT 508.39 317.25 Td (we ) Tj ET Q q 0 0 0 rg BT 522.67 317.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 549.17 317.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (varied ) Tj ET Q q 0 0 0 rg BT 76.66 305.25 Td (from ) Tj ET Q q 0 0 0 rg BT 98.26 305.25 Td (year ) Tj ET Q q 0 0 0 rg BT 117.64 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.59 305.25 Td (year ) Tj ET Q q 0 0 0 rg BT 146.97 305.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 190.79 305.25 Td (on ) Tj ET Q q 0 0 0 rg BT 202.96 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.46 305.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 243.96 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.46 305.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 276.35 305.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.50 305.25 Td (strength, ) Tj ET Q q 0 0 0 rg BT 350.39 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.00 305.25 Td (expectation ) Tj ET Q q 0 0 0 rg BT 415.25 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.75 305.25 Td (future ) Tj ET Q q 0 0 0 rg BT 451.80 305.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 499.52 305.25 Td (prices.In ) Tj ET Q q 0 0 0 rg BT 541.40 305.25 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.72 293.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 92.71 293.25 Td (a ) Tj ET Q q 0 0 0 rg BT 99.60 293.25 Td (level ) Tj ET Q q 0 0 0 rg BT 121.47 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.25 293.25 Td (price ) Tj ET Q q 0 0 0 rg BT 154.68 293.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 197.66 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.88 293.25 Td (a ) Tj ET Q q 0 0 0 rg BT 214.77 293.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 246.10 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.87 293.25 Td (our ) Tj ET Q q 0 0 0 rg BT 272.64 293.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.65 293.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 333.91 293.25 Td (we ) Tj ET Q q 0 0 0 rg BT 348.02 293.25 Td (have ) Tj ET Q q 0 0 0 rg BT 369.34 293.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 400.66 293.25 Td (a ) Tj ET Q q 0 0 0 rg BT 407.54 293.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 438.87 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.65 293.25 Td (our ) Tj ET Q q 0 0 0 rg BT 465.42 293.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 506.18 293.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.19 293.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (through ) Tj ET Q q 0 0 0 rg BT 82.22 281.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 103.82 281.25 Td (using ) Tj ET Q q 0 0 0 rg BT 127.10 281.25 Td (both ) Tj ET Q q 0 0 0 rg BT 146.49 281.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 184.76 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.81 281.25 Td (LLS ) Tj ET Q q 0 0 0 rg BT 220.19 281.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 265.66 281.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 294.22 281.25 Td (three-way ) Tj ET Q q 0 0 0 rg BT 335.80 281.25 Td (collars ) Tj ET Q q 0 0 0 rg BT 364.06 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.11 281.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 401.72 281.25 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 430.27 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.88 281.25 Td (Depending ) Tj ET Q q 0 0 0 rg BT 477.36 281.25 Td (on ) Tj ET Q q 0 0 0 rg BT 488.97 281.25 Td (market ) Tj ET Q q 0 0 0 rg BT 518.34 281.25 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.45 269.25 Td (may ) Tj ET Q q 0 0 0 rg BT 82.95 269.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 119.67 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.74 269.25 Td (add ) Tj ET Q q 0 0 0 rg BT 146.47 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.53 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.15 269.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 206.10 269.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 228.39 269.25 Td (hedges. ) Tj ET Q q 0 0 0 rg BT 260.95 269.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.23 269.25 Td (See ) Tj ET Q q 0 0 0 rg BT 279.96 269.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.35 269.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 320.08 269.25 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.08 269.25 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 329.87 269.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 378.26 269.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 422.75 269.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.20 269.25 Td (, ) Tj ET Q q 0 0 0 rg BT 466.99 269.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.72 269.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 505.44 269.25 Td (10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 515.44 269.25 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 520.23 269.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 540.30 269.25 Td (V) Tj ET Q q 0 0 0 rg BT 545.30 269.25 Td (alue ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 79.68 257.25 Td (ements) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 107.45 257.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.95 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.80 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.43 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.50 257.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 190.12 257.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 229.18 257.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 274.92 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 288.43 257.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 330.27 257.25 Td (information ) Tj ET Q q 0 0 0 rg BT 379.33 257.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 419.50 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 434.68 257.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 482.08 257.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 523.91 257.25 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.25 Td (All ) Tj ET Q q 0 0 0 rg BT 82.73 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.51 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.18 233.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 173.38 233.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 216.93 233.25 Td (used ) Tj ET Q q 0 0 0 rg BT 237.71 233.25 Td (for ) Tj ET Q q 0 0 0 rg BT 251.82 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.60 233.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 315.60 233.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 361.92 233.25 Td (are ) Tj ET Q q 0 0 0 rg BT 376.58 233.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 414.58 233.25 Td (by ) Tj ET Q q 0 0 0 rg BT 427.03 233.25 Td (external ) Tj ET Q q 0 0 0 rg BT 461.68 233.25 Td (sources.) Tj ET Q q 0 0 0 rg BT 498.99 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 507.63 233.25 Td (e ) Tj ET Q q 0 0 0 rg BT 514.52 233.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 548.06 233.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (control ) Tj ET Q q 0 0 0 rg BT 81.57 221.25 Td (market ) Tj ET Q q 0 0 0 rg BT 113.07 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.25 221.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 185.52 221.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.02 221.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 230.76 221.25 Td (through ) Tj ET Q q 0 0 0 rg BT 265.61 221.25 Td (established ) Tj ET Q q 0 0 0 rg BT 313.79 221.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 348.07 221.25 Td (control ) Tj ET Q q 0 0 0 rg BT 380.13 221.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 427.74 221.25 Td (that ) Tj ET Q q 0 0 0 rg BT 446.48 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 462.42 221.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 502.81 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.55 221.25 Td (an ) Tj ET Q q 0 0 0 rg BT 529.73 221.25 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (basis.) Tj ET Q q 0 0 0 rg BT 76.82 209.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.46 209.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.69 209.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 125.47 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.05 209.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 176.61 209.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.17 209.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 219.96 209.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 258.86 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.43 209.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 328.86 209.25 Td (through ) Tj ET Q q 0 0 0 rg BT 362.77 209.25 Td (formal ) Tj ET Q q 0 0 0 rg BT 392.22 209.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 417.77 209.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 454.17 209.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 501.41 209.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 548.07 209.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (diversification.) Tj ET Q q 0 0 0 rg BT 114.21 197.25 Td (All ) Tj ET Q q 0 0 0 rg BT 129.71 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.75 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.80 197.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 205.08 197.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 247.78 197.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 286.59 197.25 Td (are ) Tj ET Q q 0 0 0 rg BT 301.52 197.25 Td (with ) Tj ET Q q 0 0 0 rg BT 322.01 197.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 351.39 197.25 Td (that ) Tj ET Q q 0 0 0 rg BT 369.10 197.25 Td (are ) Tj ET Q q 0 0 0 rg BT 384.03 197.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 415.63 197.25 Td (under ) Tj ET Q q 0 0 0 rg BT 441.12 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.17 197.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 484.32 197.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 517.58 197.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.74 197.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.11 185.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 94.06 185.25 Td (af) Tj ET Q q 0 0 0 rg BT 101.65 185.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 131.15 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.78 185.25 Td (such ) Tj ET Q q 0 0 0 rg BT 162.40 185.25 Td (lenders\).) Tj ET Q q 0 0 0 rg BT 201.92 185.25 Td (W) Tj ET Q q 0 0 0 rg BT 210.56 185.25 Td (e ) Tj ET Q q 0 0 0 rg BT 217.29 185.25 Td (have ) Tj ET Q q 0 0 0 rg BT 238.46 185.25 Td (included ) Tj ET Q q 0 0 0 rg BT 275.19 185.25 Td (an ) Tj ET Q q 0 0 0 rg BT 286.92 185.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 322.53 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.15 185.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 400.96 185.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 418.25 185.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.32 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.83 185.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.00 185.25 Td (value ) Tj ET Q q 0 0 0 rg BT 482.95 185.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 538.55 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 185.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 98.46 173.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 141.85 173.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 183.86 173.25 Td (which ) Tj ET Q q 0 0 0 rg BT 211.71 173.25 Td (we ) Tj ET Q q 0 0 0 rg BT 226.78 173.25 Td (have ) Tj ET Q q 0 0 0 rg BT 249.07 173.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 290.79 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.86 173.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 374.80 173.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 393.21 173.25 Td (based ) Tj ET Q q 0 0 0 rg BT 419.39 173.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 442.80 173.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 468.97 173.25 Td (default ) Tj ET Q q 0 0 0 rg BT 500.14 173.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 528.00 173.25 Td (or ) Tj ET Q q 0 0 0 rg BT 539.74 173.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (spreads. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 137.25 Td (For ) Tj ET Q q 0 0 0 rg BT 84.64 137.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 131.76 137.25 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 173.06 137.25 Td (we ) Tj ET Q q 0 0 0 rg BT 187.97 137.25 Td (do ) Tj ET Q q 0 0 0 rg BT 201.22 137.25 Td (not ) Tj ET Q q 0 0 0 rg BT 217.25 137.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 242.71 137.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 269.84 137.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 316.96 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.98 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.56 137.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 393.36 137.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 436.59 137.25 Td (contracts.) Tj ET Q q 0 0 0 rg BT 480.00 137.25 Td (This ) Tj ET Q q 0 0 0 rg BT 501.03 137.25 Td (means ) Tj ET Q q 0 0 0 rg BT 529.83 137.25 Td (that ) Tj ET Q q 0 0 0 rg BT 548.07 137.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.77 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.61 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.89 125.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 127.83 125.25 Td (value ) Tj ET Q q 0 0 0 rg BT 152.55 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.94 125.25 Td (these ) Tj ET Q q 0 0 0 rg BT 187.55 125.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 236.17 125.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 279.21 125.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 318.37 125.25 Td (will ) Tj ET Q q 0 0 0 rg BT 336.99 125.25 Td (be ) Tj ET Q q 0 0 0 rg BT 349.49 125.25 Td (char) Tj ET Q q 0 0 0 rg BT 366.51 125.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 384.02 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.86 125.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 431.80 125.25 Td (instead ) Tj ET Q q 0 0 0 rg BT 463.19 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.58 125.25 Td (char) Tj ET Q q 0 0 0 rg BT 491.60 125.25 Td (ging ) Tj ET Q q 0 0 0 rg BT 512.45 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.73 125.25 Td (ef) Tj ET Q q 0 0 0 rg BT 535.31 125.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.89 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.17 113.25 Td (other ) Tj ET Q q 0 0 0 rg BT 114.21 113.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 177.24 113.25 Td (income ) Tj ET Q q 0 0 0 rg BT 209.18 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.12 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.83 113.25 Td (inef) Tj ET Q q 0 0 0 rg BT 256.20 113.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 285.90 113.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 317.29 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.57 113.25 Td (earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 89.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.34 89.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.26 89.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.26 89.25 Td (, ) Tj ET Q q 0 0 0 rg BT 161.60 89.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.76 89.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 224.15 89.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 265.97 89.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 303.90 89.25 Td (were ) Tj ET Q q 0 0 0 rg BT 325.17 89.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 361.98 89.25 Td (at ) Tj ET Q q 0 0 0 rg BT 371.04 89.25 Td (their ) Tj ET Q q 0 0 0 rg BT 391.20 89.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.91 89.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 432.90 89.25 Td (which ) Tj ET Q q 0 0 0 rg BT 459.18 89.25 Td (was ) Tj ET Q q 0 0 0 rg BT 476.57 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.85 89.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.90 89.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.01 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.85 89.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 89.25 Td ($99.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 77.25 Td (, ) Tj ET Q q 0 0 0 rg BT 83.90 77.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.34 77.25 Td ($29.8 ) Tj ET Q q 0 0 0 rg BT 116.85 77.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.74 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.74 77.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 184.50 77.25 Td (from ) Tj ET Q q 0 0 0 rg BT 206.95 77.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.17 77.25 Td ($69.3 ) Tj ET Q q 0 0 0 rg BT 247.67 77.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.57 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.57 77.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.79 77.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.90 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.91 77.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 366.89 77.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.11 77.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 436.20 77.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.20 77.25 Td (.) Tj ET Q q 0 0 0 rg BT 463.52 77.25 Td (This ) Tj ET Q q 0 0 0 rg BT 484.30 77.25 Td (change ) Tj ET Q q 0 0 0 rg BT 515.62 77.25 Td (is ) Tj ET Q q 0 0 0 rg BT 525.30 77.25 Td (primarily ) 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 (related ) Tj ET Q q 0 0 0 rg BT 79.04 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.15 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.70 713.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 146.57 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.23 713.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 205.12 713.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 247.43 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 285.86 713.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.30 713.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.30 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.13 713.10 Td (new ) Tj ET Q q 0 0 0 rg BT 358.13 713.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 406.01 713.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 448.33 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 486.75 713.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 518.51 713.10 Td (into ) Tj ET Q q 0 0 0 rg BT 536.40 713.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 86.16 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 112.54 701.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 146.98 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.91 701.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 198.62 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.90 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 221.96 701.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 252.22 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 278.60 701.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.42 701.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 373.00 701.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.50 701.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.44 701.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.44 701.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.11 677.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 142.81 677.10 Td (Sensitivity ) Tj ET Q q 0 0 0 rg BT 186.23 677.10 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 93.82 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 105.71 653.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 144.25 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.58 653.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 180.24 653.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 204.33 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.77 653.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 246.42 653.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 272.18 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 282.40 653.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.61 653.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 350.58 653.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.58 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 374.96 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.29 653.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 430.95 653.10 Td (both ) Tj ET Q q 0 0 0 rg BT 450.61 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 456.93 653.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 477.15 653.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 511.78 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.11 653.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 84.49 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.65 641.10 Td (would ) Tj ET Q q 0 0 0 rg BT 126.15 641.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 154.74 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.02 641.10 Td (make ) Tj ET Q q 0 0 0 rg BT 189.17 641.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 230.00 641.10 Td (on ) Tj ET Q q 0 0 0 rg BT 242.50 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.33 641.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 283.04 641.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 296.09 641.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 338.57 641.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 377.17 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.00 641.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 416.61 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.89 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.60 641.10 Td (following ) Tj ET Q q 0 0 0 rg BT 482.99 641.10 Td (table:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 602.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 602.60 134.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 572.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 572.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 572.60 134.00 -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 50 617.6 m 425 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 617.6 m 563 617.6 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.50 621.85 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.50 621.85 Td (Payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.27 Td (Based on:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 607.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 592.27 Td (Futures prices as of December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 592.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 592.32 Td (\(95,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 577.27 Td (10% increase in prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 577.32 Td (\(185,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 577.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 562.27 Td (10% decrease in prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 562.32 Td (\(10,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 562.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.38 534.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 133.25 534.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 175.56 534.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 213.97 534.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.51 534.10 Td (used ) Tj ET Q q 0 0 0 rg BT 249.16 534.10 Td (as ) Tj ET Q q 0 0 0 rg BT 259.81 534.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.58 534.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 312.77 534.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 338.97 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.63 534.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.28 534.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 403.71 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.81 534.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 461.68 534.10 Td (price ) Tj ET Q q 0 0 0 rg BT 483.99 534.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 501.32 534.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.74 534.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.70 522.10 Td (future ) Tj ET Q q 0 0 0 rg BT 121.90 522.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 170.05 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.87 522.10 Td (As ) Tj ET Q q 0 0 0 rg BT 185.31 522.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.08 522.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 219.12 522.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 253.66 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.76 522.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 297.18 522.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.84 522.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 348.50 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.15 522.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.81 522.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 422.69 522.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 465.00 522.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 503.42 522.10 Td (due ) Tj ET Q q 0 0 0 rg BT 520.19 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.30 522.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.14 510.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 108.55 510.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 135.28 510.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.47 510.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 184.30 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.94 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.02 510.10 Td (above ) Tj ET Q q 0 0 0 rg BT 236.75 510.10 Td (table ) Tj ET Q q 0 0 0 rg BT 259.04 510.10 Td (would ) Tj ET Q q 0 0 0 rg BT 286.90 510.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.20 510.10 Td (mostly ) Tj ET Q q 0 0 0 rg BT 329.29 510.10 Td (of) Tj ET Q q 0 0 0 rg BT 337.43 510.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 354.73 510.10 Td (by ) Tj ET Q q 0 0 0 rg BT 367.59 510.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.89 510.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 434.95 510.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 470.57 510.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.76 510.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 519.03 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.67 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.74 510.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 83.09 498.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.59 498.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 117.53 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.36 498.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.19 498.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 157.25 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.19 498.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 204.45 498.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 220.28 498.10 Td (production ) Tj ET Q q 0 0 0 rg BT 266.11 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.38 498.10 Td (which ) Tj ET Q q 0 0 0 rg BT 303.32 498.10 Td (those ) Tj ET Q q 0 0 0 rg BT 326.93 498.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 374.98 498.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 417.46 498.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 456.06 498.10 Td (relate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 98.96 474.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.91 474.10 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 172.85 474.10 Td (POLICIES ) Tj ET Q q 0 0 0 rg BT 222.60 474.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 246.76 474.10 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 285.47 474.10 Td (TES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.77 450.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 134.02 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.07 450.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.76 450.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 227.70 450.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.19 450.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 285.87 450.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.37 450.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 346.29 450.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 383.98 450.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 430.57 450.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 472.72 450.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 507.65 450.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.36 450.10 Td (we ) Tj ET Q q 0 0 0 rg BT 539.74 450.10 Td (select ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.93 438.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 125.04 438.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 158.37 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.04 438.10 Td (make ) Tj ET Q q 0 0 0 rg BT 198.92 438.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 228.36 438.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 267.80 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.47 438.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 328.36 438.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 368.91 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.36 438.10 Td (application ) Tj ET Q q 0 0 0 rg BT 430.02 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.58 438.10 Td (those ) Tj ET Q q 0 0 0 rg BT 463.92 438.10 Td (policies.Our ) Tj ET Q q 0 0 0 rg BT 520.30 438.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.82 426.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 131.37 426.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.03 426.10 Td (included ) Tj ET Q q 0 0 0 rg BT 184.91 426.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.14 426.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 219.03 426.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.03 426.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 229.97 426.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 276.50 426.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 325.49 426.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.71 426.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.65 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.88 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.55 426.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 446.77 426.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.43 426.10 Td (Statements.) Tj ET Q q 0 0 0 rg BT 538.63 426.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 85.35 414.10 Td (along ) Tj ET Q q 0 0 0 rg BT 109.81 414.10 Td (with ) Tj ET Q q 0 0 0 rg BT 129.83 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.29 414.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 189.85 414.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 241.54 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.23 414.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 302.13 414.10 Td (by ) Tj ET Q q 0 0 0 rg BT 314.38 414.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.95 414.10 Td (management ) Tj ET Q q 0 0 0 rg BT 383.28 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.30 414.10 Td (their ) Tj ET Q q 0 0 0 rg BT 413.87 414.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 463.04 414.10 Td (have ) Tj ET Q q 0 0 0 rg BT 484.16 414.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.84 414.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 535.30 414.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.97 402.10 Td (our ) Tj ET Q q 0 0 0 rg BT 79.76 402.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 133.77 402.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.22 402.10 Td (statements.Following ) Tj ET Q q 0 0 0 rg BT 266.51 402.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.65 402.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.55 402.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 329.69 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.48 402.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.28 402.10 Td (most ) Tj ET Q q 0 0 0 rg BT 381.19 402.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 412.42 402.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 459.76 402.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 502.93 402.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 548.06 402.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 103.09 390.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.58 390.10 Td (are ) Tj ET Q q 0 0 0 rg BT 135.29 390.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 170.55 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.83 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.55 390.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 243.58 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.41 390.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.24 390.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.72 390.10 Td (statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 366.10 Td (Full ) Tj ET Q q 0 0 0 rg BT 68.67 366.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 89.50 366.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 122.55 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.65 366.10 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 183.19 366.10 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 225.13 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.63 366.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 262.81 366.10 Td (eciation ) Tj ET Q q 0 0 0 rg BT 297.52 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.02 366.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 330.30 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.80 366.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 381.41 366.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 400.03 366.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 409.66 366.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 113.81 342.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 151.21 342.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.41 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.04 342.10 Td (production ) Tj ET Q q 0 0 0 rg BT 221.77 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.52 342.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 245.49 342.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.34 342.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 292.52 342.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 308.26 342.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.88 342.10 Td (required ) Tj ET Q q 0 0 0 rg BT 358.61 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.80 342.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 397.33 342.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 443.61 342.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 465.46 342.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.87 342.10 Td (are ) Tj ET Q q 0 0 0 rg BT 497.49 342.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 527.12 342.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.31 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.94 342.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.33 330.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 82.06 330.10 Td (industry) Tj ET Q q 0 0 0 rg BT 114.19 330.10 Td (.) Tj ET Q q 0 0 0 rg BT 121.51 330.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.15 330.10 Td (e ) Tj ET Q q 0 0 0 rg BT 136.98 330.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 161.60 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.21 330.10 Td (full ) Tj ET Q q 0 0 0 rg BT 192.49 330.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 211.00 330.10 Td (method ) Tj ET Q q 0 0 0 rg BT 243.39 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.12 330.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 300.38 330.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.44 330.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.17 330.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 343.12 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.96 330.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.12 330.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 405.84 330.10 Td (properties.) Tj ET Q q 0 0 0 rg BT 452.78 330.10 Td (Another ) Tj ET Q q 0 0 0 rg BT 487.94 330.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 532.52 330.10 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.27 318.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 106.58 318.10 Td (for ) Tj ET Q q 0 0 0 rg BT 120.68 318.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 133.67 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.55 318.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 180.75 318.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 196.52 318.10 Td (production ) Tj ET Q q 0 0 0 rg BT 242.29 318.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 280.83 318.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.93 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.59 318.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 348.13 318.10 Td (ef) Tj ET Q q 0 0 0 rg BT 355.72 318.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 376.48 318.10 Td (method ) Tj ET Q q 0 0 0 rg BT 408.92 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.69 318.10 Td (accounting.In ) Tj ET Q q 0 0 0 rg BT 481.83 318.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 516.19 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.85 318.10 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 306.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 96.10 306.10 Td (between ) Tj ET Q q 0 0 0 rg BT 131.78 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.36 306.10 Td (two ) Tj ET Q q 0 0 0 rg BT 163.72 306.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 199.97 306.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.54 306.10 Td (related ) Tj ET Q q 0 0 0 rg BT 244.10 306.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.25 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.83 306.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 325.05 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.75 306.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 358.11 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.91 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.49 306.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 433.50 306.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.53 306.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 469.33 306.10 Td (impairment.Under ) Tj ET Q q 0 0 0 rg BT 550.28 306.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (full ) Tj ET Q q 0 0 0 rg BT 65.64 294.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.01 294.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 118.76 294.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.01 294.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 174.92 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.61 294.10 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 241.63 294.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 266.38 294.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 314.73 294.10 Td (dry ) Tj ET Q q 0 0 0 rg BT 330.32 294.10 Td (holes ) Tj ET Q q 0 0 0 rg BT 353.68 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.38 294.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 394.29 294.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 423.20 294.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.66 294.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 483.23 294.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.26 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.73 294.10 Td (full ) Tj ET Q q 0 0 0 rg BT 523.88 294.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 542.24 294.10 Td (pool, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (whereas ) Tj ET Q q 0 0 0 rg BT 85.52 282.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.54 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.01 282.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 171.37 282.10 Td (ef) Tj ET Q q 0 0 0 rg BT 178.96 282.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 200.54 282.10 Td (method ) Tj ET Q q 0 0 0 rg BT 233.80 282.10 Td (such ) Tj ET Q q 0 0 0 rg BT 255.38 282.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.64 282.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.10 282.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 334.57 282.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.16 282.10 Td (incurred.In ) Tj ET Q q 0 0 0 rg BT 398.56 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.03 282.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 461.73 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.31 282.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 522.67 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.26 282.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 282.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.54 270.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.15 270.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 139.91 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.41 270.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 197.78 270.10 Td (ef) Tj ET Q q 0 0 0 rg BT 205.37 270.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 225.98 270.10 Td (method ) Tj ET Q q 0 0 0 rg BT 258.25 270.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 290.53 270.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.02 270.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 352.84 270.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.79 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.29 270.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 430.23 270.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.39 270.10 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 479.23 270.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.29 270.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 537.51 270.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 71.41 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.66 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.79 258.10 Td (F) Tj ET Q q 0 0 0 rg BT 100.61 258.10 Td (ASC, ) Tj ET Q q 0 0 0 rg BT 124.48 258.10 Td (under ) Tj ET Q q 0 0 0 rg BT 149.17 258.10 Td (which ) Tj ET Q q 0 0 0 rg BT 175.52 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.65 258.10 Td (net ) Tj ET Q q 0 0 0 rg BT 203.79 258.10 Td (book ) Tj ET Q q 0 0 0 rg BT 225.70 258.10 Td (value ) Tj ET Q q 0 0 0 rg BT 249.28 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.52 258.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.77 258.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.35 258.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 333.59 258.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.16 258.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 395.18 258.10 Td (against ) Tj ET Q q 0 0 0 rg BT 425.42 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.55 258.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 494.80 258.10 Td (future ) Tj ET Q q 0 0 0 rg BT 520.59 258.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.27 258.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.45 246.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 121.27 246.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 147.42 246.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 189.70 246.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.75 246.10 Td (management ) Tj ET Q q 0 0 0 rg BT 263.11 246.10 Td (expectations.Under ) Tj ET Q q 0 0 0 rg BT 347.86 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.35 246.10 Td (full ) Tj ET Q q 0 0 0 rg BT 378.51 246.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.90 246.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 431.67 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.16 246.10 Td (full ) Tj ET Q q 0 0 0 rg BT 462.32 246.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.71 246.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 500.76 246.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 518.58 246.10 Td (book ) Tj ET Q q 0 0 0 rg BT 540.86 246.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.73 234.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 72.20 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.54 234.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 118.21 234.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 133.44 234.10 Td (properties\) ) Tj ET Q q 0 0 0 rg BT 178.66 234.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.23 234.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 227.45 234.10 Td (against ) Tj ET Q q 0 0 0 rg BT 257.68 234.10 Td (future ) Tj ET Q q 0 0 0 rg BT 283.46 234.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 303.14 234.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 327.26 234.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 372.49 234.10 Td (at ) Tj ET Q q 0 0 0 rg BT 381.61 234.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 401.85 234.10 Td (using ) Tj ET Q q 0 0 0 rg BT 425.42 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.54 234.10 Td (average ) Tj ET Q q 0 0 0 rg BT 472.53 234.10 Td (first-day-of-the-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.27 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.91 222.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 108.89 222.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 124.43 222.10 Td (price ) Tj ET Q q 0 0 0 rg BT 146.62 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.49 222.10 Td (each ) Tj ET Q q 0 0 0 rg BT 181.02 222.10 Td (month ) Tj ET Q q 0 0 0 rg BT 208.78 222.10 Td (during ) Tj ET Q q 0 0 0 rg BT 237.10 222.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.75 222.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 284.84 222.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 313.72 222.10 Td (period ) Tj ET Q q 0 0 0 rg BT 341.48 222.10 Td (through ) Tj ET Q q 0 0 0 rg BT 374.79 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.22 222.10 Td (end ) Tj ET Q q 0 0 0 rg BT 405.87 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.41 222.10 Td (each ) Tj ET Q q 0 0 0 rg BT 436.93 222.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 475.23 222.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 514.10 222.10 Td (period.) Tj ET Q q 0 0 0 rg BT 546.97 222.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.39 210.10 Td (results ) Tj ET Q q 0 0 0 rg BT 114.40 210.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.97 210.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.31 210.10 Td (given ) Tj ET Q q 0 0 0 rg BT 158.43 210.10 Td (period ) Tj ET Q q 0 0 0 rg BT 185.89 210.10 Td (could ) Tj ET Q q 0 0 0 rg BT 210.01 210.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.35 210.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 273.81 210.10 Td (dif) Tj ET Q q 0 0 0 rg BT 284.74 210.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 309.96 210.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 353.52 210.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.43 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.55 210.10 Td (method ) Tj ET Q q 0 0 0 rg BT 411.45 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.69 210.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 467.46 210.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.36 210.10 Td (an ) Tj ET Q q 0 0 0 rg BT 495.71 210.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 508.17 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.51 210.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 539.75 210.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (applies.Further) Tj ET Q q 0 0 0 rg BT 114.36 198.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.20 198.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.19 198.10 Td (do ) Tj ET Q q 0 0 0 rg BT 145.52 198.10 Td (not ) Tj ET Q q 0 0 0 rg BT 160.63 198.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 200.73 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.39 198.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 229.28 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.05 198.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 276.15 198.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.81 198.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 334.13 198.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 372.55 198.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.22 198.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 417.77 198.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 466.77 198.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.76 198.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 526.96 198.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.02 186.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 89.99 186.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 138.84 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.59 186.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.03 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.78 186.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 216.53 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.61 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.58 186.10 Td (F) Tj ET Q q 0 0 0 rg BT 247.40 186.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 269.61 186.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 288.46 186.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 321.48 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.67 186.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.76 186.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.95 186.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 384.42 186.10 Td (these ) Tj ET Q q 0 0 0 rg BT 407.72 186.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 446.56 186.10 Td (are ) Tj ET Q q 0 0 0 rg BT 461.52 186.10 Td (not ) Tj ET Q q 0 0 0 rg BT 477.05 186.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 523.12 186.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.65 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.62 186.10 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.11 174.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 97.82 174.10 Td (test.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 150.10 Td (e ) Tj ET Q q 0 0 0 rg BT 84.02 150.10 Td (make ) Tj ET Q q 0 0 0 rg BT 109.12 150.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 154.78 150.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 195.43 150.10 Td (at ) Tj ET Q q 0 0 0 rg BT 206.10 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.76 150.10 Td (end ) Tj ET Q q 0 0 0 rg BT 239.64 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.42 150.10 Td (each ) Tj ET Q q 0 0 0 rg BT 273.18 150.10 Td (period ) Tj ET Q q 0 0 0 rg BT 302.17 150.10 Td (related ) Tj ET Q q 0 0 0 rg BT 332.81 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.04 150.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 380.24 150.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.34 150.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 409.34 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.23 150.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 458.44 150.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 475.21 150.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 516.69 150.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 95.13 138.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.46 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.22 138.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 174.31 138.10 Td (expenses.) Tj ET Q q 0 0 0 rg BT 217.73 138.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.37 138.10 Td (e ) Tj ET Q q 0 0 0 rg BT 233.14 138.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 270.99 138.10 Td (these ) Tj ET Q q 0 0 0 rg BT 293.86 138.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 333.40 138.10 Td (with ) Tj ET Q q 0 0 0 rg BT 353.51 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.16 138.10 Td (best ) Tj ET Q q 0 0 0 rg BT 387.60 138.10 Td (available ) Tj ET Q q 0 0 0 rg BT 426.01 138.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 447.50 138.10 Td (which ) Tj ET Q q 0 0 0 rg BT 474.26 138.10 Td (includes, ) Tj ET Q q 0 0 0 rg BT 512.41 138.10 Td (among ) Tj ET Q q 0 0 0 rg BT 541.96 138.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 78.59 126.10 Td (production ) Tj ET Q q 0 0 0 rg BT 124.05 126.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 156.46 126.10 Td (price ) Tj ET Q q 0 0 0 rg BT 178.59 126.10 Td (posting, ) Tj ET Q q 0 0 0 rg BT 212.68 126.10 Td (information ) Tj ET Q q 0 0 0 rg BT 262.03 126.10 Td (compiled ) Tj ET Q q 0 0 0 rg BT 301.38 126.10 Td (from ) Tj ET Q q 0 0 0 rg BT 322.96 126.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 345.09 126.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 376.68 126.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 406.59 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.17 126.10 Td (other ) Tj ET Q q 0 0 0 rg BT 445.85 126.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 478.53 126.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 513.44 126.10 Td (devices, ) Tj ET Q q 0 0 0 rg BT 548.06 126.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 83.65 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.91 114.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 133.05 114.10 Td (results ) Tj ET Q q 0 0 0 rg BT 161.09 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.46 114.10 Td (trends.) Tj ET Q q 0 0 0 rg BT 209.21 114.10 Td (While ) Tj ET Q q 0 0 0 rg BT 235.58 114.10 Td (management ) Tj ET Q q 0 0 0 rg BT 288.60 114.10 Td (is ) Tj ET Q q 0 0 0 rg BT 297.20 114.10 Td (not ) Tj ET Q q 0 0 0 rg BT 311.91 114.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 337.70 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.96 114.10 Td (any ) Tj ET Q q 0 0 0 rg BT 364.33 114.10 Td (required ) Tj ET Q q 0 0 0 rg BT 399.58 114.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 437.62 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.32 114.10 Td (its ) Tj ET Q q 0 0 0 rg BT 458.70 114.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 500.35 114.10 Td (there ) Tj ET Q q 0 0 0 rg BT 522.26 114.10 Td (will ) Tj ET Q q 0 0 0 rg BT 539.75 114.10 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.27 102.10 Td (future ) Tj ET Q q 0 0 0 rg BT 89.49 102.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 140.60 102.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 178.93 102.10 Td (from ) Tj ET Q q 0 0 0 rg BT 201.70 102.10 Td (such ) Tj ET Q q 0 0 0 rg BT 223.37 102.10 Td (things ) Tj ET Q q 0 0 0 rg BT 251.16 102.10 Td (as ) Tj ET Q q 0 0 0 rg BT 262.82 102.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 302.27 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.38 102.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 355.04 102.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 368.93 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.71 102.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 417.81 102.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 434.47 102.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 474.20 102.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 509.74 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.85 102.10 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 87.33 90.10 Td (payouts, ) Tj ET Q q 0 0 0 rg BT 122.94 90.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 143.27 90.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 175.26 90.10 Td (audits, ) Tj ET Q q 0 0 0 rg BT 203.65 90.10 Td (re-allocations ) Tj ET Q q 0 0 0 rg BT 260.07 90.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.07 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.29 90.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 331.05 90.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.38 90.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 381.99 90.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.32 90.10 Td (other ) Tj ET Q q 0 0 0 rg BT 414.87 90.10 Td (corrections ) Tj ET Q q 0 0 0 rg BT 461.30 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.74 90.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 527.51 90.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.25 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.43 78.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 88.96 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.36 78.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.66 78.10 Td (industry) Tj ET Q q 0 0 0 rg BT 154.79 78.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.26 78.10 Td (many ) Tj ET Q q 0 0 0 rg BT 185.44 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.74 78.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.14 78.10 Td (will ) Tj ET Q q 0 0 0 rg BT 242.67 78.10 Td (require ) Tj ET Q q 0 0 0 rg BT 273.95 78.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 319.67 78.10 Td (application.) Tj ET Q q 0 0 0 rg BT 371.42 78.10 Td (These ) Tj ET Q q 0 0 0 rg BT 398.26 78.10 Td (types ) Tj ET Q q 0 0 0 rg BT 422.34 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.64 78.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 484.38 78.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 514.00 78.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.41 78.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.32 66.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.15 66.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 148.63 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.57 66.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.63 66.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.56 66.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 233.04 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.32 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.04 66.10 Td (period ) Tj ET Q q 0 0 0 rg BT 286.08 66.10 Td (during ) Tj ET Q q 0 0 0 rg BT 314.69 66.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.63 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.35 66.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 402.73 66.10 Td (occurs.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.85 701.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.10 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.57 701.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 178.31 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.89 701.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 233.57 701.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 274.81 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.50 701.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 315.64 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.55 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.36 701.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 375.48 701.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 391.17 701.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 426.29 701.10 Td (used ) Tj ET Q q 0 0 0 rg BT 446.99 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.13 701.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 493.92 701.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 533.50 701.10 Td (and ) 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 (related ) Tj ET Q q 0 0 0 rg BT 78.55 689.10 Td (present ) Tj ET Q q 0 0 0 rg BT 109.27 689.10 Td (value ) Tj ET Q q 0 0 0 rg BT 132.77 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.95 689.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 183.11 689.10 Td (future ) Tj ET Q q 0 0 0 rg BT 208.84 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 222.90 689.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.51 689.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 266.58 689.10 Td (therefrom ) Tj ET Q q 0 0 0 rg BT 307.85 689.10 Td (used ) Tj ET Q q 0 0 0 rg BT 328.03 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.65 689.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 371.70 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.76 689.10 Td (full ) Tj ET Q q 0 0 0 rg BT 401.50 689.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 419.45 689.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 448.51 689.10 Td (test ) Tj ET Q q 0 0 0 rg BT 464.24 689.10 Td (have ) Tj ET Q q 0 0 0 rg BT 484.96 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.25 689.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 535.31 689.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.17 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 677.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 120.04 677.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.69 677.10 Td (statements.) Tj ET Q q 0 0 0 rg BT 206.22 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.44 677.10 Td (process ) Tj ET Q q 0 0 0 rg BT 255.10 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.09 677.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 308.42 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 320.65 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.75 677.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.18 677.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 381.18 677.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 415.61 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.94 677.10 Td (very ) Tj ET Q q 0 0 0 rg BT 443.38 677.10 Td (complex, ) Tj ET Q q 0 0 0 rg BT 481.98 677.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 520.30 677.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 89.77 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.61 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.89 665.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 160.59 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.98 665.10 Td (all ) Tj ET Q q 0 0 0 rg BT 185.04 665.10 Td (available ) Tj ET Q q 0 0 0 rg BT 224.18 665.10 Td (geological, ) Tj ET Q q 0 0 0 rg BT 271.39 665.10 Td (geophysical, ) Tj ET Q q 0 0 0 rg BT 324.71 665.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 374.97 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.47 665.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 434.40 665.10 Td (data.) Tj ET Q q 0 0 0 rg BT 458.38 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.98 665.10 Td (data ) Tj ET Q q 0 0 0 rg BT 496.69 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.41 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.91 665.10 Td (given ) Tj ET Q q 0 0 0 rg BT 544.18 665.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (may ) Tj ET Q q 0 0 0 rg BT 70.25 653.10 Td (also ) Tj ET Q q 0 0 0 rg BT 89.90 653.10 Td (change ) Tj ET Q q 0 0 0 rg BT 121.75 653.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 175.83 653.10 Td (over ) Tj ET Q q 0 0 0 rg BT 197.14 653.10 Td (time ) Tj ET Q q 0 0 0 rg BT 218.45 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.31 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.28 653.10 Td (result ) Tj ET Q q 0 0 0 rg BT 264.04 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.90 653.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 318.88 653.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 352.12 653.10 Td (including ) Tj ET Q q 0 0 0 rg BT 393.43 653.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 436.95 653.10 Td (development ) Tj ET Q q 0 0 0 rg BT 492.14 653.10 Td (activity) Tj ET Q q 0 0 0 rg BT 521.48 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.51 653.10 Td (evolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (production ) Tj ET Q q 0 0 0 rg BT 96.11 641.10 Td (history ) Tj ET Q q 0 0 0 rg BT 127.17 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.89 641.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 187.60 641.10 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 243.09 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.70 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.20 641.10 Td (viability ) Tj ET Q q 0 0 0 rg BT 306.81 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.42 641.10 Td (production ) Tj ET Q q 0 0 0 rg BT 365.03 641.10 Td (under ) Tj ET Q q 0 0 0 rg BT 391.08 641.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 424.91 641.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 467.06 641.10 Td (conditions.) Tj ET Q q 0 0 0 rg BT 515.67 641.10 Td (As ) Tj ET Q q 0 0 0 rg BT 530.07 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 641.10 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.62 629.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 123.09 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.23 629.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 167.26 629.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 198.49 629.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 238.06 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.64 629.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 282.21 629.10 Td (from ) Tj ET Q q 0 0 0 rg BT 304.01 629.10 Td (time ) Tj ET Q q 0 0 0 rg BT 324.15 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.29 629.10 Td (time.) Tj ET Q q 0 0 0 rg BT 359.01 629.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 399.15 629.10 Td (every ) Tj ET Q q 0 0 0 rg BT 423.72 629.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 468.84 629.10 Td (ef) Tj ET Q q 0 0 0 rg BT 476.42 629.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 493.23 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.26 629.10 Td (made ) Tj ET Q q 0 0 0 rg BT 526.28 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.42 629.10 Td (ensure ) 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 64.15 617.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 99.91 617.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 131.21 617.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 170.86 617.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 209.95 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.60 617.10 Td (most ) Tj ET Q q 0 0 0 rg BT 246.49 617.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 282.23 617.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 332.99 617.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 370.71 617.10 Td (including ) Tj ET Q q 0 0 0 rg BT 410.92 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.58 617.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 451.90 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.67 617.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 513.98 617.10 Td (engineers ) Tj ET Q q 0 0 0 rg BT 554.73 617.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 81.09 605.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 116.01 605.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 157.33 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.16 605.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 213.31 605.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 252.14 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.19 605.10 Td (variances ) Tj ET Q q 0 0 0 rg BT 307.55 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.94 605.10 Td (available ) Tj ET Q q 0 0 0 rg BT 354.64 605.10 Td (data ) Tj ET Q q 0 0 0 rg BT 372.91 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.18 605.10 Td (various ) Tj ET Q q 0 0 0 rg BT 417.23 605.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 441.05 605.10 Td (make ) Tj ET Q q 0 0 0 rg BT 464.32 605.10 Td (these ) Tj ET Q q 0 0 0 rg BT 486.48 605.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 525.30 605.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (less ) Tj ET Q q 0 0 0 rg BT 66.93 593.10 Td (precise ) Tj ET Q q 0 0 0 rg BT 97.67 593.10 Td (than ) Tj ET Q q 0 0 0 rg BT 117.32 593.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.29 593.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 179.93 593.10 Td (included ) Tj ET Q q 0 0 0 rg BT 216.79 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.00 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.76 593.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.17 593.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 320.92 593.10 Td (disclosures.Over ) Tj ET Q q 0 0 0 rg BT 395.27 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.92 593.10 Td (last ) Tj ET Q q 0 0 0 rg BT 426.23 593.10 Td (four ) Tj ET Q q 0 0 0 rg BT 445.32 593.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 471.35 593.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 500.43 593.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 538.97 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.17 593.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 81.71 581.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 124.76 581.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 167.54 581.10 Td (any ) Tj ET Q q 0 0 0 rg BT 185.32 581.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 224.77 581.10 Td (related ) Tj ET Q q 0 0 0 rg BT 255.31 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.43 581.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 301.98 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.10 581.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 361.99 581.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 391.71 581.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.93 581.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 453.35 581.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 514.45 581.10 Td (1.6% ) Tj ET Q q 0 0 0 rg BT 538.62 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 86.44 569.10 Td (year) Tj ET Q q 0 0 0 rg BT 104.02 569.10 Td () Tj ET Q q 0 0 0 rg BT 106.79 569.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.19 569.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 152.90 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.84 569.10 Td (have ) Tj ET Q q 0 0 0 rg BT 191.21 569.10 Td (been ) Tj ET Q q 0 0 0 rg BT 212.59 569.10 Td (both ) Tj ET Q q 0 0 0 rg BT 232.87 569.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 267.03 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.97 569.10 Td (negative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 104.56 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.96 545.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 163.14 545.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 189.64 545.10 Td (also ) Tj ET Q q 0 0 0 rg BT 208.37 545.10 Td (af) Tj ET Q q 0 0 0 rg BT 215.96 545.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 233.57 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.52 545.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 281.01 545.10 Td (quantities.) Tj ET Q q 0 0 0 rg BT 327.21 545.10 Td (These ) Tj ET Q q 0 0 0 rg BT 353.71 545.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 388.54 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.95 545.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 440.45 545.10 Td (af) Tj ET Q q 0 0 0 rg BT 448.04 545.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 465.65 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.60 545.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 510.49 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.12 545.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 533.23 545.10 Td (and ) 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 (combined ) Tj ET Q q 0 0 0 rg BT 91.94 533.10 Td (ef) Tj ET Q q 0 0 0 rg BT 99.53 533.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 117.52 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.86 533.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 164.07 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.86 533.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 216.75 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.19 533.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 282.75 533.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 309.63 533.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 343.74 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.08 533.10 Td (full ) Tj ET Q q 0 0 0 rg BT 376.97 533.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.09 533.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 426.31 533.10 Td (test ) Tj ET Q q 0 0 0 rg BT 443.20 533.10 Td (calculation.For ) Tj ET Q q 0 0 0 rg BT 511.47 533.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 550.85 533.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.31 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 102.80 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.73 521.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 125.55 521.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 160.80 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.07 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.90 521.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 222.71 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.53 521.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 263.79 521.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 295.15 521.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 336.53 521.10 Td (would ) Tj ET Q q 0 0 0 rg BT 364.02 521.10 Td (have ) Tj ET Q q 0 0 0 rg BT 385.39 521.10 Td (lowered ) Tj ET Q q 0 0 0 rg BT 420.09 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.91 521.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 462.84 521.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 521.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.14 521.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 545.03 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.53 521.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.44 509.10 Td ($5.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.94 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.45 509.10 Td (per ) Tj ET Q q 0 0 0 rg BT 111.73 509.10 Td (BOE ) Tj ET Q q 0 0 0 rg BT 134.23 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.52 509.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 204.78 509.10 Td ($5.42 ) Tj ET Q q 0 0 0 rg BT 229.79 509.10 Td (per ) Tj ET Q q 0 0 0 rg BT 245.06 509.10 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 270.07 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.01 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.96 509.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 309.80 509.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 346.72 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.00 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.84 509.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 403.11 509.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 434.49 509.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 475.87 509.10 Td (would ) Tj ET Q q 0 0 0 rg BT 503.38 509.10 Td (have ) Tj ET Q q 0 0 0 rg BT 524.76 509.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.96 497.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 94.85 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.97 497.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.08 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.99 497.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 187.87 497.10 Td ($5.92 ) Tj ET Q q 0 0 0 rg BT 213.49 497.10 Td (per ) Tj ET Q q 0 0 0 rg BT 229.39 497.10 Td (BOE.) Tj ET Q q 0 0 0 rg BT 256.34 497.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 280.85 497.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 312.84 497.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 354.85 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.42 497.10 Td (their ) Tj ET Q q 0 0 0 rg BT 393.87 497.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 429.76 497.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 460.93 497.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 509.04 497.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 536.05 497.10 Td (by ) 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 (lenders, ) Tj ET Q q 0 0 0 rg BT 84.79 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 100.92 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.05 485.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 152.63 485.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 183.75 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.45 485.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 247.68 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.82 485.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 308.29 485.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 353.87 485.10 Td (base ) Tj ET Q q 0 0 0 rg BT 375.55 485.10 Td (under ) Tj ET Q q 0 0 0 rg BT 402.24 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.48 485.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 447.84 485.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 482.30 485.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 505.65 485.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 532.33 485.10 Td (facility) Tj ET Q q 0 0 0 rg BT 560.00 485.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 98.09 473.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 139.47 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.41 473.10 Td (values ) Tj ET Q q 0 0 0 rg BT 184.46 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.29 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.12 473.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 241.38 473.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 284.98 473.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 328.03 473.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.86 449.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.11 449.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.59 449.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 175.83 449.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 200.14 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.17 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.74 449.10 Td (required ) Tj ET Q q 0 0 0 rg BT 264.42 449.10 Td (each ) Tj ET Q q 0 0 0 rg BT 285.11 449.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 315.79 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.94 449.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 360.51 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.32 449.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 396.90 449.10 Td (test ) Tj ET Q q 0 0 0 rg BT 413.15 449.10 Td (calculation.) Tj ET Q q 0 0 0 rg BT 464.34 449.10 Td (The ) Tj ET Q q 0 0 0 rg BT 482.26 449.10 Td (net ) Tj ET Q q 0 0 0 rg BT 496.84 449.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 542.51 449.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.34 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.42 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.37 437.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 120.65 437.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 136.49 437.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 178.99 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.71 437.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 224.56 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.85 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.58 437.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 274.87 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.71 437.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 338.21 437.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 356.83 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.67 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.41 437.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 401.03 437.10 Td (center ) Tj ET Q q 0 0 0 rg BT 427.97 437.10 Td (ceiling.) Tj ET Q q 0 0 0 rg BT 462.50 437.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.56 437.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 499.18 437.10 Td (center ) Tj ET Q q 0 0 0 rg BT 526.12 437.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 555.85 437.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.12 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.08 425.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 104.38 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.23 425.10 Td (present ) Tj ET Q q 0 0 0 rg BT 148.74 425.10 Td (value ) Tj ET Q q 0 0 0 rg BT 172.02 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.99 425.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 221.94 425.10 Td (future ) Tj ET Q q 0 0 0 rg BT 247.45 425.10 Td (net ) Tj ET Q q 0 0 0 rg BT 261.30 425.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.47 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 319.54 425.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 348.95 425.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.14 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.21 425.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 406.60 425.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 421.57 425.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 455.96 425.10 Td (before ) Tj ET Q q 0 0 0 rg BT 483.13 425.10 Td (future ) Tj ET Q q 0 0 0 rg BT 508.64 425.10 Td (abandonment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.49 413.10 Td (\(discounted ) Tj ET Q q 0 0 0 rg BT 120.14 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.36 413.10 Td (10%\), ) Tj ET Q q 0 0 0 rg BT 155.51 413.10 Td (based ) Tj ET Q q 0 0 0 rg BT 180.27 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.27 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.48 413.10 Td (average ) Tj ET Q q 0 0 0 rg BT 239.56 413.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 331.52 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.08 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.51 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.27 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 405.59 413.10 Td (price ) Tj ET Q q 0 0 0 rg BT 427.57 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.23 413.10 Td (each ) Tj ET Q q 0 0 0 rg BT 461.54 413.10 Td (month ) Tj ET Q q 0 0 0 rg BT 489.09 413.10 Td (during ) Tj ET Q q 0 0 0 rg BT 517.19 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.62 413.10 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 78.11 401.10 Td (period ) Tj ET Q q 0 0 0 rg BT 105.61 401.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 127.00 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.72 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.89 401.10 Td (end ) Tj ET Q q 0 0 0 rg BT 167.27 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.55 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.94 401.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 224.20 401.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 262.80 401.10 Td (period; ) Tj ET Q q 0 0 0 rg BT 293.07 401.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 311.69 401.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 325.30 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.47 401.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 357.52 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.80 401.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 409.73 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 424.46 401.10 Td (being ) Tj ET Q q 0 0 0 rg BT 448.63 401.10 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 493.33 401.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 511.95 401.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 525.56 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.72 401.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.80 389.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 79.88 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.17 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 132.46 389.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 149.31 389.10 Td (value ) Tj ET Q q 0 0 0 rg BT 173.93 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.23 389.10 Td (unproved ) Tj ET Q q 0 0 0 rg BT 225.97 389.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 268.92 389.10 Td (included ) Tj ET Q q 0 0 0 rg BT 306.33 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.07 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.26 389.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 355.23 389.10 Td (being ) Tj ET Q q 0 0 0 rg BT 380.41 389.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 425.86 389.10 Td (if ) Tj ET Q q 0 0 0 rg BT 434.94 389.10 Td (any; ) Tj ET Q q 0 0 0 rg BT 455.13 389.10 Td (less ) Tj ET Q q 0 0 0 rg BT 473.09 389.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 487.72 389.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.89 389.10 Td (income ) Tj ET Q q 0 0 0 rg BT 550.30 389.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 377.10 Td (fects.Our ) Tj ET Q q 0 0 0 rg BT 101.14 377.10 Td (future ) Tj ET Q q 0 0 0 rg BT 127.15 377.10 Td (net ) Tj ET Q q 0 0 0 rg BT 141.49 377.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 179.16 377.10 Td (from ) Tj ET Q q 0 0 0 rg BT 200.73 377.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 230.62 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.31 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.87 377.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 289.76 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 305.22 377.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 340.11 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.44 377.10 Td (not ) Tj ET Q q 0 0 0 rg BT 369.35 377.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 403.12 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.91 377.10 Td (development ) Tj ET Q q 0 0 0 rg BT 470.69 377.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 492.82 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 522.15 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.05 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.40 377.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 365.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 91.93 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.92 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.69 365.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 169.45 365.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 183.34 363.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.59 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.92 365.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 224.01 365.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 239.67 365.10 Td (those ) Tj ET Q q 0 0 0 rg BT 263.11 365.10 Td (related ) Tj ET Q q 0 0 0 rg BT 292.64 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.74 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.29 365.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 335.73 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.39 365.10 Td (constructing ) Tj ET Q q 0 0 0 rg BT 398.15 365.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 412.04 363.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.29 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.62 365.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 458.55 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 469.21 365.10 Td (we ) Tj ET Q q 0 0 0 rg BT 483.20 365.10 Td (do ) Tj ET Q q 0 0 0 rg BT 495.53 365.10 Td (not ) Tj ET Q q 0 0 0 rg BT 510.64 365.10 Td (have ) Tj ET Q q 0 0 0 rg BT 531.84 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.95 365.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.59 353.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 115.69 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.56 353.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 161.32 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.63 353.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 207.50 353.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 221.15 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.69 353.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 269.55 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.98 353.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 326.06 353.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 371.07 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 385.83 353.10 Td (include ) Tj ET Q q 0 0 0 rg BT 418.36 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.24 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.55 353.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 474.86 353.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 494.35 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 505.77 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.31 353.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.17 353.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.01 341.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.87 341.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 131.54 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.17 341.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 180.69 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.66 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.62 341.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 253.56 341.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 267.46 339.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.71 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.34 341.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.98 341.10 Td (related ) Tj ET Q q 0 0 0 rg BT 325.81 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.23 341.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 350.12 339.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.37 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.01 341.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 391.40 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.47 341.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 422.37 339.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.62 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.25 341.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 466.99 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.62 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.92 341.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 534.87 341.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 341.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 92.31 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.35 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.83 329.10 Td (process ) Tj ET Q q 0 0 0 rg BT 149.08 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.68 329.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 202.49 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.08 329.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 248.11 329.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 260.93 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.63 329.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 307.66 329.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 323.25 329.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 363.33 329.10 Td (The ) Tj ET Q q 0 0 0 rg BT 381.14 329.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 397.28 329.10 Td (value ) Tj ET Q q 0 0 0 rg BT 421.20 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.79 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.39 329.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.21 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.91 329.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 506.94 329.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 522.53 329.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 87.67 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.41 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 111.26 317.10 Td (included ) Tj ET Q q 0 0 0 rg BT 147.77 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.63 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.92 317.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 201.20 317.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 219.66 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.07 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.80 317.10 Td (do ) Tj ET Q q 0 0 0 rg BT 255.88 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 270.73 317.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 310.57 317.10 Td (these ) Tj ET Q q 0 0 0 rg BT 333.19 317.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 371.36 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.76 317.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 416.05 317.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 464.79 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.52 317.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 524.47 317.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 565.02 317.10 Td ( ) 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 67.55 305.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 86.16 305.10 Td (center ) Tj ET Q q 0 0 0 rg BT 113.08 305.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 142.79 305.10 Td (test ) Tj ET Q q 0 0 0 rg BT 159.18 305.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.35 305.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 205.82 305.10 Td (quarterly) Tj ET Q q 0 0 0 rg BT 241.27 305.10 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 85.54 281.10 Td (average ) Tj ET Q q 0 0 0 rg BT 119.11 281.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 211.58 281.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 250.73 281.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.78 281.10 Td (price ) Tj ET Q q 0 0 0 rg BT 286.26 281.10 Td (used ) Tj ET Q q 0 0 0 rg BT 307.08 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.35 281.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 361.50 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.32 281.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 407.58 281.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 442.83 281.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 479.20 281.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 525.58 281.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 548.07 281.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.18 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.30 269.10 Td (led ) Tj ET Q q 0 0 0 rg BT 104.20 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.66 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.67 269.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 180.56 269.10 Td (full ) Tj ET Q q 0 0 0 rg BT 197.13 269.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 215.92 269.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 236.38 269.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 266.27 269.10 Td (test ) Tj ET Q q 0 0 0 rg BT 282.84 269.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 335.51 269.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.75 269.10 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 398.93 269.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.82 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.50 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.62 269.10 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 467.81 269.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 496.60 269.10 Td (during ) Tj ET Q q 0 0 0 rg BT 525.39 269.10 Td (2016 ) 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 (2015, ) Tj ET Q q 0 0 0 rg BT 74.50 257.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.16 257.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.16 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.48 257.10 Td (W) Tj ET Q q 0 0 0 rg BT 138.12 257.10 Td (e ) Tj ET Q q 0 0 0 rg BT 145.06 257.10 Td (did ) Tj ET Q q 0 0 0 rg BT 160.33 257.10 Td (not ) Tj ET Q q 0 0 0 rg BT 175.61 257.10 Td (record ) Tj ET Q q 0 0 0 rg BT 203.65 257.10 Td (any ) Tj ET Q q 0 0 0 rg BT 220.59 257.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 250.30 257.10 Td (test ) Tj ET Q q 0 0 0 rg BT 266.69 257.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 315.29 257.10 Td (during ) Tj ET Q q 0 0 0 rg BT 343.89 257.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 233.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.20 233.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 114.93 233.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 143.76 233.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 193.70 233.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 215.32 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 236.39 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.24 233.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 302.40 233.10 Td (base ) Tj ET Q q 0 0 0 rg BT 321.80 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.87 233.10 Td (full ) Tj ET Q q 0 0 0 rg BT 353.38 233.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 371.12 233.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 399.96 233.10 Td (test ) Tj ET Q q 0 0 0 rg BT 415.47 233.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 449.32 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.16 233.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 520.33 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.29 233.10 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.73 221.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 114.95 221.10 Td (can ) Tj ET Q q 0 0 0 rg BT 131.29 221.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.20 221.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 180.10 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.34 221.10 Td (such ) Tj ET Q q 0 0 0 rg BT 211.13 221.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 256.08 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.37 221.10 Td (These ) Tj ET Q q 0 0 0 rg BT 284.71 221.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 307.17 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.84 221.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 367.61 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.85 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.53 221.10 Td (full ) Tj ET Q q 0 0 0 rg BT 408.88 221.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 427.45 221.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 480.45 221.10 Td (base ) Tj ET Q q 0 0 0 rg BT 500.69 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.93 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.61 221.10 Td (course ) Tj ET Q q 0 0 0 rg BT 554.17 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (these ) Tj ET Q q 0 0 0 rg BT 71.69 209.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 113.31 209.10 Td (being ) Tj ET Q q 0 0 0 rg BT 137.17 209.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 182.41 209.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 207.37 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.45 209.10 Td (evaluated. ) Tj ET Q q 0 0 0 rg BT 265.90 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.18 209.10 Td (At ) Tj ET Q q 0 0 0 rg BT 278.82 209.10 Td (least ) Tj ET Q q 0 0 0 rg BT 298.79 209.10 Td (annually) Tj ET Q q 0 0 0 rg BT 332.57 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.71 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.01 209.10 Td (test ) Tj ET Q q 0 0 0 rg BT 365.54 209.10 Td (these ) Tj ET Q q 0 0 0 rg BT 387.73 209.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.70 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.00 209.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.74 209.10 Td (based ) Tj ET Q q 0 0 0 rg BT 498.15 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 509.79 209.10 Td (an ) Tj ET Q q 0 0 0 rg BT 520.87 209.10 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.13 197.10 Td (management) Tj ET Q q 0 0 0 rg BT 114.00 197.10 Td (s ) Tj ET Q q 0 0 0 rg BT 120.20 197.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 172.48 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.12 197.10 Td (future ) Tj ET Q q 0 0 0 rg BT 209.30 197.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 242.43 197.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 286.38 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.02 197.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 319.31 197.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 362.16 197.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 389.18 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.92 197.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 439.88 197.10 Td (project ) Tj ET Q q 0 0 0 rg BT 469.95 197.10 Td (development ) Tj ET Q q 0 0 0 rg BT 523.90 197.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 565.00 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.75 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.33 185.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.69 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.16 185.10 Td (this ) Tj ET Q q 0 0 0 rg BT 120.75 185.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 157.61 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 171.41 185.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 217.42 185.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 269.55 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.02 185.10 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 304.66 185.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.55 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.19 185.10 Td ($21.0 ) Tj ET Q q 0 0 0 rg BT 362.83 185.10 Td (million ) Tj ET Q q 0 0 0 rg BT 393.87 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.44 185.10 Td ($17.9 ) Tj ET Q q 0 0 0 rg BT 435.09 185.10 Td (million ) Tj ET Q q 0 0 0 rg BT 466.12 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.59 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.06 185.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 542.51 185.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.70 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.02 173.10 Td (years ) Tj ET Q q 0 0 0 rg BT 118.21 173.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 145.18 173.10 Td (December ) Tj ET Q q 0 0 0 rg BT 189.36 173.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 204.96 173.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 230.55 173.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 253.65 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.18 173.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 296.78 173.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 344.44 173.10 Td (, ) Tj ET Q q 0 0 0 rg BT 350.04 173.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 387.56 173.10 Td (these ) Tj ET Q q 0 0 0 rg BT 411.20 173.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 434.30 173.10 Td (were ) Tj ET Q q 0 0 0 rg BT 456.82 173.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 503.23 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.10 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.41 173.10 Td (full ) Tj ET Q q 0 0 0 rg BT 546.39 173.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.54 161.10 Td (base.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 137.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 137.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 121.90 137.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.94 113.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 117.70 113.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.24 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.33 113.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 221.31 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.97 113.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 274.29 113.10 Td (that ) Tj ET Q q 0 0 0 rg BT 292.17 113.10 Td (have ) Tj ET Q q 0 0 0 rg BT 313.93 113.10 Td (already ) Tj ET Q q 0 0 0 rg BT 346.24 113.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 386.33 113.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 431.43 113.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 468.20 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.42 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 492.86 113.10 Td (over ) Tj ET Q q 0 0 0 rg BT 513.52 113.10 Td (many ) Tj ET Q q 0 0 0 rg BT 538.62 113.10 Td (years; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (however) Tj ET Q q 0 0 0 rg BT 83.53 101.10 Td (, ) Tj ET Q q 0 0 0 rg BT 87.62 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.98 101.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 143.53 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 162.89 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 101.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 197.72 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.97 101.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 250.87 101.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 280.23 101.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 317.07 101.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.32 101.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 358.56 101.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 399.01 101.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 428.37 101.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 462.71 101.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 505.39 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 524.76 101.10 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.22 89.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 132.72 89.10 Td (such ) Tj ET Q q 0 0 0 rg BT 153.79 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.87 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 178.76 87.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.01 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.75 89.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 222.48 89.10 Td (until ) Tj ET Q q 0 0 0 rg BT 243.56 89.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.96 89.10 Td (can ) Tj ET Q q 0 0 0 rg BT 274.58 89.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 326.19 89.10 Td (production ) Tj ET Q q 0 0 0 rg BT 372.26 89.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 410.00 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 432.18 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.13 89.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 478.75 89.10 Td (process ) Tj ET Q q 0 0 0 rg BT 511.48 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.55 89.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 550.29 89.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (field ) Tj ET Q q 0 0 0 rg BT 70.44 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 79.73 77.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 122.90 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.30 77.10 Td (an ) Tj ET Q q 0 0 0 rg BT 145.36 77.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 179.64 77.10 Td (flood.Our ) Tj ET Q q 0 0 0 rg BT 226.42 77.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 249.04 77.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 292.75 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.15 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.99 77.10 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 75.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.13 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.75 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 362.03 77.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 396.86 77.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 411.14 77.10 Td (acquire\) ) Tj ET Q q 0 0 0 rg BT 446.51 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.57 77.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 488.40 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.23 77.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 549.17 77.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 65.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 126.69 65.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.19 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.02 65.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 208.35 65.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 266.39 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.33 65.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 332.21 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.15 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.43 65.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 376.37 65.10 Td (royalties.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 701.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.17 701.10 Td (capitalize, ) Tj ET Q q 0 0 0 rg BT 126.56 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.48 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.51 701.10 Td (development ) Tj ET Q q 0 0 0 rg BT 198.75 701.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 219.95 701.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 257.53 701.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.12 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.49 701.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 315.30 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.88 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.05 701.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.96 701.10 Td (development ) Tj ET Q q 0 0 0 rg BT 433.21 701.10 Td (stage, ) Tj ET Q q 0 0 0 rg BT 458.84 701.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.87 701.10 Td (means ) Tj ET Q q 0 0 0 rg BT 514.01 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 528.26 701.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.73 701.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.29 689.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 84.63 689.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 134.41 689.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.54 689.10 Td (production ) Tj ET Q q 0 0 0 rg BT 193.44 689.10 Td (due ) Tj ET Q q 0 0 0 rg BT 210.45 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.80 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.60 689.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 249.49 687.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.74 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.31 689.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 296.77 689.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 317.39 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.40 689.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.30 689.10 Td (response\).) Tj ET Q q 0 0 0 rg BT 415.94 689.10 Td (These ) Tj ET Q q 0 0 0 rg BT 442.39 689.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 488.27 689.10 Td (development ) Tj ET Q q 0 0 0 rg BT 542.50 689.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.03 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.44 677.10 Td (included ) Tj ET Q q 0 0 0 rg BT 117.84 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.59 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.89 677.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 196.17 677.10 Td (property ) Tj ET Q q 0 0 0 rg BT 233.02 677.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 255.99 677.10 Td (if ) Tj ET Q q 0 0 0 rg BT 265.06 677.10 Td (there ) Tj ET Q q 0 0 0 rg BT 288.02 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.20 677.10 Td (not ) Tj ET Q q 0 0 0 rg BT 318.95 677.10 Td (already ) Tj ET Q q 0 0 0 rg BT 351.34 677.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 382.08 677.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 413.92 677.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 449.65 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.40 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.36 677.10 Td (field.) Tj ET Q q 0 0 0 rg BT 503.64 677.10 Td (After ) Tj ET Q q 0 0 0 rg BT 527.71 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 542.34 677.10 Td (see ) Tj ET Q q 0 0 0 rg BT 558.08 677.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 94.21 665.10 Td (response ) Tj ET Q q 0 0 0 rg BT 130.58 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.74 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.34 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.24 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.48 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.87 665.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 212.13 665.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 231.56 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 289.87 665.10 Td (stage\), ) Tj ET Q q 0 0 0 rg BT 317.63 665.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 354.01 665.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 375.39 665.10 Td (will ) Tj ET Q q 0 0 0 rg BT 392.33 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.15 665.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 441.74 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.45 665.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 488.65 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.48 665.10 Td (any ) Tj ET Q q 0 0 0 rg BT 520.30 665.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.71 653.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 136.93 653.10 Td (development ) Tj ET Q q 0 0 0 rg BT 191.48 653.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 214.39 653.10 Td (will ) Tj ET Q q 0 0 0 rg BT 232.85 653.10 Td (become ) Tj ET Q q 0 0 0 rg BT 266.85 653.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 298.08 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.76 653.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 348.88 653.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 371.79 653.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 420.23 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.47 653.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 462.14 653.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 493.92 653.10 Td (reserves.During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 641.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.68 641.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.68 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.37 641.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.49 641.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.49 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.67 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 159.02 641.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 206.01 641.10 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 232.19 641.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 267.27 641.10 Td ($17.3 ) Tj ET Q q 0 0 0 rg BT 293.45 641.10 Td (million ) Tj ET Q q 0 0 0 rg BT 326.03 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.15 641.10 Td ($19.4 ) Tj ET Q q 0 0 0 rg BT 370.33 641.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 405.41 641.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 453.07 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.26 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.27 641.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 503.83 641.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 542.50 641.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.09 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.37 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.20 629.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 160.57 629.10 Td (projects.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.43 605.10 Td (T) Tj ET Q q 0 0 0 rg BT 86.07 605.10 Td (axes) 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 83.67 581.10 Td (make ) Tj ET Q q 0 0 0 rg BT 108.42 581.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 138.72 581.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 179.02 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.56 581.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 241.32 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.19 581.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 303.61 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.03 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 352.56 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.87 581.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 403.17 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.93 581.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.00 581.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 495.75 581.10 Td (purposes.) Tj ET Q q 0 0 0 rg BT 538.62 581.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.35 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.43 569.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 150.74 569.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 175.58 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.00 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.86 569.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 247.37 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.34 569.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 288.18 569.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.04 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.01 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.09 569.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 385.95 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 403.58 569.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 425.10 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 447.18 569.10 Td (dif) Tj ET Q q 0 0 0 rg BT 458.11 569.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 494.05 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.47 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.33 569.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 548.08 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 96.87 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.03 557.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 140.51 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.78 557.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 190.81 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.30 557.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.35 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.62 557.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.43 557.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 309.92 557.10 Td (purposes.Our ) Tj ET Q q 0 0 0 rg BT 370.35 557.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 399.93 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.20 557.10 Td (state ) Tj ET Q q 0 0 0 rg BT 436.36 557.10 Td (income ) Tj ET Q q 0 0 0 rg BT 467.62 557.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.67 557.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 511.27 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.30 557.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.92 545.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 102.54 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.51 545.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 134.47 545.10 Td (before ) Tj ET Q q 0 0 0 rg BT 162.65 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.51 545.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.69 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.31 545.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 313.16 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 328.01 545.10 Td (prepared; ) Tj ET Q q 0 0 0 rg BT 368.41 545.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 409.63 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 423.93 545.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 459.89 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.75 545.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.61 545.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 512.25 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.22 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 539.19 545.10 Td (assets ) 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 69.10 533.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 111.49 533.10 Td (at ) Tj ET Q q 0 0 0 rg BT 123.87 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.25 533.10 Td (end ) Tj ET Q q 0 0 0 rg BT 160.85 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.35 533.10 Td (each ) Tj ET Q q 0 0 0 rg BT 197.83 533.10 Td (period ) Tj ET Q q 0 0 0 rg BT 228.54 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.04 533.10 Td (well ) Tj ET Q q 0 0 0 rg BT 264.42 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.91 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.29 533.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.88 533.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 326.92 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.42 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 357.80 533.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 377.95 533.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 417.82 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 435.21 533.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 467.03 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.63 533.10 Td (net ) Tj ET Q q 0 0 0 rg BT 504.01 533.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 546.94 533.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (carryforwards.) Tj ET Q q 0 0 0 rg BT 112.53 521.10 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 166.18 521.10 Td (related ) Tj ET Q q 0 0 0 rg BT 196.47 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.34 521.10 Td (these ) Tj ET Q q 0 0 0 rg BT 230.98 521.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 271.28 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.58 521.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 324.65 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.52 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.94 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.25 521.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 408.12 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.00 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.30 521.10 Td (period ) Tj ET Q q 0 0 0 rg BT 462.94 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.81 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.34 521.10 Td (we ) Tj ET Q q 0 0 0 rg BT 516.10 521.10 Td (finalize ) Tj ET Q q 0 0 0 rg BT 549.17 521.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (income ) Tj ET Q q 0 0 0 rg BT 80.56 509.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.40 509.10 Td (returns.Further) Tj ET Q q 0 0 0 rg BT 158.71 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.83 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.12 509.10 Td (must ) Tj ET Q q 0 0 0 rg BT 197.19 509.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 223.26 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.10 509.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 279.28 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 295.90 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.18 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 326.36 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.43 509.10 Td (able ) Tj ET Q q 0 0 0 rg BT 355.71 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.11 509.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 396.71 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 406.67 509.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 433.28 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.24 509.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 483.17 509.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.01 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 521.96 509.10 Td (\(primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.61 497.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 106.14 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 119.47 497.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 157.22 497.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 186.65 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.87 497.10 Td (state ) Tj ET Q q 0 0 0 rg BT 224.97 497.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 243.30 497.10 Td (carryforwards\).If ) Tj ET Q q 0 0 0 rg BT 319.65 497.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 357.40 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.85 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 382.40 497.10 Td (likely) Tj ET Q q 0 0 0 rg BT 404.52 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 409.80 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 424.24 497.10 Td (must ) Tj ET Q q 0 0 0 rg BT 446.46 497.10 Td (record ) Tj ET Q q 0 0 0 rg BT 474.77 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.99 497.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 521.98 497.10 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (against ) Tj ET Q q 0 0 0 rg BT 80.37 485.10 Td (such ) Tj ET Q q 0 0 0 rg BT 101.25 485.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 137.11 485.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 151.87 485.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 177.75 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.96 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.73 485.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 239.27 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 253.48 485.10 Td (would ) Tj ET Q q 0 0 0 rg BT 281.03 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 296.36 485.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 325.00 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.33 485.10 Td (recover) Tj ET Q q 0 0 0 rg BT 364.90 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 369.95 485.10 Td (which ) Tj ET Q q 0 0 0 rg BT 396.94 485.10 Td (would ) Tj ET Q q 0 0 0 rg BT 424.49 485.10 Td (result ) Tj ET Q q 0 0 0 rg BT 449.25 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.58 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 471.57 485.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 506.87 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.20 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.07 485.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.56 473.10 Td (expense.) Tj ET Q q 0 0 0 rg BT 103.72 473.10 Td (As ) Tj ET Q q 0 0 0 rg BT 117.68 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.85 473.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 187.78 473.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 213.13 473.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 235.97 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.26 473.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 278.60 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 293.11 473.10 Td (had ) Tj ET Q q 0 0 0 rg BT 310.39 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 325.46 473.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 365.51 473.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 412.78 473.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 446.18 473.10 Td ($51.1 ) Tj ET Q q 0 0 0 rg BT 471.53 473.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 505.76 473.10 Td ($36.5 ) Tj ET Q q 0 0 0 rg BT 531.11 473.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.84 461.10 Td ($33.6 ) Tj ET Q q 0 0 0 rg BT 92.24 461.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 126.54 461.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 174.20 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.60 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.28 461.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 219.83 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.95 461.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 271.17 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 295.73 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.96 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.19 461.10 Td (state ) Tj ET Q q 0 0 0 rg BT 344.42 461.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 380.63 461.10 Td (income ) Tj ET Q q 0 0 0 rg BT 412.97 461.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 428.09 461.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 456.82 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.51 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.96 461.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 518.08 461.10 Td (allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.55 449.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 97.81 449.10 Td (until ) Tj ET Q q 0 0 0 rg BT 118.63 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.34 449.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 178.03 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.86 449.10 Td (future ) Tj ET Q q 0 0 0 rg BT 215.23 449.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 251.02 449.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 265.73 449.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 299.88 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.58 449.10 Td (more ) Tj ET Q q 0 0 0 rg BT 337.62 449.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 362.89 449.10 Td (than ) Tj ET Q q 0 0 0 rg BT 382.60 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 397.87 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.14 449.10 Td (become ) Tj ET Q q 0 0 0 rg BT 441.72 449.10 Td (utilized.) Tj ET Q q 0 0 0 rg BT 478.66 449.10 Td (A) Tj ET Q q 0 0 0 rg BT 485.33 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.83 449.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 503.65 449.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 538.89 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 449.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 86.40 437.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.52 437.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 117.40 437.10 Td (would ) Tj ET Q q 0 0 0 rg BT 144.30 437.10 Td (have ) Tj ET Q q 0 0 0 rg BT 165.08 437.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 204.74 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.97 437.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 262.40 437.10 Td (income ) Tj ET Q q 0 0 0 rg BT 293.74 437.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 307.85 437.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 341.96 437.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 378.29 437.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.19 437.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.85 437.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 469.25 437.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 502.55 437.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.88 437.10 Td ($15.2 ) Tj ET Q q 0 0 0 rg BT 530.28 437.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.17 437.10 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.51 425.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.84 425.10 Td ($63.3 ) Tj ET Q q 0 0 0 rg BT 96.90 425.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.79 425.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 132.69 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 147.92 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.70 425.10 Td (years ) Tj ET Q q 0 0 0 rg BT 188.37 425.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.81 425.10 Td (December ) Tj ET Q q 0 0 0 rg BT 260.46 425.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.53 425.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.53 425.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.60 425.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.60 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.16 425.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.17 425.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.17 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.23 425.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 417.90 425.10 Td (.See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.40 425.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 466.41 425.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.41 425.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 477.47 425.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 510.47 425.10 Td (T) Tj ET Q q 0 0 0 rg BT 515.11 425.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.88 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.95 425.10 Td (to ) 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 (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.09 413.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 143.12 413.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 188.81 413.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 205.07 413.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 235.77 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.36 413.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 292.18 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.99 413.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 330.24 413.10 Td (T) Tj ET Q q 0 0 0 rg BT 334.88 413.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.47 413.10 Td (above ) Tj ET Q q 0 0 0 rg BT 380.16 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.63 413.10 Td (further ) Tj ET Q q 0 0 0 rg BT 422.66 413.10 Td (information ) Tj ET Q q 0 0 0 rg BT 471.68 413.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 517.92 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.07 413.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (taxes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 69.78 377.10 Td (V) Tj ET Q q 0 0 0 rg BT 74.78 377.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 94.50 377.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.48 353.10 Td (F) Tj ET Q q 0 0 0 rg BT 91.30 353.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 114.19 353.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 146.50 353.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 163.81 353.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 191.40 353.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 238.16 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.04 353.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 293.34 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 308.44 353.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 353.53 353.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.84 353.10 Td (value ) Tj ET Q q 0 0 0 rg BT 395.93 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.80 353.10 Td (expands ) Tj ET Q q 0 0 0 rg BT 450.00 353.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 497.88 353.10 Td (about ) Tj ET Q q 0 0 0 rg BT 523.53 353.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 353.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 111.63 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.06 341.10 Td (It ) Tj ET Q q 0 0 0 rg BT 122.60 341.10 Td (does ) Tj ET Q q 0 0 0 rg BT 143.35 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 158.56 341.10 Td (require ) Tj ET Q q 0 0 0 rg BT 189.30 341.10 Td (us ) Tj ET Q q 0 0 0 rg BT 200.62 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.83 341.10 Td (make ) Tj ET Q q 0 0 0 rg BT 234.91 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 251.78 341.10 Td (new ) Tj ET Q q 0 0 0 rg BT 270.87 341.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 287.17 341.10 Td (value ) Tj ET Q q 0 0 0 rg BT 311.26 341.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 373.39 341.10 Td (but ) Tj ET Q q 0 0 0 rg BT 388.59 341.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 414.34 341.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 460.09 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.96 341.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 483.26 341.10 Td (value ) Tj ET Q q 0 0 0 rg BT 507.35 341.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 547.53 341.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 92.80 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.77 329.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 134.98 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.51 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.48 329.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 200.45 329.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 245.97 329.10 Td (used ) Tj ET Q q 0 0 0 rg BT 267.06 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.59 329.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 313.67 329.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 330.30 329.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 357.21 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.97 329.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 385.49 329.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 393.24 329.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 420.45 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 435.41 329.10 Td (given ) Tj ET Q q 0 0 0 rg BT 460.38 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.36 329.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 507.00 329.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 539.75 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 329.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.17 317.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.61 317.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 127.72 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.01 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.13 317.10 Td (they ) Tj ET Q q 0 0 0 rg BT 164.14 317.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 203.57 317.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 249.68 317.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 276.92 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.70 317.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 323.03 317.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 369.14 317.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 399.15 317.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 425.82 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.27 317.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 477.49 317.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 503.61 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 514.73 317.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.73 317.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (active ) Tj ET Q q 0 0 0 rg BT 76.06 305.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 110.41 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 121.43 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.45 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.36 305.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 186.70 305.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 208.55 305.10 Td (while ) Tj ET Q q 0 0 0 rg BT 233.46 305.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 258.91 305.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 266.60 305.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 293.74 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 308.64 305.10 Td (given ) Tj ET Q q 0 0 0 rg BT 333.54 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.45 305.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 377.25 305.10 Td (priority) Tj ET Q q 0 0 0 rg BT 406.59 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.79 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.81 305.10 Td (they ) Tj ET Q q 0 0 0 rg BT 442.71 305.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 482.05 305.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 538.05 305.10 Td (inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.82 293.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.36 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 96.47 293.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 149.88 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.21 293.10 Td (market ) Tj ET Q q 0 0 0 rg BT 192.30 293.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 213.79 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.95 293.10 Td (V) Tj ET Q q 0 0 0 rg BT 222.06 293.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 256.60 293.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 301.69 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.02 293.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 360.78 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.32 293.10 Td (use ) Tj ET Q q 0 0 0 rg BT 390.98 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.64 293.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 447.29 293.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 474.06 293.10 Td (are ) Tj ET Q q 0 0 0 rg BT 488.60 293.10 Td (favored. ) Tj ET Q q 0 0 0 rg BT 523.97 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.29 293.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.06 293.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.50 281.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 66.42 281.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 88.61 281.10 Td (V) Tj ET Q q 0 0 0 rg BT 93.61 281.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 115.25 281.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 145.43 281.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.20 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.12 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.31 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.95 281.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 266.14 281.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 307.77 281.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 356.07 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 372.15 281.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 421.00 281.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 463.74 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.48 281.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 522.55 281.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 281.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 113.88 245.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 133.60 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 245.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.81 245.10 Td (value ) Tj ET Q q 0 0 0 rg BT 184.97 245.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 244.67 245.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 221.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 132.44 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.27 221.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 191.87 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.70 221.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 246.30 221.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 274.91 221.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 209.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 209.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 122.98 209.10 Td (value ) Tj ET Q q 0 0 0 rg BT 147.13 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.96 209.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 206.01 209.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 248.49 209.10 Td (instruments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 98.48 185.10 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 146.53 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.81 185.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 205.24 185.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 161.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.94 161.10 Td (test ) Tj ET Q q 0 0 0 rg BT 99.18 161.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 142.65 161.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 168.34 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.36 161.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 230.81 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 248.17 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.74 161.10 Td (not ) Tj ET Q q 0 0 0 rg BT 277.87 161.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 308.56 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.70 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 334.39 161.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 372.84 161.10 Td (full ) Tj ET Q q 0 0 0 rg BT 389.09 161.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 407.56 161.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 427.69 161.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 457.27 161.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 476.01 161.10 Td (including ) Tj ET Q q 0 0 0 rg BT 516.15 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.94 161.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.19 161.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.52 149.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 111.52 149.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.41 147.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.66 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.36 149.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 174.03 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.17 149.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 232.46 149.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 274.02 149.10 Td (events ) Tj ET Q q 0 0 0 rg BT 302.26 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.28 149.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 348.18 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.66 149.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 417.99 149.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 452.33 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.02 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.93 149.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 520.94 149.10 Td (value ) Tj ET Q q 0 0 0 rg BT 545.29 149.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.23 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.61 137.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 129.69 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.42 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.92 137.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 181.07 137.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.68 137.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 223.07 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.79 137.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 276.72 137.10 Td (if ) Tj ET Q q 0 0 0 rg BT 285.77 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.16 137.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 337.21 137.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 359.59 137.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 408.64 137.10 Td (test ) Tj ET Q q 0 0 0 rg BT 425.47 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.09 137.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 476.90 137.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 511.78 137.10 Td (among ) Tj ET Q q 0 0 0 rg BT 541.95 137.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 81.40 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.04 125.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 132.45 125.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 165.18 125.10 Td (change ) Tj ET Q q 0 0 0 rg BT 195.70 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.67 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.09 125.10 Td (business ) Tj ET Q q 0 0 0 rg BT 256.17 125.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 287.80 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 304.99 125.10 Td (could ) Tj ET Q q 0 0 0 rg BT 329.41 125.10 Td (af) Tj ET Q q 0 0 0 rg BT 337.00 125.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 354.18 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.59 125.10 Td (value ) Tj ET Q q 0 0 0 rg BT 392.44 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.97 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.61 125.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 452.91 125.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 477.04 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.68 125.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.09 125.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.34 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.61 113.10 Td (market ) Tj ET Q q 0 0 0 rg BT 103.44 113.10 Td (price ) Tj ET Q q 0 0 0 rg BT 125.48 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.87 113.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.37 113.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 168.87 113.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 196.76 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.26 113.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 247.53 113.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 280.12 113.10 Td (change ) Tj ET Q q 0 0 0 rg BT 310.50 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.34 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.61 113.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 361.11 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.50 113.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 403.54 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.38 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 439.88 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.38 113.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 489.54 113.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 511.04 113.10 Td (\(asset ) Tj ET Q q 0 0 0 rg BT 535.86 113.10 Td (group\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 101.10 Td (being ) Tj ET Q q 0 0 0 rg BT 83.39 101.10 Td (used ) Tj ET Q q 0 0 0 rg BT 104.23 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.06 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.34 101.10 Td (its ) Tj ET Q q 0 0 0 rg BT 137.30 101.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 173.13 101.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 215.90 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.74 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.68 101.10 Td (current-period ) Tj ET Q q 0 0 0 rg BT 293.38 101.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 333.64 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.48 101.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.75 101.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 385.58 101.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 403.65 101.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 445.59 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 465.87 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.81 101.10 Td (history ) Tj ET Q q 0 0 0 rg BT 503.09 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.93 101.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 554.20 101.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.51 89.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.08 89.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 116.21 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.78 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.46 89.10 Td (projection ) Tj ET Q q 0 0 0 rg BT 176.24 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.81 89.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 220.70 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 237.93 89.10 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 292.94 89.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 337.95 89.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 364.08 89.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.42 89.10 Td (with ) Tj ET Q q 0 0 0 rg BT 427.44 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 89.10 Td (use ) Tj ET Q q 0 0 0 rg BT 457.46 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.03 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.71 89.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 518.06 89.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 539.73 89.10 Td (\(asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (group\).) 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 /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 83.52 713.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 118.67 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 713.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 178.99 713.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 201.38 713.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 250.42 713.10 Td (test ) Tj ET Q q 0 0 0 rg BT 267.25 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.20 713.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 325.90 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.06 713.10 Td (net ) Tj ET Q q 0 0 0 rg BT 356.23 713.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.49 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 415.43 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.98 713.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 487.03 713.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 509.41 713.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 539.58 713.10 Td (to ) 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 (respective ) Tj ET Q q 0 0 0 rg BT 92.41 701.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.32 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 156.57 701.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 212.27 701.10 Td (net ) Tj ET Q q 0 0 0 rg BT 226.86 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.00 701.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.60 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.97 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.56 701.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 345.37 701.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.74 701.10 Td (these ) Tj ET Q q 0 0 0 rg BT 380.67 701.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 424.15 701.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.85 701.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.67 701.10 Td (include ) Tj ET Q q 0 0 0 rg BT 508.47 701.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 701.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 689.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.71 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.59 689.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 154.81 689.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.82 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 689.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.91 689.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 230.68 689.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 268.39 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.83 689.10 Td (If ) Tj ET Q q 0 0 0 rg BT 279.94 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 689.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 350.37 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 365.03 689.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.25 689.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 409.91 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.57 689.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.45 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 480.77 689.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 516.54 689.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.98 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 553.09 689.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.77 677.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 100.44 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 114.93 677.10 Td (must ) Tj ET Q q 0 0 0 rg BT 137.21 677.10 Td (record ) Tj ET Q q 0 0 0 rg BT 165.59 677.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.86 677.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.79 677.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.19 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.02 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.07 677.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 308.40 677.10 Td (if ) Tj ET Q q 0 0 0 rg BT 317.35 677.10 Td (any) Tj ET Q q 0 0 0 rg BT 331.14 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.47 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.30 677.10 Td (net ) Tj ET Q q 0 0 0 rg BT 369.35 677.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 405.50 677.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 428.34 677.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 458.92 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.98 677.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.69 677.10 Td (value ) Tj ET Q q 0 0 0 rg BT 515.18 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 677.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 71.90 665.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 93.74 665.10 Td (group. ) Tj ET Q q 0 0 0 rg BT 121.97 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.37 665.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 178.97 665.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 230.82 665.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 273.21 665.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 311.15 665.10 Td (future ) Tj ET Q q 0 0 0 rg BT 337.43 665.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 393.15 665.10 Td (net ) Tj ET Q q 0 0 0 rg BT 407.77 665.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 427.94 665.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 452.56 665.10 Td (include ) Tj ET Q q 0 0 0 rg BT 484.40 665.10 Td (market ) Tj ET Q q 0 0 0 rg BT 514.56 665.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 554.18 665.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.60 653.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 123.38 653.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 151.99 653.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 198.65 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.21 653.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 249.76 653.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 280.85 653.10 Td (quantities, ) Tj ET Q q 0 0 0 rg BT 324.46 653.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 371.12 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.68 653.10 Td (future ) Tj ET Q q 0 0 0 rg BT 407.79 653.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 428.89 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.45 653.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 487.50 653.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 515.85 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.51 653.10 Td (amount ) 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 60.44 641.10 Td (future ) Tj ET Q q 0 0 0 rg BT 86.93 641.10 Td (development ) Tj ET Q q 0 0 0 rg BT 141.19 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.24 641.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.62 641.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 223.73 641.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 263.54 641.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 311.14 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.19 641.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 346.91 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.85 641.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 371.74 639.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.99 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.10 641.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 419.91 641.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 457.50 641.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 487.32 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.26 641.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 529.74 641.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.66 629.10 Td (risk-adjustment ) Tj ET Q q 0 0 0 rg BT 131.60 629.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 161.53 629.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 193.69 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.19 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.13 629.10 Td (net ) Tj ET Q q 0 0 0 rg BT 234.08 629.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.57 629.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 282.01 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.54 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 293.18 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 300.34 629.10 Td (did ) Tj ET Q q 0 0 0 rg BT 315.85 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 331.35 629.10 Td (record ) Tj ET Q q 0 0 0 rg BT 359.61 629.10 Td (an ) Tj ET Q q 0 0 0 rg BT 371.77 629.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 420.60 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.65 629.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 475.48 629.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.53 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 530.37 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.31 629.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.88 617.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.46 617.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 134.46 617.10 Td (2017.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.11 593.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 142.81 593.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.06 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.31 569.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.72 569.10 Td (have ) Tj ET Q q 0 0 0 rg BT 155.34 569.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 187.52 569.10 Td (into ) Tj ET Q q 0 0 0 rg BT 205.82 569.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 219.13 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.31 569.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.82 569.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.90 569.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 325.63 569.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 364.47 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.00 569.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 408.29 569.10 Td (an ) Tj ET Q q 0 0 0 rg BT 420.48 569.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 462.10 569.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.72 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.80 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.88 569.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.73 569.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.32 557.10 Td (price ) Tj ET Q q 0 0 0 rg BT 119.58 557.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 136.85 557.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 180.22 557.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.27 557.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 246.41 557.10 Td (future ) Tj ET Q q 0 0 0 rg BT 272.56 557.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.39 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.10 557.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 332.13 557.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 347.73 557.10 Td (production ) Tj ET Q q 0 0 0 rg BT 393.33 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.04 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.09 557.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 452.91 557.10 Td (more ) Tj ET Q q 0 0 0 rg BT 475.73 557.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 512.98 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.03 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 557.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 68.94 545.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 98.48 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 107.12 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 113.23 545.10 Td (do ) Tj ET Q q 0 0 0 rg BT 124.90 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.34 545.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 158.79 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.79 545.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 190.46 545.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 232.11 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.76 545.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 317.10 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.43 545.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 360.42 545.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 400.14 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.81 545.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 440.59 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.76 545.10 Td (these ) Tj ET Q q 0 0 0 rg BT 466.98 545.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 504.74 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 525.29 545.10 Td (consisted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.06 533.10 Td (various ) Tj ET Q q 0 0 0 rg BT 91.73 533.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 147.84 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.40 533.10 Td (price ) Tj ET Q q 0 0 0 rg BT 180.61 533.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 208.67 533.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 240.05 533.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 282.26 533.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 313.64 533.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 359.73 533.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 388.91 533.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 435.00 533.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 461.67 533.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 501.65 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 521.66 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.33 533.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 547.23 533.10 Td (put, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.26 521.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 88.57 521.10 Td (swaps.Our ) Tj ET Q q 0 0 0 rg BT 138.38 521.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 180.68 521.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.98 521.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 266.96 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.48 521.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 318.78 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.09 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.63 521.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 378.48 521.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 401.34 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.99 521.10 Td (either ) Tj ET Q q 0 0 0 rg BT 437.07 521.10 Td (an ) Tj ET Q q 0 0 0 rg BT 448.82 521.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 470.58 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.23 521.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 514.65 521.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 555.28 521.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.67 509.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 92.13 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.26 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 112.10 509.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 151.61 509.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 187.79 509.10 Td (used ) Tj ET Q q 0 0 0 rg BT 208.42 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.49 509.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 254.10 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.62 509.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.79 509.10 Td (values ) Tj ET Q q 0 0 0 rg BT 312.63 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.26 509.10 Td (these ) Tj ET Q q 0 0 0 rg BT 346.10 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 371.73 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.46 509.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 427.98 509.10 Td (require ) Tj ET Q q 0 0 0 rg BT 458.59 509.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 511.42 509.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 89.73 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.63 497.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 146.30 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.54 497.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 183.99 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.66 497.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 225.57 497.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 266.90 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.14 497.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 319.58 497.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 335.92 497.10 Td (value ) Tj ET Q q 0 0 0 rg BT 360.03 497.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 402.20 497.10 Td (such ) Tj ET Q q 0 0 0 rg BT 422.99 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.78 497.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 467.89 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 494.23 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 508.35 497.10 Td (commodities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.56 485.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 107.57 485.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 147.31 485.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 178.14 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.21 485.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 222.60 485.10 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 272.06 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.02 485.10 Td (well ) Tj ET Q q 0 0 0 rg BT 304.87 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.83 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 341.01 485.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 376.84 485.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 419.34 485.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 462.67 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.04 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 474.68 485.10 Td (e ) Tj ET Q q 0 0 0 rg BT 482.75 485.10 Td (do ) Tj ET Q q 0 0 0 rg BT 496.38 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.78 485.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 538.63 485.10 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.35 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.10 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.40 473.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 171.93 473.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 214.88 473.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 253.95 473.10 Td (under ) Tj ET Q q 0 0 0 rg BT 279.69 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.88 473.10 Td (F) Tj ET Q q 0 0 0 rg BT 299.70 473.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 322.13 473.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 371.19 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.17 473.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.61 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.58 473.10 Td (topic; ) Tj ET Q q 0 0 0 rg BT 452.33 473.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 498.88 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 504.35 473.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.53 473.10 Td (in ) 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 (fair ) Tj ET Q q 0 0 0 rg BT 65.52 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.32 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.79 461.10 Td (these ) Tj ET Q q 0 0 0 rg BT 122.48 461.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 171.29 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.64 461.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 231.64 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.56 461.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 277.58 461.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 308.05 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.52 461.10 Td (char) Tj ET Q q 0 0 0 rg BT 335.55 461.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 355.47 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.83 461.10 Td (ef) Tj ET Q q 0 0 0 rg BT 377.42 461.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 406.76 461.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 437.79 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.71 461.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.40 461.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 533.08 461.10 Td (income ) 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 66.00 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.28 449.10 Td (inef) Tj ET Q q 0 0 0 rg BT 95.64 449.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 124.91 449.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 155.85 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.69 449.10 Td (earnings.) Tj ET Q q 0 0 0 rg BT 206.89 449.10 Td (While ) Tj ET Q q 0 0 0 rg BT 233.38 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 247.10 449.10 Td (may ) Tj ET Q q 0 0 0 rg BT 266.38 449.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 311.74 449.10 Td (more ) Tj ET Q q 0 0 0 rg BT 334.35 449.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 372.52 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.36 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.75 449.10 Td (net ) Tj ET Q q 0 0 0 rg BT 412.02 449.10 Td (income ) Tj ET Q q 0 0 0 rg BT 443.52 449.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 467.80 449.10 Td (than ) Tj ET Q q 0 0 0 rg BT 487.08 449.10 Td (if ) Tj ET Q q 0 0 0 rg BT 495.25 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 508.97 449.10 Td (were ) Tj ET Q q 0 0 0 rg BT 530.46 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.30 449.10 Td (apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 75.10 437.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 120.70 437.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 160.19 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.24 437.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 210.29 437.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.01 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.96 437.10 Td (F) Tj ET Q q 0 0 0 rg BT 240.78 437.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 261.96 437.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 309.78 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.50 437.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.94 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.67 437.10 Td (topic, ) Tj ET Q q 0 0 0 rg BT 386.89 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.27 437.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 430.87 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 447.59 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.98 437.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 474.10 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.04 437.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 521.42 437.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 425.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 107.27 425.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 133.65 425.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 180.02 425.10 Td (do ) Tj ET Q q 0 0 0 rg BT 192.52 425.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.80 425.10 Td (outweigh ) Tj ET Q q 0 0 0 rg BT 247.52 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.23 425.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 283.34 425.10 Td (time ) Tj ET Q q 0 0 0 rg BT 303.62 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.55 425.10 Td (ef) Tj ET Q q 0 0 0 rg BT 328.14 425.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 345.08 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.36 425.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 387.85 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.13 425.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 434.51 425.10 Td (accounting.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 71.35 401.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 111.06 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 401.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 170.52 401.10 Td (Contingencies) 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 85.87 377.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.59 377.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 155.96 377.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 200.45 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.72 377.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 257.76 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.36 377.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 309.51 377.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.55 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.04 377.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 421.85 377.10 Td (such ) Tj ET Q q 0 0 0 rg BT 443.00 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.16 377.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 514.75 377.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.56 365.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 96.07 365.10 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 137.41 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.14 365.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 183.42 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.36 365.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 236.06 365.10 Td (when ) Tj ET Q q 0 0 0 rg BT 260.45 365.10 Td (it ) Tj ET Q q 0 0 0 rg BT 268.74 365.10 Td (is ) Tj ET Q q 0 0 0 rg BT 278.14 365.10 Td (both ) Tj ET Q q 0 0 0 rg BT 298.65 365.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 336.37 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.09 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.26 365.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.56 365.10 Td (has ) Tj ET Q q 0 0 0 rg BT 395.62 365.10 Td (been ) Tj ET Q q 0 0 0 rg BT 417.23 365.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 453.27 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.44 365.10 Td (such ) Tj ET Q q 0 0 0 rg BT 491.50 365.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.79 365.10 Td (is ) Tj ET Q q 0 0 0 rg BT 519.20 365.10 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (estimable. ) Tj ET Q q 0 0 0 rg BT 92.95 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 353.10 Td (Assessments ) Tj ET Q q 0 0 0 rg BT 148.74 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.70 353.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 199.54 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.38 353.10 Td (based ) Tj ET Q q 0 0 0 rg BT 239.77 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.40 353.10 Td (information ) Tj ET Q q 0 0 0 rg BT 302.24 353.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 339.31 353.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.37 353.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 412.87 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.94 353.10 Td (in-house ) Tj ET Q q 0 0 0 rg BT 467.01 353.10 Td (experts, ) Tj ET Q q 0 0 0 rg BT 501.01 353.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 519.20 353.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.50 341.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.50 341.10 Td (situations, ) Tj ET Q q 0 0 0 rg BT 132.56 341.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.66 341.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.89 341.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 218.93 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.59 341.10 Td (other ) Tj ET Q q 0 0 0 rg BT 258.36 341.10 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 311.66 341.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 343.60 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.33 341.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 374.21 341.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 396.44 341.10 Td (can ) Tj ET Q q 0 0 0 rg BT 412.54 341.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 432.53 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 454.20 341.10 Td (such ) Tj ET Q q 0 0 0 rg BT 474.75 341.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 514.19 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.08 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.74 341.10 Td (variety ) 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 60.21 329.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 95.09 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.30 329.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.23 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.61 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.32 329.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 208.46 329.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 258.60 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.32 329.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 307.81 329.10 Td (can ) Tj ET Q q 0 0 0 rg BT 324.07 329.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 344.22 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 366.04 329.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 405.64 329.10 Td (due ) Tj ET Q q 0 0 0 rg BT 422.46 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.62 329.10 Td (new ) Tj ET Q q 0 0 0 rg BT 451.66 329.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 509.59 329.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.28 329.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 72.53 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.13 317.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 151.93 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.42 317.10 Td (each ) Tj ET Q q 0 0 0 rg BT 186.89 317.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 215.20 317.10 Td (including ) Tj ET Q q 0 0 0 rg BT 257.13 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.07 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.44 317.10 Td (case ) Tj ET Q q 0 0 0 rg BT 306.80 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.29 317.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 381.21 317.10 Td (remediation, ) Tj ET Q q 0 0 0 rg BT 435.62 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.00 317.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 482.27 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.76 317.10 Td (remediation, ) Tj ET Q q 0 0 0 rg BT 549.17 317.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 110.01 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.20 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.28 305.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 199.90 305.10 Td (impact, ) Tj ET Q q 0 0 0 rg BT 233.47 305.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 285.09 305.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 322.83 305.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 365.28 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.58 305.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 428.53 305.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 487.09 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.39 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.03 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.11 305.10 Td (case ) Tj ET Q q 0 0 0 rg BT 554.17 305.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 90.61 293.10 Td (dif) Tj ET Q q 0 0 0 rg BT 101.54 293.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 127.91 293.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 188.17 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.00 293.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 219.83 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.77 293.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 258.15 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 293.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 325.92 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.75 293.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 374.23 293.10 Td (asserted ) Tj ET Q q 0 0 0 rg BT 408.94 293.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 436.99 293.10 Td (incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 67.55 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.38 269.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.91 245.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 105.33 245.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.33 245.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 114.80 245.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 159.96 245.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 207.48 245.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.69 245.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.16 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.92 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.11 245.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 322.85 245.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 362.04 245.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 407.90 245.10 Td (for ) Tj ET Q q 0 0 0 rg BT 421.53 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.94 245.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 471.59 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.89 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 497.19 245.10 Td (use ) Tj ET Q q 0 0 0 rg BT 512.50 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.80 245.10 Td (estimates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 221.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 142.63 221.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 197.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.56 197.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 106.62 197.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.62 197.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 116.75 197.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 162.51 197.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 210.68 197.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.89 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.01 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.41 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.25 197.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 328.65 197.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 368.49 197.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 414.99 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 429.28 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.34 197.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 480.63 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.58 197.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 518.63 197.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (pronouncements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (FOR) Tj ET Q q 0 0 0 rg BT 70.26 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 79.15 161.10 Td (ARD-LOOKING ) Tj ET Q q 0 0 0 rg BT 155.54 161.10 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 203.68 161.10 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.28 137.10 Td (data ) Tj ET Q q 0 0 0 rg BT 106.17 137.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 134.94 137.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 180.39 137.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 222.49 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.50 137.10 Td (this ) Tj ET Q q 0 0 0 rg BT 250.47 137.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 283.14 137.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 313.58 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.82 137.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 351.72 137.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 375.50 137.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.73 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.17 137.10 Td (not ) Tj ET Q q 0 0 0 rg BT 425.18 137.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 465.62 137.10 Td (facts, ) Tj ET Q q 0 0 0 rg BT 490.23 137.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 533.73 137.10 Td (but ) Tj ET Q q 0 0 0 rg BT 549.74 137.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 80.86 125.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 94.17 125.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 139.41 125.10 Td (found ) Tj ET Q q 0 0 0 rg BT 165.78 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.58 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.83 125.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 227.08 125.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 260.10 125.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 303.13 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.60 125.10 Td (Properties ) Tj ET Q q 0 0 0 rg BT 368.62 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.09 125.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.53 125.10 Td (Management) Tj ET Q q 0 0 0 rg BT 445.51 125.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.43 125.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 499.35 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.15 125.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 554.19 125.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.91 113.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 133.11 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.75 113.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 183.40 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.92 113.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.80 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.94 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 264.34 113.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 333.08 113.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 380.99 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.52 113.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.71 113.10 Td (term ) Tj ET Q q 0 0 0 rg BT 432.23 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.10 113.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 475.29 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.26 113.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 519.46 113.10 Td (21E ) Tj ET Q q 0 0 0 rg BT 538.76 113.10 Td (of ) 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 (Securities ) Tj ET Q q 0 0 0 rg BT 90.37 101.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 130.91 101.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 146.78 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.54 101.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 180.47 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.23 101.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 227.76 101.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 244.74 101.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 289.72 101.10 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 315.85 101.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.28 101.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 363.71 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.58 101.10 Td (number ) Tj ET Q q 0 0 0 rg BT 401.56 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.32 101.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 431.64 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.52 101.10 Td (uncertainties.Such ) Tj ET Q q 0 0 0 rg BT 527.54 101.10 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 83.15 89.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 128.46 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 148.77 89.10 Td (be ) Tj ET Q q 0 0 0 rg BT 161.30 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.73 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 193.04 89.10 Td (concern, ) Tj ET Q q 0 0 0 rg BT 230.28 89.10 Td (among ) Tj ET Q q 0 0 0 rg BT 260.59 89.10 Td (other ) Tj ET Q q 0 0 0 rg BT 284.23 89.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 314.28 89.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.35 89.10 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 393.48 89.10 Td (future ) Tj ET Q q 0 0 0 rg BT 420.45 89.10 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 474.09 89.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 501.06 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.59 89.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 550.30 89.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 79.18 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.65 77.10 Td (length ) Tj ET Q q 0 0 0 rg BT 124.68 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.05 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 153.52 77.10 Td (price ) Tj ET Q q 0 0 0 rg BT 176.54 77.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 214.55 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 229.25 77.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 245.34 77.10 Td (current ) Tj ET Q q 0 0 0 rg BT 276.69 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 288.05 77.10 Td (future ) Tj ET Q q 0 0 0 rg BT 314.96 77.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 351.89 77.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 384.92 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.28 77.10 Td (their ) Tj ET Q q 0 0 0 rg BT 417.64 77.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 458.43 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.24 77.10 Td (support ) Tj ET Q q 0 0 0 rg BT 502.28 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 518.64 77.10 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.72 65.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 116.67 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.34 65.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 160.24 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.36 65.10 Td (further ) Tj ET Q q 0 0 0 rg BT 199.91 65.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 228.90 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.58 65.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 264.14 65.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 292.31 65.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 327.44 65.10 Td (future ) Tj ET Q q 0 0 0 rg BT 353.66 65.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 405.99 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.67 65.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 429.57 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.35 65.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 476.46 65.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 492.14 65.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 529.74 65.10 Td (together ) 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 49.50 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.42 713.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 121.01 713.10 Td (based ) Tj ET Q q 0 0 0 rg BT 145.92 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 158.06 713.10 Td (current ) Tj ET Q q 0 0 0 rg BT 188.51 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.09 713.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 244.43 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 257.13 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.71 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 289.18 713.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 315.19 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.77 713.10 Td (oilfield ) Tj ET Q q 0 0 0 rg BT 362.80 713.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 387.44 713.10 Td (current ) Tj ET Q q 0 0 0 rg BT 417.89 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.36 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 454.38 713.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 506.50 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.97 713.10 Td (estimations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.29 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.07 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 93.29 701.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 116.97 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.76 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.43 701.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 169.09 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.88 701.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 212.54 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.78 701.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 268.78 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 294.11 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.57 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 324.79 701.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 350.97 701.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 397.41 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.20 701.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 437.80 701.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 480.92 701.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 513.58 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.53 701.10 Td (availability ) 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 60.68 689.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 117.95 689.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 166.35 689.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 209.18 689.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 248.12 689.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.30 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.36 689.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 314.41 689.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 335.03 689.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 356.21 689.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 390.71 689.10 Td (therefrom, ) Tj ET Q q 0 0 0 rg BT 435.48 689.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 479.42 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.92 689.10 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.24 677.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 113.53 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.16 677.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 162.85 677.10 Td (including ) Tj ET Q q 0 0 0 rg BT 202.92 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.43 677.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 245.85 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.58 677.10 Td (location ) Tj ET Q q 0 0 0 rg BT 297.09 677.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 330.21 677.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 357.49 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.12 677.10 Td (any ) Tj ET Q q 0 0 0 rg BT 384.86 677.10 Td (future ) Tj ET Q q 0 0 0 rg BT 411.03 677.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 449.99 677.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 471.73 677.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 493.47 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.10 677.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 554.18 677.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.49 665.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 93.38 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.49 665.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 142.81 665.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 176.40 665.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 217.50 665.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 246.39 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.50 665.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 323.58 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.69 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 348.58 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.83 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.60 665.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 391.27 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.38 665.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 443.46 665.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 468.46 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.56 665.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 505.38 665.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 534.27 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.38 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.27 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 91.24 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.55 653.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 134.74 653.10 Td (production ) Tj ET Q q 0 0 0 rg BT 180.93 653.10 Td (responses ) Tj ET Q q 0 0 0 rg BT 222.67 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.31 653.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 265.05 653.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 301.80 653.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 338.81 653.10 Td (development ) Tj ET Q q 0 0 0 rg BT 393.33 653.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 434.79 653.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 466.54 653.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 491.90 653.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 538.63 653.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.10 641.10 Td (savings, ) Tj ET Q q 0 0 0 rg BT 103.09 641.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 132.23 641.10 Td (budgets, ) Tj ET Q q 0 0 0 rg BT 168.32 641.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 224.68 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 235.50 641.10 Td (prediction ) Tj ET Q q 0 0 0 rg BT 278.53 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.35 641.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 331.27 641.10 Td (details, ) Tj ET Q q 0 0 0 rg BT 362.37 641.10 Td (production ) Tj ET Q q 0 0 0 rg BT 408.18 641.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.55 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.47 641.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 482.85 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.67 641.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 531.70 641.10 Td (thereof, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 101.83 629.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 132.49 629.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 173.16 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.39 629.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 219.23 629.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 233.12 627.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.37 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.16 629.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 272.71 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.94 629.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 317.40 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.63 629.10 Td (their ) Tj ET Q q 0 0 0 rg BT 353.74 629.10 Td (availability) Tj ET Q q 0 0 0 rg BT 398.08 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.37 629.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 439.15 629.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 476.20 629.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 505.20 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.32 629.10 Td (percentages ) 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 60.47 617.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 109.74 617.10 Td (original ) Tj ET Q q 0 0 0 rg BT 143.49 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 156.68 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.10 617.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 193.34 617.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 230.97 617.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 270.25 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.67 617.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 326.08 617.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 342.56 617.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 352.42 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.39 617.10 Td (other ) Tj ET Q q 0 0 0 rg BT 386.58 617.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 409.20 617.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 458.78 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.63 617.10 Td (likelihood, ) Tj ET Q q 0 0 0 rg BT 519.33 617.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 548.08 617.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 77.99 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.61 605.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 126.64 605.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 157.36 605.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 180.02 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.51 605.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 222.01 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.62 605.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 273.99 605.10 Td (rulings ) Tj ET Q q 0 0 0 rg BT 303.05 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.67 605.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 348.66 605.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 393.80 605.10 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 433.41 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.02 605.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 476.52 605.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 516.41 605.10 Td (prospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 93.47 593.10 Td (af) Tj ET Q q 0 0 0 rg BT 101.06 593.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 131.14 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.67 593.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 158.54 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.30 593.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.94 593.10 Td (industry) Tj ET Q q 0 0 0 rg BT 223.07 593.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.88 593.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 287.96 593.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 337.21 593.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 402.27 593.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 432.63 593.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 485.21 593.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 526.96 593.10 Td (forecasts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.96 581.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 109.92 581.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 131.93 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.39 581.10 Td (return, ) Tj ET Q q 0 0 0 rg BT 172.90 581.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 214.35 581.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 239.98 581.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 275.32 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.23 581.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 311.86 581.10 Td (future ) Tj ET Q q 0 0 0 rg BT 338.87 581.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 368.65 581.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 422.87 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.44 581.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 471.34 581.10 Td (economics, ) Tj ET Q q 0 0 0 rg BT 519.73 581.10 Td (worldwide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 89.92 569.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 133.14 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.13 569.10 Td (other ) Tj ET Q q 0 0 0 rg BT 171.23 569.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 208.88 569.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 258.76 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.64 569.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 313.51 569.10 Td (original ) Tj ET Q q 0 0 0 rg BT 346.17 569.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 358.27 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.60 569.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 392.75 569.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 435.96 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.95 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 477.38 569.10 Td (plans.Such ) Tj ET Q q 0 0 0 rg BT 527.54 569.10 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 83.96 557.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 130.07 557.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 171.17 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.28 557.10 Td (accompanied ) Tj ET Q q 0 0 0 rg BT 243.93 557.10 Td (by ) Tj ET Q q 0 0 0 rg BT 257.83 557.10 Td (words ) Tj ET Q q 0 0 0 rg BT 286.17 557.10 Td (such ) Tj ET Q q 0 0 0 rg BT 308.40 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 320.63 557.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 353.12 557.10 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 401.72 557.10 Td (expect, ) Tj ET Q q 0 0 0 rg BT 443.09 557.10 Td (predict, ) Tj ET Q q 0 0 0 rg BT 486.13 557.10 Td (forecast, ) Tj ET Q q 0 0 0 rg BT 533.05 557.10 Td (to ) 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 (knowledge, ) Tj ET Q q 0 0 0 rg BT 103.26 545.10 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 156.45 545.10 Td (projected, ) Tj ET Q q 0 0 0 rg BT 207.97 545.10 Td (preliminary) Tj ET Q q 0 0 0 rg BT 258.41 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.29 545.10 Td (should, ) Tj ET Q q 0 0 0 rg BT 309.28 545.10 Td (assume, ) Tj ET Q q 0 0 0 rg BT 353.04 545.10 Td (believe, ) Tj ET Q q 0 0 0 rg BT 396.23 545.10 Td (may ) Tj ET Q q 0 0 0 rg BT 425.27 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 436.54 545.10 Td (other ) Tj ET Q q 0 0 0 rg BT 460.03 545.10 Td (words ) Tj ET Q q 0 0 0 rg BT 487.42 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 505.36 545.10 Td (convey) Tj ET Q q 0 0 0 rg BT 533.58 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 539.03 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 550.30 545.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 86.00 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.85 533.10 Td (convey) Tj ET Q q 0 0 0 rg BT 124.08 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 128.64 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.93 533.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 189.98 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.37 533.10 Td (future ) Tj ET Q q 0 0 0 rg BT 226.32 533.10 Td (events ) Tj ET Q q 0 0 0 rg BT 253.93 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.33 533.10 Td (outcomes.Such ) Tj ET Q q 0 0 0 rg BT 332.22 533.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 399.83 533.10 Td (information ) Tj ET Q q 0 0 0 rg BT 449.11 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 457.85 533.10 Td (based ) Tj ET Q q 0 0 0 rg BT 482.68 533.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 504.75 533.10 Td (management) Tj ET Q q 0 0 0 rg BT 558.62 533.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (current ) Tj ET Q q 0 0 0 rg BT 79.64 521.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 105.07 521.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 159.38 521.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 200.92 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.18 521.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 268.45 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.72 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.21 521.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 323.36 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.97 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.23 521.10 Td (number ) Tj ET Q q 0 0 0 rg BT 371.60 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.76 521.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 402.47 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.74 521.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 471.65 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 488.47 521.10 Td (could ) Tj ET Q q 0 0 0 rg BT 512.51 521.10 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.74 509.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 109.85 509.10 Td (af) Tj ET Q q 0 0 0 rg BT 117.44 509.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 136.22 509.10 Td (current ) Tj ET Q q 0 0 0 rg BT 168.33 509.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 195.74 509.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 243.40 509.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 278.02 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.04 509.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 323.95 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.07 509.10 Td (such ) Tj ET Q q 0 0 0 rg BT 358.20 509.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 390.32 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.56 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.68 509.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.46 509.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 506.03 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.27 509.10 Td (results ) Tj ET Q q 0 0 0 rg BT 554.17 509.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (operations.) Tj ET Q q 0 0 0 rg BT 98.10 497.10 Td (As ) Tj ET Q q 0 0 0 rg BT 112.09 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.40 497.10 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 175.85 497.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 202.60 497.10 Td (results ) Tj ET Q q 0 0 0 rg BT 231.58 497.10 Td (may ) Tj ET Q q 0 0 0 rg BT 251.66 497.10 Td (dif) Tj ET Q q 0 0 0 rg BT 262.59 497.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 276.56 497.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 319.97 497.10 Td (from ) Tj ET Q q 0 0 0 rg BT 342.28 497.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 397.63 497.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 437.71 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.91 497.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 501.23 497.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 543.53 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.18 497.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 81.93 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 93.80 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 110.12 485.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 177.53 485.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 221.61 485.10 Td (made ) Tj ET Q q 0 0 0 rg BT 245.14 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 257.02 485.10 Td (us ) Tj ET Q q 0 0 0 rg BT 267.79 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.99 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.87 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.07 485.10 Td (behalf.) Tj ET Q q 0 0 0 rg BT 337.00 485.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 368.88 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.97 485.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 412.05 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 428.92 485.10 Td (could ) Tj ET Q q 0 0 0 rg BT 453.02 485.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 477.10 485.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 502.84 485.10 Td (results ) Tj ET Q q 0 0 0 rg BT 530.83 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.48 485.10 Td (dif) Tj ET Q q 0 0 0 rg BT 551.41 485.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 92.41 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 106.99 473.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 156.58 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.73 473.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 211.87 473.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 224.80 473.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 251.05 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.75 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.90 473.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 292.06 473.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 304.99 473.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 331.24 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.05 473.10 Td (consequently ) Tj ET Q q 0 0 0 rg BT 403.19 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.34 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.93 473.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 454.18 473.10 Td (received ) Tj ET Q q 0 0 0 rg BT 490.41 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.12 473.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 535.14 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.18 473.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.98 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.34 461.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 108.02 461.10 Td (gas; ) Tj ET Q q 0 0 0 rg BT 126.05 461.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 165.19 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.44 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.14 461.10 Td (production ) Tj ET Q q 0 0 0 rg BT 230.38 461.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 255.63 461.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 283.09 461.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 313.34 461.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.26 461.10 Td (OPEC ) Tj ET Q q 0 0 0 rg BT 352.74 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.99 461.10 Td (production ) Tj ET Q q 0 0 0 rg BT 408.24 461.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 433.48 461.10 Td (by ) Tj ET Q q 0 0 0 rg BT 445.40 461.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 465.11 461.10 Td (shale ) Tj ET Q q 0 0 0 rg BT 487.57 461.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 528.92 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.62 461.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (periods; ) Tj ET Q q 0 0 0 rg BT 84.43 449.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 110.46 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.51 449.10 Td (future ) Tj ET Q q 0 0 0 rg BT 148.09 449.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 177.46 449.10 Td (expenditures; ) Tj ET Q q 0 0 0 rg BT 234.04 449.10 Td (ef) Tj ET Q q 0 0 0 rg BT 241.63 449.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 263.22 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.26 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.30 449.10 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 347.44 449.10 Td (success ) Tj ET Q q 0 0 0 rg BT 380.15 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.19 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.23 449.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 424.94 449.10 Td (management ) Tj ET Q q 0 0 0 rg BT 478.74 449.10 Td (techniques; ) Tj ET Q q 0 0 0 rg BT 526.99 449.10 Td (accuracy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.04 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.59 437.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 93.91 437.10 Td (estimates; ) Tj ET Q q 0 0 0 rg BT 136.11 437.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 183.31 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.85 437.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 218.83 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.82 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.25 437.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 292.66 437.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 327.09 437.10 Td (market; ) Tj ET Q q 0 0 0 rg BT 359.85 437.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 409.27 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.27 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.70 437.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 459.79 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.33 437.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 496.44 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.09 437.10 Td (services; ) Tj ET Q q 0 0 0 rg BT 550.29 437.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 96.21 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.26 425.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 137.43 425.10 Td (results ) Tj ET Q q 0 0 0 rg BT 165.26 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.43 425.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 212.02 425.10 Td (estimates; ) Tj ET Q q 0 0 0 rg BT 253.73 425.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 293.22 425.10 Td (hazards ) Tj ET Q q 0 0 0 rg BT 325.48 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.65 425.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 391.13 425.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 415.64 425.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 457.92 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.97 425.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 511.35 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.52 425.10 Td (damages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 70.66 413.10 Td (well ) Tj ET Q q 0 0 0 rg BT 89.61 413.10 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 129.94 413.10 Td (hurricanes, ) Tj ET Q q 0 0 0 rg BT 175.81 413.10 Td (tropical ) Tj ET Q q 0 0 0 rg BT 208.08 413.10 Td (storms, ) Tj ET Q q 0 0 0 rg BT 238.97 413.10 Td (forest ) Tj ET Q q 0 0 0 rg BT 263.47 413.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 285.46 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.52 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 317.79 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 347.28 413.10 Td (occurrences; ) Tj ET Q q 0 0 0 rg BT 399.53 413.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 445.14 413.10 Td (risks; ) Tj ET Q q 0 0 0 rg BT 468.53 413.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 522.46 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 535.85 413.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.21 401.10 Td (its ) Tj ET Q q 0 0 0 rg BT 74.03 401.10 Td (availability; ) Tj ET Q q 0 0 0 rg BT 125.17 401.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 170.21 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.37 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.96 401.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 243.11 401.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 283.96 401.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 307.32 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.14 401.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 351.28 401.10 Td (markets; ) Tj ET Q q 0 0 0 rg BT 389.09 401.10 Td (general ) Tj ET Q q 0 0 0 rg BT 421.89 401.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 464.14 401.10 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 511.96 401.10 Td (competition; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (government ) Tj ET Q q 0 0 0 rg BT 99.23 389.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 148.13 389.10 Td (including ) Tj ET Q q 0 0 0 rg BT 187.87 389.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 222.04 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.78 389.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 245.96 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.26 389.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 315.98 389.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 336.28 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 346.58 389.10 Td (regulations; ) Tj ET Q q 0 0 0 rg BT 395.75 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.16 389.10 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 459.65 389.10 Td (delays, ) Tj ET Q q 0 0 0 rg BT 489.67 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 499.96 389.10 Td (well ) Tj ET Q q 0 0 0 rg BT 519.14 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.44 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.62 389.10 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.96 377.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 121.06 377.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 156.84 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.64 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 181.21 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.66 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 215.01 377.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 247.47 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.93 377.10 Td (production ) Tj ET Q q 0 0 0 rg BT 311.27 377.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 350.38 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.73 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 379.74 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.96 377.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 436.86 377.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 478.21 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.00 377.10 Td (this ) Tj ET Q q 0 0 0 rg BT 506.46 377.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 536.14 377.10 Td (report, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 92.38 365.10 Td (without ) Tj ET Q q 0 0 0 rg BT 125.54 365.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 169.54 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.36 365.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 219.74 365.10 Td (referenced ) Tj ET Q q 0 0 0 rg BT 264.53 365.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 293.52 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.56 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.38 365.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 379.08 365.10 Td (set ) Tj ET Q q 0 0 0 rg BT 392.79 365.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 414.84 365.10 Td (from ) Tj ET Q q 0 0 0 rg BT 436.88 365.10 Td (time ) Tj ET Q q 0 0 0 rg BT 457.26 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.65 365.10 Td (time ) Tj ET Q q 0 0 0 rg BT 488.03 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.41 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 514.35 365.10 Td (other ) Tj ET Q q 0 0 0 rg BT 537.50 365.10 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 82.27 353.10 Td (filings ) Tj ET Q q 0 0 0 rg BT 110.33 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.26 353.10 Td (public ) Tj ET Q q 0 0 0 rg BT 154.76 353.10 Td (statements.) 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 301.00 30.60 Td (61) 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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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 49.5 665.18505859375 m 313.11328125 665.18505859375 l s q 0 0 0 rg BT 49.50 666.75 Td (Item8. 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0 0 rg BT 105.77 642.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 131.38 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 148.93 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 164.26 642.75 Td (related ) Tj ET Q q 0 0 0 rg BT 194.57 642.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 248.22 642.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 293.54 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 304.98 642.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 352.25 642.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 415.89 642.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 463.16 642.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 498.47 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 509.36 642.75 Td (stockholders) Tj ET Q q 0 0 0 rg BT 562.50 642.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.79 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 93.52 630.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 113.59 630.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 138.10 630.75 Td (for ) Tj ET Q q 0 0 0 rg BT 152.06 630.75 Td (each ) Tj ET Q q 0 0 0 rg BT 172.67 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 183.29 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.81 630.75 Td (three ) Tj ET Q q 0 0 0 rg BT 220.09 630.75 Td (years ) Tj ET Q q 0 0 0 rg BT 243.48 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 253.55 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 268.06 630.75 Td (period ) Tj ET Q q 0 0 0 rg BT 295.91 630.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 322.08 630.75 Td (December ) Tj ET Q q 0 0 0 rg BT 365.46 630.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 380.25 630.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 405.05 630.75 Td (including ) Tj ET Q q 0 0 0 rg BT 445.12 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 459.63 630.75 Td (related ) Tj ET Q q 0 0 0 rg BT 489.12 630.75 Td (notes ) Tj ET Q q 0 0 0 rg BT 512.53 630.75 Td (\(collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 82.70 618.75 Td (to ) Tj ET Q q 0 0 0 rg BT 92.04 618.75 Td (as ) Tj ET Q q 0 0 0 rg BT 101.94 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.72 618.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 172.26 618.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.81 618.75 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 262.85 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 264.30 618.75 Td (W) Tj ET Q q 0 0 0 rg BT 272.94 618.75 Td (e ) Tj ET Q q 0 0 0 rg BT 278.94 618.75 Td (also ) Tj ET Q q 0 0 0 rg BT 296.61 618.75 Td (have ) Tj ET Q q 0 0 0 rg BT 317.05 618.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 348.05 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 361.83 618.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 407.98 618.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 440.08 618.75 Td (control ) Tj ET Q q 0 0 0 rg BT 469.97 618.75 Td (over ) Tj ET Q q 0 0 0 rg BT 489.30 618.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.85 618.75 Td (reporting ) 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 59.62 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 69.74 606.75 Td (December ) Tj ET Q q 0 0 0 rg BT 112.62 606.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 126.91 606.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 151.20 606.75 Td (based ) Tj ET Q q 0 0 0 rg BT 175.76 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 187.56 606.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 217.66 606.75 Td (established ) Tj ET Q q 0 0 0 rg BT 263.88 606.75 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 273.46 606.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 307.46 606.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 330.43 606.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 340.00 606.75 Td (- ) Tj ET Q q 0 0 0 rg BT 345.13 606.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 388.57 606.75 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.23 606.75 Td ( ) Tj ET Q q 0 0 0 rg BT 437.02 606.75 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 465.48 606.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 492.27 606.75 Td (by ) Tj ET Q q 0 0 0 rg BT 504.06 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 518.07 606.75 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 594.75 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 108.39 594.75 Td (Or) Tj ET Q q 0 0 0 rg BT 118.76 594.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 166.80 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.63 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.17 594.75 Td (T) Tj ET Q q 0 0 0 rg BT 197.93 594.75 Td (readway ) Tj ET Q q 0 0 0 rg BT 234.29 594.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 287.36 594.75 Td (\(COSO\). ) Tj ET Q q 0 0 0 rg BT 325.70 594.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (In ) Tj ET Q q 0 0 0 rg BT 59.94 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 75.38 570.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 110.55 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.88 570.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 177.53 570.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.62 570.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 258.94 570.75 Td (referred ) Tj ET Q q 0 0 0 rg BT 292.69 570.75 Td (to ) Tj ET Q q 0 0 0 rg BT 302.58 570.75 Td (above ) Tj ET Q q 0 0 0 rg BT 328.57 570.75 Td (present ) Tj ET Q q 0 0 0 rg BT 359.56 570.75 Td (fairly) Tj ET Q q 0 0 0 rg BT 380.56 570.75 Td (, ) Tj ET Q q 0 0 0 rg BT 385.17 570.75 Td (in ) Tj ET Q q 0 0 0 rg BT 395.06 570.75 Td (all ) Tj ET Q q 0 0 0 rg BT 407.17 570.75 Td (material ) Tj ET Q q 0 0 0 rg BT 442.04 570.75 Td (respects, ) Tj ET Q q 0 0 0 rg BT 478.85 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 493.18 570.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.27 570.75 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.42 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.22 558.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 116.69 558.75 Td (as ) Tj ET Q q 0 0 0 rg BT 127.61 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.52 558.75 Td (December ) Tj ET Q q 0 0 0 rg BT 182.19 558.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 197.28 558.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 219.86 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 236.89 558.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 261.97 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 278.99 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 293.80 558.75 Td (results ) Tj ET Q q 0 0 0 rg BT 322.49 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 333.41 558.75 Td (their ) Tj ET Q q 0 0 0 rg BT 354.32 558.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 398.56 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 415.58 558.75 Td (their ) Tj ET Q q 0 0 0 rg BT 436.49 558.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 456.85 558.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 481.65 558.75 Td (for ) Tj ET Q q 0 0 0 rg BT 495.90 558.75 Td (each ) Tj ET Q q 0 0 0 rg BT 516.80 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 527.72 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 542.52 558.75 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (years ) Tj ET Q q 0 0 0 rg BT 72.91 546.75 Td (in ) Tj ET Q q 0 0 0 rg BT 83.01 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 97.54 546.75 Td (period ) Tj ET Q q 0 0 0 rg BT 125.40 546.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.60 546.75 Td (December ) Tj ET Q q 0 0 0 rg BT 195.00 546.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 209.81 546.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 232.13 546.75 Td (in ) Tj ET Q q 0 0 0 rg BT 242.22 546.75 Td (conformity ) Tj ET Q q 0 0 0 rg BT 288.97 546.75 Td (with ) Tj ET Q q 0 0 0 rg BT 309.07 546.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 355.25 546.75 Td (principles ) Tj ET Q q 0 0 0 rg BT 397.00 546.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 436.52 546.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 473.81 546.75 Td (in ) Tj ET Q q 0 0 0 rg BT 483.90 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 498.44 546.75 Td (United ) Tj ET Q q 0 0 0 rg BT 527.97 546.75 Td (States ) Tj ET Q q 0 0 0 rg BT 554.17 546.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (America. ) Tj ET Q q 0 0 0 rg BT 88.49 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 90.10 534.75 Td (Also ) Tj ET Q q 0 0 0 rg BT 111.05 534.75 Td (in ) Tj ET Q q 0 0 0 rg BT 120.90 534.75 Td (our ) Tj ET Q q 0 0 0 rg BT 136.29 534.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 171.41 534.75 Td (the ) Tj ET Q q 0 0 0 rg BT 185.69 534.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.64 534.75 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 275.64 534.75 Td (in ) Tj ET Q q 0 0 0 rg BT 285.48 534.75 Td (all ) Tj ET Q q 0 0 0 rg BT 297.54 534.75 Td (material ) Tj ET Q q 0 0 0 rg BT 332.36 534.75 Td (respects, ) Tj ET Q q 0 0 0 rg BT 369.13 534.75 Td (ef) Tj ET Q q 0 0 0 rg BT 376.72 534.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 405.99 534.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 438.59 534.75 Td (control ) Tj ET Q q 0 0 0 rg BT 468.98 534.75 Td (over ) Tj ET Q q 0 0 0 rg BT 488.82 534.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 534.75 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.75 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 71.16 522.75 Td (December ) Tj ET Q q 0 0 0 rg BT 114.74 522.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 129.74 522.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 154.74 522.75 Td (based ) Tj ET Q q 0 0 0 rg BT 180.01 522.75 Td (on ) Tj ET Q q 0 0 0 rg BT 192.51 522.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 223.32 522.75 Td (established ) Tj ET Q q 0 0 0 rg BT 270.26 522.75 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 280.54 522.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 315.25 522.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 338.22 522.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 348.50 522.75 Td (- ) Tj ET Q q 0 0 0 rg BT 354.33 522.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 398.48 522.75 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.14 522.75 Td ( ) Tj ET Q q 0 0 0 rg BT 447.64 522.75 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 476.80 522.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 504.30 522.75 Td (by ) Tj ET Q q 0 0 0 rg BT 516.80 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 531.52 522.75 Td (COSO.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.23 498.75 Td (for ) Tj ET Q q 0 0 0 rg BT 88.95 498.75 Td (Opinions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.48 474.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 114.49 474.75 Td (management ) Tj ET Q q 0 0 0 rg BT 168.01 474.75 Td (is ) Tj ET Q q 0 0 0 rg BT 177.11 474.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 225.09 474.75 Td (for ) Tj ET Q q 0 0 0 rg BT 239.18 474.75 Td (these ) Tj ET Q q 0 0 0 rg BT 262.16 474.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 315.13 474.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.55 474.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 399.69 474.75 Td (for ) Tj ET Q q 0 0 0 rg BT 413.78 474.75 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 463.98 474.75 Td (ef) Tj ET Q q 0 0 0 rg BT 471.57 474.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 501.20 474.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 534.18 474.75 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 71.22 462.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.16 462.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 153.27 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 171.66 462.75 Td (for ) Tj ET Q q 0 0 0 rg BT 187.28 462.75 Td (its ) Tj ET Q q 0 0 0 rg BT 200.68 462.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 249.08 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.36 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.53 462.75 Td (ef) Tj ET Q q 0 0 0 rg BT 285.12 462.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 333.50 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 345.78 462.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 380.28 462.75 Td (control ) Tj ET Q q 0 0 0 rg BT 412.56 462.75 Td (over ) Tj ET Q q 0 0 0 rg BT 434.29 462.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 473.22 462.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 516.33 462.75 Td (included ) Tj ET Q q 0 0 0 rg BT 554.72 462.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (Management's ) Tj ET Q q 0 0 0 rg BT 110.43 450.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 140.68 450.75 Td (on ) Tj ET Q q 0 0 0 rg BT 153.72 450.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 187.84 450.75 Td (Control ) Tj ET Q q 0 0 0 rg BT 221.44 450.75 Td (over ) Tj ET Q q 0 0 0 rg BT 242.24 450.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 282.49 450.75 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 325.52 450.75 Td (appearing ) Tj ET Q q 0 0 0 rg BT 367.97 450.75 Td (under ) Tj ET Q q 0 0 0 rg BT 393.78 450.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 415.14 450.75 Td (9A. ) Tj ET Q q 0 0 0 rg BT 432.89 450.75 Td ( ) Tj ET Q q 0 0 0 rg BT 435.93 450.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 454.51 450.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 511.99 450.75 Td (is ) Tj ET Q q 0 0 0 rg BT 521.70 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 450.75 Td (express ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (opinions ) Tj ET Q q 0 0 0 rg BT 85.87 438.75 Td (on ) Tj ET Q q 0 0 0 rg BT 97.80 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 111.94 438.75 Td (Company) Tj ET Q q 0 0 0 rg BT 153.60 438.75 Td (s ) Tj ET Q q 0 0 0 rg BT 159.42 438.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 211.88 438.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.79 438.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 292.92 438.75 Td (and ) Tj ET Q q 0 0 0 rg BT 309.29 438.75 Td (on ) Tj ET Q q 0 0 0 rg BT 321.21 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.35 438.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 381.85 438.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 414.32 438.75 Td (control ) Tj ET Q q 0 0 0 rg BT 444.57 438.75 Td (over ) Tj ET Q q 0 0 0 rg BT 464.26 438.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.17 438.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 539.74 438.75 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (on ) Tj ET Q q 0 0 0 rg BT 61.92 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 77.68 426.75 Td (audits. ) Tj ET Q q 0 0 0 rg BT 106.49 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 108.73 426.75 Td (W) Tj ET Q q 0 0 0 rg BT 117.37 426.75 Td (e ) Tj ET Q q 0 0 0 rg BT 124.23 426.75 Td (are ) Tj ET Q q 0 0 0 rg BT 138.86 426.75 Td (a ) Tj ET Q q 0 0 0 rg BT 145.73 426.75 Td (public ) Tj ET Q q 0 0 0 rg BT 173.15 426.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 219.44 426.75 Td (firm ) Tj ET Q q 0 0 0 rg BT 239.08 426.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 280.93 426.75 Td (with ) Tj ET Q q 0 0 0 rg BT 301.13 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 315.77 426.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 343.75 426.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 384.52 426.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 433.60 426.75 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 475.46 426.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 502.33 426.75 Td (\(United ) Tj ET Q q 0 0 0 rg BT 535.30 426.75 Td (States\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (\("PCAOB"\) ) Tj ET Q q 0 0 0 rg BT 100.27 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 117.31 414.75 Td (are ) Tj ET Q q 0 0 0 rg BT 132.12 414.75 Td (required ) Tj ET Q q 0 0 0 rg BT 168.04 414.75 Td (to ) Tj ET Q q 0 0 0 rg BT 178.42 414.75 Td (be ) Tj ET Q q 0 0 0 rg BT 190.46 414.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 241.94 414.75 Td (with ) Tj ET Q q 0 0 0 rg BT 262.32 414.75 Td (respect ) Tj ET Q q 0 0 0 rg BT 293.24 414.75 Td (to ) Tj ET Q q 0 0 0 rg BT 303.62 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 318.44 414.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 359.92 414.75 Td (in ) Tj ET Q q 0 0 0 rg BT 370.31 414.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 417.87 414.75 Td (with ) Tj ET Q q 0 0 0 rg BT 438.25 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 453.07 414.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 473.46 414.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 503.81 414.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 544.18 414.75 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 402.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 124.74 402.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 146.68 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.62 402.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 210.55 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.38 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 236.10 402.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 278.04 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 294.97 402.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 336.90 402.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 389.96 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 406.90 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 421.62 402.75 Td (PCAOB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 378.75 Td (e ) Tj ET Q q 0 0 0 rg BT 65.04 378.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 108.59 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 124.38 378.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 150.73 378.75 Td (in ) Tj ET Q q 0 0 0 rg BT 160.96 378.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 208.39 378.75 Td (with ) Tj ET Q q 0 0 0 rg BT 228.62 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.30 378.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 283.53 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 294.32 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 309.00 378.75 Td (PCAOB. ) Tj ET Q q 0 0 0 rg BT 347.30 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 349.58 378.75 Td (Those ) Tj ET Q q 0 0 0 rg BT 376.48 378.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 416.71 378.75 Td (require ) Tj ET Q q 0 0 0 rg BT 447.48 378.75 Td (that ) Tj ET Q q 0 0 0 rg BT 464.94 378.75 Td (we ) Tj ET Q q 0 0 0 rg BT 479.06 378.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 498.74 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 515.64 378.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 550.30 378.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 74.89 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 84.17 366.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 110.67 366.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 154.93 366.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 195.30 366.75 Td (about ) Tj ET Q q 0 0 0 rg BT 219.02 366.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 252.73 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 266.45 366.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 318.49 366.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.97 366.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 398.69 366.75 Td (are ) Tj ET Q q 0 0 0 rg BT 412.40 366.75 Td (free ) Tj ET Q q 0 0 0 rg BT 429.44 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 439.27 366.75 Td (material ) Tj ET Q q 0 0 0 rg BT 473.53 366.75 Td (misstatement, ) Tj ET Q q 0 0 0 rg BT 530.30 366.75 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (due ) Tj ET Q q 0 0 0 rg BT 66.44 354.75 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 354.75 Td (error ) Tj ET Q q 0 0 0 rg BT 98.65 354.75 Td (or ) Tj ET Q q 0 0 0 rg BT 109.48 354.75 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 135.57 354.75 Td (and ) Tj ET Q q 0 0 0 rg BT 152.51 354.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 187.22 354.75 Td (ef) Tj ET Q q 0 0 0 rg BT 194.81 354.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 224.51 354.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 257.55 354.75 Td (control ) Tj ET Q q 0 0 0 rg BT 288.38 354.75 Td (over ) Tj ET Q q 0 0 0 rg BT 308.65 354.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.13 354.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 385.28 354.75 Td (was ) Tj ET Q q 0 0 0 rg BT 403.33 354.75 Td (maintained ) Tj ET Q q 0 0 0 rg BT 450.26 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 460.54 354.75 Td (all ) Tj ET Q q 0 0 0 rg BT 473.04 354.75 Td (material ) Tj ET Q q 0 0 0 rg BT 508.29 354.75 Td (respects. ) Tj ET Q q 0 0 0 rg BT 545.50 354.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.85 330.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 94.54 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.67 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.69 330.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 174.03 330.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.81 330.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 256.82 330.75 Td (included ) Tj ET Q q 0 0 0 rg BT 294.06 330.75 Td (performing ) Tj ET Q q 0 0 0 rg BT 341.84 330.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 388.51 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 399.09 330.75 Td (assess ) Tj ET Q q 0 0 0 rg BT 426.33 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 441.35 330.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 463.04 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 474.17 330.75 Td (material ) Tj ET Q q 0 0 0 rg BT 509.73 330.75 Td (misstatement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.95 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 76.29 318.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 129.96 318.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.07 318.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 215.90 318.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 251.23 318.75 Td (due ) Tj ET Q q 0 0 0 rg BT 268.79 318.75 Td (to ) Tj ET Q q 0 0 0 rg BT 279.70 318.75 Td (error ) Tj ET Q q 0 0 0 rg BT 302.25 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 313.70 318.75 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 340.43 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 357.99 318.75 Td (performing ) Tj ET Q q 0 0 0 rg BT 406.10 318.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 453.09 318.75 Td (that ) Tj ET Q q 0 0 0 rg BT 471.21 318.75 Td (respond ) Tj ET Q q 0 0 0 rg BT 505.99 318.75 Td (to ) Tj ET Q q 0 0 0 rg BT 516.90 318.75 Td (those ) Tj ET Q q 0 0 0 rg BT 541.13 318.75 Td (risks. ) Tj ET Q q 0 0 0 rg BT 565.02 318.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.55 306.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 117.46 306.75 Td (included ) Tj ET Q q 0 0 0 rg BT 153.95 306.75 Td (examining, ) Tj ET Q q 0 0 0 rg BT 200.71 306.75 Td (on ) Tj ET Q q 0 0 0 rg BT 212.75 306.75 Td (a ) Tj ET Q q 0 0 0 rg BT 219.24 306.75 Td (test ) Tj ET Q q 0 0 0 rg BT 235.18 306.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 259.72 306.75 Td (evidence ) Tj ET Q q 0 0 0 rg BT 297.31 306.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 337.67 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 351.93 306.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 387.87 306.75 Td (and ) Tj ET Q q 0 0 0 rg BT 404.36 306.75 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 450.84 306.75 Td (in ) Tj ET Q q 0 0 0 rg BT 460.67 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 474.93 306.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 306.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.94 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 99.68 294.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 117.96 294.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 144.58 294.75 Td (also ) Tj ET Q q 0 0 0 rg BT 163.42 294.75 Td (included ) Tj ET Q q 0 0 0 rg BT 200.58 294.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 244.97 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 259.92 294.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 306.52 294.75 Td (principles ) Tj ET Q q 0 0 0 rg BT 348.68 294.75 Td (used ) Tj ET Q q 0 0 0 rg BT 369.75 294.75 Td (and ) Tj ET Q q 0 0 0 rg BT 386.92 294.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 431.86 294.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 471.80 294.75 Td (made ) Tj ET Q q 0 0 0 rg BT 496.19 294.75 Td (by ) Tj ET Q q 0 0 0 rg BT 508.92 294.75 Td (management, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (as ) Tj ET Q q 0 0 0 rg BT 60.06 282.75 Td (well ) Tj ET Q q 0 0 0 rg BT 79.50 282.75 Td (as ) Tj ET Q q 0 0 0 rg BT 90.06 282.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 133.94 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.39 282.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 178.38 282.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 229.48 282.75 Td (of ) Tj ET Q q 0 0 0 rg BT 240.04 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 254.49 282.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 307.26 282.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.47 282.75 Td (statements. ) Tj ET Q q 0 0 0 rg BT 391.41 282.75 Td ( ) Tj ET Q q 0 0 0 rg BT 393.64 282.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 411.42 282.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 433.64 282.75 Td (of ) Tj ET Q q 0 0 0 rg BT 444.20 282.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 476.97 282.75 Td (control ) Tj ET Q q 0 0 0 rg BT 507.53 282.75 Td (over ) Tj ET Q q 0 0 0 rg BT 527.52 282.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 87.57 270.75 Td (included ) Tj ET Q q 0 0 0 rg BT 123.41 270.75 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 162.60 270.75 Td (an ) Tj ET Q q 0 0 0 rg BT 173.45 270.75 Td (understanding ) Tj ET Q q 0 0 0 rg BT 231.51 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 241.25 270.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 273.21 270.75 Td (control ) Tj ET Q q 0 0 0 rg BT 302.94 270.75 Td (over ) Tj ET Q q 0 0 0 rg BT 322.12 270.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.51 270.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 399.08 270.75 Td (assessing ) Tj ET Q q 0 0 0 rg BT 437.71 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 451.34 270.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 467.75 270.75 Td (that ) Tj ET Q q 0 0 0 rg BT 484.16 270.75 Td (a ) Tj ET Q q 0 0 0 rg BT 490.01 270.75 Td (material ) Tj ET Q q 0 0 0 rg BT 524.18 270.75 Td (weakness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (exists, ) Tj ET Q q 0 0 0 rg BT 77.03 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 93.72 258.75 Td (testing ) Tj ET Q q 0 0 0 rg BT 122.63 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.32 258.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 183.22 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 197.69 258.75 Td (design ) Tj ET Q q 0 0 0 rg BT 226.05 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.73 258.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 282.75 258.75 Td (ef) Tj ET Q q 0 0 0 rg BT 290.34 258.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 337.01 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 347.59 258.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 380.38 258.75 Td (control ) Tj ET Q q 0 0 0 rg BT 410.96 258.75 Td (based ) Tj ET Q q 0 0 0 rg BT 435.98 258.75 Td (on ) Tj ET Q q 0 0 0 rg BT 448.23 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 462.69 258.75 Td (assessed ) Tj ET Q q 0 0 0 rg BT 498.82 258.75 Td (risk. ) Tj ET Q q 0 0 0 rg BT 518.57 258.75 Td ( ) Tj ET Q q 0 0 0 rg BT 520.82 258.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 538.63 258.75 Td (audits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (also ) Tj ET Q q 0 0 0 rg BT 67.21 246.75 Td (included ) Tj ET Q q 0 0 0 rg BT 103.25 246.75 Td (performing ) Tj ET Q q 0 0 0 rg BT 149.83 246.75 Td (such ) Tj ET Q q 0 0 0 rg BT 169.76 246.75 Td (other ) Tj ET Q q 0 0 0 rg BT 191.91 246.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 237.38 246.75 Td (as ) Tj ET Q q 0 0 0 rg BT 247.31 246.75 Td (we ) Tj ET Q q 0 0 0 rg BT 260.57 246.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 305.49 246.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 345.96 246.75 Td (in ) Tj ET Q q 0 0 0 rg BT 355.34 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.16 246.75 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 429.78 246.75 Td (W) Tj ET Q q 0 0 0 rg BT 438.42 246.75 Td (e ) Tj ET Q q 0 0 0 rg BT 444.46 246.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 474.94 246.75 Td (that ) Tj ET Q q 0 0 0 rg BT 491.53 246.75 Td (our ) Tj ET Q q 0 0 0 rg BT 506.46 246.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 531.95 246.75 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 234.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 101.69 234.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 124.19 234.75 Td (for ) Tj ET Q q 0 0 0 rg BT 138.35 234.75 Td (our ) Tj ET Q q 0 0 0 rg BT 154.18 234.75 Td (opinions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (Definition ) Tj ET Q q 0 0 0 rg BT 94.23 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 112.29 210.75 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 162.02 210.75 Td (of ) Tj ET Q q 0 0 0 rg BT 172.85 210.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 209.25 210.75 Td (Control ) Tj ET Q q 0 0 0 rg BT 243.43 210.75 Td (over ) Tj ET Q q 0 0 0 rg BT 263.70 210.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 306.77 210.75 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 186.75 Td ( ) Tj ET Q q 0 0 0 rg BT 57.86 186.75 Td (company) Tj ET Q q 0 0 0 rg BT 97.29 186.75 Td (s ) Tj ET Q q 0 0 0 rg BT 102.88 186.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 135.11 186.75 Td (control ) Tj ET Q q 0 0 0 rg BT 165.13 186.75 Td (over ) Tj ET Q q 0 0 0 rg BT 184.59 186.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.26 186.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 259.60 186.75 Td (is ) Tj ET Q q 0 0 0 rg BT 267.96 186.75 Td (a ) Tj ET Q q 0 0 0 rg BT 274.09 186.75 Td (process ) Tj ET Q q 0 0 0 rg BT 305.77 186.75 Td (designed ) Tj ET Q q 0 0 0 rg BT 343.01 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 352.48 186.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.72 186.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 429.16 186.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 469.72 186.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 509.73 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.64 186.75 Td (reliability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 61.16 174.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.46 174.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.45 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 157.21 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.75 174.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 221.61 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 233.27 174.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.58 174.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.12 174.75 Td (for ) Tj ET Q q 0 0 0 rg BT 332.10 174.75 Td (external ) Tj ET Q q 0 0 0 rg BT 367.63 174.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 406.51 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 417.61 174.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 465.90 174.75 Td (with ) Tj ET Q q 0 0 0 rg BT 487.01 174.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.54 174.75 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.30 162.75 Td (principles. ) Tj ET Q q 0 0 0 rg BT 139.16 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 140.66 162.75 Td (A) Tj ET Q q 0 0 0 rg BT 147.33 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 149.26 162.75 Td (company) Tj ET Q q 0 0 0 rg BT 188.69 162.75 Td (s ) Tj ET Q q 0 0 0 rg BT 194.51 162.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 226.98 162.75 Td (control ) Tj ET Q q 0 0 0 rg BT 257.23 162.75 Td (over ) Tj ET Q q 0 0 0 rg BT 276.92 162.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.83 162.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 352.41 162.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 387.66 162.75 Td (those ) Tj ET Q q 0 0 0 rg BT 410.70 162.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 443.73 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 460.09 162.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 505.88 162.75 Td (that ) Tj ET Q q 0 0 0 rg BT 522.81 162.75 Td (\(i\)pertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.55 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 74.04 150.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 126.84 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.44 150.75 Td (records ) Tj ET Q q 0 0 0 rg BT 169.15 150.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 188.91 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 198.97 150.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 243.99 150.75 Td (detail, ) Tj ET Q q 0 0 0 rg BT 270.98 150.75 Td (accurately ) Tj ET Q q 0 0 0 rg BT 314.33 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.04 150.75 Td (fairly ) Tj ET Q q 0 0 0 rg BT 354.97 150.75 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.77 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 397.26 150.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 447.30 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.01 150.75 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 514.07 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 524.68 150.75 Td (the ) Tj ET Q q 0 0 0 rg BT 539.17 150.75 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.72 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.83 138.75 Td (company; 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/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 428 620.5 m 493 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 620.5 m 562 620.5 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 428 512.5 m 493 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 512.5 m 562 512.5 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 428 477.5 m 493 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 475.5 m 493 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 477.5 m 562 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 475.5 m 562 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 394.5 m 493 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 394.5 m 562 394.5 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 428 313.5 m 493 313.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 313.5 m 562 313.5 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 428 208.5 m 493 208.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 208.5 m 562 208.5 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 428 185.5 m 493 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 183.5 m 493 183.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 185.5 m 562 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 183.5 m 562 183.5 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 (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 697.75 Td (2016) 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 (Curr) Tj ET Q q 0 0 0 rg BT 68.76 672.58 Td (ent 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 660.45 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 660.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 660.45 Td (1,606) 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 (146,334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 648.45 Td (124,936) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 636.45 Td (T) Tj ET Q q 0 0 0 rg BT 68.25 636.45 Td (rade and other receivables, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 636.45 Td (45,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 636.45 Td (43,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 624.45 Td (Other current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 624.45 Td (10,670) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 624.45 Td (10,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 612.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.11 612.45 Td (otal current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 612.45 Td (202,255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 612.45 Td (181,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 600.58 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 600.58 Td (operty and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 600.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 600.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 588.45 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 489.50 588.45 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 75.50 576.45 Td (Proved properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.75 576.45 Td (10,775,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.75 576.45 Td (10,419,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 564.45 Td (Unevaluated properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 564.45 Td (951,397) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 564.45 Td (927,819) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 552.45 Td (CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 74.61 551.31 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.21 552.45 Td ( properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 552.45 Td (1,191,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 552.45 Td (1,188,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 540.45 Td (Pipelines and plants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 540.45 Td (2,286,047) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 540.45 Td (2,285,812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 528.45 Td (Other property and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 528.45 Td (339,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 528.45 Td (378,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 516.45 Td (Less accumulated depletion, depreciation, amortization and impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.10 516.45 Td (\(1) Tj ET Q q 0 0 0 rg BT 457.76 516.45 Td (1,376,646) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 516.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.10 516.45 Td (\(1) Tj ET Q q 0 0 0 rg BT 526.76 516.45 Td (1,212,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 516.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 504.45 Td (Net property and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 504.45 Td (4,166,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 504.45 Td (3,988,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 492.45 Td (Other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 492.45 Td (102,178) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 492.45 Td (105,078) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 480.58 Td (T) Tj ET Q q 0 0 0 rg BT 80.47 480.58 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 480.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 480.45 Td (4,471,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 480.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 480.45 Td (4,274,578) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.60 468.58 Td (Liabilities and Stockholders) Tj ET Q q 0 0 0 rg BT 341.24 468.58 Td ( Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 456.58 Td (Curr) Tj ET Q q 0 0 0 rg BT 68.76 456.58 Td (ent liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 456.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 456.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 444.45 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 444.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 444.45 Td (177,220) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 444.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 444.45 Td (200,266) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 432.45 Td (Oil and gas production payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 432.45 Td (76,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 432.45 Td (80,585) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 419.75 Td (Derivative liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 419.75 Td (99,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 419.75 Td (69,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 406.75 Td (Current maturities of long-term debt \(including future interest payable of $75,347 and $50,349, respectively ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 398.75 Td (see Note 5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 398.75 Td (105,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 398.75 Td (83,366) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 386.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.11 386.45 Td (otal current liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 386.45 Td (458,057) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 386.45 Td (433,496) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 374.58 Td (Long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 374.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 374.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 361.75 Td (Long-term debt, net of current portion \(including future interest payable of $241,472 and $178,476, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 353.75 Td ( see Note 5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 353.75 Td (2,979,086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 353.75 Td (2,909,732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 341.45 Td (Asset retirement obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 341.45 Td (165,756) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 341.45 Td (146,807) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 329.45 Td (Deferred tax liabilities, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 329.45 Td (198,099) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 329.45 Td (293,878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 317.45 Td (Other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 317.45 Td (22,136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 317.45 Td (22,217) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 305.45 Td (T) Tj ET Q q 0 0 0 rg BT 80.11 305.45 Td (otal long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 305.45 Td (3,365,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 305.45 Td (3,372,634) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 293.58 Td (Commitments and contingencies \(Note 1) Tj ET Q q 0 0 0 rg BT 189.04 293.58 Td (1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 281.58 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 98.02 281.58 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 281.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 281.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 269.45 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 481.80 269.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 269.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 256.75 Td (Common stock, $.001 par value, 600,000,000 shares authorized; 402,549,346 and 402,334,655 shares issued,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.50 248.75 Td (respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 248.75 Td (403) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 248.75 Td (402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 236.45 Td (Paid-in capital in excess of par) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 236.45 Td (2,507,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 236.45 Td (2,534,670) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 224.45 Td (Accumulated deficit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.10 224.45 Td (\(1,855,810) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 224.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 224.45 Td (\(2,018,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 224.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 212.45 Td (T) Tj ET Q q 0 0 0 rg BT 68.11 212.45 Td (reasury stock, at cost, 457,041 and 3,906,877 shares, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 212.45 Td (\(4,256) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 212.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 212.45 Td (\(47,635) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 212.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 200.45 Td (T) Tj ET Q q 0 0 0 rg BT 79.83 200.45 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 136.33 200.45 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 200.45 Td (648,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 200.45 Td (468,448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 188.58 Td (T) Tj ET Q q 0 0 0 rg BT 80.10 188.58 Td (otal liabilities and stockholders) Tj ET Q q 0 0 0 rg BT 188.18 188.58 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 188.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 188.45 Td (4,471,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 188.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 188.45 Td (4,274,578) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.35 167.00 Td (See accompanying Notes to Consolidated Financial Statements.) 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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 (65) 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 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ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.50 697.75 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.50 697.75 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 697.75 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 684.73 Td (Revenues and other) Tj ET Q q 0 0 0 rg BT 119.48 684.73 Td ( 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 671.75 Td (1,089,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 671.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 671.75 Td (935,751) 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 (1,213,026) 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 (26,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 658.75 Td (24,816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 658.75 Td (30,626) 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 (13,938) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 645.75 Td (15,029) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 645.75 Td (13,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 632.75 Td (T) Tj ET Q q 0 0 0 rg BT 80.61 632.75 Td (otal revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 632.75 Td (1,129,786) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 632.75 Td (975,596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 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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 (3,099) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 580.75 Td (3,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 580.75 Td (4,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 567.75 Td (T) Tj ET Q q 0 0 0 rg BT 68.61 567.75 Td (axes other than income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 567.75 Td (87,207) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 567.75 Td (77,892) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 567.75 Td (109,992) 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 (101,806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 554.75 Td (109,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 554.75 Td (144,564) 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 $30,762, $25,982 and $32,146, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 541.75 Td (99,263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 541.75 Td (125,145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 541.75 Td (159,268) 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 (207,713) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 528.75 Td (846,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 528.75 Td (531,660) 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 398.30 515.75 Td (77,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 515.75 Td (127,944) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 515.75 Td (\(147,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 515.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 502.75 Td (Gain on debt extinguishment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 502.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 502.75 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.26 502.75 Td (15,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 502.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 502.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 489.75 Td (W) Tj ET Q q 0 0 0 rg BT 71.39 489.75 Td (rite-down of oil and natural gas properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 489.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 489.75 Td (810,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 489.75 Td (4,939,600) 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 481.30 476.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 476.75 Td (1,261,512) 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 402.30 463.75 Td (7,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 463.75 Td (37,402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 463.75 Td (9,599) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 450.75 Td (T) Tj ET Q q 0 0 0 rg BT 80.33 450.75 Td (otal expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 450.75 Td (1,083,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 450.75 Td (2,495,943) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 450.75 Td (7,583,542) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 437.73 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 117.25 437.73 Td (e income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 437.75 Td (46,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 437.75 Td (\(1,520,347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 437.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 437.75 Td (\(6,325,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 437.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 424.75 Td (Income tax benefit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 424.75 Td (\(1) Tj ET Q q 0 0 0 rg BT 398.26 424.75 Td (16,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 424.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 424.75 Td (\(544,170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 424.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 424.75 Td (\(1,940,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 424.75 Td (\)) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 411.75 Td (163,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 411.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 411.75 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 411.75 Td (\)) 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 523.60 411.75 Td (\(4,385,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 411.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 383.73 Td (Net income \(loss\) per) Tj ET Q q 0 0 0 rg BT 123.69 383.73 Td ( common shar) Tj ET Q q 0 0 0 rg BT 171.98 383.73 Td (e) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 370.75 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 370.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 370.75 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 370.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 370.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 370.75 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 370.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 357.75 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 357.75 Td (0.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 357.75 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 357.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 357.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 357.75 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 357.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 327.73 Td (Dividends declar) Tj ET Q q 0 0 0 rg BT 109.49 327.73 Td (ed per) Tj ET Q q 0 0 0 rg BT 130.89 327.73 Td ( common shar) Tj ET Q q 0 0 0 rg BT 179.19 327.73 Td (e) 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 481.30 327.75 Td () 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 (0.1875) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 299.73 Td (W) Tj ET Q q 0 0 0 rg BT 59.56 299.73 Td (eighted average common shar) Tj ET Q q 0 0 0 rg BT 161.39 299.73 Td (es 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 (390,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 286.75 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 286.75 Td (348,802) 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 (395,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 273.75 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 273.75 Td (348,802) 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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637.75 Td (otal 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 481.30 637.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 637.75 Td (209) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 624.73 Td (Compr) Tj ET Q q 0 0 0 rg BT 76.30 624.73 Td (ehensive income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 624.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 624.75 Td (163,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 624.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 624.75 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 624.75 Td (\)) 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 523.60 624.75 Td (\(4,385,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 624.75 Td (\)) 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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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.80 748.75 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.25 736.75 Td (\(In thousands\)) 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 49.50 695.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 695.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 695.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 695.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 695.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 695.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 671.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 671.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 671.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 671.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 671.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 671.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 646.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 646.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 646.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 646.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 646.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 622.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 622.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 622.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 622.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 622.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 622.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 598.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 598.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 598.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 598.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 598.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 598.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 574.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 574.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 574.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 574.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 574.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 574.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 550.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 550.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 550.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 550.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 550.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 550.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 526.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 526.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 526.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 526.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 526.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 526.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 502.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 502.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 502.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 502.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 502.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 502.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 478.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 478.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 478.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 478.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 478.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 478.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 454.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 454.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 454.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 454.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 454.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 454.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 430.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 430.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 430.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 430.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 430.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 430.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 406.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 406.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 406.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 406.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 406.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 406.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 382.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 382.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 382.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 382.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 382.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 382.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 358.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 358.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 358.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 358.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 358.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 358.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 334.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 334.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 334.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 334.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 334.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 334.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 310.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 310.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 310.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 310.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 310.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 310.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 286.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 286.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 286.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 286.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 286.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 286.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 262.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 262.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 262.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 262.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 262.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 262.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 238.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 238.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 238.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 238.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 238.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 238.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 214.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 214.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 214.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 214.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 214.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 214.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 190.50 309.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 190.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 190.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 190.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 190.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 190.50 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 358.5 707.5 m 423.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 707.5 m 427.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 707.5 m 492.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 707.5 m 496.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 707.5 m 561.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 695.5 m 423.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 695.5 m 492.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 695.5 m 561.5 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 454.5 m 423.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 454.5 m 492.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 454.5 m 561.5 454.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 442.5 m 423.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 442.5 m 492.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 442.5 m 561.5 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 346.5 m 423.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 346.5 m 492.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 346.5 m 561.5 346.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 334.5 m 423.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 334.5 m 492.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 334.5 m 561.5 334.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 226.5 m 423.5 226.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 226.5 m 492.5 226.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 226.5 m 561.5 226.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 214.5 m 423.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 214.5 m 492.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 214.5 m 561.5 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 190.5 m 423.5 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 190.5 m 492.5 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 190.5 m 561.5 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 179.5 m 423.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 177.5 m 423.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 179.5 m 492.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 177.5 m 492.5 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 179.5 m 561.5 179.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 177.5 m 561.5 177.5 l s BT /F1 8.00 Tf ET q 0 0 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 (Y) Tj ET Q q 0 0 0 rg BT 422.83 711.45 Td (ear 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 (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.50 699.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 699.45 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 687.58 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 97.26 687.58 Td (om 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 675.45 Td (163,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 675.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 675.45 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 675.45 Td (\)) 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 523.60 675.45 Td (\(4,385,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 675.45 Td (\)) 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 (207,713) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 650.45 Td (846,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 650.45 Td (531,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 638.45 Td (W) Tj ET Q q 0 0 0 rg BT 71.39 638.45 Td (rite-down of oil and natural gas properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 638.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 638.45 Td (810,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 638.45 Td (4,939,600) 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 481.30 626.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 626.45 Td (1,261,512) 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 395.60 614.45 Td (\(95,779) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 614.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 614.45 Td (\(543,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 614.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 614.45 Td (\(1,932,179) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 614.45 Td (\)) 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 (15,154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 602.45 Td (14,995) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 602.45 Td (30,604) 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 398.30 590.45 Td (77,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 590.45 Td (127,944) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 590.45 Td (\(147,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 590.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 578.45 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 578.45 Td (\(47,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 578.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 578.45 Td (84,181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 578.45 Td (51) Tj ET Q q 0 0 0 rg BT 540.30 578.45 Td (1,699) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 566.45 Td (Gain on debt extinguishment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 566.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 566.45 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.26 566.45 Td (15,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 566.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 566.45 Td () 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 402.30 554.45 Td (6,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 554.45 Td (17,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 554.45 Td (9,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 542.45 Td (Other) Tj ET Q q 0 0 0 rg BT 82.05 542.45 Td (, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 542.45 Td (3,1) Tj ET Q q 0 0 0 rg BT 412.30 542.45 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 542.45 Td (\(2,161) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 542.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 542.45 Td (343) 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 ef) Tj ET Q q 0 0 0 rg BT 190.27 530.45 Td (fects 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 (\(21,398) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 518.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 518.45 Td (\(24,290) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 518.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 518.45 Td (81,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 506.45 Td (T) Tj ET Q q 0 0 0 rg BT 68.75 506.45 Td (rade and other receivables) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 506.45 Td (\(4,421) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 506.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 506.45 Td (35,923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 506.45 Td (67,047) 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 (\(1,722) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 494.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 494.45 Td (\(8,661) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 494.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 494.45 Td (241) 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 (\(24,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 482.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 482.45 Td (\(34,240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 482.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 482.45 Td (\(55,234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 482.45 Td (\)) 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 (\(3,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 470.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 470.45 Td (\(6,752) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 470.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 470.45 Td (\(40,833) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 470.45 Td (\)) 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 (\(5,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 458.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 458.45 Td (\(7,029) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 458.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 458.45 Td (\(7,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 458.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 446.58 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 91.03 446.58 Td (ovided by operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 446.45 Td (267,143) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 446.45 Td (219,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 446.45 Td (864,304) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 422.58 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 97.26 422.58 Td (om 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 (\(262,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 410.45 Td (\(243,027) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 410.45 Td (\(476,398) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 410.45 Td (\)) 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 395.60 398.45 Td (\(88,886) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 398.45 Td (\(1,310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 398.45 Td (\(21,876) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 398.45 Td (\)) 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 (\(2,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 386.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 386.45 Td (\(2,321) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 386.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 386.45 Td (\(26,301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 386.45 Td (\)) 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 (\(2,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 374.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 374.45 Td (\(2,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 374.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 374.45 Td (\(31,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 374.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 362.45 Td (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 402.30 362.45 Td (1,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 362.45 Td (47,725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 362.45 Td (563) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 350.45 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 350.45 Td (\(2,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 350.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 350.45 Td (\(3,818) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 350.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 350.45 Td (5,555) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 338.58 Td (Net cash used in investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 338.45 Td (\(357,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 338.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 338.45 Td (\(205,417) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 338.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 338.45 Td (\(550,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 338.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 314.58 Td (Cash flows fr) Tj ET Q q 0 0 0 rg BT 97.26 314.58 Td (om financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 314.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 314.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 314.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 302.45 Td (Bank repayments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 302.45 Td (\(1,589,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 302.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 302.45 Td (\(1,730,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 302.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 302.45 Td (\(1,862,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 302.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 290.45 Td (Bank borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 290.45 Td (1,763,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 290.45 Td (1,856,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 290.45 Td (1,642,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 278.45 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 395.60 278.45 Td (\(50,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 278.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 278.45 Td (\(25,835) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 278.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 278.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 266.45 Td (Repayment or repurchases of senior subordinated notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 266.45 Td (\(2,503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 266.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 266.45 Td (\(76,708) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 266.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.60 266.45 Td (\(485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 266.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 254.45 Td (Pipeline financing and capital lease debt repayments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 254.45 Td (\(27,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 254.45 Td (\(28,849) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 254.45 Td (\(33,642) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 242.45 Td (Cash dividends paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.60 242.45 Td (\(275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 242.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 242.45 Td (\(486) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 242.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 242.45 Td (\(65,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 242.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 230.45 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 230.45 Td (\(4,798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 230.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 230.45 Td (\(9,134) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 230.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 230.45 Td (\(14,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 230.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 218.58 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 91.03 218.58 Td (ovided by \(used in\) financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 218.45 Td (88,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 218.45 Td (\(15,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 218.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 218.45 Td (\(334,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 218.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 206.58 Td (Net decr) Tj ET Q q 0 0 0 rg BT 81.02 206.58 Td (ease in cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 206.45 Td (\(1,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 206.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 206.45 Td (\(1,206) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 206.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 206.45 Td (\(20,341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 206.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 194.45 Td (Cash and cash equivalents at beginning of year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 194.45 Td (1,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 194.45 Td (2,812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 194.45 Td (23,153) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 182.58 Td (Cash and cash equivalents at end of year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 182.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 182.45 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 182.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 182.45 Td (1,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 182.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 182.45 Td (2,812) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 155.00 Td (See accompanying Notes to Consolidated Financial Statements.) 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0 rg BT 162.15 692.55 Td (Shares) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 212.00 692.55 Td (Amount) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 692.55 Td (Shares) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.00 692.55 Td (Amount) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 680.56 Td (Balance December) Tj ET Q q 0 0 0 rg BT 113.47 680.56 Td ( 31, 2014) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 680.55 Td (41) Tj ET Q q 0 0 0 rg BT 165.10 680.55 Td (1,779,91) Tj ET Q q 0 0 0 rg BT 189.60 680.55 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 680.55 Td (412) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 254.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 680.55 Td (3,230,418) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 306.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 321.15 680.55 Td (3,392,465) 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 (\(209) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.15 680.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.60 680.55 Td (58,415,507) 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 (\(919,230) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 680.55 Td (\)) 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 (5,703,856) 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 426.15 668.55 Td (4,424,702) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 485.55 668.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 491.38 668.60 Td (1,759) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 668.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.55 668.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 543.38 668.60 Td (1,759) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 668.55 Td (\)) 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 (3,900,127) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.65 649.55 Td (5) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 286.65 649.55 Td (562) 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 548.65 649.55 Td (567) 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 (\(2,867) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 630.55 Td (\)) 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 429.05 630.60 Td (\(353,480) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 454.15 630.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.40 630.55 Td (5,534) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.40 630.55 Td (2,667) 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 170.40 611.55 Td (292,407) 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 (398) 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 (398) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 599.55 Td (Share correction) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 162.80 599.55 Td (\(1,430,819) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.15 599.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 239.30 599.55 Td (\(2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 245.15 599.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 275.55 599.55 Td (\(22,076) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 599.55 Td (\)) 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 537.55 599.60 Td (\(22,078) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 599.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 587.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 587.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 587.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 277.90 587.55 Td (39,285) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 587.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 587.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 587.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 587.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 587.55 Td (39,285) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 575.55 Td (Income tax shortfall from) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 568.55 Td (equity awards) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 568.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 568.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 279.05 568.55 Td (\(8,102) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 568.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 568.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 568.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 568.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 568.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 568.60 Td (\(8,102) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 568.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 556.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.53 556.55 Td (ax withholding stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 549.55 Td (compensation) 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 () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.40 549.55 Td (637,582) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 489.05 549.60 Td (\(4,712) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 549.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 549.60 Td (\(4,712) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 549.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 537.55 Td (Derivative contracts, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 537.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 537.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 537.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 537.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 392.65 537.55 Td (209) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 537.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 537.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.65 537.55 Td (209) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 525.55 Td (Cash dividends declared) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 518.55 Td (\($0.1875 per common share\)) 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 327.55 518.60 Td (\(65,971) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 518.55 Td (\)) 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 537.55 518.60 Td (\(65,971) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 518.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 506.55 Td (Retirement of treasury stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 159.30 506.55 Td (\(60,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.15 506.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 235.80 506.55 Td (\(60) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 245.15 506.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.05 506.55 Td (\(884,069) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 506.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 506.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 506.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 420.30 506.60 Td (\(60,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 454.15 506.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 484.40 506.55 Td (884,129) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 506.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 494.55 Td (Net loss) 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 318.80 494.60 Td (\(4,385,448) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 494.55 Td (\)) 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 447.15 494.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 494.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 528.80 494.60 Td (\(4,385,448) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 494.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 482.56 Td (Balance December) Tj ET Q q 0 0 0 rg BT 113.47 482.56 Td ( 31, 2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 482.55 Td (354,541,626) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 482.55 Td (355) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 482.55 Td (2,353,549) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.80 482.60 Td (\(1,058,954) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 482.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 482.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 426.15 482.55 Td (3,124,31) Tj ET Q q 0 0 0 rg BT 450.65 482.55 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 485.55 482.60 Td (\(46,038) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 482.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 531.15 482.55 Td (1,248,912) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 470.55 Td (Cumulative ef) Tj ET Q q 0 0 0 rg BT 92.29 470.55 Td (fect of) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 463.55 Td (accounting change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 463.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 463.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 284.30 463.55 Td (\(415) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 463.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 329.90 463.55 Td (16,072) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 463.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 463.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 463.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 463.55 Td (15,657) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 451.55 Td (Issued or purchased pursuant) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 444.55 Td (to stock compensation plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 165.15 444.55 Td (7,031,767) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.65 444.55 Td (7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.30 444.55 Td (\(7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 444.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 444.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 444.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 444.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 444.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 444.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 432.55 Td (Issued pursuant to directors) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 425.55 Td (compensation plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 173.90 425.55 Td (31,930) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 425.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 425.55 Td (50) 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 552.15 425.55 Td (50) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 413.55 Td (Issued as part of debt exchange) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 161.60 413.55 Td (40,729,332) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 413.55 Td (40) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 274.40 413.55 Td (160,451) 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 536.40 413.55 Td (160,491) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 401.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 401.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 401.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 277.90 401.55 Td (21,042) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 401.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 401.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 401.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 401.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 401.55 Td (21,042) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 389.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.53 389.55 Td (ax withholding stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 382.55 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 382.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 382.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 382.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 382.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 382.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.40 382.55 Td (782,566) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 489.05 382.60 Td (\(1,597) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 382.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 382.60 Td (\(1,597) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 382.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 370.55 Td (Dividends adjustments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 370.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 370.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 370.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 370.55 Td (70) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 370.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 370.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 370.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 370.55 Td (70) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 358.55 Td (Net loss) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 358.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 358.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 358.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 324.05 358.60 Td (\(976,177) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 358.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 358.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 358.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 358.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 534.05 358.60 Td (\(976,177) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 358.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 346.56 Td (Balance December) Tj ET Q q 0 0 0 rg BT 113.47 346.56 Td ( 31, 2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 346.55 Td (402,334,655) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 346.55 Td (402) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 346.55 Td (2,534,670) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.80 346.60 Td (\(2,018,989) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 346.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 346.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 426.15 346.55 Td (3,906,877) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 485.55 346.60 Td (\(47,635) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 346.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.40 346.55 Td (468,448) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 334.55 Td (Issued or purchased pursuant) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 327.55 Td (to stock compensation plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 165.15 327.55 Td (5,201,854) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.65 327.55 Td (6) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.30 327.55 Td (\(6) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 327.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 327.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 327.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 327.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 327.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 327.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 315.55 Td (Issued pursuant to directors) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 308.55 Td (compensation plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 173.90 308.55 Td (12,837) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 308.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 308.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 308.55 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 10.00 Tf ET q 0 0 0 rg BT 444.15 309.17 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 308.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 308.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 296.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 296.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 296.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 277.90 296.55 Td (19,721) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 296.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 296.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 296.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 296.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 296.55 Td (19,721) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 284.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.53 284.55 Td (ax withholding stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 277.55 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 277.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 277.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 277.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 277.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 277.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 426.15 277.55 Td (1,550,164) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 489.05 277.60 Td (\(3,183) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 277.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 277.60 Td (\(3,183) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 277.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 265.55 Td (Retirement of treasury stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 162.80 265.55 Td (\(5,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.15 265.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 239.30 265.55 Td (\(5) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 245.15 265.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 275.55 265.55 Td (\(46,557) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 265.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 265.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 265.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 423.80 265.60 Td (\(5,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 454.15 265.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 487.90 265.55 Td (46,562) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 265.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 253.55 Td (Dividends adjustments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 253.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 253.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 253.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 253.55 Td (27) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 253.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 253.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 253.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 253.55 Td (27) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 241.55 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 241.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 241.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 241.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 326.40 241.55 Td (163,152) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 241.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 241.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 241.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.40 241.55 Td (163,152) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 229.56 Td (Balance December) Tj ET Q q 0 0 0 rg BT 113.41 229.56 Td ( 31, 2017) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 229.55 Td (402,549,346) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.50 229.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 229.55 Td (403) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 254.50 229.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 229.55 Td (2,507,828) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 306.50 229.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.80 229.60 Td (\(1,855,810) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 229.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.50 229.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 229.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.40 229.55 Td (457,041) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.50 229.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 489.05 229.60 Td (\(4,256) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 229.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.50 229.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.40 229.55 Td (648,165) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 202.00 Td (See accompanying Notes to Consolidated Financial Statements.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 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 (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Note 1. 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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 (and ) Tj ET Q q 0 0 0 rg BT 66.34 353.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 80.41 353.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 120.02 353.10 Td (made ) Tj ET Q q 0 0 0 rg BT 144.08 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.26 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.88 353.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 215.15 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.89 353.10 Td (income ) Tj ET Q q 0 0 0 rg BT 257.73 353.10 Td (taxes.) Tj ET Q q 0 0 0 rg BT 285.59 353.10 Td (While ) Tj ET Q q 0 0 0 rg BT 312.43 353.10 Td (management ) Tj ET Q q 0 0 0 rg BT 365.92 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 375.00 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 390.18 353.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 416.45 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.18 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 444.03 353.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 488.64 353.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 527.15 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.34 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 554.18 353.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.32 341.10 Td (current ) Tj ET Q q 0 0 0 rg BT 94.02 341.10 Td (year) Tj ET Q q 0 0 0 rg BT 111.02 341.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 132.17 341.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 175.26 341.10 Td (there ) Tj ET Q q 0 0 0 rg BT 198.62 341.10 Td (will ) Tj ET Q q 0 0 0 rg BT 217.55 341.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 243.70 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 256.52 341.10 Td (future ) Tj ET Q q 0 0 0 rg BT 283.77 341.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 323.25 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.41 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 347.23 341.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 387.82 341.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 426.19 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.01 341.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 481.82 341.10 Td (such ) Tj ET Q q 0 0 0 rg BT 503.53 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.23 341.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 554.72 341.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.27 329.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 103.28 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.17 329.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 150.39 329.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 166.17 329.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 205.01 329.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 239.67 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.90 329.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 294.02 329.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 332.29 329.10 Td (payouts, ) Tj ET Q q 0 0 0 rg BT 368.35 329.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 389.14 329.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 421.58 329.10 Td (audits, ) Tj ET Q q 0 0 0 rg BT 450.42 329.10 Td (re-allocations ) Tj ET Q q 0 0 0 rg BT 507.29 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.74 329.10 Td (purchasers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.40 317.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 101.57 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 112.47 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 135.58 317.10 Td (corrections ) Tj ET Q q 0 0 0 rg BT 182.58 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.58 317.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 249.92 317.10 Td (common ) Tj ET Q q 0 0 0 rg BT 287.49 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.83 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.62 317.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 325.75 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.75 317.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 373.08 317.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 388.98 317.10 Td (industry) Tj ET Q q 0 0 0 rg BT 421.11 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 426.18 317.10 Td (many ) Tj ET Q q 0 0 0 rg BT 450.96 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.86 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 488.87 317.10 Td (require ) Tj ET Q q 0 0 0 rg BT 519.75 317.10 Td (retroactive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (application.) Tj ET Q q 0 0 0 rg BT 101.25 305.10 Td (These ) Tj ET Q q 0 0 0 rg BT 127.42 305.10 Td (types ) Tj ET Q q 0 0 0 rg BT 150.83 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.46 305.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 211.54 305.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 240.49 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.23 305.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.62 305.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 331.24 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.98 305.10 Td (will ) Tj ET Q q 0 0 0 rg BT 365.84 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 377.58 305.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 414.85 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.93 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.45 305.10 Td (period ) Tj ET Q q 0 0 0 rg BT 467.29 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.37 305.10 Td (which ) Tj ET Q q 0 0 0 rg BT 504.11 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 305.10 Td (adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (occurs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.10 293.10 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 99.64 245.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 121.79 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 150.04 245.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 186.63 245.10 Td (have ) Tj ET Q q 0 0 0 rg BT 208.22 245.10 Td (been ) Tj ET Q q 0 0 0 rg BT 229.80 245.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 278.04 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.52 245.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 325.11 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.59 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.51 245.10 Td (current ) Tj ET Q q 0 0 0 rg BT 381.54 245.10 Td (year ) Tj ET Q q 0 0 0 rg BT 401.45 245.10 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 455.53 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.23 245.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 480.94 245.10 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 548.07 245.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (no ) Tj ET Q q 0 0 0 rg BT 62.00 233.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 91.71 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 104.21 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 120.04 233.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 155.86 233.10 Td (net ) Tj ET Q q 0 0 0 rg BT 170.57 233.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 205.01 233.10 Td (current ) Tj ET Q q 0 0 0 rg BT 235.82 233.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 264.15 233.10 Td (total ) Tj ET Q q 0 0 0 rg BT 284.43 233.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 312.76 233.10 Td (current ) Tj ET Q q 0 0 0 rg BT 343.57 233.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 385.79 233.10 Td (total ) Tj ET Q q 0 0 0 rg BT 406.06 233.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 445.78 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 456.61 233.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 509.74 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.24 233.10 Td (equity) Tj ET Q q 0 0 0 rg BT 536.59 233.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.67 209.10 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 185.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.99 185.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 119.29 185.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.70 185.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 159.67 185.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 185.42 185.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 235.62 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.81 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 257.67 185.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 277.85 185.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 325.81 185.10 Td (if ) Tj ET Q q 0 0 0 rg BT 334.34 185.10 Td (they ) Tj ET Q q 0 0 0 rg BT 353.97 185.10 Td (have ) Tj ET Q q 0 0 0 rg BT 375.26 185.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 417.67 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.42 185.10 Td (three ) Tj ET Q q 0 0 0 rg BT 450.82 185.10 Td (months ) Tj ET Q q 0 0 0 rg BT 482.69 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.43 185.10 Td (less ) Tj ET Q q 0 0 0 rg BT 510.85 185.10 Td (at ) Tj ET Q q 0 0 0 rg BT 520.48 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.12 185.10 Td (date ) Tj ET Q q 0 0 0 rg BT 554.19 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (purchase.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (Oil and Natural Gas Pr) Tj ET Q q 0 0 0 rg BT 149.32 149.10 Td (operties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 119.02 125.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.85 125.10 Td () Tj ET Q q 0 0 0 rg BT 149.67 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 158.31 125.10 Td (e ) Tj ET Q q 0 0 0 rg BT 165.38 125.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 194.11 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.96 125.10 Td (full ) Tj ET Q q 0 0 0 rg BT 225.48 125.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 244.21 125.10 Td (method ) Tj ET Q q 0 0 0 rg BT 276.84 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.80 125.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 334.30 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.59 125.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.77 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.84 125.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 409.24 125.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 425.20 125.10 Td (properties.Under ) Tj ET Q q 0 0 0 rg BT 500.30 125.10 Td (this ) Tj ET Q q 0 0 0 rg BT 517.38 125.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 552.50 125.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.02 113.10 Td (related ) Tj ET Q q 0 0 0 rg BT 101.75 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.05 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.79 113.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 175.69 113.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 223.75 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.71 113.10 Td (development ) Tj ET Q q 0 0 0 rg BT 294.89 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.74 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 318.82 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.78 113.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.06 113.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 381.91 113.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 417.20 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.92 113.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 477.75 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.71 113.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 547.76 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 558.06 113.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (single ) Tj ET Q q 0 0 0 rg BT 76.67 101.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 96.07 101.10 Td (center ) Tj ET Q q 0 0 0 rg BT 123.78 101.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 176.49 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.11 101.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 235.00 101.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.72 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.22 101.10 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 325.93 101.10 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 374.76 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.82 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.33 101.10 Td (United ) Tj ET Q q 0 0 0 rg BT 431.83 101.10 Td (States.Such ) Tj ET Q q 0 0 0 rg BT 486.51 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 509.80 101.10 Td (include ) Tj ET Q q 0 0 0 rg BT 542.52 101.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 94.76 89.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 118.63 89.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 161.66 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.47 89.10 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 226.61 89.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 281.58 89.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 302.95 89.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 330.98 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.35 89.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 394.82 89.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 438.68 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 460.06 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.77 89.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 500.58 89.10 Td (both ) Tj ET Q q 0 0 0 rg BT 519.74 89.10 Td (productive ) 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 66.74 77.10 Td (nonproductive ) Tj ET Q q 0 0 0 rg BT 127.31 77.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 153.72 77.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 199.83 77.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 232.07 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.88 77.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 288.78 77.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 325.74 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.98 77.10 Td (general ) Tj ET Q q 0 0 0 rg BT 375.21 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.46 77.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 452.47 77.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 491.37 77.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 524.72 77.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 77.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 97.45 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.30 65.10 Td (development ) Tj ET Q q 0 0 0 rg BT 168.36 65.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 209.37 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.22 65.10 Td (do ) Tj ET Q q 0 0 0 rg BT 238.63 65.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.81 65.10 Td (include ) Tj ET Q q 0 0 0 rg BT 285.66 65.10 Td (any ) Tj ET Q q 0 0 0 rg BT 302.51 65.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 324.92 65.10 Td (related ) Tj ET Q q 0 0 0 rg BT 354.53 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.71 65.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 412.95 65.10 Td (general ) Tj ET Q q 0 0 0 rg BT 444.78 65.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 484.95 65.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 524.00 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.74 65.10 Td (similar ) Tj ET Q endstream endobj 141 0 obj <> endobj 142 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 (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (activities.) Tj ET Q q 0 0 0 rg BT 92.92 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.56 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 108.62 713.10 Td (assign ) Tj ET Q q 0 0 0 rg BT 136.24 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.08 713.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 189.25 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 211.86 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.81 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 235.99 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.05 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 283.44 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 299.40 713.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 342.01 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.29 713.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 388.34 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.74 713.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 429.14 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.20 713.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 497.13 713.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 539.74 713.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 60.88 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.48 701.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 114.18 701.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 129.43 701.10 Td (values ) Tj ET Q q 0 0 0 rg BT 156.36 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 166.07 701.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 197.43 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.59 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.19 701.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 258.47 701.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 306.51 701.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 347.33 701.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 373.14 701.10 Td (Codification ) Tj ET Q q 0 0 0 rg BT 424.51 701.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 437.10 701.10 Td (ASC\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 465.70 701.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 484.86 701.10 Td (V) Tj ET Q q 0 0 0 rg BT 489.86 701.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 508.46 701.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 538.64 701.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (topic.Proceeds ) Tj ET Q q 0 0 0 rg BT 116.66 689.10 Td (received ) Tj ET Q q 0 0 0 rg BT 154.08 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.09 689.10 Td (disposals ) Tj ET Q q 0 0 0 rg BT 217.32 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.09 689.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 268.86 689.10 Td (against ) Tj ET Q q 0 0 0 rg BT 300.75 689.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 354.84 689.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 378.41 689.10 Td (except ) Tj ET Q q 0 0 0 rg BT 408.06 689.10 Td (when ) Tj ET Q q 0 0 0 rg BT 433.29 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.07 689.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 468.18 689.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 512.28 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.29 689.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 84.75 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.54 677.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 133.27 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.52 677.10 Td (which ) Tj ET Q q 0 0 0 rg BT 170.43 677.10 Td (case ) Tj ET Q q 0 0 0 rg BT 190.10 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.01 677.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 216.69 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.49 677.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.52 677.10 Td (would ) Tj ET Q q 0 0 0 rg BT 272.99 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.90 677.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 333.73 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.65 677.10 Td (A) Tj ET Q q 0 0 0 rg BT 342.32 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.79 677.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 380.03 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.83 677.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 411.63 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.43 677.10 Td (more ) Tj ET Q q 0 0 0 rg BT 445.44 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.24 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.04 677.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 502.28 677.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 537.50 677.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 665.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 107.25 665.10 Td (significant. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 641.10 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 112.45 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.42 641.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 153.90 641.10 Td (eciation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.72 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 214.12 641.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 237.96 641.10 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 287.61 641.10 Td (including ) Tj ET Q q 0 0 0 rg BT 329.23 641.10 Td (production ) Tj ET Q q 0 0 0 rg BT 376.40 641.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 422.45 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.74 641.10 Td (future ) Tj ET Q q 0 0 0 rg BT 468.46 641.10 Td (development ) Tj ET Q q 0 0 0 rg BT 523.95 641.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 550.30 641.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (depleted ) Tj ET Q q 0 0 0 rg BT 87.01 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.97 629.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 148.68 629.10 Td (using ) Tj ET Q q 0 0 0 rg BT 173.99 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.84 629.10 Td (unit-of-production ) Tj ET Q q 0 0 0 rg BT 267.35 629.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 303.48 629.10 Td (based ) Tj ET Q q 0 0 0 rg BT 329.88 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 343.51 629.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.92 629.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 389.11 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.18 629.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 438.58 629.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 455.54 629.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 491.93 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.90 629.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 552.51 629.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 100.79 617.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 143.75 617.10 Td (engineers.Oil ) Tj ET Q q 0 0 0 rg BT 204.77 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.62 617.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.81 617.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 267.56 617.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 302.73 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.36 617.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 359.20 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.40 617.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 413.47 617.10 Td (units ) Tj ET Q q 0 0 0 rg BT 435.34 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.76 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.62 617.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 477.04 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.79 617.10 Td (6,000 ) Tj ET Q q 0 0 0 rg BT 512.71 617.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 536.78 617.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 554.19 617.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.76 605.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.59 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.87 605.10 Td (one ) Tj ET Q q 0 0 0 rg BT 122.81 605.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 148.63 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.46 605.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 184.16 605.10 Td (oil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 95.12 581.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.64 581.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 130.39 581.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 179.39 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 193.68 581.10 Td (may ) Tj ET Q q 0 0 0 rg BT 213.53 581.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 247.26 581.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 277.10 581.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 328.04 581.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.67 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 372.75 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.60 581.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 440.77 581.10 Td (base ) Tj ET Q q 0 0 0 rg BT 461.17 581.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 496.02 581.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 554.19 581.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.69 569.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 115.44 569.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 151.18 569.10 Td (can ) Tj ET Q q 0 0 0 rg BT 168.04 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.45 569.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 217.87 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.63 569.10 Td (such ) Tj ET Q q 0 0 0 rg BT 249.94 569.10 Td (properties.) Tj ET Q q 0 0 0 rg BT 297.25 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 315.78 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 338.76 569.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 379.50 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 390.81 569.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 442.10 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.29 569.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 503.58 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.34 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.54 569.10 Td (full ) Tj ET Q q 0 0 0 rg BT 546.40 569.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.13 557.10 Td (base ) Tj ET Q q 0 0 0 rg BT 123.98 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 135.40 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.71 557.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 193.78 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.08 557.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 255.76 557.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 282.17 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.70 557.10 Td (evaluated. ) Tj ET Q q 0 0 0 rg BT 343.60 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.00 557.10 Td (At ) Tj ET Q q 0 0 0 rg BT 359.09 557.10 Td (least ) Tj ET Q q 0 0 0 rg BT 380.51 557.10 Td (annually) Tj ET Q q 0 0 0 rg BT 414.29 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 419.88 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 434.63 557.10 Td (test ) Tj ET Q q 0 0 0 rg BT 451.60 557.10 Td (these ) Tj ET Q q 0 0 0 rg BT 475.24 557.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.66 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.40 557.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.68 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.09 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 98.94 545.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 143.00 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.74 545.10 Td (management) Tj ET Q q 0 0 0 rg BT 207.60 545.10 Td (s ) Tj ET Q q 0 0 0 rg BT 213.90 545.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 266.29 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.03 545.10 Td (future ) Tj ET Q q 0 0 0 rg BT 303.32 545.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 336.56 545.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 380.62 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.36 545.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 413.75 545.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 456.70 545.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 483.83 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.68 545.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 534.74 545.10 Td (project ) 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 103.83 533.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 145.10 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.19 533.10 Td (As ) Tj ET Q q 0 0 0 rg BT 160.98 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.09 533.10 Td (result ) Tj ET Q q 0 0 0 rg BT 192.98 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.99 533.10 Td (this ) Tj ET Q q 0 0 0 rg BT 221.11 533.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 258.50 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 272.84 533.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 319.38 533.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 372.04 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.05 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 399.06 533.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 450.04 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 472.72 533.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.95 533.10 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 531.12 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 533.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td ($21.0 ) Tj ET Q q 0 0 0 rg BT 75.02 521.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.91 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.93 521.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.38 521.10 Td ($17.9 ) Tj ET Q q 0 0 0 rg BT 149.90 521.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.79 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.81 521.10 Td (during ) Tj ET Q q 0 0 0 rg BT 210.94 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.17 521.10 Td (years ) Tj ET Q q 0 0 0 rg BT 250.29 521.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 277.18 521.10 Td (December ) Tj ET Q q 0 0 0 rg BT 321.28 521.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 336.80 521.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 362.32 521.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 385.33 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.79 521.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 428.31 521.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 475.97 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 481.49 521.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 518.93 521.10 Td (these ) Tj ET Q q 0 0 0 rg BT 542.50 521.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 509.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 117.23 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.51 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.23 509.10 Td (full ) Tj ET Q q 0 0 0 rg BT 158.62 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 177.22 509.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 230.26 509.10 Td (base. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 77.32 485.10 Td (rite-Down ) Tj ET Q q 0 0 0 rg BT 123.48 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.64 485.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 150.81 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.77 485.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 205.94 485.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 225.44 485.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 235.81 485.10 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.69 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 293.07 485.10 Td (net ) Tj ET Q q 0 0 0 rg BT 308.12 485.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 354.26 485.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 377.10 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.27 485.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 401.66 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.93 485.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 449.53 485.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 465.70 485.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 508.52 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.56 485.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 554.73 485.10 Td (to ) 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 64.51 473.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 90.07 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.19 473.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 153.97 473.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 172.87 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.99 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.00 473.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 217.90 473.10 Td (center ) Tj ET Q q 0 0 0 rg BT 245.12 473.10 Td (ceiling.) Tj ET Q q 0 0 0 rg BT 279.65 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.99 473.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 316.89 473.10 Td (center ) Tj ET Q q 0 0 0 rg BT 344.11 473.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 374.11 473.10 Td (is ) Tj ET Q q 0 0 0 rg BT 383.58 473.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 416.36 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.48 473.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 441.93 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.94 473.10 Td (present ) Tj ET Q q 0 0 0 rg BT 488.61 473.10 Td (value ) Tj ET Q q 0 0 0 rg BT 513.06 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.18 473.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.96 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.75 461.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.87 461.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.89 461.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 181.24 461.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 194.37 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.39 461.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 241.73 461.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 257.64 461.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 292.98 461.10 Td (before ) Tj ET Q q 0 0 0 rg BT 321.10 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 347.55 461.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 404.01 461.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 426.59 461.10 Td (\(discounted ) Tj ET Q q 0 0 0 rg BT 475.82 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 485.62 461.10 Td (10%\), ) Tj ET Q q 0 0 0 rg BT 512.36 461.10 Td (based ) Tj ET Q q 0 0 0 rg BT 537.71 461.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.28 461.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.69 449.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 176.76 449.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 190.42 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.96 449.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 238.83 449.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 255.26 449.10 Td (price ) Tj ET Q q 0 0 0 rg BT 278.35 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.11 449.10 Td (each ) Tj ET Q q 0 0 0 rg BT 314.53 449.10 Td (month ) Tj ET Q q 0 0 0 rg BT 343.19 449.10 Td (during ) Tj ET Q q 0 0 0 rg BT 372.40 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.94 449.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 421.93 449.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 451.70 449.10 Td (period ) Tj ET Q q 0 0 0 rg BT 480.35 449.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 502.89 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.77 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.09 449.10 Td (end ) Tj ET Q q 0 0 0 rg BT 546.64 449.10 Td (of ) 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 (particular ) Tj ET Q q 0 0 0 rg BT 90.53 437.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 129.90 437.10 Td (period; ) Tj ET Q q 0 0 0 rg BT 160.94 437.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 180.33 437.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 194.71 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.64 437.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 228.47 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.51 437.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 282.22 437.10 Td (not ) Tj ET Q q 0 0 0 rg BT 297.71 437.10 Td (being ) Tj ET Q q 0 0 0 rg BT 322.65 437.10 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 368.12 437.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 387.51 437.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 401.89 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.82 437.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 442.31 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.35 437.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 472.18 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.23 437.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 524.27 437.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 437.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 425.10 Td (unproved ) Tj ET Q q 0 0 0 rg BT 100.63 425.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 143.13 425.10 Td (included ) Tj ET Q q 0 0 0 rg BT 180.08 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.38 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.11 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 227.63 425.10 Td (being ) Tj ET Q q 0 0 0 rg BT 252.36 425.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 297.35 425.10 Td (if ) Tj ET Q q 0 0 0 rg BT 305.98 425.10 Td (any; ) Tj ET Q q 0 0 0 rg BT 325.71 425.10 Td (less ) Tj ET Q q 0 0 0 rg BT 343.23 425.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 357.40 425.10 Td (related ) Tj ET Q q 0 0 0 rg BT 387.12 425.10 Td (income ) Tj ET Q q 0 0 0 rg BT 419.07 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.81 425.10 Td (ef) Tj ET Q q 0 0 0 rg BT 441.39 425.10 Td (fects.Our ) Tj ET Q q 0 0 0 rg BT 485.84 425.10 Td (future ) Tj ET Q q 0 0 0 rg BT 512.23 425.10 Td (net ) Tj ET Q q 0 0 0 rg BT 526.96 425.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.58 413.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 101.98 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 115.18 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.25 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 162.66 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 178.63 413.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 214.02 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.87 413.10 Td (not ) Tj ET Q q 0 0 0 rg BT 244.28 413.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 278.57 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 292.87 413.10 Td (development ) Tj ET Q q 0 0 0 rg BT 347.15 413.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 369.79 413.10 Td (related ) Tj ET Q q 0 0 0 rg BT 399.63 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.05 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.90 413.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 443.65 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.62 413.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 486.70 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.00 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.08 413.10 Td (developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 399.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.83 401.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 103.77 401.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 119.29 401.10 Td (those ) Tj ET Q q 0 0 0 rg BT 142.58 401.10 Td (related ) Tj ET Q q 0 0 0 rg BT 171.97 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.93 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.33 401.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 214.62 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.14 401.10 Td (constructing ) Tj ET Q q 0 0 0 rg BT 276.76 401.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 290.65 399.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.90 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.08 401.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 336.87 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.39 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 361.23 401.10 Td (do ) Tj ET Q q 0 0 0 rg BT 373.42 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 388.38 401.10 Td (have ) Tj ET Q q 0 0 0 rg BT 409.44 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.41 401.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 442.14 401.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 484.31 401.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.50 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.46 401.10 Td (develop ) 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 (proved ) Tj ET Q q 0 0 0 rg BT 79.52 389.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.33 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.02 389.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 139.03 389.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 154.61 389.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 194.69 389.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 238.86 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 252.77 389.10 Td (include ) Tj ET Q q 0 0 0 rg BT 284.45 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.48 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.95 389.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 338.41 389.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 357.05 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.63 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.32 389.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 414.33 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.92 389.10 Td (future ) Tj ET Q q 0 0 0 rg BT 451.04 389.10 Td (net ) Tj ET Q q 0 0 0 rg BT 465.51 389.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 505.80 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 523.04 389.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.18 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.84 377.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 110.16 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.06 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.31 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.32 377.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 151.33 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 180.55 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.34 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 204.23 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.48 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.50 377.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 244.27 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.72 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 274.61 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.86 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.88 377.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 318.00 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.01 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 348.68 377.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 384.01 377.10 Td (will ) Tj ET Q q 0 0 0 rg BT 401.58 377.10 Td (be ) Tj ET Q q 0 0 0 rg BT 413.04 377.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 455.60 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.39 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.62 377.10 Td (process ) Tj ET Q q 0 0 0 rg BT 511.63 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.97 377.10 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.09 365.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 95.12 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.94 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.64 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 154.67 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 170.26 365.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 210.34 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 228.15 365.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 244.29 365.10 Td (value ) Tj ET Q q 0 0 0 rg BT 268.20 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.80 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.39 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 307.21 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.91 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 353.93 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 369.53 365.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 411.77 365.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 450.13 365.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.06 365.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.10 365.10 Td (included ) Tj ET Q q 0 0 0 rg BT 510.79 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.83 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.31 365.10 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 68.17 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 78.78 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 92.72 353.10 Td (do ) Tj ET Q q 0 0 0 rg BT 105.00 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 120.06 353.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 160.11 353.10 Td (these ) Tj ET Q q 0 0 0 rg BT 182.94 353.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 221.31 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.93 353.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 258.08 353.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 307.03 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.97 353.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 367.13 353.10 Td (purposes.) Tj ET Q q 0 0 0 rg BT 410.00 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 427.83 353.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 446.22 353.10 Td (center ) Tj ET Q q 0 0 0 rg BT 472.92 353.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 502.42 353.10 Td (test ) Tj ET Q q 0 0 0 rg BT 518.58 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.54 353.10 Td (prepared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (quarterly) Tj ET Q q 0 0 0 rg BT 84.94 341.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.54 317.10 Td (average ) Tj ET Q q 0 0 0 rg BT 119.11 317.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 211.58 317.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 250.73 317.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.78 317.10 Td (price ) Tj ET Q q 0 0 0 rg BT 286.26 317.10 Td (used ) Tj ET Q q 0 0 0 rg BT 307.08 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.35 317.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 361.50 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.32 317.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 407.58 317.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 442.83 317.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 479.20 317.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 525.58 317.10 Td (2015 ) 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 (2016 ) Tj ET Q q 0 0 0 rg BT 72.18 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.30 305.10 Td (led ) Tj ET Q q 0 0 0 rg BT 104.20 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.66 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.67 305.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 180.56 305.10 Td (full ) Tj ET Q q 0 0 0 rg BT 197.13 305.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 215.92 305.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 236.38 305.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 266.27 305.10 Td (test ) Tj ET Q q 0 0 0 rg BT 282.84 305.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 335.51 305.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.75 305.10 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 398.93 305.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.82 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.50 305.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.62 305.10 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 467.81 305.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.92 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.60 305.10 Td (during ) Tj ET Q q 0 0 0 rg BT 525.39 305.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 548.07 305.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 74.50 293.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.16 293.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.16 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.48 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 138.12 293.10 Td (e ) Tj ET Q q 0 0 0 rg BT 145.06 293.10 Td (did ) Tj ET Q q 0 0 0 rg BT 160.33 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 175.61 293.10 Td (record ) Tj ET Q q 0 0 0 rg BT 203.65 293.10 Td (any ) Tj ET Q q 0 0 0 rg BT 220.59 293.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 250.30 293.10 Td (test ) Tj ET Q q 0 0 0 rg BT 266.69 293.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 315.29 293.10 Td (during ) Tj ET Q q 0 0 0 rg BT 343.89 293.10 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 91.97 269.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 113.45 269.10 Td (est ) Tj ET Q q 0 0 0 rg BT 127.90 269.10 Td (Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.48 269.10 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 238.50 269.10 Td (all ) Tj ET Q q 0 0 0 rg BT 251.29 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.42 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.54 269.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 291.90 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.13 269.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.69 269.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 355.82 269.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 404.16 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.39 269.10 Td (production ) Tj ET Q q 0 0 0 rg BT 467.52 269.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 506.41 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.42 269.10 Td (conducted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 77.67 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 97.51 257.10 Td (others.) Tj ET Q q 0 0 0 rg BT 129.27 257.10 Td (These ) Tj ET Q q 0 0 0 rg BT 155.20 257.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.24 257.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 236.51 257.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 264.10 257.10 Td (only ) Tj ET Q q 0 0 0 rg BT 283.94 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.32 257.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 355.25 257.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.75 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.58 257.10 Td (such ) Tj ET Q q 0 0 0 rg BT 416.97 257.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 457.63 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.12 257.10 Td (any ) Tj ET Q q 0 0 0 rg BT 490.62 257.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 526.57 257.10 Td (due ) Tj ET Q q 0 0 0 rg BT 543.06 257.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.55 245.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 107.25 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.96 245.10 Td (included ) Tj ET Q q 0 0 0 rg BT 158.89 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.17 245.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 191.66 245.10 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 221.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.25 221.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 104.64 221.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 144.93 221.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.77 221.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 193.28 221.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 224.12 221.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 267.73 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.90 221.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 324.96 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.70 221.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 376.09 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.05 221.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.89 221.10 Td (already ) Tj ET Q q 0 0 0 rg BT 445.28 221.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 484.45 221.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.62 221.10 Td (amounts ) 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 61.15 209.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 75.02 209.10 Td (over ) Tj ET Q q 0 0 0 rg BT 96.11 209.10 Td (many ) Tj ET Q q 0 0 0 rg BT 121.64 209.10 Td (years; ) Tj ET Q q 0 0 0 rg BT 148.83 209.10 Td (however) Tj ET Q q 0 0 0 rg BT 182.86 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 188.68 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.77 209.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 248.05 209.10 Td (with ) Tj ET Q q 0 0 0 rg BT 269.15 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.68 209.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 306.34 209.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 329.09 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.85 209.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 394.60 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 409.58 209.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 451.21 209.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 482.29 209.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 520.87 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 535.85 209.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 92.54 197.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 124.49 197.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 161.43 197.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 206.71 197.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.67 197.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 270.60 197.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 309.76 197.10 Td (techniques, ) Tj ET Q q 0 0 0 rg BT 359.20 197.10 Td (such ) Tj ET Q q 0 0 0 rg BT 381.71 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.22 197.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 408.11 195.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.36 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.54 197.10 Td (injection, ) Tj ET Q q 0 0 0 rg BT 457.21 197.10 Td (until ) Tj ET Q q 0 0 0 rg BT 479.73 197.10 Td (we ) Tj ET Q q 0 0 0 rg BT 495.57 197.10 Td (can ) Tj ET Q q 0 0 0 rg BT 513.63 197.10 Td (demonstrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 185.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 132.82 185.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.76 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.48 185.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 200.85 185.10 Td (process ) Tj ET Q q 0 0 0 rg BT 233.34 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.17 185.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 271.67 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.38 185.10 Td (field ) Tj ET Q q 0 0 0 rg BT 307.21 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.38 185.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 359.43 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.71 185.10 Td (an ) Tj ET Q q 0 0 0 rg BT 381.64 185.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 415.81 185.10 Td (flood.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 161.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.17 161.10 Td (capitalize, ) Tj ET Q q 0 0 0 rg BT 126.56 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.48 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.51 161.10 Td (development ) Tj ET Q q 0 0 0 rg BT 198.75 161.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 219.95 161.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 257.53 161.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.12 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.49 161.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 315.30 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.88 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.05 161.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.96 161.10 Td (development ) Tj ET Q q 0 0 0 rg BT 433.21 161.10 Td (stage, ) Tj ET Q q 0 0 0 rg BT 458.84 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.87 161.10 Td (means ) Tj ET Q q 0 0 0 rg BT 514.01 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 528.26 161.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.73 161.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.29 149.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 84.63 149.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 134.41 149.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.54 149.10 Td (production ) Tj ET Q q 0 0 0 rg BT 193.44 149.10 Td (due ) Tj ET Q q 0 0 0 rg BT 210.45 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.80 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.60 149.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 249.49 147.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.74 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.31 149.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 296.77 149.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 317.39 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.40 149.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.30 149.10 Td (response\).) Tj ET Q q 0 0 0 rg BT 415.94 149.10 Td (These ) Tj ET Q q 0 0 0 rg BT 442.39 149.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 488.27 149.10 Td (development ) Tj ET Q q 0 0 0 rg BT 542.50 149.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.22 137.10 Td (included ) Tj ET Q q 0 0 0 rg BT 99.17 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.47 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.31 137.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 173.14 137.10 Td (property ) Tj ET Q q 0 0 0 rg BT 208.53 137.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.05 137.10 Td (if ) Tj ET Q q 0 0 0 rg BT 237.67 137.10 Td (there ) Tj ET Q q 0 0 0 rg BT 259.18 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.90 137.10 Td (not ) Tj ET Q q 0 0 0 rg BT 287.19 137.10 Td (already ) Tj ET Q q 0 0 0 rg BT 318.13 137.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 347.42 137.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 377.81 137.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 412.08 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.38 137.10 Td (that ) Tj ET Q q 0 0 0 rg BT 437.89 137.10 Td (field.) Tj ET Q q 0 0 0 rg BT 463.16 137.10 Td (After ) Tj ET Q q 0 0 0 rg BT 485.77 137.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.95 137.10 Td (see ) Tj ET Q q 0 0 0 rg BT 513.24 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.19 137.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (response ) Tj ET Q q 0 0 0 rg BT 86.99 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.26 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.98 125.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.87 123.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.12 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.61 125.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 172.99 125.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 193.53 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.25 125.10 Td (production ) Tj ET Q q 0 0 0 rg BT 254.07 125.10 Td (stage\), ) Tj ET Q q 0 0 0 rg BT 282.94 125.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 320.43 125.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 342.93 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 357.63 125.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 397.33 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 408.16 125.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 446.47 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.41 125.10 Td (once ) Tj ET Q q 0 0 0 rg BT 484.78 125.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 515.05 125.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 550.30 125.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 98.36 113.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 143.08 113.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 178.88 113.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 229.70 113.10 Td (development ) Tj ET Q q 0 0 0 rg BT 283.85 113.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 306.35 113.10 Td (become ) Tj ET Q q 0 0 0 rg BT 339.94 113.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 370.76 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.04 113.10 Td (depletion.) Tj ET Q endstream endobj 143 0 obj <> endobj 144 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 (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 64.50 711.82 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.75 713.25 Td ( Pr) Tj ET Q q 0 0 0 rg BT 80.62 713.25 Td (operties) 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 83.21 689.25 Td (own ) Tj ET Q q 0 0 0 rg BT 103.06 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.12 689.25 Td (produce ) Tj ET Q q 0 0 0 rg BT 154.96 689.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.85 687.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.10 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.73 689.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 212.62 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 219.69 689.25 Td (non-hydrocarbon ) Tj ET Q q 0 0 0 rg BT 291.18 689.25 Td (resource, ) Tj ET Q q 0 0 0 rg BT 330.18 689.25 Td (that ) Tj ET Q q 0 0 0 rg BT 347.81 689.25 Td (are ) Tj ET Q q 0 0 0 rg BT 362.64 689.25 Td (used ) Tj ET Q q 0 0 0 rg BT 383.60 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 394.01 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.97 689.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 441.47 689.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 454.66 689.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 492.26 689.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 536.55 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 689.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (own ) Tj ET Q q 0 0 0 rg BT 68.32 677.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 94.90 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.94 677.25 Td (on ) Tj ET Q q 0 0 0 rg BT 122.53 677.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 149.11 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.04 677.25 Td (other ) Tj ET Q q 0 0 0 rg BT 181.18 677.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.21 677.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 242.69 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.07 677.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 291.42 677.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 327.99 677.25 Td (fields, ) Tj ET Q q 0 0 0 rg BT 354.30 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 373.68 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.71 677.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 410.20 677.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 428.46 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.84 677.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 482.20 677.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 521.57 677.25 Td (users.) Tj ET Q q 0 0 0 rg BT 549.44 677.25 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 677.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (record ) Tj ET Q q 0 0 0 rg BT 77.27 665.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 111.15 665.25 Td (from ) Tj ET Q q 0 0 0 rg BT 132.82 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.39 665.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 170.06 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.62 665.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 194.51 663.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.76 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.00 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.01 665.25 Td (third ) Tj ET Q q 0 0 0 rg BT 231.13 665.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 260.02 665.25 Td (when ) Tj ET Q q 0 0 0 rg BT 283.91 665.25 Td (it ) Tj ET Q q 0 0 0 rg BT 291.70 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 300.61 665.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 340.05 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.72 665.25 Td (sold.Expenses ) Tj ET Q q 0 0 0 rg BT 420.89 665.25 Td (related ) Tj ET Q q 0 0 0 rg BT 450.33 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.34 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.79 665.25 Td (production ) Tj ET Q q 0 0 0 rg BT 520.35 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.92 665.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 544.81 663.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.06 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 550.29 665.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 90.15 653.25 Td (between ) Tj ET Q q 0 0 0 rg BT 128.03 653.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 166.48 653.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 187.72 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.06 653.25 Td (third ) Tj ET Q q 0 0 0 rg BT 223.51 653.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 254.73 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.74 653.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 312.19 653.25 Td (consumed ) Tj ET Q q 0 0 0 rg BT 357.30 653.25 Td (internally ) Tj ET Q q 0 0 0 rg BT 400.18 653.25 Td (that ) Tj ET Q q 0 0 0 rg BT 419.74 653.25 Td (are ) Tj ET Q q 0 0 0 rg BT 436.51 653.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 471.62 653.25 Td (related ) Tj ET Q q 0 0 0 rg BT 503.39 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.73 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 533.62 653.25 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (production.) Tj ET Q q 0 0 0 rg BT 100.14 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 118.25 641.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 156.92 641.25 Td (related ) Tj ET Q q 0 0 0 rg BT 186.68 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.02 641.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 242.35 641.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 264.35 641.25 Td (are ) Tj ET Q q 0 0 0 rg BT 279.12 641.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 316.66 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.00 641.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 345.33 639.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.25 641.25 Td (discovery ) Tj ET Q q 0 0 0 rg BT 391.69 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.69 641.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.02 641.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 494.62 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.62 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.40 641.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.95 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.97 629.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 121.76 629.25 Td (use ) Tj ET Q q 0 0 0 rg BT 137.34 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 151.79 629.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 189.01 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.04 629.25 Td (Lease ) Tj ET Q q 0 0 0 rg BT 229.04 629.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.05 629.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 311.83 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.85 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.32 629.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 391.34 629.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 437.46 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.04 629.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 494.16 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 504.74 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 519.19 629.25 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.22 617.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.16 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 617.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 120.13 617.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 135.85 617.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 178.22 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.38 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.09 617.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 259.25 617.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 293.84 617.25 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 324.83 617.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 368.88 617.25 Td (on ) Tj ET Q q 0 0 0 rg BT 381.26 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.86 617.25 Td (stage ) Tj ET Q q 0 0 0 rg BT 418.79 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.51 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.11 617.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 475.37 617.25 Td (flood ) Tj ET Q q 0 0 0 rg BT 498.86 617.25 Td (that ) Tj ET Q q 0 0 0 rg BT 516.24 617.25 Td (is ) Tj ET Q q 0 0 0 rg BT 525.30 617.25 Td (receiving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 605.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.11 603.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.36 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.86 605.25 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 102.46 605.25 Td (T) Tj ET Q q 0 0 0 rg BT 107.10 605.25 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 136.82 605.25 Td (Injection ) Tj ET Q q 0 0 0 rg BT 174.86 605.25 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.09 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.59 605.25 Td (above ) Tj ET Q q 0 0 0 rg BT 225.97 605.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.13 605.25 Td (further ) Tj ET Q q 0 0 0 rg BT 269.83 605.25 Td (discussion\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 92.11 581.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 127.80 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.95 581.25 Td (search ) Tj ET Q q 0 0 0 rg BT 165.86 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 179.90 581.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 193.79 579.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.04 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.42 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.00 581.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 253.58 581.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.29 581.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 299.98 581.25 Td (until ) Tj ET Q q 0 0 0 rg BT 320.69 581.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 350.83 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 361.54 581.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 398.90 581.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 434.03 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 448.62 581.25 Td (established.Once ) Tj ET Q q 0 0 0 rg BT 524.02 581.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 554.17 581.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 86.75 569.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 121.78 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 136.25 569.25 Td (established, ) Tj ET Q q 0 0 0 rg BT 185.45 569.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.71 569.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 243.29 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.34 569.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 280.60 569.25 Td (those ) Tj ET Q q 0 0 0 rg BT 303.97 569.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 339.00 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 353.47 569.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 399.04 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.75 569.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 455.77 569.25 Td (as ) Tj ET Q q 0 0 0 rg BT 466.37 569.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 484.70 567.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.95 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.22 569.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 536.90 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 569.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.79 557.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 139.50 557.25 Td (Sheets.Capitalized ) Tj ET Q q 0 0 0 rg BT 221.16 557.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.05 555.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.30 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.82 557.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.33 557.25 Td (are ) Tj ET Q q 0 0 0 rg BT 278.05 557.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 324.43 557.25 Td (by ) Tj ET Q q 0 0 0 rg BT 336.94 557.25 Td (geologic ) Tj ET Q q 0 0 0 rg BT 373.89 557.25 Td (formation ) Tj ET Q q 0 0 0 rg BT 415.84 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.79 557.25 Td (depleted ) Tj ET Q q 0 0 0 rg BT 469.17 557.25 Td (on ) Tj ET Q q 0 0 0 rg BT 481.69 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.64 557.25 Td (unit-of-production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.00 545.25 Td (over ) Tj ET Q q 0 0 0 rg BT 92.27 545.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 122.54 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.48 545.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 176.96 545.25 Td (reserves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (Pipelines and Plants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.39 495.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.96 497.25 Td (used ) Tj ET Q q 0 0 0 rg BT 107.60 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.70 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.35 497.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 164.54 497.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 191.85 497.25 Td (is ) Tj ET Q q 0 0 0 rg BT 200.84 497.25 Td (transported ) Tj ET Q q 0 0 0 rg BT 248.14 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.24 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.88 497.25 Td (fields ) Tj ET Q q 0 0 0 rg BT 298.42 497.25 Td (through ) Tj ET Q q 0 0 0 rg BT 331.84 497.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 345.73 495.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.98 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.30 497.25 Td (pipelines.Costs ) Tj ET Q q 0 0 0 rg BT 419.45 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.10 497.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 443.99 495.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.24 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.56 497.25 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 487.98 497.25 Td (under ) Tj ET Q q 0 0 0 rg BT 513.06 497.25 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.57 485.25 Td (not ) Tj ET Q q 0 0 0 rg BT 78.21 485.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 126.15 485.25 Td (until ) Tj ET Q q 0 0 0 rg BT 146.34 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.42 485.25 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 198.38 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.45 485.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 240.40 485.25 Td (into ) Tj ET Q q 0 0 0 rg BT 257.82 485.25 Td (service.Pipelines ) Tj ET Q q 0 0 0 rg BT 332.16 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 346.23 485.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 394.17 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 406.03 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 412.33 485.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 462.51 485.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 484.37 485.25 Td (over ) Tj ET Q q 0 0 0 rg BT 504.00 485.25 Td (their ) Tj ET Q q 0 0 0 rg BT 524.18 485.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 75.92 473.25 Td (lives, ) Tj ET Q q 0 0 0 rg BT 99.28 473.25 Td (which ) Tj ET Q q 0 0 0 rg BT 125.70 473.25 Td (range ) Tj ET Q q 0 0 0 rg BT 149.88 473.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.30 473.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.30 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.27 473.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.03 473.25 Td (50 ) Tj ET Q q 0 0 0 rg BT 205.01 473.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.11 473.25 Td (. ) Tj ET Q q 0 0 0 rg BT 230.58 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.56 473.25 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 280.08 473.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 302.05 473.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.46 473.25 Td ($101.1 ) Tj ET Q q 0 0 0 rg BT 362.94 473.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.83 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.81 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.12 473.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 418.01 471.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.26 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 423.24 473.25 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 461.32 473.25 Td (as ) Tj ET Q q 0 0 0 rg BT 471.63 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.93 473.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.00 473.25 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.49 461.25 Td (were ) Tj ET Q q 0 0 0 rg BT 87.91 461.25 Td (either ) Tj ET Q q 0 0 0 rg BT 112.67 461.25 Td (under ) Tj ET Q q 0 0 0 rg BT 137.43 461.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 188.86 461.25 Td (or ) Tj ET Q q 0 0 0 rg BT 199.18 461.25 Td (had ) Tj ET Q q 0 0 0 rg BT 215.61 461.25 Td (not ) Tj ET Q q 0 0 0 rg BT 230.39 461.25 Td (been ) Tj ET Q q 0 0 0 rg BT 251.26 461.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 279.34 461.25 Td (into ) Tj ET Q q 0 0 0 rg BT 296.89 461.25 Td (service ) Tj ET Q q 0 0 0 rg BT 327.20 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.64 461.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 384.21 461.25 Td (were ) Tj ET Q q 0 0 0 rg BT 405.64 461.25 Td (not ) Tj ET Q q 0 0 0 rg BT 420.41 461.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 450.73 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.50 461.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 511.91 461.25 Td (during ) Tj ET Q q 0 0 0 rg BT 540.01 461.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.25 Td (Pipelines ) Tj ET Q q 0 0 0 rg BT 107.26 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.80 437.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 151.78 437.25 Td (also ) Tj ET Q q 0 0 0 rg BT 170.99 437.25 Td (include ) Tj ET Q q 0 0 0 rg BT 203.52 437.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 249.93 437.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 273.02 437.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 317.22 437.25 Td (with ) Tj ET Q q 0 0 0 rg BT 338.09 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.41 437.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 378.17 437.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 405.16 437.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 421.58 437.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 467.45 437.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 498.87 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.75 437.25 Td (southwestern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.34 425.25 Td (yoming. ) Tj ET Q q 0 0 0 rg BT 94.33 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.27 425.25 Td (During ) Tj ET Q q 0 0 0 rg BT 128.54 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.70 425.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 171.07 425.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 202.33 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.59 425.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 239.03 425.25 Td (we ) Tj ET Q q 0 0 0 rg BT 253.63 425.25 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 298.22 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.38 425.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 354.63 425.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 382.01 425.25 Td (life ) Tj ET Q q 0 0 0 rg BT 398.28 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.54 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.70 425.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 440.97 425.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 486.67 425.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 517.93 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.31 425.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 76.87 413.25 Td (due ) Tj ET Q q 0 0 0 rg BT 92.84 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.16 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.92 413.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 153.55 413.25 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 182.86 413.25 Td (status ) Tj ET Q q 0 0 0 rg BT 207.18 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.05 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.80 413.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 254.01 413.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 279.43 413.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 294.30 413.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 338.61 413.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 368.46 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.44 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 399.31 413.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 433.06 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.93 413.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 460.58 413.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 499.33 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.31 413.25 Td (engineering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (options ) Tj ET Q q 0 0 0 rg BT 81.21 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.26 401.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 123.51 401.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 152.97 401.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 186.90 401.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 215.56 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.26 401.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 269.50 401.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 316.72 401.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 368.41 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.45 401.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 399.60 401.25 Td (depreciate ) Tj ET Q q 0 0 0 rg BT 442.94 401.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 488.51 401.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 510.78 401.25 Td (related ) Tj ET Q q 0 0 0 rg BT 540.25 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 401.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.32 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.26 389.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 139.75 389.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 165.58 389.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 202.52 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.80 389.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 243.07 389.25 Td (production ) Tj ET Q q 0 0 0 rg BT 288.89 389.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 314.17 389.25 Td (at ) Tj ET Q q 0 0 0 rg BT 323.89 389.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 348.05 389.25 Td (Ridge. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 365.25 Td (operty and Equipment Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 94.41 341.25 Td (property ) Tj ET Q q 0 0 0 rg BT 132.42 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.00 341.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 199.85 341.25 Td (which ) Tj ET Q q 0 0 0 rg BT 228.42 341.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 265.89 341.25 Td (furniture ) Tj ET Q q 0 0 0 rg BT 305.01 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.58 341.25 Td (fixtures, ) Tj ET Q q 0 0 0 rg BT 360.77 341.25 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 400.17 341.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 442.07 341.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 488.42 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.00 341.25 Td (software, ) Tj ET Q q 0 0 0 rg BT 548.06 341.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 95.03 329.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 123.63 329.25 Td (is ) Tj ET Q q 0 0 0 rg BT 132.53 329.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 180.83 329.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 226.38 329.25 Td (on ) Tj ET Q q 0 0 0 rg BT 238.61 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 245.27 329.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 295.82 329.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 318.04 329.25 Td (over ) Tj ET Q q 0 0 0 rg BT 338.04 329.25 Td (each ) Tj ET Q q 0 0 0 rg BT 358.58 329.25 Td (asset) Tj ET Q q 0 0 0 rg BT 380.79 329.25 Td (s ) Tj ET Q q 0 0 0 rg BT 386.91 329.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 427.46 329.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 454.12 329.25 Td (life.) Tj ET Q q 0 0 0 rg BT 474.76 329.25 Td (V) Tj ET Q q 0 0 0 rg BT 480.88 329.25 Td (ehicles ) Tj ET Q q 0 0 0 rg BT 510.87 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.53 329.25 Td (furniture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.56 317.25 Td (fixtures ) Tj ET Q q 0 0 0 rg BT 99.72 317.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.55 317.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 154.37 317.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 203.07 317.25 Td (over ) Tj ET Q q 0 0 0 rg BT 223.46 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.52 317.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 257.58 317.25 Td (life ) Tj ET Q q 0 0 0 rg BT 273.52 317.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.47 317.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.02 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.64 317.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.04 317.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 327.87 317.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.97 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 354.09 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.15 317.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 411.53 317.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 456.36 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.42 317.25 Td (software ) Tj ET Q q 0 0 0 rg BT 510.47 317.25 Td (are ) Tj ET Q q 0 0 0 rg BT 525.30 317.25 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 97.43 305.25 Td (over ) Tj ET Q q 0 0 0 rg BT 117.05 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 123.34 305.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 149.63 305.25 Td (life ) Tj ET Q q 0 0 0 rg BT 164.80 305.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.98 305.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.97 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.82 305.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.45 305.25 Td (five ) Tj ET Q q 0 0 0 rg BT 223.85 305.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.94 305.25 Td (.Leasehold ) Tj ET Q q 0 0 0 rg BT 295.39 305.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 354.45 305.25 Td (are ) Tj ET Q q 0 0 0 rg BT 368.51 305.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 410.34 305.25 Td (over ) Tj ET Q q 0 0 0 rg BT 429.96 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.03 305.25 Td (shorter ) Tj ET Q q 0 0 0 rg BT 473.65 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.83 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.89 305.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 538.06 305.25 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (life ) Tj ET Q q 0 0 0 rg BT 65.33 293.25 Td (or ) Tj ET Q q 0 0 0 rg BT 76.16 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.87 293.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 133.91 293.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 156.40 293.25 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.25 Td (Leased ) Tj ET Q q 0 0 0 rg BT 98.93 269.25 Td (property ) Tj ET Q q 0 0 0 rg BT 135.92 269.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 171.25 269.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 201.56 269.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 231.33 269.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 254.43 269.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 285.85 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.64 269.25 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 344.56 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.11 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.44 269.25 Td (present ) Tj ET Q q 0 0 0 rg BT 409.43 269.25 Td (value ) Tj ET Q q 0 0 0 rg BT 434.20 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.65 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.98 269.25 Td (related ) Tj ET Q q 0 0 0 rg BT 491.29 269.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 514.39 269.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 555.83 269.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.58 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 97.02 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.57 257.25 Td (liability) Tj ET Q q 0 0 0 rg BT 134.03 257.25 Td (.) Tj ET Q q 0 0 0 rg BT 140.98 257.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 196.41 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.85 257.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 252.26 257.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 279.36 257.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 304.80 257.25 Td (is ) Tj ET Q q 0 0 0 rg BT 313.58 257.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 355.12 257.25 Td (using ) Tj ET Q q 0 0 0 rg BT 378.90 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.23 257.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 443.66 257.25 Td (method ) Tj ET Q q 0 0 0 rg BT 475.76 257.25 Td (over ) Tj ET Q q 0 0 0 rg BT 495.64 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.96 257.25 Td (shorter ) Tj ET Q q 0 0 0 rg BT 539.84 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 257.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.32 245.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 117.26 245.25 Td (life ) Tj ET Q q 0 0 0 rg BT 133.08 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 143.91 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.63 245.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 181.12 245.25 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 221.25 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 120.97 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.24 221.25 Td (repair ) Tj ET Q q 0 0 0 rg BT 162.38 221.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 184.21 221.25 Td (that ) Tj ET Q q 0 0 0 rg BT 201.04 221.25 Td (do ) Tj ET Q q 0 0 0 rg BT 212.87 221.25 Td (not ) Tj ET Q q 0 0 0 rg BT 227.48 221.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 255.96 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.01 221.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 296.28 221.25 Td (life ) Tj ET Q q 0 0 0 rg BT 311.43 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.59 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.64 221.25 Td (property ) Tj ET Q q 0 0 0 rg BT 371.35 221.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.51 221.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 425.55 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 439.59 221.25 Td (char) Tj ET Q q 0 0 0 rg BT 456.61 221.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 472.88 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.49 221.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 516.53 221.25 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 221.25 Td (incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 90.90 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.52 197.25 Td (Other) Tj ET Q q 0 0 0 rg BT 134.89 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.39 197.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 183.24 197.25 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 108.73 173.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 154.39 173.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 192.82 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.27 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.04 173.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 279.27 173.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 314.92 173.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 344.47 173.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 394.01 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 173.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 439.22 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.00 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.66 173.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 505.65 173.25 Td (price ) Tj ET Q q 0 0 0 rg BT 529.08 173.25 Td (over ) Tj ET Q q 0 0 0 rg BT 550.30 173.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.34 161.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.74 161.25 Td (value ) Tj ET Q q 0 0 0 rg BT 130.92 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.78 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.52 161.25 Td (net ) Tj ET Q q 0 0 0 rg BT 171.26 161.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 197.11 161.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 234.06 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.36 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.10 161.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 305.50 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.36 161.25 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 363.60 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 366.13 161.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 406.43 161.25 Td (was ) Tj ET Q q 0 0 0 rg BT 424.50 161.25 Td (not ) Tj ET Q q 0 0 0 rg BT 439.81 161.25 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 485.09 161.25 Td (rather) Tj ET Q q 0 0 0 rg BT 508.00 161.25 Td (, ) Tj ET Q q 0 0 0 rg BT 513.03 161.25 Td (it ) Tj ET Q q 0 0 0 rg BT 521.11 161.25 Td (was ) Tj ET Q q 0 0 0 rg BT 539.18 161.25 Td (tested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.96 149.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 112.85 149.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 150.09 149.25 Td (during ) Tj ET Q q 0 0 0 rg BT 178.99 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.01 149.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 221.24 149.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 252.36 149.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.48 149.25 Td (when ) Tj ET Q q 0 0 0 rg BT 287.94 149.25 Td (events ) Tj ET Q q 0 0 0 rg BT 316.29 149.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.42 149.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 362.42 149.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.00 149.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 432.43 149.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 471.88 149.25 Td (that ) Tj ET Q q 0 0 0 rg BT 489.68 149.25 Td (it ) Tj ET Q q 0 0 0 rg BT 498.03 149.25 Td (was ) Tj ET Q q 0 0 0 rg BT 516.38 149.25 Td (more ) Tj ET Q q 0 0 0 rg BT 539.72 149.25 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (than ) Tj ET Q q 0 0 0 rg BT 68.39 137.25 Td (not ) Tj ET Q q 0 0 0 rg BT 82.84 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.73 137.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 112.28 137.25 Td (value ) Tj ET Q q 0 0 0 rg BT 135.61 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.61 137.25 Td (a ) Tj ET Q q 0 0 0 rg BT 151.72 137.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 190.05 137.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 207.28 137.25 Td (with ) Tj ET Q q 0 0 0 rg BT 226.73 137.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 263.96 137.25 Td (was ) Tj ET Q q 0 0 0 rg BT 281.18 137.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 314.50 137.25 Td (below ) Tj ET Q q 0 0 0 rg BT 340.61 137.25 Td (its ) Tj ET Q q 0 0 0 rg BT 351.73 137.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 386.72 137.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 412.54 137.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.22 137.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 449.20 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.09 137.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 478.64 137.25 Td (value ) Tj ET Q q 0 0 0 rg BT 501.97 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.86 137.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 67.95 125.25 Td (\(enterprise ) Tj ET Q q 0 0 0 rg BT 113.59 125.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 141.47 125.25 Td (did ) Tj ET Q q 0 0 0 rg BT 157.14 125.25 Td (not ) Tj ET Q q 0 0 0 rg BT 172.81 125.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 203.45 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.56 125.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 235.33 125.25 Td (value ) Tj ET Q q 0 0 0 rg BT 259.87 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.09 125.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 297.31 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.64 125.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 357.25 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 371.80 125.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.67 125.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.00 125.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 455.44 125.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 504.43 125.25 Td (char) Tj ET Q q 0 0 0 rg BT 521.46 125.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 533.79 125.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 125.25 Td ($1.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.61 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.11 113.25 Td (during ) Tj ET Q q 0 0 0 rg BT 106.72 113.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 129.22 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.50 113.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 160.89 113.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 189.49 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.21 113.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 240.02 113.25 Td (value ) Tj ET Q q 0 0 0 rg BT 264.18 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.01 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 290.84 113.25 Td (goodwill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 89.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.16 89.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 127.25 89.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.68 89.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.11 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.99 89.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 245.63 89.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 284.95 89.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 314.83 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.26 89.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 361.25 89.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 397.80 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.68 89.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 445.32 89.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 491.29 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.18 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 507.72 89.25 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 87.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.86 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.96 89.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 83.35 77.25 Td (with ) Tj ET Q q 0 0 0 rg BT 102.78 77.25 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 166.10 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.53 77.25 Td (of) Tj ET Q q 0 0 0 rg BT 183.68 77.25 Td (ftake ) Tj ET Q q 0 0 0 rg BT 205.32 77.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.21 75.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.46 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.11 77.25 Td (from ) Tj ET Q q 0 0 0 rg BT 245.19 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.06 77.25 Td (Lost ) Tj ET Q q 0 0 0 rg BT 278.49 77.25 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 304.02 77.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.00 77.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 340.65 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 349.96 77.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.79 77.25 Td (yoming ) Tj ET Q q 0 0 0 rg BT 391.00 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.09 77.25 Td (is ) Tj ET Q q 0 0 0 rg BT 415.41 77.25 Td (included ) Tj ET Q q 0 0 0 rg BT 451.49 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.92 77.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.90 77.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 530.32 77.25 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 78.17 65.25 Td (under ) Tj ET Q q 0 0 0 rg BT 103.50 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.27 65.25 Td (caption ) Tj ET Q q 0 0 0 rg BT 150.27 65.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 180.03 65.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 212.86 65.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.24 65.25 Td (W) Tj ET Q q 0 0 0 rg BT 223.88 65.25 Td (e ) Tj ET Q q 0 0 0 rg BT 230.87 65.25 Td (amortize ) Tj ET Q q 0 0 0 rg BT 268.42 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.19 65.25 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 63.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.33 65.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.89 65.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 337.66 65.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 380.21 65.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 402.20 65.25 Td (on ) Tj ET Q q 0 0 0 rg BT 414.76 65.25 Td (a ) Tj ET Q q 0 0 0 rg BT 421.76 65.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 472.64 65.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 495.20 65.25 Td (over ) Tj ET Q q 0 0 0 rg BT 515.53 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.31 65.25 Td (contract ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 72.36 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.25 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.66 713.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 96.70 713.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 149.27 713.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 183.52 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 197.21 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.58 713.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 254.61 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 279.98 713.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.57 713.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 317.10 713.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.99 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.03 713.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.51 713.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 384.05 713.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.94 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.98 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 443.12 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.38 713.10 Td (years ) Tj ET Q q 0 0 0 rg BT 480.51 713.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.43 713.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 701.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 701.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.94 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.26 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.30 701.10 Td (following ) Tj ET Q q 0 0 0 rg BT 175.69 701.10 Td (table ) Tj ET Q q 0 0 0 rg BT 197.63 701.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 247.89 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.61 701.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 298.42 701.10 Td (value ) Tj ET Q q 0 0 0 rg BT 322.58 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.41 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.24 701.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 391.73 701.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.56 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.39 701.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.22 701.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 497.80 701.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.80 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.30 701.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.24 701.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.24 701.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 660.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 630.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 630.60 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 429 675.6 m 494 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 675.6 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 50 660.6 m 425 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 675.6 m 494 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 660.6 m 494 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 675.6 m 498 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 675.6 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 498 660.6 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 429 630.6 m 494 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 630.6 m 563 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 630.6 m 494 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 616.6 m 494 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 614.6 m 494 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 630.6 m 563 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 616.6 m 563 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 614.6 m 563 614.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 680.27 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 665.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 665.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 665.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 650.27 Td (Intangible asset value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 650.27 Td (37,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 650.27 Td (37,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 635.27 Td (Accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 635.32 Td (\(10,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 635.32 Td (\(8,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 635.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 620.27 Td (Net book value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 620.27 Td (27,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 620.27 Td (29,633) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 592.10 Td (As ) Tj ET Q q 0 0 0 rg BT 80.99 592.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.70 592.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.16 592.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.16 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.04 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.75 592.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 231.45 592.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 284.36 592.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 318.95 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.98 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 348.69 592.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 391.06 592.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 416.77 592.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 447.47 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.63 592.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 510.54 592.10 Td (over ) Tj ET Q q 0 0 0 rg BT 530.69 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.28 592.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (five ) Tj ET Q q 0 0 0 rg BT 67.55 580.10 Td (years ) Tj ET Q q 0 0 0 rg BT 91.15 580.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.32 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.15 580.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 554.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 554.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 524.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 524.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 524.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 494.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 494.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 494.60 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 50 554.6 m 493 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 554.6 m 562 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 554.6 m 493 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 554.6 m 562 554.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 559.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 559.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 544.27 Td (2,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 529.27 Td (2,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 514.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 514.27 Td (2,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 499.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 499.27 Td (2,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 484.27 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 484.27 Td (2,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.50 480.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 103.11 456.10 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 154.50 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.33 456.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 217.28 456.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 432.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.45 432.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 116.73 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.46 432.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.19 432.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 188.90 432.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 202.79 430.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.04 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.44 432.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.84 432.10 Td (related ) Tj ET Q q 0 0 0 rg BT 260.44 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.62 432.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 284.51 430.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.76 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.16 432.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 325.32 432.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.16 432.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 356.05 430.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.70 432.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 400.20 432.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.60 432.10 Td (we ) Tj ET Q q 0 0 0 rg BT 431.66 432.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 467.38 432.10 Td (will ) Tj ET Q q 0 0 0 rg BT 485.33 432.10 Td (be ) Tj ET Q q 0 0 0 rg BT 497.17 432.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 540.12 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 432.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (process ) Tj ET Q q 0 0 0 rg BT 82.19 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.22 420.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 136.46 420.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.49 420.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 182.95 420.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.21 420.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.35 420.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 243.81 420.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 259.83 420.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 295.29 420.10 Td (is ) Tj ET Q q 0 0 0 rg BT 304.66 420.10 Td (included ) Tj ET Q q 0 0 0 rg BT 341.79 420.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.27 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.18 420.10 Td (full ) Tj ET Q q 0 0 0 rg BT 383.77 420.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 402.57 420.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 423.05 420.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 452.96 420.10 Td (test ) Tj ET Q q 0 0 0 rg BT 469.54 420.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.57 420.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.71 420.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 528.17 420.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.64 420.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.10 Td (net ) Tj ET Q q 0 0 0 rg BT 64.82 408.10 Td (revenues.) Tj ET Q q 0 0 0 rg BT 107.67 408.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.32 408.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.96 408.10 Td (net ) Tj ET Q q 0 0 0 rg BT 185.28 408.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 231.69 408.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 254.79 408.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.88 408.10 Td (are ) Tj ET Q q 0 0 0 rg BT 288.19 408.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.07 408.10 Td (included ) Tj ET Q q 0 0 0 rg BT 341.60 408.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.48 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.80 408.10 Td (full ) Tj ET Q q 0 0 0 rg BT 384.79 408.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 404.00 408.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 424.88 408.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 455.19 408.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 474.68 408.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.21 408.10 Td (related ) Tj ET Q q 0 0 0 rg BT 522.52 408.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.92 396.10 Td (are ) Tj ET Q q 0 0 0 rg BT 92.72 396.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 123.63 396.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.00 396.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 177.69 396.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 199.72 396.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 248.41 396.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 277.66 396.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 319.12 396.10 Td (events ) Tj ET Q q 0 0 0 rg BT 347.25 396.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.17 396.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 392.97 396.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.34 396.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 462.57 396.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 496.81 396.10 Td (that ) Tj ET Q q 0 0 0 rg BT 514.39 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 396.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 384.10 Td (may ) Tj ET Q q 0 0 0 rg BT 93.37 384.10 Td (not ) Tj ET Q q 0 0 0 rg BT 108.65 384.10 Td (be ) Tj ET Q q 0 0 0 rg BT 120.59 384.10 Td (recoverable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 360.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 360.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.52 360.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 118.67 360.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 360.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 178.99 360.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 201.38 360.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 250.42 360.10 Td (test ) Tj ET Q q 0 0 0 rg BT 267.25 360.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.20 360.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 325.90 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.06 360.10 Td (net ) Tj ET Q q 0 0 0 rg BT 356.23 360.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.49 360.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 415.43 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 360.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.98 360.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 487.03 360.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 509.41 360.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 539.58 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 360.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.41 348.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.32 348.10 Td (future ) Tj ET Q q 0 0 0 rg BT 156.57 348.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 212.27 348.10 Td (net ) Tj ET Q q 0 0 0 rg BT 226.86 348.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.00 348.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.60 348.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.97 348.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.56 348.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 345.37 348.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.74 348.10 Td (these ) Tj ET Q q 0 0 0 rg BT 380.67 348.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 424.15 348.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.85 348.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.67 348.10 Td (include ) Tj ET Q q 0 0 0 rg BT 508.47 348.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 348.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 336.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.71 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.59 336.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 154.81 336.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.82 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 336.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.91 336.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 230.68 336.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 268.39 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.83 336.10 Td (If ) Tj ET Q q 0 0 0 rg BT 279.94 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 336.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 350.37 336.10 Td (net ) Tj ET Q q 0 0 0 rg BT 365.03 336.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.25 336.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 409.91 336.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.57 336.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.45 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 336.10 Td (net ) Tj ET Q q 0 0 0 rg BT 480.77 336.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 516.54 336.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.98 336.10 Td (for ) Tj ET Q q 0 0 0 rg BT 553.09 336.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.77 324.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 100.44 324.10 Td (we ) Tj ET Q q 0 0 0 rg BT 114.93 324.10 Td (must ) Tj ET Q q 0 0 0 rg BT 137.21 324.10 Td (record ) Tj ET Q q 0 0 0 rg BT 165.59 324.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.86 324.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.79 324.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.19 324.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.02 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.07 324.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 308.40 324.10 Td (if ) Tj ET Q q 0 0 0 rg BT 317.35 324.10 Td (any) Tj ET Q q 0 0 0 rg BT 331.14 324.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.47 324.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.30 324.10 Td (net ) Tj ET Q q 0 0 0 rg BT 369.35 324.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 405.50 324.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 428.34 324.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 458.92 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.98 324.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.69 324.10 Td (value ) Tj ET Q q 0 0 0 rg BT 515.18 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 324.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.00 312.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 93.93 312.10 Td (group. ) Tj ET Q q 0 0 0 rg BT 122.26 312.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.58 312.10 Td (W) Tj ET Q q 0 0 0 rg BT 133.22 312.10 Td (e ) Tj ET Q q 0 0 0 rg BT 140.16 312.10 Td (did ) Tj ET Q q 0 0 0 rg BT 155.44 312.10 Td (not ) Tj ET Q q 0 0 0 rg BT 170.72 312.10 Td (record ) Tj ET Q q 0 0 0 rg BT 198.75 312.10 Td (an ) Tj ET Q q 0 0 0 rg BT 210.69 312.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 259.29 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.12 312.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 313.72 312.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 339.55 312.10 Td (during ) Tj ET Q q 0 0 0 rg BT 368.16 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.88 312.10 Td (year ) Tj ET Q q 0 0 0 rg BT 402.59 312.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 428.96 312.10 Td (December ) Tj ET Q q 0 0 0 rg BT 472.55 312.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 487.55 312.10 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 288.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 74.77 288.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 96.80 288.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 125.40 288.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 264.10 Td (In ) Tj ET Q q 0 0 0 rg BT 79.17 264.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 114.44 264.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.11 264.10 Td (future ) Tj ET Q q 0 0 0 rg BT 158.33 264.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 181.11 264.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 225.54 264.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 273.32 264.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 298.86 264.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.98 264.10 Td (future ) Tj ET Q q 0 0 0 rg BT 337.20 264.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 360.54 264.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 404.98 264.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.10 264.10 Td (plugging ) Tj ET Q q 0 0 0 rg BT 465.00 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.78 264.10 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 532.77 264.10 Td (our ) Tj ET Q q 0 0 0 rg BT 549.44 264.10 Td (oil, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.07 252.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.21 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.46 252.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.36 250.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.60 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.42 252.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 154.83 252.10 Td (removing ) Tj ET Q q 0 0 0 rg BT 194.97 252.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 238.99 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.24 252.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 291.48 252.10 Td (from ) Tj ET Q q 0 0 0 rg BT 312.73 252.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 339.53 252.10 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 374.36 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.61 252.10 Td (returning ) Tj ET Q q 0 0 0 rg BT 429.07 252.10 Td (land ) Tj ET Q q 0 0 0 rg BT 448.10 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.69 252.10 Td (its ) Tj ET Q q 0 0 0 rg BT 468.95 252.10 Td (original ) Tj ET Q q 0 0 0 rg BT 501.86 252.10 Td (condition.) Tj ET Q q 0 0 0 rg BT 546.96 252.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.75 240.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.78 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.48 240.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.29 240.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 140.77 240.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.80 240.10 Td (an ) Tj ET Q q 0 0 0 rg BT 166.61 240.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 188.42 240.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 231.88 240.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 274.81 240.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.85 240.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 321.20 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.35 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.94 240.10 Td (period ) Tj ET Q q 0 0 0 rg BT 373.86 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.01 240.10 Td (which ) Tj ET Q q 0 0 0 rg BT 410.82 240.10 Td (it ) Tj ET Q q 0 0 0 rg BT 418.75 240.10 Td (is ) Tj ET Q q 0 0 0 rg BT 427.79 240.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 465.97 240.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 511.67 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.82 240.10 Td (its ) Tj ET Q q 0 0 0 rg BT 533.64 240.10 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.61 228.10 Td (using ) Tj ET Q q 0 0 0 rg BT 97.73 228.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.52 228.10 Td (credit-adjusted-risk-free ) Tj ET Q q 0 0 0 rg BT 212.59 228.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.47 228.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 264.41 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.30 228.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.20 228.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 347.86 228.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 380.31 228.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 426.06 228.10 Td (by ) Tj ET Q q 0 0 0 rg BT 438.52 228.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 482.07 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.74 228.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 532.51 228.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.31 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 216.10 Td (related ) Tj ET Q q 0 0 0 rg BT 104.68 216.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 148.25 216.10 Td (asset.) Tj ET Q q 0 0 0 rg BT 175.01 216.10 Td (The ) Tj ET Q q 0 0 0 rg BT 193.04 216.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 226.62 216.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.76 216.10 Td (accreted ) Tj ET Q q 0 0 0 rg BT 271.54 216.10 Td (each ) Tj ET Q q 0 0 0 rg BT 292.33 216.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 322.85 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.77 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.46 216.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 400.24 216.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 418.83 216.10 Td (is ) Tj ET Q q 0 0 0 rg BT 427.97 216.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 476.53 216.10 Td (over ) Tj ET Q q 0 0 0 rg BT 496.77 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 216.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 538.38 216.10 Td (life ) Tj ET Q q 0 0 0 rg BT 554.18 216.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.79 204.10 Td (related ) Tj ET Q q 0 0 0 rg BT 95.07 204.10 Td (asset.Revisions ) Tj ET Q q 0 0 0 rg BT 164.54 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.39 204.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 216.79 204.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 260.96 204.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 308.48 204.10 Td (will ) Tj ET Q q 0 0 0 rg BT 327.11 204.10 Td (result ) Tj ET Q q 0 0 0 rg BT 352.41 204.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.26 204.10 Td (an ) Tj ET Q q 0 0 0 rg BT 375.78 204.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 422.74 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.60 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.89 204.10 Td (related ) Tj ET Q q 0 0 0 rg BT 479.17 204.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 525.55 204.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 548.07 204.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.37 192.10 Td (liability) Tj ET Q q 0 0 0 rg BT 139.83 192.10 Td (.If ) Tj ET Q q 0 0 0 rg BT 156.66 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.55 192.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 205.32 192.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.65 192.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.75 192.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 244.98 192.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.98 192.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 286.41 192.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 302.41 192.10 Td (well ) Tj ET Q q 0 0 0 rg BT 322.29 192.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.63 192.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 360.40 192.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.73 192.10 Td (an ) Tj ET Q q 0 0 0 rg BT 386.83 192.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 419.49 192.10 Td (other ) Tj ET Q q 0 0 0 rg BT 442.71 192.10 Td (than ) Tj ET Q q 0 0 0 rg BT 462.59 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.48 192.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 515.12 192.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 550.28 192.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 180.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 92.34 180.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.51 180.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 138.99 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.27 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.98 180.10 Td (full ) Tj ET Q q 0 0 0 rg BT 180.37 180.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 198.98 180.10 Td (pool, ) Tj ET Q q 0 0 0 rg BT 221.76 180.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 249.26 180.10 Td (significant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 156.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 92.73 156.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 136.82 156.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 184.27 156.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.49 156.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 240.82 156.10 Td (at ) Tj ET Q q 0 0 0 rg BT 251.04 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.26 156.10 Td (present ) Tj ET Q q 0 0 0 rg BT 298.15 156.10 Td (value ) Tj ET Q q 0 0 0 rg BT 322.81 156.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.15 156.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.68 156.10 Td (future ) Tj ET Q q 0 0 0 rg BT 399.57 156.10 Td (net ) Tj ET Q q 0 0 0 rg BT 414.79 156.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.57 156.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 465.11 156.10 Td (W) Tj ET Q q 0 0 0 rg BT 473.75 156.10 Td (e ) Tj ET Q q 0 0 0 rg BT 481.19 156.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 509.19 156.10 Td (unobservable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 76.41 144.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.65 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.33 144.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 145.46 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.25 144.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 178.15 144.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 221.70 144.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 268.61 144.10 Td (that ) Tj ET Q q 0 0 0 rg BT 286.07 144.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 320.47 144.10 Td (but ) Tj ET Q q 0 0 0 rg BT 335.71 144.10 Td (are ) Tj ET Q q 0 0 0 rg BT 350.38 144.10 Td (not ) Tj ET Q q 0 0 0 rg BT 365.62 144.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 396.41 144.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 409.16 144.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.62 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.41 144.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 465.42 144.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.32 144.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 523.94 144.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 552.51 144.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 70.80 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.44 132.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 102.29 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.03 132.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 158.48 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.00 132.10 Td (ef) Tj ET Q q 0 0 0 rg BT 179.59 132.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 195.88 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.51 132.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 240.69 132.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.00 132.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 291.62 132.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 315.42 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.16 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.68 132.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 379.87 132.10 Td (rate.) Tj ET Q q 0 0 0 rg BT 401.80 132.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 451.14 132.10 Td (, ) Tj ET Q q 0 0 0 rg BT 454.94 132.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 475.68 132.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 518.08 132.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 120.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 110.02 120.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.96 120.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 142.22 120.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 149.72 120.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 205.54 120.10 Td (under ) Tj ET Q q 0 0 0 rg BT 230.80 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.52 120.10 Td (F) Tj ET Q q 0 0 0 rg BT 250.34 120.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 272.29 120.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 292.57 120.10 Td (V) Tj ET Q q 0 0 0 rg BT 297.57 120.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 317.29 120.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 347.47 120.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.35 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.85 120.10 Td (topic.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (Commodity Derivative Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 72.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 72.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.70 72.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 109.82 72.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 122.50 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.07 72.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 168.96 72.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.41 72.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 226.52 72.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 264.74 72.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 72.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 309.54 72.10 Td (our ) Tj ET Q q 0 0 0 rg BT 325.00 72.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 363.22 72.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.13 72.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 420.81 72.10 Td (price ) Tj ET Q q 0 0 0 rg BT 442.92 72.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 460.04 72.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 503.26 72.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.17 72.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 72.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.85 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.08 60.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 107.63 60.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.75 60.10 Td (production.) Tj ET Q q 0 0 0 rg BT 173.40 60.10 Td (These ) Tj ET Q q 0 0 0 rg BT 199.07 60.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 240.84 60.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 278.72 60.10 Td (have ) Tj ET Q q 0 0 0 rg BT 299.39 60.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 346.17 60.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 385.18 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.30 60.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 429.04 60.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.61 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.62 60.10 Td (form ) Tj ET Q q 0 0 0 rg BT 473.85 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.97 60.10 Td (price ) Tj ET Q q 0 0 0 rg BT 505.74 60.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 533.36 60.10 Td (collars, ) 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 (three-way ) Tj ET Q q 0 0 0 rg BT 93.21 713.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 126.09 713.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 173.68 713.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 204.36 713.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 251.95 713.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 280.13 713.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 321.61 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 343.12 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.29 713.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 371.69 713.10 Td (put, ) Tj ET Q q 0 0 0 rg BT 390.70 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.87 713.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 432.60 713.10 Td (swaps.Our ) Tj ET Q q 0 0 0 rg BT 483.82 713.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 527.53 713.10 Td (financial ) 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 99.58 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.20 701.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 153.59 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.00 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.63 701.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 216.58 701.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 240.54 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.28 701.10 Td (either ) Tj ET Q q 0 0 0 rg BT 278.46 701.10 Td (an ) Tj ET Q q 0 0 0 rg BT 291.31 701.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 314.16 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.90 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.75 701.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 368.27 701.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 410.00 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 420.63 701.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 437.92 701.10 Td (value.) Tj ET Q q 0 0 0 rg BT 466.90 701.10 Td (W) Tj ET Q q 0 0 0 rg BT 475.54 701.10 Td (e ) Tj ET Q q 0 0 0 rg BT 483.39 701.10 Td (do ) Tj ET Q q 0 0 0 rg BT 496.80 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.99 701.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 538.62 701.10 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.16 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.73 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.85 689.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 171.19 689.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 213.97 689.10 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 255.63 689.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 302.18 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.47 689.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 342.47 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.04 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.04 689.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 384.71 689.10 Td (value ) Tj ET Q q 0 0 0 rg BT 409.16 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.28 689.10 Td (these ) Tj ET Q q 0 0 0 rg BT 443.62 689.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 493.07 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 508.07 689.10 Td (recognized ) 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 (Commodity ) Tj ET Q q 0 0 0 rg BT 104.22 677.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 150.59 677.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 185.30 677.10 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 228.33 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.61 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.44 677.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 309.71 677.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 356.10 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.93 677.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 413.30 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.58 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.30 677.10 Td (period ) Tj ET Q q 0 0 0 rg BT 466.35 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.18 677.10 Td (change.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Concentrations of Cr) Tj ET Q q 0 0 0 rg BT 139.86 653.10 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.12 629.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.16 629.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 173.89 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.95 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.23 629.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 243.06 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.90 629.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 315.28 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.68 629.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 352.50 629.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 370.57 629.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 401.41 629.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 441.69 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.09 629.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.92 629.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 525.03 629.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 548.08 629.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 84.23 617.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.20 617.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 182.31 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.39 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 617.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 259.88 617.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 310.19 617.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 352.16 617.10 Td (above.Our ) Tj ET Q q 0 0 0 rg BT 402.74 617.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 424.15 617.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 473.33 617.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 513.62 617.10 Td (high-quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.40 605.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 119.63 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.55 605.10 Td (various ) Tj ET Q q 0 0 0 rg BT 173.13 605.10 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 245.69 605.10 Td (institutions.) Tj ET Q q 0 0 0 rg BT 297.46 605.10 Td (This ) Tj ET Q q 0 0 0 rg BT 318.38 605.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 365.40 605.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 400.18 605.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 426.10 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.57 605.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 481.80 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.72 605.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 554.17 605.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 76.02 593.10 Td (risk.Our ) Tj ET Q q 0 0 0 rg BT 117.84 593.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 141.58 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.78 593.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 194.62 593.10 Td (production ) Tj ET Q q 0 0 0 rg BT 241.71 593.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 290.44 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.41 593.10 Td (dispersed ) Tj ET Q q 0 0 0 rg BT 347.94 593.10 Td (among ) Tj ET Q q 0 0 0 rg BT 378.91 593.10 Td (various ) Tj ET Q q 0 0 0 rg BT 412.11 593.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 456.42 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.62 593.10 Td (purchasers; ) Tj ET Q q 0 0 0 rg BT 523.92 593.10 Td (therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 109.99 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.50 581.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 145.44 581.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 162.63 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.01 581.10 Td (limited.) Tj ET Q q 0 0 0 rg BT 212.66 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.30 581.10 Td (e ) Tj ET Q q 0 0 0 rg BT 227.92 581.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 263.41 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.81 581.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 302.75 581.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 332.15 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.66 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.17 581.10 Td (purchasers, ) Tj ET Q q 0 0 0 rg BT 405.61 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.22 581.10 Td (if ) Tj ET Q q 0 0 0 rg BT 430.51 581.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 473.24 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.63 581.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 533.12 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.74 581.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 69.35 569.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 96.13 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.80 569.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 131.91 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.47 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.03 569.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 195.03 569.10 Td (security ) Tj ET Q q 0 0 0 rg BT 229.03 569.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 265.81 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.94 569.10 Td (support ) Tj ET Q q 0 0 0 rg BT 308.28 569.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 329.51 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.19 569.10 Td (credit.) Tj ET Q q 0 0 0 rg BT 370.27 569.10 Td (W) Tj ET Q q 0 0 0 rg BT 378.91 569.10 Td (e ) Tj ET Q q 0 0 0 rg BT 385.70 569.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 418.03 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.16 569.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 468.27 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.95 569.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 509.06 569.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 526.40 569.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.04 557.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 135.96 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.56 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.17 557.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.00 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.71 557.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 226.75 557.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 243.35 557.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 286.60 557.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 325.97 557.10 Td (through ) Tj ET Q q 0 0 0 rg BT 360.35 557.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 390.28 557.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 416.32 557.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 453.20 557.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 500.92 557.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 548.06 557.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (diversification.) Tj ET Q q 0 0 0 rg BT 114.21 545.10 Td (All ) Tj ET Q q 0 0 0 rg BT 129.86 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.07 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.28 545.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 200.14 545.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 239.11 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.20 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.85 545.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 304.39 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.26 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.35 545.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 369.10 545.10 Td (under ) Tj ET Q q 0 0 0 rg BT 394.75 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.96 545.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 438.27 545.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 471.69 545.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 494.01 545.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 519.65 545.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 550.85 545.10 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 533.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 86.80 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.63 533.10 Td (such ) Tj ET Q q 0 0 0 rg BT 118.46 533.10 Td (lenders\).) Tj ET Q q 0 0 0 rg BT 157.99 533.10 Td (There ) Tj ET Q q 0 0 0 rg BT 183.80 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.51 533.10 Td (no ) Tj ET Q q 0 0 0 rg BT 211.01 533.10 Td (mar) Tj ET Q q 0 0 0 rg BT 226.38 533.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 241.65 533.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 296.36 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 316.63 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.35 533.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 390.49 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.32 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.15 533.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 459.63 533.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.99 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.14 509.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.62 509.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.66 509.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.81 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.73 509.10 Td (made ) Tj ET Q q 0 0 0 rg BT 208.10 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.81 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.96 509.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 273.99 509.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.70 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.74 509.10 Td (under ) Tj ET Q q 0 0 0 rg BT 333.23 509.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 377.59 509.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.40 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 426.33 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.26 509.10 Td (current ) Tj ET Q q 0 0 0 rg BT 472.29 509.10 Td (area ) Tj ET Q q 0 0 0 rg BT 491.64 509.10 Td (market ) Tj ET Q q 0 0 0 rg BT 522.12 509.10 Td (price.) Tj ET Q q 0 0 0 rg BT 549.42 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 509.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (would ) Tj ET Q q 0 0 0 rg BT 76.16 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 90.59 497.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 118.34 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.21 497.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 149.43 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.41 497.10 Td (any ) Tj ET Q q 0 0 0 rg BT 175.51 497.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 216.03 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.46 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 245.99 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.09 497.10 Td (material ) Tj ET Q q 0 0 0 rg BT 286.50 497.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 318.69 497.10 Td (ef) Tj ET Q q 0 0 0 rg BT 326.28 497.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.92 497.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 364.58 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.56 497.10 Td (operations.For ) Tj ET Q q 0 0 0 rg BT 444.27 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.14 497.10 Td (years ) Tj ET Q q 0 0 0 rg BT 480.89 497.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 497.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 485.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.32 485.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.32 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.65 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.41 485.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.41 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.23 485.10 Td (two ) Tj ET Q q 0 0 0 rg BT 155.55 485.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 200.64 485.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 243.49 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.48 485.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 278.13 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 288.78 485.10 Td (more ) Tj ET Q q 0 0 0 rg BT 311.65 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.31 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.96 485.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 350.84 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.60 485.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 397.69 485.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 413.34 485.10 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 453.98 485.10 Td (Plains ) Tj ET Q q 0 0 0 rg BT 480.75 485.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 524.73 485.10 Td (LP) Tj ET Q q 0 0 0 rg BT 536.03 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.35 485.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.68 485.10 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 485.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.32 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.25 473.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.58 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.07 473.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.33 473.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.33 473.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.32 473.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.32 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.81 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.74 473.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.74 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 207.73 473.10 Td (respectively\) ) Tj ET Q q 0 0 0 rg BT 261.86 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.79 473.10 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 320.15 473.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 363.75 473.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.12 473.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 473.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.78 473.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.77 473.10 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.59 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.52 473.10 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.85 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.34 473.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.61 473.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.61 473.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.59 473.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.59 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.08 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 461.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 461.10 Td (respectively\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Revenue Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 413.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 106.74 413.10 Td (Recognition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.35 413.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.93 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.51 413.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 203.07 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 212.32 413.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 258.76 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 268.56 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.36 413.10 Td (time ) Tj ET Q q 0 0 0 rg BT 303.71 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 316.85 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.86 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 364.21 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 380.12 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 389.37 413.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 429.15 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.17 413.10 Td (sold.) Tj ET Q q 0 0 0 rg BT 469.79 413.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 489.59 413.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 526.06 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 543.07 413.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 94.76 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.59 401.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 118.65 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.58 401.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 165.85 401.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 181.68 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 196.38 401.10 Td (included ) Tj ET Q q 0 0 0 rg BT 233.32 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.60 401.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 277.18 401.10 Td (production ) Tj ET Q q 0 0 0 rg BT 323.01 401.10 Td (receivable.) 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 82.65 377.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 110.83 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.12 377.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 146.63 377.10 Td (method ) Tj ET Q q 0 0 0 rg BT 178.69 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.10 377.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 235.04 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.77 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.17 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 276.80 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.31 377.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 323.15 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 338.55 377.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 374.77 377.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 411.27 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 425.00 377.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 465.93 377.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 499.65 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.72 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 524.35 377.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.75 377.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 66.06 365.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 85.95 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.96 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.51 365.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 159.50 365.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 203.26 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.82 365.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 250.25 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.70 365.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 288.36 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.80 365.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 360.89 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.90 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.46 365.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 433.34 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.35 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.79 365.10 Td (property) Tj ET Q q 0 0 0 rg BT 493.02 365.10 Td (.) Tj ET Q q 0 0 0 rg BT 499.97 365.10 Td (A) Tj ET Q q 0 0 0 rg BT 506.64 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.86 365.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 554.17 365.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.63 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.32 353.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 140.21 353.10 Td (only ) Tj ET Q q 0 0 0 rg BT 161.00 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.80 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.04 353.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 214.50 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.51 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 247.20 353.10 Td (have ) Tj ET Q q 0 0 0 rg BT 269.09 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 281.55 353.10 Td (imbalance ) Tj ET Q q 0 0 0 rg BT 325.67 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 338.69 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.15 353.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 380.26 353.10 Td (property ) Tj ET Q q 0 0 0 rg BT 417.16 353.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 447.94 353.10 Td (than ) Tj ET Q q 0 0 0 rg BT 468.17 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.41 353.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 521.97 353.10 Td (remaining ) 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 80.81 341.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 120.52 341.10 Td (As ) Tj ET Q q 0 0 0 rg BT 135.17 341.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.04 341.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.66 341.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.66 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.20 341.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.18 341.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.18 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 274.22 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.09 341.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 333.49 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 347.59 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.57 341.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 396.87 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 413.74 341.10 Td (imbalances ) Tj ET Q q 0 0 0 rg BT 462.26 341.10 Td (were ) Tj ET Q q 0 0 0 rg BT 485.23 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 501.55 341.10 Td (material ) Tj ET Q q 0 0 0 rg BT 537.85 341.10 Td (to ) 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 (consolidated ) Tj ET Q q 0 0 0 rg BT 102.54 329.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.02 329.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 305.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.82 305.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 123.93 305.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 157.82 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.50 305.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 212.85 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.42 305.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 266.20 305.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 309.00 305.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 351.23 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 360.69 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.15 305.10 Td (time ) Tj ET Q q 0 0 0 rg BT 395.17 305.10 Td (we ) Tj ET Q q 0 0 0 rg BT 409.07 305.10 Td (assume ) Tj ET Q q 0 0 0 rg BT 440.76 305.10 Td (ef) Tj ET Q q 0 0 0 rg BT 448.35 305.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 477.79 305.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 510.86 305.10 Td (commencing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.26 293.10 Td (either ) Tj ET Q q 0 0 0 rg BT 98.34 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.87 293.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 146.07 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.72 293.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 196.57 293.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 241.53 293.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 264.00 293.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 308.98 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 322.29 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.83 293.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 384.47 293.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 410.00 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.76 293.10 Td (agreements.) Tj ET Q q 0 0 0 rg BT 480.61 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 489.25 293.10 Td (e ) Tj ET Q q 0 0 0 rg BT 497.00 293.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 526.43 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.96 293.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 104.44 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.39 281.10 Td (reverse ) Tj ET Q q 0 0 0 rg BT 145.43 281.10 Td (when ) Tj ET Q q 0 0 0 rg BT 169.26 281.10 Td (we ) Tj ET Q q 0 0 0 rg BT 183.09 281.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 199.14 281.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 241.30 281.10 Td (by ) Tj ET Q q 0 0 0 rg BT 253.47 281.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 302.84 281.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 336.65 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.26 281.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 391.53 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.03 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.42 281.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 435.25 281.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 477.41 281.10 Td (until ) Tj ET Q q 0 0 0 rg BT 497.91 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.30 281.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 543.36 281.10 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 257.10 Td ( Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 101.84 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.66 233.10 Td (along ) Tj ET Q q 0 0 0 rg BT 131.19 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.29 233.10 Td (other ) Tj ET Q q 0 0 0 rg BT 174.15 233.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 221.73 233.10 Td (has ) Tj ET Q q 0 0 0 rg BT 237.38 233.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 279.13 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.67 233.10 Td (development ) Tj ET Q q 0 0 0 rg BT 347.63 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.28 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.04 233.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 404.01 233.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 426.33 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.42 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.95 233.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 471.60 233.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 496.70 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 510.67 233.10 Td (which ) Tj ET Q q 0 0 0 rg BT 537.43 233.10 Td (one ) Tj ET Q q 0 0 0 rg BT 554.18 233.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.68 221.10 Td (by-products ) Tj ET Q q 0 0 0 rg BT 115.41 221.10 Td (would ) Tj ET Q q 0 0 0 rg BT 143.38 221.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.78 221.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 169.67 219.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.92 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 178.38 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.79 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.41 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 237.81 221.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 275.77 221.10 Td (has ) Tj ET Q q 0 0 0 rg BT 292.06 221.10 Td (an ) Tj ET Q q 0 0 0 rg BT 304.46 221.10 Td (of) Tj ET Q q 0 0 0 rg BT 312.61 221.10 Td (ftake ) Tj ET Q q 0 0 0 rg BT 335.56 221.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 382.67 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.63 221.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 410.81 221.10 Td (early ) Tj ET Q q 0 0 0 rg BT 433.76 221.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 459.22 221.10 Td (we ) Tj ET Q q 0 0 0 rg BT 473.85 221.10 Td (have ) Tj ET Q q 0 0 0 rg BT 495.69 221.10 Td (made ) Tj ET Q q 0 0 0 rg BT 520.31 221.10 Td (successive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 72.49 209.10 Td (towards ) Tj ET Q q 0 0 0 rg BT 106.03 209.10 Td (this ) Tj ET Q q 0 0 0 rg BT 122.35 209.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 178.38 209.10 Td (which ) Tj ET Q q 0 0 0 rg BT 204.70 209.10 Td (totaled ) Tj ET Q q 0 0 0 rg BT 233.79 209.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.43 209.10 Td ($17 ) Tj ET Q q 0 0 0 rg BT 310.31 209.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.20 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.08 209.10 Td (at ) Tj ET Q q 0 0 0 rg BT 350.17 209.10 Td (December ) Tj ET Q q 0 0 0 rg BT 393.14 209.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 407.52 209.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 431.89 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.64 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.27 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 448.59 209.10 Td (have ) Tj ET Q q 0 0 0 rg BT 469.35 209.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 506.20 209.10 Td (these ) Tj ET Q q 0 0 0 rg BT 528.63 209.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.20 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.01 197.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 89.59 197.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 134.04 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.19 197.10 Td (T) Tj ET Q q 0 0 0 rg BT 155.38 197.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 175.96 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.77 197.10 Td (other ) Tj ET Q q 0 0 0 rg BT 217.68 197.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 268.52 197.10 Td (net ) Tj ET Q q 0 0 0 rg BT 288.55 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.92 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.62 197.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 374.76 197.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 410.33 197.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 442.31 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.43 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 454.07 197.10 Td (e ) Tj ET Q q 0 0 0 rg BT 461.88 197.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 509.12 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.71 197.10 Td (project ) Tj ET Q q 0 0 0 rg BT 555.84 197.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 91.01 185.10 Td (by ) Tj ET Q q 0 0 0 rg BT 103.08 185.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 138.48 185.10 Td (of) Tj ET Q q 0 0 0 rg BT 146.63 185.10 Td (ftake ) Tj ET Q q 0 0 0 rg BT 168.68 185.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 216.28 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.68 185.10 Td (various ) Tj ET Q q 0 0 0 rg BT 258.19 185.10 Td (products ) Tj ET Q q 0 0 0 rg BT 294.70 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.21 185.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 334.38 185.10 Td (from ) Tj ET Q q 0 0 0 rg BT 355.89 185.10 Td (several ) Tj ET Q q 0 0 0 rg BT 386.28 185.10 Td (other ) Tj ET Q q 0 0 0 rg BT 408.89 185.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 449.83 185.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 478.56 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.07 185.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 517.68 185.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 543.63 185.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (been ) Tj ET Q q 0 0 0 rg BT 70.84 173.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 99.96 173.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 122.42 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.55 173.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 188.72 173.10 Td (procurement ) Tj ET Q q 0 0 0 rg BT 241.72 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.63 173.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 310.53 173.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 347.70 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.99 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 368.00 173.10 Td (project ) Tj ET Q q 0 0 0 rg BT 398.24 173.10 Td (developer ) Tj ET Q q 0 0 0 rg BT 440.13 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.26 173.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 487.82 173.10 Td (soliciting ) Tj ET Q q 0 0 0 rg BT 527.51 173.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 69.35 161.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 97.53 161.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 136.83 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.68 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.09 161.10 Td (project, ) Tj ET Q q 0 0 0 rg BT 200.54 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.17 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 233.02 161.10 Td (have ) Tj ET Q q 0 0 0 rg BT 255.08 161.10 Td (been ) Tj ET Q q 0 0 0 rg BT 277.15 161.10 Td (informed ) Tj ET Q q 0 0 0 rg BT 317.00 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.18 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.81 161.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 401.54 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.73 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.36 161.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 442.20 161.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 470.39 161.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 505.79 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 515.65 161.10 Td (tar) Tj ET Q q 0 0 0 rg BT 526.02 161.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 550.86 161.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (mid-2018. ) Tj ET Q q 0 0 0 rg BT 93.39 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.89 149.10 Td (If ) Tj ET Q q 0 0 0 rg BT 105.05 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.76 149.10 Td (project ) Tj ET Q q 0 0 0 rg BT 150.03 149.10 Td (developer ) Tj ET Q q 0 0 0 rg BT 191.95 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.12 149.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 230.28 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.55 149.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 268.59 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.31 149.10 Td (required ) Tj ET Q q 0 0 0 rg BT 319.12 149.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 346.62 149.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 395.50 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 409.66 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.38 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.32 149.10 Td (required ) Tj ET Q q 0 0 0 rg BT 477.13 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.41 149.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 516.01 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.73 149.10 Td (loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 125.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 125.10 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 100.29 101.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 123.64 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 138.65 101.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 181.99 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.46 101.10 Td (using ) Tj ET Q q 0 0 0 rg BT 220.93 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.95 101.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 258.20 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.44 101.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 309.36 101.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 344.66 101.10 Td (under ) Tj ET Q q 0 0 0 rg BT 370.23 101.10 Td (which ) Tj ET Q q 0 0 0 rg BT 397.47 101.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 433.58 101.10 Td (income ) Tj ET Q q 0 0 0 rg BT 465.82 101.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 489.17 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.19 101.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.85 101.10 Td (for ) 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 63.63 89.10 Td (future ) Tj ET Q q 0 0 0 rg BT 89.42 89.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.55 89.10 Td (ef) Tj ET Q q 0 0 0 rg BT 111.14 89.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 131.93 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.17 89.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 185.18 89.10 Td (dif) Tj ET Q q 0 0 0 rg BT 196.11 89.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 231.32 89.10 Td (between ) Tj ET Q q 0 0 0 rg BT 266.55 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.68 89.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.58 89.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 357.81 89.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 393.04 89.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 428.84 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.19 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.32 89.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.45 89.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 495.36 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.61 89.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 539.18 89.10 Td (assets ) 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 66.65 77.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 106.58 77.10 Td (using ) Tj ET Q q 0 0 0 rg BT 130.96 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.89 77.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 179.14 77.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 216.84 77.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 231.77 77.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 253.36 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.85 77.10 Td (ef) Tj ET Q q 0 0 0 rg BT 271.44 77.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 289.14 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 299.07 77.10 Td (year ) Tj ET Q q 0 0 0 rg BT 318.99 77.10 Td (end.) Tj ET Q q 0 0 0 rg BT 340.75 77.10 Td (The ) Tj ET Q q 0 0 0 rg BT 359.00 77.10 Td (ef) Tj ET Q q 0 0 0 rg BT 366.59 77.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 384.29 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.00 77.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 433.02 77.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 456.28 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.65 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.80 77.10 Td (change ) Tj ET Q q 0 0 0 rg BT 508.83 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.32 77.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 534.25 77.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 555.84 77.10 Td (is ) 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 49.50 713.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.39 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.21 713.10 Td (income ) Tj ET Q q 0 0 0 rg BT 139.67 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.48 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.73 713.10 Td (period ) Tj ET Q q 0 0 0 rg BT 194.31 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 212.34 713.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 248.69 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 713.10 Td (enactment ) Tj ET Q q 0 0 0 rg BT 308.06 713.10 Td (date.) Tj ET Q q 0 0 0 rg BT 331.67 713.10 Td (A) Tj ET Q q 0 0 0 rg BT 338.34 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.37 713.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.61 713.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 425.18 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.87 713.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 476.21 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 491.46 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.82 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.52 713.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (when ) Tj ET Q q 0 0 0 rg BT 73.66 701.10 Td (it ) Tj ET Q q 0 0 0 rg BT 81.72 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.89 701.10 Td (more ) Tj ET Q q 0 0 0 rg BT 113.93 701.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 139.21 701.10 Td (than ) Tj ET Q q 0 0 0 rg BT 158.92 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 174.20 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.70 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.41 701.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 236.68 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.62 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.33 701.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 309.14 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 323.86 701.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 345.79 701.10 Td (will ) Tj ET Q q 0 0 0 rg BT 363.85 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 379.13 701.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.07 701.10 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 677.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.81 677.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 125.90 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.34 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.79 677.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 187.78 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.45 677.10 Td (an ) Tj ET Q q 0 0 0 rg BT 223.12 677.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 263.55 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 278.99 677.10 Td (position ) Tj ET Q q 0 0 0 rg BT 314.45 677.10 Td (only ) Tj ET Q q 0 0 0 rg BT 335.46 677.10 Td (if ) Tj ET Q q 0 0 0 rg BT 344.79 677.10 Td (it ) Tj ET Q q 0 0 0 rg BT 353.58 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.48 677.10 Td (more ) Tj ET Q q 0 0 0 rg BT 387.25 677.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 413.26 677.10 Td (than ) Tj ET Q q 0 0 0 rg BT 433.70 677.10 Td (not ) Tj ET Q q 0 0 0 rg BT 449.71 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 467.93 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.38 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 498.82 677.10 Td (position ) Tj ET Q q 0 0 0 rg BT 534.28 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 677.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 89.36 665.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 112.01 665.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 164.08 665.10 Td (by ) Tj ET Q q 0 0 0 rg BT 176.73 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.59 665.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 219.24 665.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 266.59 665.10 Td (based ) Tj ET Q q 0 0 0 rg BT 292.01 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.66 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.52 665.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 358.25 665.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 385.90 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.87 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.74 665.10 Td (position.) Tj ET Q q 0 0 0 rg BT 451.28 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 469.48 665.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 484.34 665.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 518.64 665.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.73 653.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.33 653.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 157.17 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 179.22 653.10 Td (such ) Tj ET Q q 0 0 0 rg BT 200.17 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.23 653.10 Td (position ) Tj ET Q q 0 0 0 rg BT 242.08 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.90 653.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 297.84 653.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.23 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.85 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 653.10 Td (lar) Tj ET Q q 0 0 0 rg BT 361.05 653.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 379.78 653.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 410.16 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.78 653.10 Td (has ) Tj ET Q q 0 0 0 rg BT 443.73 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.78 653.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 481.16 653.10 Td (than ) Tj ET Q q 0 0 0 rg BT 500.99 653.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 521.94 653.10 Td (likelihood ) 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 60.33 641.10 Td (being ) Tj ET Q q 0 0 0 rg BT 85.05 641.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 119.19 641.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 141.69 641.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 176.96 641.10 Td (settlement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.99 617.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 101.15 617.10 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 129.76 617.10 Td (per) Tj ET Q q 0 0 0 rg BT 144.02 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.52 617.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 188.46 617.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 208.85 617.10 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.28 617.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (Basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.70 593.10 Td (net ) Tj ET Q q 0 0 0 rg BT 105.90 593.10 Td (income ) Tj ET Q q 0 0 0 rg BT 137.31 593.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 161.51 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 176.26 593.10 Td (common ) Tj ET Q q 0 0 0 rg BT 213.24 593.10 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.34 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.32 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.97 593.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 286.39 593.10 Td (by ) Tj ET Q q 0 0 0 rg BT 298.37 593.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 333.69 593.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.88 593.10 Td (net ) Tj ET Q q 0 0 0 rg BT 362.08 593.10 Td (income ) Tj ET Q q 0 0 0 rg BT 393.50 593.10 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.72 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.70 593.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 465.22 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.98 593.10 Td (common ) Tj ET Q q 0 0 0 rg BT 511.96 593.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.45 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.62 581.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 114.22 581.10 Td (average ) Tj ET Q q 0 0 0 rg BT 147.25 581.10 Td (number ) Tj ET Q q 0 0 0 rg BT 179.75 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.03 581.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 216.97 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.25 581.10 Td (common ) Tj ET Q q 0 0 0 rg BT 264.20 581.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 287.25 581.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 335.87 581.10 Td (during ) Tj ET Q q 0 0 0 rg BT 363.93 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.09 581.10 Td (period.Diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.08 581.10 Td (net ) Tj ET Q q 0 0 0 rg BT 457.25 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 488.63 581.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 512.81 581.10 Td (per ) Tj ET Q q 0 0 0 rg BT 527.52 581.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.60 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.54 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 83.16 569.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 126.63 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.35 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.51 569.10 Td (same ) Tj ET Q q 0 0 0 rg BT 176.00 569.10 Td (manner) Tj ET Q q 0 0 0 rg BT 205.59 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.03 569.10 Td (but ) Tj ET Q q 0 0 0 rg BT 226.76 569.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 263.03 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.19 569.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 308.34 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.62 569.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 365.33 569.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 398.83 569.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 442.03 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.98 569.10 Td (Potentially ) Tj ET Q q 0 0 0 rg BT 491.25 569.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 524.75 569.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 80.79 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.63 557.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 136.68 557.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 177.40 557.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 204.51 557.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 229.13 557.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 264.59 557.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 289.21 557.10 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 342.14 557.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 368.43 557.10 Td (\(SARs\), ) Tj ET Q q 0 0 0 rg BT 413.32 557.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 457.37 557.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 537.50 557.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 82.82 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.76 545.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 127.25 545.10 Td (into ) Tj ET Q q 0 0 0 rg BT 145.31 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 172.24 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.07 545.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 235.55 545.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 262.49 545.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 286.10 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.81 545.10 Td (convertible.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.51 521.10 Td (following ) Tj ET Q q 0 0 0 rg BT 128.87 521.10 Td (table ) Tj ET Q q 0 0 0 rg BT 151.76 521.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 170.23 521.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 193.13 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.82 521.10 Td (reconciliations ) Tj ET Q q 0 0 0 rg BT 271.15 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 521.10 Td (net ) Tj ET Q q 0 0 0 rg BT 298.63 521.10 Td (income ) Tj ET Q q 0 0 0 rg BT 331.53 521.10 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.75 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 357.22 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.12 521.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 415.24 521.10 Td (average ) Tj ET Q q 0 0 0 rg BT 449.79 521.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 478.25 521.10 Td (used ) Tj ET Q q 0 0 0 rg BT 500.04 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.17 521.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 554.19 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 95.87 509.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 118.91 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.85 509.10 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.13 509.10 Td (net ) Tj ET Q q 0 0 0 rg BT 180.84 509.10 Td (income ) Tj ET Q q 0 0 0 rg BT 212.78 509.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 237.50 509.10 Td (per ) Tj ET Q q 0 0 0 rg BT 252.77 509.10 Td (common ) Tj ET Q q 0 0 0 rg BT 290.26 509.10 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.36 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.86 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 328.02 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.74 509.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 374.68 509.10 Td (indicated:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 472.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 442.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 412.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 382.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 352.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 312.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 312.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 312.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 312.60 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 360 485.6 m 425 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 485.6 m 429 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 485.6 m 494 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 485.6 m 498 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 485.6 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 50 472.6 m 356 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 485.6 m 425 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 472.6 m 425 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 485.6 m 429 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 485.6 m 494 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 472.6 m 494 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 485.6 m 498 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 485.6 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 498 472.6 m 563 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 472.6 m 425 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 472.6 m 494 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 472.6 m 563 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 412.6 m 425 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 398.6 m 425 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 396.6 m 425 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 412.6 m 494 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 398.6 m 494 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 396.6 m 494 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 412.6 m 563 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 398.6 m 563 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 396.6 m 563 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 297.6 m 425 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 297.6 m 494 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 297.6 m 563 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 297.6 m 425 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 283.6 m 425 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 281.6 m 425 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 297.6 m 494 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 283.6 m 494 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 281.6 m 494 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 297.6 m 563 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 283.6 m 563 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 281.6 m 563 281.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 489.17 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 489.17 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 476.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 476.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 476.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 476.17 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 462.28 Td (Numerator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 447.27 Td (Net income \(loss\) basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 447.27 Td (163,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 447.32 Td (\(976,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 447.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 447.32 Td (\(4,385,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 447.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 432.27 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.85 432.27 Td (fect of potentially dilutive securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 417.27 Td (Interest on convertible senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.50 417.27 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 417.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 417.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 402.27 Td (Net income \(loss\) diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 402.27 Td (163,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 402.32 Td (\(976,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 402.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 402.32 Td (\(4,385,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 402.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 372.28 Td (Denominator) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 357.27 Td (W) Tj ET Q q 0 0 0 rg BT 61.54 357.27 Td (eighted average common shares outstanding basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 357.27 Td (390,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 357.27 Td (373,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 357.27 Td (348,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 342.27 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.85 342.27 Td (fect of potentially dilutive securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 327.27 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 64.50 317.27 Td (awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 317.27 Td (2,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 302.27 Td (Convertible senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 302.27 Td (2,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 302.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 302.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 287.27 Td (W) Tj ET Q q 0 0 0 rg BT 61.14 287.27 Td (eighted average common shares outstanding diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 287.27 Td (395,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 287.27 Td (373,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 287.27 Td (348,802) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 259.10 Td (Basic ) Tj ET Q q 0 0 0 rg BT 92.67 259.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 132.29 259.10 Td (average ) Tj ET Q q 0 0 0 rg BT 166.33 259.10 Td (common ) Tj ET Q q 0 0 0 rg BT 204.28 259.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.22 259.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 266.27 259.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 294.22 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.51 259.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 349.01 259.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 389.17 259.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 415.73 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.04 259.10 Td (As ) Tj ET Q q 0 0 0 rg BT 432.11 259.10 Td (these ) Tj ET Q q 0 0 0 rg BT 455.61 259.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 495.77 259.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.72 259.10 Td (vest, ) Tj ET Q q 0 0 0 rg BT 545.28 259.10 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.32 247.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.02 247.10 Td (included ) Tj ET Q q 0 0 0 rg BT 118.71 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.75 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.23 247.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 173.48 247.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 223.40 247.10 Td (used ) Tj ET Q q 0 0 0 rg BT 245.00 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.03 247.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 294.82 247.10 Td (basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.63 247.10 Td (net ) Tj ET Q q 0 0 0 rg BT 334.11 247.10 Td (income ) Tj ET Q q 0 0 0 rg BT 366.80 247.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 392.28 247.10 Td (per ) Tj ET Q q 0 0 0 rg BT 408.31 247.10 Td (common ) Tj ET Q q 0 0 0 rg BT 446.57 247.10 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.67 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.93 247.10 Td (\(although ) Tj ET Q q 0 0 0 rg BT 512.51 247.10 Td (time-vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 88.46 235.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.32 235.10 Td (is ) Tj ET Q q 0 0 0 rg BT 119.74 235.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 146.49 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.68 235.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 211.10 235.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 232.85 235.10 Td (grant\). ) Tj ET Q q 0 0 0 rg BT 260.98 235.10 Td (For ) Tj ET Q q 0 0 0 rg BT 279.13 235.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 316.43 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.52 235.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 372.14 235.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 401.66 235.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 440.07 235.10 Td (average ) Tj ET Q q 0 0 0 rg BT 472.91 235.10 Td (common ) Tj ET Q q 0 0 0 rg BT 509.66 235.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.40 235.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.34 223.10 Td (year ) Tj ET Q q 0 0 0 rg BT 86.16 223.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 113.66 223.10 Td (December ) Tj ET Q q 0 0 0 rg BT 158.36 223.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 174.48 223.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 200.60 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.44 223.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 260.61 223.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 301.43 223.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 326.16 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.21 223.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 424.45 223.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 453.07 223.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 485.01 223.10 Td (are ) Tj ET Q q 0 0 0 rg BT 500.84 223.10 Td (included ) Tj ET Q q 0 0 0 rg BT 538.89 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 223.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (computation ) Tj ET Q q 0 0 0 rg BT 101.89 211.10 Td (using ) Tj ET Q q 0 0 0 rg BT 125.96 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.58 211.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 175.19 211.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 198.70 211.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 233.60 211.10 Td (with ) Tj ET Q q 0 0 0 rg BT 253.78 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.40 211.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 301.90 211.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 339.84 211.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 363.89 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.08 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.69 211.10 Td (average ) Tj ET Q q 0 0 0 rg BT 422.18 211.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 478.45 211.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 536.39 211.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.11 199.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 96.55 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.39 199.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.44 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.05 199.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 173.44 199.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 220.16 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.77 199.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 284.15 199.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 311.98 199.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 336.48 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.21 199.10 Td (if ) Tj ET Q q 0 0 0 rg BT 357.71 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.32 199.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 421.70 199.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 449.53 199.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 474.04 199.10 Td (were ) Tj ET Q q 0 0 0 rg BT 496.86 199.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 539.68 199.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.29 199.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.00 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.83 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.54 187.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 163.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.42 163.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.67 163.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 166.81 163.10 Td (could ) Tj ET Q q 0 0 0 rg BT 191.39 163.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 236.53 163.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 261.67 163.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 297.92 163.10 Td (per ) Tj ET Q q 0 0 0 rg BT 313.06 163.10 Td (share ) Tj ET Q q 0 0 0 rg BT 336.53 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.67 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.26 163.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 390.01 163.10 Td (but ) Tj ET Q q 0 0 0 rg BT 405.16 163.10 Td (were ) Tj ET Q q 0 0 0 rg BT 426.95 163.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 465.42 163.10 Td (from ) Tj ET Q q 0 0 0 rg BT 487.23 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.81 163.10 Td (computation ) Tj ET Q q 0 0 0 rg BT 554.17 163.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.77 151.10 Td (net ) Tj ET Q q 0 0 0 rg BT 94.49 151.10 Td (income ) Tj ET Q q 0 0 0 rg BT 126.42 151.10 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.65 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.15 151.10 Td (per ) Tj ET Q q 0 0 0 rg BT 166.41 151.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 192.51 151.10 Td (as ) Tj ET Q q 0 0 0 rg BT 203.34 151.10 Td (their ) Tj ET Q q 0 0 0 rg BT 224.17 151.10 Td (ef) Tj ET Q q 0 0 0 rg BT 231.76 151.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 249.24 151.10 Td (would ) Tj ET Q q 0 0 0 rg BT 276.74 151.10 Td (have ) Tj ET Q q 0 0 0 rg BT 298.12 151.10 Td (been ) Tj ET Q q 0 0 0 rg BT 319.50 151.10 Td (antidilutive:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 114.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 114.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 114.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 114.60 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 360 127.60000000000002 m 425 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 127.60000000000002 m 429 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 127.60000000000002 m 494 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 127.60000000000002 m 498 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 127.60000000000002 m 563 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 114.60000000000002 m 356 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 127.60000000000002 m 425 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 114.60000000000002 m 425 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 127.60000000000002 m 429 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 127.60000000000002 m 494 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 114.60000000000002 m 494 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 127.60000000000002 m 498 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 127.60000000000002 m 563 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 114.60000000000002 m 563 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 114.60000000000002 m 425 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 114.60000000000002 m 494 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 114.60000000000002 m 563 114.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 131.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 131.17 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 131.17 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 118.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 118.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 118.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 118.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 104.27 Td (Stock options and SARs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 104.27 Td (4,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 104.27 Td (6,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 104.27 Td (9,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 89.27 Td (Restricted stock and performance-based equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 89.27 Td (5,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 89.27 Td (5,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 89.27 Td (3,867) Tj ET Q BT /F1 10.00 Tf ET 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 713.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.89 713.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 179.62 713.25 Td (Contingencies) 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 85.87 689.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.59 689.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 155.96 689.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 200.45 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.72 689.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 257.76 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.36 689.25 Td (recording ) Tj ET Q q 0 0 0 rg BT 309.51 689.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.55 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.04 689.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 421.85 689.25 Td (such ) Tj ET Q q 0 0 0 rg BT 443.00 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 454.16 689.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 514.75 689.25 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.57 677.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 96.09 677.25 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 139.94 677.25 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 183.23 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.18 677.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 235.90 677.25 Td (when ) Tj ET Q q 0 0 0 rg BT 260.30 677.25 Td (it ) Tj ET Q q 0 0 0 rg BT 268.60 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 278.01 677.25 Td (both ) Tj ET Q q 0 0 0 rg BT 298.53 677.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 336.26 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 353.99 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.17 677.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.48 677.25 Td (has ) Tj ET Q q 0 0 0 rg BT 395.55 677.25 Td (been ) Tj ET Q q 0 0 0 rg BT 417.17 677.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 453.22 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.40 677.25 Td (such ) Tj ET Q q 0 0 0 rg BT 491.48 677.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.78 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.19 677.25 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (estimable. ) Tj ET Q q 0 0 0 rg BT 94.88 665.25 Td (Assessments ) Tj ET Q q 0 0 0 rg BT 148.63 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.59 665.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 199.45 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.29 665.25 Td (based ) Tj ET Q q 0 0 0 rg BT 239.69 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 252.33 665.25 Td (information ) Tj ET Q q 0 0 0 rg BT 302.18 665.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 339.25 665.25 Td (from ) Tj ET Q q 0 0 0 rg BT 361.33 665.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 412.83 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.91 665.25 Td (in-house ) Tj ET Q q 0 0 0 rg BT 466.98 665.25 Td (experts, ) Tj ET Q q 0 0 0 rg BT 501.00 665.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 519.20 665.25 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.52 653.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.54 653.25 Td (situations, ) Tj ET Q q 0 0 0 rg BT 132.62 653.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.74 653.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.98 653.25 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 219.04 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.73 653.25 Td (other ) Tj ET Q q 0 0 0 rg BT 258.52 653.25 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 311.84 653.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 345.80 653.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 365.26 653.25 Td (related ) Tj ET Q q 0 0 0 rg BT 394.71 653.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 435.27 653.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 478.60 653.25 Td (are ) Tj ET Q q 0 0 0 rg BT 493.05 653.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 539.16 653.25 Td (in ) 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 (financial ) Tj ET Q q 0 0 0 rg BT 86.98 641.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 131.69 641.25 Td (during ) Tj ET Q q 0 0 0 rg BT 160.30 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.02 641.25 Td (period ) Tj ET Q q 0 0 0 rg BT 203.06 641.25 Td (received ) Tj ET Q q 0 0 0 rg BT 239.43 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 250.26 641.25 Td (at ) Tj ET Q q 0 0 0 rg BT 259.97 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.69 641.25 Td (time ) Tj ET Q q 0 0 0 rg BT 294.96 641.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 324.67 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.84 641.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 381.32 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.59 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 403.53 641.25 Td (virtually ) Tj ET Q q 0 0 0 rg BT 439.92 641.25 Td (certain.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 617.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 132.27 617.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 142.63 617.25 Td (onouncements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 593.25 Td (Business Combinations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.20 593.25 Td (In January 2017, the Financial ) Tj ET Q q 0 0 0 rg BT 297.50 593.25 Td (Accounting Standards Board \(F) Tj ET Q q 0 0 0 rg BT 428.13 593.25 Td (ASB\) issued ) Tj ET Q q 0 0 0 rg BT 484.79 593.25 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (Standards Update \(ASU\) 2017-01, Business Combinations: Clarifying the Definition of a Business \(ASU 2017-01\). ) Tj ET Q q 0 0 0 rg BT 534.71 581.25 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (2017-01 clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (transactions should be accounted for as acquisitions \(or disposals\) of assets or businesses. Ef) Tj ET Q q 0 0 0 rg BT 422.30 557.25 Td (fective January 1, 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 83.10 545.25 Td (ASU 2017-01. See Note 2, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 195.32 545.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 218.74 545.25 Td (Acquisition and ) Tj ET Q q 0 0 0 rg BT 284.11 545.25 Td (Assets Held for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.94 545.25 Td (, for discussion of the impact ) Tj ET Q q 0 0 0 rg BT 482.98 545.25 Td (ASU 2017-01 had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (on our current period consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 509.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 91.22 509.25 Td (Flows. ) Tj ET Q q 0 0 0 rg BT 120.77 509.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.82 509.25 Td (In ) Tj ET Q q 0 0 0 rg BT 133.19 509.25 Td (November ) Tj ET Q q 0 0 0 rg BT 177.45 509.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 202.00 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 509.25 Td (F) Tj ET Q q 0 0 0 rg BT 221.08 509.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 242.58 509.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 269.18 509.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 291.23 509.25 Td (2016-18, ) Tj ET Q q 0 0 0 rg BT 329.10 509.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 371.14 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.52 509.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 403.57 509.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 430.07 509.25 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 459.89 509.25 Td (2016-18\). ) Tj ET Q q 0 0 0 rg BT 505.53 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.13 509.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 529.18 509.25 Td (2016-18 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (addresses ) Tj ET Q q 0 0 0 rg BT 89.77 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.94 497.25 Td (diversity ) Tj ET Q q 0 0 0 rg BT 140.88 497.25 Td (that ) Tj ET Q q 0 0 0 rg BT 157.83 497.25 Td (exists ) Tj ET Q q 0 0 0 rg BT 182.55 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.28 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.45 497.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 261.16 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.55 497.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 328.37 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.65 497.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 372.80 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.53 497.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 421.68 497.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.40 497.25 Td (on ) Tj ET Q q 0 0 0 rg BT 453.35 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.52 497.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 507.79 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.07 497.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.79 497.25 Td (flows, ) 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 66.26 485.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 100.80 485.25 Td (that ) Tj ET Q q 0 0 0 rg BT 118.12 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.88 485.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 165.53 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.18 485.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 196.28 485.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 220.83 485.25 Td (explain ) Tj ET Q q 0 0 0 rg BT 252.58 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.13 485.25 Td (change ) Tj ET Q q 0 0 0 rg BT 297.77 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.87 485.25 Td (total ) Tj ET Q q 0 0 0 rg BT 327.97 485.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 350.57 485.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 370.66 485.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 421.03 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.79 485.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 474.00 485.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.53 485.25 Td (described ) Tj ET Q q 0 0 0 rg BT 554.17 485.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 88.52 473.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 108.11 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.26 473.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 157.29 473.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 176.88 473.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 226.74 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.43 473.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 272.17 473.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 302.87 473.25 Td (will ) Tj ET Q q 0 0 0 rg BT 320.25 473.25 Td (no ) Tj ET Q q 0 0 0 rg BT 332.07 473.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 359.44 473.25 Td (present ) Tj ET Q q 0 0 0 rg BT 390.13 473.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 426.38 473.25 Td (between ) Tj ET Q q 0 0 0 rg BT 461.52 473.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.11 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.37 473.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 516.96 473.25 Td (equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.44 461.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 108.14 461.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 129.41 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.35 461.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 188.05 461.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.32 461.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 258.37 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.65 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.36 461.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 327.19 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.02 461.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 360.29 461.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 388.51 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.76 461.25 Td (This ) Tj ET Q q 0 0 0 rg BT 413.04 461.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 452.63 461.25 Td (is ) Tj ET Q q 0 0 0 rg BT 462.80 461.25 Td (ef) Tj ET Q q 0 0 0 rg BT 470.39 461.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 501.09 461.25 Td (for ) Tj ET Q q 0 0 0 rg BT 516.25 461.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 541.41 461.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 93.75 449.25 Td (after ) Tj ET Q q 0 0 0 rg BT 116.33 449.25 Td (December ) Tj ET Q q 0 0 0 rg BT 161.67 449.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 178.43 449.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 205.18 449.25 Td (including ) Tj ET Q q 0 0 0 rg BT 247.21 449.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 280.35 449.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 314.05 449.25 Td (within ) Tj ET Q q 0 0 0 rg BT 343.87 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.34 449.25 Td (year ) Tj ET Q q 0 0 0 rg BT 381.80 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.39 449.25 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 436.15 449.25 Td (with ) Tj ET Q q 0 0 0 rg BT 458.18 449.25 Td (early ) Tj ET Q q 0 0 0 rg BT 482.42 449.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 521.68 449.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 565.00 449.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 103.62 437.25 Td (does ) Tj ET Q q 0 0 0 rg BT 123.86 437.25 Td (not ) Tj ET Q q 0 0 0 rg BT 138.55 437.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 176.56 437.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 204.57 437.25 Td (that ) Tj ET Q q 0 0 0 rg BT 221.48 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.61 437.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 272.52 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.34 437.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 304.26 437.25 Td (2016-18 ) Tj ET Q q 0 0 0 rg BT 339.50 437.25 Td (will ) Tj ET Q q 0 0 0 rg BT 356.97 437.25 Td (have ) Tj ET Q q 0 0 0 rg BT 377.76 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.12 437.25 Td (material ) Tj ET Q q 0 0 0 rg BT 418.79 437.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 447.92 437.25 Td (on ) Tj ET Q q 0 0 0 rg BT 459.83 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.07 437.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 437.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 96.71 425.25 Td (other ) Tj ET Q q 0 0 0 rg BT 119.76 425.25 Td (than ) Tj ET Q q 0 0 0 rg BT 139.48 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.19 425.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 193.36 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.19 425.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 243.89 425.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 264.16 425.25 Td (on ) Tj ET Q q 0 0 0 rg BT 276.66 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.49 425.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 345.53 425.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 390.24 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.07 425.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 421.34 425.25 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 395.85 Td (Leases. ) Tj ET Q q 0 0 0 rg BT 101.13 395.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.93 395.85 Td (In ) Tj ET Q q 0 0 0 rg BT 115.05 395.85 Td (February ) Tj ET Q q 0 0 0 rg BT 153.95 395.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 179.25 395.85 Td (the ) Tj ET Q q 0 0 0 rg BT 194.26 395.85 Td (F) Tj ET Q q 0 0 0 rg BT 199.08 395.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 221.33 395.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 248.51 395.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 271.32 395.85 Td (2016-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 309.94 395.85 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.17 395.85 Td ( ) Tj ET Q q 0 0 0 rg BT 339.96 395.85 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 370.53 395.85 Td (2016-02\). ) Tj ET Q q 0 0 0 rg BT 416.93 395.85 Td ( ) Tj ET Q q 0 0 0 rg BT 419.11 395.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 441.91 395.85 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 478.04 395.85 Td (amends ) Tj ET Q q 0 0 0 rg BT 511.39 395.85 Td (the ) Tj ET Q q 0 0 0 rg BT 526.40 395.85 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.85 Td (for ) Tj ET Q q 0 0 0 rg BT 63.54 383.85 Td (lease ) Tj ET Q q 0 0 0 rg BT 85.90 383.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 132.14 383.85 Td (to ) Tj ET Q q 0 0 0 rg BT 142.30 383.85 Td (require ) Tj ET Q q 0 0 0 rg BT 172.99 383.85 Td (lease ) Tj ET Q q 0 0 0 rg BT 195.35 383.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 221.06 383.85 Td (and ) Tj ET Q q 0 0 0 rg BT 237.87 383.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 277.46 383.85 Td (to ) Tj ET Q q 0 0 0 rg BT 287.62 383.85 Td (be ) Tj ET Q q 0 0 0 rg BT 299.43 383.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 345.67 383.85 Td (on ) Tj ET Q q 0 0 0 rg BT 358.04 383.85 Td (the ) Tj ET Q q 0 0 0 rg BT 372.63 383.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 405.54 383.85 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 430.96 383.85 Td (along ) Tj ET Q q 0 0 0 rg BT 455.56 383.85 Td (with ) Tj ET Q q 0 0 0 rg BT 475.71 383.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 518.08 383.85 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.85 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.86 371.85 Td (key ) Tj ET Q q 0 0 0 rg BT 108.35 371.85 Td (leasing ) Tj ET Q q 0 0 0 rg BT 139.72 371.85 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 199.13 371.85 Td ( ) Tj ET Q q 0 0 0 rg BT 201.95 371.85 Td (The ) Tj ET Q q 0 0 0 rg BT 220.54 371.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 274.13 371.85 Td (in ) Tj ET Q q 0 0 0 rg BT 284.96 371.85 Td (this ) Tj ET Q q 0 0 0 rg BT 301.78 371.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 324.83 371.85 Td (are ) Tj ET Q q 0 0 0 rg BT 340.08 371.85 Td (ef) Tj ET Q q 0 0 0 rg BT 347.67 371.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 377.92 371.85 Td (for ) Tj ET Q q 0 0 0 rg BT 392.62 371.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 417.32 371.85 Td (years ) Tj ET Q q 0 0 0 rg BT 441.47 371.85 Td (beginning ) Tj ET Q q 0 0 0 rg BT 484.51 371.85 Td (after ) Tj ET Q q 0 0 0 rg BT 505.87 371.85 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 371.85 Td (15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 75.23 359.85 Td (and ) Tj ET Q q 0 0 0 rg BT 92.89 359.85 Td (interim ) Tj ET Q q 0 0 0 rg BT 125.00 359.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 157.66 359.85 Td (within ) Tj ET Q q 0 0 0 rg BT 186.44 359.85 Td (those ) Tj ET Q q 0 0 0 rg BT 210.77 359.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 235.65 359.85 Td (years, ) Tj ET Q q 0 0 0 rg BT 262.48 359.85 Td (and ) Tj ET Q q 0 0 0 rg BT 280.14 359.85 Td (early ) Tj ET Q q 0 0 0 rg BT 303.35 359.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 341.57 359.85 Td (is ) Tj ET Q q 0 0 0 rg BT 351.47 359.85 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 395.51 359.85 Td ( ) Tj ET Q q 0 0 0 rg BT 398.74 359.85 Td (Entities ) Tj ET Q q 0 0 0 rg BT 432.52 359.85 Td (must ) Tj ET Q q 0 0 0 rg BT 455.19 359.85 Td (adopt ) Tj ET Q q 0 0 0 rg BT 480.63 359.85 Td (the ) Tj ET Q q 0 0 0 rg BT 496.07 359.85 Td (standard ) Tj ET Q q 0 0 0 rg BT 533.17 359.85 Td (using ) Tj ET Q q 0 0 0 rg BT 558.07 359.85 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.85 Td (modified ) Tj ET Q q 0 0 0 rg BT 89.50 347.85 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 145.04 347.85 Td (transition ) Tj ET Q q 0 0 0 rg BT 186.71 347.85 Td (and ) Tj ET Q q 0 0 0 rg BT 205.05 347.85 Td (apply ) Tj ET Q q 0 0 0 rg BT 231.16 347.85 Td (the ) Tj ET Q q 0 0 0 rg BT 247.28 347.85 Td (guidance ) Tj ET Q q 0 0 0 rg BT 287.27 347.85 Td (to ) Tj ET Q q 0 0 0 rg BT 298.95 347.85 Td (the ) Tj ET Q q 0 0 0 rg BT 315.06 347.85 Td (earliest ) Tj ET Q q 0 0 0 rg BT 347.83 347.85 Td (comparative ) Tj ET Q q 0 0 0 rg BT 401.15 347.85 Td (period ) Tj ET Q q 0 0 0 rg BT 430.59 347.85 Td (presented, ) Tj ET Q q 0 0 0 rg BT 475.31 347.85 Td (with ) Tj ET Q q 0 0 0 rg BT 496.98 347.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 528.08 347.85 Td (practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.85 Td (expedients ) Tj ET Q q 0 0 0 rg BT 94.46 335.85 Td (that ) Tj ET Q q 0 0 0 rg BT 111.66 335.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 142.74 335.85 Td (may ) Tj ET Q q 0 0 0 rg BT 162.16 335.85 Td (elect ) Tj ET Q q 0 0 0 rg BT 183.23 335.85 Td (to ) Tj ET Q q 0 0 0 rg BT 193.21 335.85 Td (apply) Tj ET Q q 0 0 0 rg BT 214.77 335.85 Td (. ) Tj ET Q q 0 0 0 rg BT 219.47 335.85 Td ( ) Tj ET Q q 0 0 0 rg BT 221.67 335.85 Td (Management ) Tj ET Q q 0 0 0 rg BT 276.07 335.85 Td (is ) Tj ET Q q 0 0 0 rg BT 284.94 335.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 323.24 335.85 Td (assessing ) Tj ET Q q 0 0 0 rg BT 362.66 335.85 Td (the ) Tj ET Q q 0 0 0 rg BT 377.08 335.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 406.49 335.85 Td (the ) Tj ET Q q 0 0 0 rg BT 420.90 335.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 458.10 335.85 Td (of ) Tj ET Q q 0 0 0 rg BT 468.14 335.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 490.35 335.85 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 525.88 335.85 Td (will ) Tj ET Q q 0 0 0 rg BT 543.63 335.85 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.85 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 323.85 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 323.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.87 323.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.35 323.85 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 299.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 107.88 299.85 Td (Recognition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.48 299.85 Td ( ) Tj ET Q q 0 0 0 rg BT 165.20 299.85 Td ( ) Tj ET Q q 0 0 0 rg BT 168.92 299.85 Td (In ) Tj ET Q q 0 0 0 rg BT 180.96 299.85 Td (May ) Tj ET Q q 0 0 0 rg BT 203.01 299.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 229.22 299.85 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 299.85 Td (F) Tj ET Q q 0 0 0 rg BT 249.98 299.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 273.14 299.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 301.04 299.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 324.76 299.85 Td (2014-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 364.31 299.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 401.88 299.85 Td (fr) Tj ET Q q 0 0 0 rg BT 408.18 299.85 Td (om ) Tj ET Q q 0 0 0 rg BT 424.12 299.85 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 467.29 299.85 Td (with ) Tj ET Q q 0 0 0 rg BT 488.23 299.85 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.01 299.85 Td ( ) Tj ET Q q 0 0 0 rg BT 534.73 299.85 Td (\(ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.85 Td (2014-09\). ) Tj ET Q q 0 0 0 rg BT 95.16 287.85 Td ( ) Tj ET Q q 0 0 0 rg BT 96.76 287.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 118.82 287.85 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 154.21 287.85 Td (amends ) Tj ET Q q 0 0 0 rg BT 186.82 287.85 Td (the ) Tj ET Q q 0 0 0 rg BT 201.09 287.85 Td (guidance ) Tj ET Q q 0 0 0 rg BT 239.24 287.85 Td (for ) Tj ET Q q 0 0 0 rg BT 252.96 287.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 286.67 287.85 Td (recognition ) Tj ET Q q 0 0 0 rg BT 334.27 287.85 Td (to ) Tj ET Q q 0 0 0 rg BT 344.10 287.85 Td (replace ) Tj ET Q q 0 0 0 rg BT 375.02 287.85 Td (numerous, ) Tj ET Q q 0 0 0 rg BT 419.02 287.85 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 488.28 287.85 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 545.04 287.85 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 287.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.85 Td (core ) Tj ET Q q 0 0 0 rg BT 69.11 275.85 Td (principle ) Tj ET Q q 0 0 0 rg BT 107.06 275.85 Td (of ) Tj ET Q q 0 0 0 rg BT 117.80 275.85 Td (the ) Tj ET Q q 0 0 0 rg BT 131.89 275.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 154.31 275.85 Td (is ) Tj ET Q q 0 0 0 rg BT 163.38 275.85 Td (that ) Tj ET Q q 0 0 0 rg BT 180.79 275.85 Td (an ) Tj ET Q q 0 0 0 rg BT 192.63 275.85 Td (entity ) Tj ET Q q 0 0 0 rg BT 217.81 275.85 Td (should ) Tj ET Q q 0 0 0 rg BT 246.89 275.85 Td (recognize ) Tj ET Q q 0 0 0 rg BT 288.16 275.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 322.21 275.85 Td (for ) Tj ET Q q 0 0 0 rg BT 336.28 275.85 Td (the ) Tj ET Q q 0 0 0 rg BT 350.90 275.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 383.85 275.85 Td (of ) Tj ET Q q 0 0 0 rg BT 394.58 275.85 Td (goods ) Tj ET Q q 0 0 0 rg BT 420.88 275.85 Td (or ) Tj ET Q q 0 0 0 rg BT 431.62 275.85 Td (services ) Tj ET Q q 0 0 0 rg BT 466.23 275.85 Td (equal ) Tj ET Q q 0 0 0 rg BT 490.30 275.85 Td (to ) Tj ET Q q 0 0 0 rg BT 500.48 275.85 Td (the ) Tj ET Q q 0 0 0 rg BT 515.11 275.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 547.51 275.85 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.85 Td (it ) Tj ET Q q 0 0 0 rg BT 58.04 263.85 Td (expects ) Tj ET Q q 0 0 0 rg BT 91.01 263.85 Td (to ) Tj ET Q q 0 0 0 rg BT 101.77 263.85 Td (be ) Tj ET Q q 0 0 0 rg BT 114.19 263.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 147.17 263.85 Td (to ) Tj ET Q q 0 0 0 rg BT 157.93 263.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 189.77 263.85 Td (for ) Tj ET Q q 0 0 0 rg BT 204.42 263.85 Td (those ) Tj ET Q q 0 0 0 rg BT 228.51 263.85 Td (goods ) Tj ET Q q 0 0 0 rg BT 255.38 263.85 Td (or ) Tj ET Q q 0 0 0 rg BT 266.70 263.85 Td (services. ) Tj ET Q q 0 0 0 rg BT 304.39 263.85 Td ( ) Tj ET Q q 0 0 0 rg BT 307.16 263.85 Td (The ) Tj ET Q q 0 0 0 rg BT 325.03 263.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 348.02 263.85 Td (implements ) Tj ET Q q 0 0 0 rg BT 397.66 263.85 Td (a ) Tj ET Q q 0 0 0 rg BT 405.08 263.85 Td (five-step ) Tj ET Q q 0 0 0 rg BT 443.05 263.85 Td (process ) Tj ET Q q 0 0 0 rg BT 476.02 263.85 Td (for ) Tj ET Q q 0 0 0 rg BT 490.67 263.85 Td (customer ) Tj ET Q q 0 0 0 rg BT 530.31 263.85 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.59 251.85 Td (recognition ) Tj ET Q q 0 0 0 rg BT 131.58 251.85 Td (that ) Tj ET Q q 0 0 0 rg BT 149.02 251.85 Td (focuses ) Tj ET Q q 0 0 0 rg BT 181.45 251.85 Td (on ) Tj ET Q q 0 0 0 rg BT 193.90 251.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 226.88 251.85 Td (of ) Tj ET Q q 0 0 0 rg BT 237.66 251.85 Td (control, ) Tj ET Q q 0 0 0 rg BT 270.93 251.85 Td (as ) Tj ET Q q 0 0 0 rg BT 281.70 251.85 Td (opposed ) Tj ET Q q 0 0 0 rg BT 317.48 251.85 Td (to ) Tj ET Q q 0 0 0 rg BT 327.70 251.85 Td (transfer ) Tj ET Q q 0 0 0 rg BT 360.68 251.85 Td (of ) Tj ET Q q 0 0 0 rg BT 371.46 251.85 Td (risk ) Tj ET Q q 0 0 0 rg BT 388.91 251.85 Td (and ) Tj ET Q q 0 0 0 rg BT 405.79 251.85 Td (rewards. ) Tj ET Q q 0 0 0 rg BT 442.38 251.85 Td ( ) Tj ET Q q 0 0 0 rg BT 444.65 251.85 Td (The ) Tj ET Q q 0 0 0 rg BT 462.65 251.85 Td (amendment ) Tj ET Q q 0 0 0 rg BT 511.74 251.85 Td (also ) Tj ET Q q 0 0 0 rg BT 530.29 251.85 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.85 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 89.37 239.85 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 135.92 239.85 Td (regarding ) Tj ET Q q 0 0 0 rg BT 176.35 239.85 Td (the ) Tj ET Q q 0 0 0 rg BT 190.68 239.85 Td (nature, ) Tj ET Q q 0 0 0 rg BT 220.28 239.85 Td (amount, ) Tj ET Q q 0 0 0 rg BT 254.89 239.85 Td (timing ) Tj ET Q q 0 0 0 rg BT 283.12 239.85 Td (and ) Tj ET Q q 0 0 0 rg BT 299.67 239.85 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 346.77 239.85 Td (of ) Tj ET Q q 0 0 0 rg BT 357.21 239.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 394.86 239.85 Td (and ) Tj ET Q q 0 0 0 rg BT 411.41 239.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 431.30 239.85 Td (flows ) Tj ET Q q 0 0 0 rg BT 455.63 239.85 Td (arising ) Tj ET Q q 0 0 0 rg BT 484.96 239.85 Td (from ) Tj ET Q q 0 0 0 rg BT 506.52 239.85 Td (contracts ) Tj ET Q q 0 0 0 rg BT 544.72 239.85 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.85 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.43 227.85 Td ( ) Tj ET Q q 0 0 0 rg BT 98.32 227.85 Td (In ) Tj ET Q q 0 0 0 rg BT 108.89 227.85 Td (August ) Tj ET Q q 0 0 0 rg BT 140.67 227.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 166.06 227.85 Td (the ) Tj ET Q q 0 0 0 rg BT 181.16 227.85 Td (F) Tj ET Q q 0 0 0 rg BT 185.98 227.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 208.31 227.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 235.56 227.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 258.45 227.85 Td (2015-14, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 297.17 227.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 333.91 227.85 Td (fr) Tj ET Q q 0 0 0 rg BT 340.21 227.85 Td (om ) Tj ET Q q 0 0 0 rg BT 355.32 227.85 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 397.65 227.85 Td (with ) Tj ET Q q 0 0 0 rg BT 417.76 227.85 Td (Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.43 227.85 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 494.09 227.85 Td (2015-14\) ) Tj ET Q q 0 0 0 rg BT 538.07 227.85 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.85 Td (amends ) Tj ET Q q 0 0 0 rg BT 81.99 215.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 104.49 215.85 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 140.32 215.85 Td (and ) Tj ET Q q 0 0 0 rg BT 157.26 215.85 Td (delays ) Tj ET Q q 0 0 0 rg BT 185.30 215.85 Td (the ) Tj ET Q q 0 0 0 rg BT 200.01 215.85 Td (ef) Tj ET Q q 0 0 0 rg BT 207.60 215.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 237.30 215.85 Td (date ) Tj ET Q q 0 0 0 rg BT 256.45 215.85 Td (for ) Tj ET Q q 0 0 0 rg BT 270.61 215.85 Td (public ) Tj ET Q q 0 0 0 rg BT 298.10 215.85 Td (companies, ) Tj ET Q q 0 0 0 rg BT 345.86 215.85 Td (such ) Tj ET Q q 0 0 0 rg BT 366.69 215.85 Td (that ) Tj ET Q q 0 0 0 rg BT 384.18 215.85 Td (the ) Tj ET Q q 0 0 0 rg BT 398.89 215.85 Td (amendments ) Tj ET Q q 0 0 0 rg BT 451.93 215.85 Td (in ) Tj ET Q q 0 0 0 rg BT 462.20 215.85 Td (the ) Tj ET Q q 0 0 0 rg BT 476.37 215.85 Td (ASU ) Tj ET Q q 0 0 0 rg BT 498.87 215.85 Td (are ) Tj ET Q q 0 0 0 rg BT 513.57 215.85 Td (ef) Tj ET Q q 0 0 0 rg BT 521.16 215.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 550.86 215.85 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.47 203.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 120.22 203.85 Td (beginning ) Tj ET Q q 0 0 0 rg BT 162.52 203.85 Td (after ) Tj ET Q q 0 0 0 rg BT 183.15 203.85 Td (December ) Tj ET Q q 0 0 0 rg BT 226.54 203.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 241.35 203.85 Td (2017, ) Tj ET Q q 0 0 0 rg BT 266.17 203.85 Td (and ) Tj ET Q q 0 0 0 rg BT 282.92 203.85 Td (early ) Tj ET Q q 0 0 0 rg BT 305.21 203.85 Td (adoption ) Tj ET Q q 0 0 0 rg BT 342.52 203.85 Td (will ) Tj ET Q q 0 0 0 rg BT 360.39 203.85 Td (be ) Tj ET Q q 0 0 0 rg BT 372.13 203.85 Td (permitted ) Tj ET Q q 0 0 0 rg BT 412.77 203.85 Td (for ) Tj ET Q q 0 0 0 rg BT 426.74 203.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 458.49 203.85 Td (beginning ) Tj ET Q q 0 0 0 rg BT 500.79 203.85 Td (after ) Tj ET Q q 0 0 0 rg BT 521.42 203.85 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 64.84 191.85 Td (2016. ) Tj ET Q q 0 0 0 rg BT 90.18 191.85 Td ( ) Tj ET Q q 0 0 0 rg BT 93.02 191.85 Td (In ) Tj ET Q q 0 0 0 rg BT 104.19 191.85 Td (March, ) Tj ET Q q 0 0 0 rg BT 135.01 191.85 Td (April ) Tj ET Q q 0 0 0 rg BT 158.96 191.85 Td (and ) Tj ET Q q 0 0 0 rg BT 176.23 191.85 Td (May ) Tj ET Q q 0 0 0 rg BT 197.41 191.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 222.75 191.85 Td (the ) Tj ET Q q 0 0 0 rg BT 237.80 191.85 Td (F) Tj ET Q q 0 0 0 rg BT 242.62 191.85 Td (ASB ) Tj ET Q q 0 0 0 rg BT 264.92 191.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 292.76 191.85 Td (four ) Tj ET Q q 0 0 0 rg BT 312.26 191.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 354.46 191.85 Td (ASUs ) Tj ET Q q 0 0 0 rg BT 381.20 191.85 Td (which ) Tj ET Q q 0 0 0 rg BT 408.48 191.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 448.53 191.85 Td (clarified ) Tj ET Q q 0 0 0 rg BT 484.68 191.85 Td (the ) Tj ET Q q 0 0 0 rg BT 499.74 191.85 Td (implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.85 Td (guidance ) Tj ET Q q 0 0 0 rg BT 87.47 179.85 Td (on ) Tj ET Q q 0 0 0 rg BT 99.35 179.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 136.78 179.85 Td (versus ) Tj ET Q q 0 0 0 rg BT 164.21 179.85 Td (agent ) Tj ET Q q 0 0 0 rg BT 187.74 179.85 Td (considerations, ) Tj ET Q q 0 0 0 rg BT 249.89 179.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.29 179.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 348.61 179.85 Td (and ) Tj ET Q q 0 0 0 rg BT 364.93 179.85 Td (licensing, ) Tj ET Q q 0 0 0 rg BT 405.41 179.85 Td (collectibility) Tj ET Q q 0 0 0 rg BT 455.31 179.85 Td (, ) Tj ET Q q 0 0 0 rg BT 459.69 179.85 Td (presentation ) Tj ET Q q 0 0 0 rg BT 510.44 179.85 Td (of ) Tj ET Q q 0 0 0 rg BT 520.65 179.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 541.97 179.85 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.85 Td (and ) Tj ET Q q 0 0 0 rg BT 67.78 167.85 Td (other ) Tj ET Q q 0 0 0 rg BT 92.18 167.85 Td (similar ) Tj ET Q q 0 0 0 rg BT 123.80 167.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 148.19 167.85 Td (collected ) Tj ET Q q 0 0 0 rg BT 188.12 167.85 Td (from ) Tj ET Q q 0 0 0 rg BT 211.41 167.85 Td (customers, ) Tj ET Q q 0 0 0 rg BT 258.30 167.85 Td (and ) Tj ET Q q 0 0 0 rg BT 276.58 167.85 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 316.53 167.85 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 376.75 167.85 Td ( ) Tj ET Q q 0 0 0 rg BT 380.59 167.85 Td (Entities ) Tj ET Q q 0 0 0 rg BT 414.99 167.85 Td (can ) Tj ET Q q 0 0 0 rg BT 432.71 167.85 Td (transition ) Tj ET Q q 0 0 0 rg BT 474.33 167.85 Td (to ) Tj ET Q q 0 0 0 rg BT 485.96 167.85 Td (the ) Tj ET Q q 0 0 0 rg BT 502.02 167.85 Td (standard ) Tj ET Q q 0 0 0 rg BT 539.74 167.85 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.85 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 111.47 155.85 Td (to ) Tj ET Q q 0 0 0 rg BT 121.79 155.85 Td (each ) Tj ET Q q 0 0 0 rg BT 142.66 155.85 Td (period ) Tj ET Q q 0 0 0 rg BT 170.75 155.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 211.62 155.85 Td (or ) Tj ET Q q 0 0 0 rg BT 222.50 155.85 Td (as ) Tj ET Q q 0 0 0 rg BT 233.38 155.85 Td (a ) Tj ET Q q 0 0 0 rg BT 240.36 155.85 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 295.71 155.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 313.25 155.85 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 359.68 155.85 Td (as ) Tj ET Q q 0 0 0 rg BT 370.55 155.85 Td (of ) Tj ET Q q 0 0 0 rg BT 381.43 155.85 Td (the ) Tj ET Q q 0 0 0 rg BT 396.20 155.85 Td (date ) Tj ET Q q 0 0 0 rg BT 415.40 155.85 Td (of ) Tj ET Q q 0 0 0 rg BT 426.28 155.85 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 466.33 155.85 Td ( ) Tj ET Q q 0 0 0 rg BT 468.69 155.85 Td (W) Tj ET Q q 0 0 0 rg BT 477.33 155.85 Td (e ) Tj ET Q q 0 0 0 rg BT 484.32 155.85 Td (expect ) Tj ET Q q 0 0 0 rg BT 512.96 155.85 Td (to ) Tj ET Q q 0 0 0 rg BT 523.29 155.85 Td (adopt ) Tj ET Q q 0 0 0 rg BT 548.05 155.85 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.85 Td (standard ) Tj ET Q q 0 0 0 rg BT 85.41 143.85 Td (using ) Tj ET Q q 0 0 0 rg BT 109.11 143.85 Td (the ) Tj ET Q q 0 0 0 rg BT 123.36 143.85 Td (modified ) Tj ET Q q 0 0 0 rg BT 161.49 143.85 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 215.16 143.85 Td (method ) Tj ET Q q 0 0 0 rg BT 247.19 143.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 269.22 143.85 Td (its ) Tj ET Q q 0 0 0 rg BT 280.70 143.85 Td (ef) Tj ET Q q 0 0 0 rg BT 288.29 143.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 317.52 143.85 Td (date. ) Tj ET Q q 0 0 0 rg BT 338.71 143.85 Td ( ) Tj ET Q q 0 0 0 rg BT 340.74 143.85 Td (Management ) Tj ET Q q 0 0 0 rg BT 394.97 143.85 Td (has ) Tj ET Q q 0 0 0 rg BT 410.33 143.85 Td (substantially ) Tj ET Q q 0 0 0 rg BT 462.92 143.85 Td (completed ) Tj ET Q q 0 0 0 rg BT 506.60 143.85 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 143.85 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.85 Td (of ) Tj ET Q q 0 0 0 rg BT 59.90 131.85 Td (our ) Tj ET Q q 0 0 0 rg BT 75.30 131.85 Td (various ) Tj ET Q q 0 0 0 rg BT 106.81 131.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 140.53 131.85 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 181.20 131.85 Td ( ) Tj ET Q q 0 0 0 rg BT 183.27 131.85 Td (Based ) Tj ET Q q 0 0 0 rg BT 209.78 131.85 Td (on ) Tj ET Q q 0 0 0 rg BT 221.85 131.85 Td (the ) Tj ET Q q 0 0 0 rg BT 236.14 131.85 Td (work ) Tj ET Q q 0 0 0 rg BT 258.76 131.85 Td (performed ) Tj ET Q q 0 0 0 rg BT 302.48 131.85 Td (to ) Tj ET Q q 0 0 0 rg BT 312.33 131.85 Td (date, ) Tj ET Q q 0 0 0 rg BT 333.56 131.85 Td (we ) Tj ET Q q 0 0 0 rg BT 347.29 131.85 Td (do ) Tj ET Q q 0 0 0 rg BT 359.36 131.85 Td (not ) Tj ET Q q 0 0 0 rg BT 374.21 131.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 405.15 131.85 Td (the ) Tj ET Q q 0 0 0 rg BT 419.44 131.85 Td (standard ) Tj ET Q q 0 0 0 rg BT 455.39 131.85 Td (will ) Tj ET Q q 0 0 0 rg BT 473.02 131.85 Td (have ) Tj ET Q q 0 0 0 rg BT 493.97 131.85 Td (a ) Tj ET Q q 0 0 0 rg BT 500.48 131.85 Td (material ) Tj ET Q q 0 0 0 rg BT 535.31 131.85 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.85 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 119.85 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 119.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.87 119.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.35 119.85 Td (statements, ) Tj ET Q q 0 0 0 rg BT 215.56 119.85 Td (but ) Tj ET Q q 0 0 0 rg BT 230.84 119.85 Td (will ) Tj ET Q q 0 0 0 rg BT 248.90 119.85 Td (require ) Tj ET Q q 0 0 0 rg BT 279.71 119.85 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 319.97 119.85 Td (footnote ) Tj ET Q q 0 0 0 rg BT 355.79 119.85 Td (disclosures.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note 2. ) Tj ET Q q 0 0 0 rg BT 81.44 713.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 106.16 713.25 Td (Acquisition and ) Tj ET Q q 0 0 0 rg BT 175.63 713.25 Td (Assets Held for) Tj ET Q q 0 0 0 rg BT 240.44 713.25 Td ( Sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 74.22 689.25 Td (Acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.25 Td (On ) Tj ET Q q 0 0 0 rg BT 82.20 665.25 Td (June ) Tj ET Q q 0 0 0 rg BT 103.00 665.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 117.98 665.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 142.95 665.25 Td (we ) Tj ET Q q 0 0 0 rg BT 157.08 665.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 193.98 665.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.90 665.25 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.23 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 221.70 665.25 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 276.93 665.25 Td (working ) Tj ET Q q 0 0 0 rg BT 312.73 665.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 344.64 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.90 665.25 Td (Salt ) Tj ET Q q 0 0 0 rg BT 372.93 665.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 399.28 665.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 422.31 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.38 665.25 Td (W) Tj ET Q q 0 0 0 rg BT 441.22 665.25 Td (yoming ) Tj ET Q q 0 0 0 rg BT 474.25 665.25 Td (for ) Tj ET Q q 0 0 0 rg BT 488.39 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 508.63 665.25 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.10 653.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 120.13 653.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.13 653.25 Td (71.5 ) Tj ET Q q 0 0 0 rg BT 144.90 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.79 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 178.56 653.25 Td (before ) Tj ET Q q 0 0 0 rg BT 206.37 653.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 250.29 653.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 281.45 653.25 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 333.99 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.09 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 353.91 653.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 400.05 653.25 Td (was ) Tj ET Q q 0 0 0 rg BT 417.87 653.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 460.68 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.61 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 485.21 653.25 Td (an ) Tj ET Q q 0 0 0 rg BT 496.91 653.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 518.62 653.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.89 641.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.46 641.25 Td (with ) Tj ET Q q 0 0 0 rg BT 127.28 641.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 149.90 641.25 Td (2017-01. ) Tj ET Q q 0 0 0 rg BT 188.34 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.76 641.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 235.29 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.12 641.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 287.15 641.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 323.09 641.25 Td (were ) Tj ET Q q 0 0 0 rg BT 345.13 641.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 382.72 641.25 Td (based ) Tj ET Q q 0 0 0 rg BT 408.10 641.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 430.71 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.54 641.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.92 641.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 522.41 641.25 Td (paid, ) Tj ET Q q 0 0 0 rg BT 544.74 641.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.00 629.25 Td (value ) Tj ET Q q 0 0 0 rg BT 86.15 629.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 123.09 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.37 629.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 163.64 629.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 176.69 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.63 629.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 223.89 629.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 239.72 629.25 Td (properties.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (Assets Held for) Tj ET Q q 0 0 0 rg BT 114.31 605.25 Td ( Sale) 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 82.75 581.25 Td (began ) Tj ET Q q 0 0 0 rg BT 108.79 581.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 142.61 581.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 185.33 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.16 581.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 216.88 581.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 246.25 581.25 Td (non-productive ) Tj ET Q q 0 0 0 rg BT 309.51 581.25 Td (surface ) Tj ET Q q 0 0 0 rg BT 340.55 581.25 Td (acreage ) Tj ET Q q 0 0 0 rg BT 373.24 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.19 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.58 581.25 Td (Houston ) Tj ET Q q 0 0 0 rg BT 433.64 581.25 Td (area ) Tj ET Q q 0 0 0 rg BT 452.46 581.25 Td (during ) Tj ET Q q 0 0 0 rg BT 480.73 581.25 Td (July ) Tj ET Q q 0 0 0 rg BT 499.58 581.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 524.25 581.25 Td (which ) Tj ET Q q 0 0 0 rg BT 550.85 581.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.82 569.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 128.91 569.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 157.80 569.25 Td (during ) Tj ET Q q 0 0 0 rg BT 186.13 569.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 210.85 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.59 569.25 Td (As ) Tj ET Q q 0 0 0 rg BT 225.93 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.48 569.25 Td (December ) Tj ET Q q 0 0 0 rg BT 279.79 569.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 294.51 569.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 319.24 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.68 569.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 369.22 569.25 Td (value ) Tj ET Q q 0 0 0 rg BT 393.10 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.65 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.09 569.25 Td (land ) Tj ET Q q 0 0 0 rg BT 437.53 569.25 Td (held ) Tj ET Q q 0 0 0 rg BT 456.97 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.86 569.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 488.63 569.25 Td (was ) Tj ET Q q 0 0 0 rg BT 506.40 569.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.40 569.25 Td (33.1 ) Tj ET Q q 0 0 0 rg BT 531.13 569.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 569.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 85.61 557.25 Td (included ) Tj ET Q q 0 0 0 rg BT 122.54 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 132.82 557.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 162.53 557.25 Td (property ) Tj ET Q q 0 0 0 rg BT 198.90 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.84 557.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 264.99 557.25 Td (on ) Tj ET Q q 0 0 0 rg BT 277.49 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.32 557.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 348.60 557.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 383.30 557.25 Td (Sheets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (Note 3. ) Tj ET Q q 0 0 0 rg BT 85.94 533.25 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 133.24 533.25 Td (ement Obligations) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.60 509.25 Td (following ) Tj ET Q q 0 0 0 rg BT 130.54 509.25 Td (table ) Tj ET Q q 0 0 0 rg BT 152.03 509.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 201.85 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.13 509.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 250.39 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.22 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.61 509.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 297.10 509.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 340.25 509.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 386.75 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 400.46 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.73 509.25 Td (years ) Tj ET Q q 0 0 0 rg BT 437.89 509.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.82 509.25 Td (December ) Tj ET Q q 0 0 0 rg BT 506.96 509.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 521.52 509.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.52 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.57 509.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 497.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 53.50 460.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 460.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 460.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 460.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 460.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 53.50 430.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 430.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 430.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 430.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 430.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 53.50 400.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 400.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 400.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 400.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 400.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 53.50 370.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 370.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 370.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 370.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 370.75 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 423.5 473.75 m 488.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 473.75 m 492.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 473.75 m 557.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 460.75 m 419.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 460.75 m 488.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 460.75 m 557.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 385.75 m 488.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 385.75 m 557.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 355.75 m 488.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 355.75 m 557.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 341.75 m 488.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 339.75 m 488.5 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 341.75 m 557.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 339.75 m 557.5 339.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 477.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.45 477.32 Td (Y) Tj ET Q q 0 0 0 rg BT 444.17 477.32 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 56.00 464.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 464.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 464.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 450.42 Td (Beginning asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 450.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 450.42 Td (149,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 450.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 450.42 Td (145,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 435.42 Td (Liabilities incurred and assumed during period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 435.42 Td (2,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 435.42 Td (5,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 420.42 Td (Revisions in estimated retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 420.42 Td (6,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 420.42 Td (6,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 405.42 Td (Liabilities settled and sold during period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 405.47 Td (\(5,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 405.47 Td (\(19,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 390.42 Td (Accretion expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 390.42 Td (13,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 390.42 Td (1) Tj ET Q q 0 0 0 rg BT 531.15 390.42 Td (1,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 375.42 Td (Ending asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 375.42 Td (166,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 375.42 Td (149,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 360.42 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 234.89 364.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 360.47 Td (\(554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 360.47 Td (\(2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 360.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 345.42 Td (Long-term asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 345.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 345.42 Td (165,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 345.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 345.42 Td (146,807) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.25 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 72.00 293.25 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 115.05 293.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 151.99 293.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 176.69 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.97 293.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 213.35 293.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 266.13 293.25 Td (with ) Tj ET Q q 0 0 0 rg BT 286.40 293.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 326.12 293.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 361.94 293.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 401.64 293.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 434.68 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.96 293.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 468.57 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.51 293.25 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 269.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.87 269.25 Td (have ) Tj ET Q q 0 0 0 rg BT 109.54 269.25 Td (escrow ) Tj ET Q q 0 0 0 rg BT 140.65 269.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 178.43 269.25 Td (that ) Tj ET Q q 0 0 0 rg BT 196.21 269.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.21 269.25 Td (legally ) Tj ET Q q 0 0 0 rg BT 241.22 269.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 281.21 269.25 Td (for ) Tj ET Q q 0 0 0 rg BT 295.66 269.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.66 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.78 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.90 269.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 375.13 269.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 419.01 269.25 Td (obligations.) Tj ET Q q 0 0 0 rg BT 470.78 269.25 Td (The ) Tj ET Q q 0 0 0 rg BT 489.11 269.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 526.33 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.45 269.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 257.25 Td (escrow ) Tj ET Q q 0 0 0 rg BT 85.34 257.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 123.35 257.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.80 257.25 Td ($40.6 ) Tj ET Q q 0 0 0 rg BT 171.32 257.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.22 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.24 257.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.70 257.25 Td ($39.3 ) Tj ET Q q 0 0 0 rg BT 246.22 257.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.11 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.14 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 289.49 257.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.84 257.25 Td (December ) Tj ET Q q 0 0 0 rg BT 344.95 257.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 360.47 257.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.47 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.49 257.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.95 257.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.95 257.25 Td (, ) Tj ET Q q 0 0 0 rg BT 426.48 257.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 474.14 257.25 Td (.) Tj ET Q q 0 0 0 rg BT 481.46 257.25 Td (These ) Tj ET Q q 0 0 0 rg BT 508.36 257.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 545.80 257.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 245.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 93.23 245.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 128.57 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.36 245.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 158.01 245.25 Td (T) Tj ET Q q 0 0 0 rg BT 163.77 245.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 195.21 245.25 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 223.62 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.84 245.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 274.83 245.25 Td (at ) Tj ET Q q 0 0 0 rg BT 284.06 245.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 326.05 245.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 344.17 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.63 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 374.85 245.25 Td (included ) Tj ET Q q 0 0 0 rg BT 411.30 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.09 245.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 450.31 245.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 480.09 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 489.88 245.25 Td (our ) Tj ET Q q 0 0 0 rg BT 505.23 245.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 233.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 89.15 233.25 Td (Sheets.) Tj ET Q q 0 0 0 rg BT 122.58 233.25 Td (The ) Tj ET Q q 0 0 0 rg BT 141.07 233.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 177.33 233.25 Td (value ) Tj ET Q q 0 0 0 rg BT 201.93 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.21 233.25 Td (these ) Tj ET Q q 0 0 0 rg BT 236.71 233.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 287.43 233.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 344.24 233.25 Td (their ) Tj ET Q q 0 0 0 rg BT 365.52 233.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 406.78 233.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 423.61 233.25 Td (market ) Tj ET Q q 0 0 0 rg BT 454.32 233.25 Td (value ) Tj ET Q q 0 0 0 rg BT 478.92 233.25 Td (as ) Tj ET Q q 0 0 0 rg BT 490.20 233.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.47 233.25 Td (December ) Tj ET Q q 0 0 0 rg BT 545.50 233.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 221.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 221.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 221.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.44 221.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.44 221.25 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 (Note 4. 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rg BT 506.42 689.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 677.25 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.44 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.16 677.25 Td (year ) Tj ET Q q 0 0 0 rg BT 125.86 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.14 677.25 Td (which ) Tj ET Q q 0 0 0 rg BT 163.08 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.80 677.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 200.30 677.25 Td (were ) Tj ET Q q 0 0 0 rg BT 222.22 677.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 258.04 677.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 621.75 159.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 208.00 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 212.00 621.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 277.00 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 281.00 621.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 346.00 621.75 4.00 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 636.75 m 415 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 636.75 m 419 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 636.75 m 493 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 621.75 m 208 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 621.75 m 277 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 621.75 m 346 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 621.75 m 415 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 621.75 m 493 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 621.75 m 562 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 621.75 m 277 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 621.75 m 346 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 621.75 m 415 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 621.75 m 493 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 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m 493 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 562.75 m 562 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 560.75 m 562 560.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 656.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.20 656.42 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 641.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.85 641.42 Td (Costs Incurred During:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 641.42 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 626.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.00 626.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 626.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 626.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.75 626.42 Td (2014 and Prior) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.75 626.42 Td (T) Tj ET Q q 0 0 0 rg BT 524.16 626.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 611.42 Td (Property acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 611.42 Td (8,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 611.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 611.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 611.42 Td (583,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 611.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 611.42 Td (591,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 596.42 Td (Exploration and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 596.42 Td (6,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 596.42 Td (20,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 596.42 Td (24,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 596.42 Td (165,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 596.42 Td (217,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 581.42 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 581.42 Td (30,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 581.42 Td (25,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 581.42 Td (28,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 581.42 Td (57,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 581.42 Td (141,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 566.42 Td (T) Tj ET Q q 0 0 0 rg BT 68.91 566.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 566.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 566.42 Td (46,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 566.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 566.42 Td (45,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 566.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 566.42 Td (52,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 566.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 566.42 Td (806,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 566.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 566.42 Td (951,397) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 538.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.23 538.25 Td (property ) Tj ET Q q 0 0 0 rg BT 121.28 538.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 167.34 538.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.51 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 203.35 538.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 225.52 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.14 538.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 263.75 538.25 Td (were ) Tj ET Q q 0 0 0 rg BT 285.35 538.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 324.74 538.25 Td (related ) Tj ET Q q 0 0 0 rg BT 354.12 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.07 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.46 538.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 394.52 538.25 Td (value ) Tj ET Q q 0 0 0 rg BT 418.35 538.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 456.61 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.56 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.96 538.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 518.67 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 538.25 Td (interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.56 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.07 526.25 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 103.23 526.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 129.67 526.25 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 170.17 526.25 Td (\(CCA\) ) Tj ET Q q 0 0 0 rg BT 209.55 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.28 526.25 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 262.77 526.25 Td (Draw) Tj ET Q q 0 0 0 rg BT 284.33 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 290.12 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 301.73 526.25 Td (well ) Tj ET Q q 0 0 0 rg BT 322.24 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 333.85 526.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 347.74 524.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.99 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 354.28 526.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 386.44 526.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 424.71 526.25 Td (at ) Tj ET Q q 0 0 0 rg BT 435.22 526.25 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 467.94 526.25 Td (Field. ) Tj ET Q q 0 0 0 rg BT 494.29 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.57 526.25 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 548.07 526.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (development ) Tj ET Q q 0 0 0 rg BT 103.10 514.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.05 514.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 153.12 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 163.40 514.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 213.67 514.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 255.60 514.25 Td (are ) Tj ET Q q 0 0 0 rg BT 269.76 514.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 308.93 514.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 351.97 514.25 Td (with ) Tj ET Q q 0 0 0 rg BT 371.70 514.25 Td (ourtertiary ) Tj ET Q q 0 0 0 rg BT 418.36 514.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 430.87 514.25 Td (fields ) Tj ET Q q 0 0 0 rg BT 455.03 514.25 Td (that ) Tj ET Q q 0 0 0 rg BT 471.98 514.25 Td (are ) Tj ET Q q 0 0 0 rg BT 486.14 514.25 Td (under ) Tj ET Q q 0 0 0 rg BT 510.86 514.25 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (but ) Tj ET Q q 0 0 0 rg BT 64.06 502.25 Td (did ) Tj ET Q q 0 0 0 rg BT 78.62 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 93.18 502.25 Td (have ) Tj ET Q q 0 0 0 rg BT 113.84 502.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 143.39 502.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 177.93 502.25 Td (at ) Tj ET Q q 0 0 0 rg BT 186.93 502.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 244.80 502.25 Td (2017.) Tj ET Q q 0 0 0 rg BT 272.12 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 289.45 502.25 Td (most ) Tj ET Q q 0 0 0 rg BT 310.68 502.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 354.67 502.25 Td (development ) Tj ET Q q 0 0 0 rg BT 408.10 502.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 429.89 502.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 464.98 502.25 Td (during ) Tj ET Q q 0 0 0 rg BT 492.87 502.25 Td (each ) Tj ET Q q 0 0 0 rg BT 512.97 502.25 Td (period ) Tj ET Q q 0 0 0 rg BT 540.30 502.25 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.10 490.25 Td (development ) Tj ET Q q 0 0 0 rg BT 112.57 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.16 490.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 169.51 490.25 Td (for ) Tj ET Q q 0 0 0 rg BT 182.99 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.03 490.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.92 488.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.17 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.99 490.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 242.81 490.25 Td (at ) Tj ET Q q 0 0 0 rg BT 251.71 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 260.35 490.25 Td (ebster ) Tj ET Q q 0 0 0 rg BT 286.05 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.30 490.25 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 331.33 490.25 Td (fields. ) Tj ET Q q 0 0 0 rg BT 357.86 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.55 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 368.19 490.25 Td (e ) Tj ET Q q 0 0 0 rg BT 374.45 490.25 Td (have ) Tj ET Q q 0 0 0 rg BT 395.14 490.25 Td (not ) Tj ET Q q 0 0 0 rg BT 409.74 490.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 423.78 490.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 469.46 490.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 499.04 490.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 529.74 490.25 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 478.25 Td (these ) Tj ET Q q 0 0 0 rg BT 82.83 478.25 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 454.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 91.90 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 106.28 454.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 151.76 454.25 Td (into ) Tj ET Q q 0 0 0 rg BT 169.48 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.87 454.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 236.58 454.25 Td (base ) Tj ET Q q 0 0 0 rg BT 256.52 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 268.69 454.25 Td (an ) Tj ET Q q 0 0 0 rg BT 280.30 454.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 315.24 454.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 337.41 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.92 454.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 381.74 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.12 454.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 436.60 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.21 454.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 483.15 454.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 518.08 454.25 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.82 442.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 111.90 442.25 Td (determined.) Tj ET Q q 0 0 0 rg BT 164.20 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 172.84 442.25 Td (e ) Tj ET Q q 0 0 0 rg BT 181.26 442.25 Td (review ) Tj ET Q q 0 0 0 rg BT 212.46 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.66 442.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 268.74 442.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 312.71 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 328.35 442.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 378.44 442.25 Td (at ) Tj ET Q q 0 0 0 rg BT 389.64 442.25 Td (lea) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 401.30 449.18 163.70 -9.09 re f /GS0 gs q 0 0 0 rg BT 401.30 442.25 Td (st ) Tj ET Q q 0 0 0 rg BT 411.95 442.25 Td (annually) Tj ET Q q 0 0 0 rg BT 445.74 442.25 Td (.) Tj ET Q q 0 0 0 rg BT 453.06 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 461.69 442.25 Td (e ) Tj ET Q q 0 0 0 rg BT 470.12 442.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 510.20 442.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 547.50 442.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 437.18 515.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 430.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 93.47 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.12 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.66 430.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 154.86 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.51 430.25 Td (these ) Tj ET Q q 0 0 0 rg BT 188.38 430.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 230.69 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.45 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.98 430.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 300.97 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.62 430.25 Td (their ) Tj ET Q q 0 0 0 rg BT 332.27 430.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 354.59 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.69 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.22 430.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 432.08 430.25 Td (base ) Tj ET Q q 0 0 0 rg BT 452.17 430.25 Td (is ) Tj ET Q q 0 0 0 rg BT 461.16 430.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 499.02 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.11 430.25 Td (be ) Tj ET Q q 0 0 0 rg BT 520.87 430.25 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 425.18 28.01 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 418.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 77.51 425.18 15.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 77.51 418.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 93.06 425.18 12.69 -9.09 re f /GS0 gs q 0 0 0 rg BT 93.06 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.52 418.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 105.75 425.18 12.22 -9.09 re f /GS0 gs q 0 0 0 rg BT 105.75 418.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 117.97 425.18 23.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 117.97 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.42 418.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.52 418.25 Td (. ) Tj ET Q q 0 0 0 rg BT 148.98 418.25 Td (Until ) Tj ET Q q 0 0 0 rg BT 171.99 418.25 Td (we ) Tj ET Q q 0 0 0 rg BT 186.11 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 200.77 418.25 Td (able ) Tj ET Q q 0 0 0 rg BT 219.88 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.12 418.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 272.55 418.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 307.21 418.25 Td (there ) Tj ET Q q 0 0 0 rg BT 329.66 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.32 418.25 Td (any ) Tj ET Q q 0 0 0 rg BT 361.21 418.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 391.44 418.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 426.65 418.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 474.65 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.88 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.55 418.25 Td (above ) Tj ET Q q 0 0 0 rg BT 525.89 418.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 550.84 418.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 406.25 Td (not ) Tj ET Q q 0 0 0 rg BT 79.49 406.25 Td (able ) Tj ET Q q 0 0 0 rg BT 98.64 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.92 406.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 135.86 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.58 406.25 Td (future ) Tj ET Q q 0 0 0 rg BT 176.96 406.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 206.67 406.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.17 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.88 406.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 286.92 406.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 304.41 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.24 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.95 406.25 Td (full ) Tj ET Q q 0 0 0 rg BT 346.34 406.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 364.95 406.25 Td (pool.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note 5. Long-T) Tj ET Q q 0 0 0 rg BT 113.30 713.25 Td (erm Debt) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.98 689.25 Td (table ) Tj ET Q q 0 0 0 rg BT 106.36 689.25 Td (below ) Tj ET Q q 0 0 0 rg BT 132.73 689.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 164.09 689.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 205.46 689.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 224.62 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.99 689.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 269.58 689.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 291.50 689.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 337.89 689.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 386.49 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.76 689.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.02 689.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 465.04 689.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.04 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 486.98 689.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.36 689.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.36 689.25 Td (, ) Tj ET Q q 0 0 0 rg BT 527.80 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.17 689.25 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (not ) Tj ET Q q 0 0 0 rg BT 64.54 677.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 92.33 677.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 142.35 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.38 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.86 677.25 Td (January ) Tj ET Q q 0 0 0 rg BT 200.21 677.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 222.47 677.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 262.48 677.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.07 677.25 Td ($174.3 ) Tj ET Q q 0 0 0 rg BT 302.83 677.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.72 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.97 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.56 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 360.15 677.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 394.07 677.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 420.77 677.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 474.68 677.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 498.05 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 511.96 677.25 Td (an ) Tj ET Q q 0 0 0 rg BT 523.66 677.25 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td ($133.5 ) Tj ET Q q 0 0 0 rg BT 79.53 665.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.42 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.96 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.82 665.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 164.34 665.25 Td (9% ) Tj ET Q q 0 0 0 rg BT 187.70 665.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 216.34 665.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 251.08 665.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 283.05 665.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 303.91 665.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 329.77 665.25 Td (due ) Tj ET Q q 0 0 0 rg BT 346.74 665.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 369.27 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.24 665.25 Td (new ) Tj ET Q q 0 0 0 rg BT 405.43 665.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 421.29 665.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 471.04 665.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 499.68 665.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 525.54 665.25 Td (due ) Tj ET Q q 0 0 0 rg BT 542.51 665.25 Td (2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.10 653.25 Td (December ) Tj ET Q q 0 0 0 rg BT 111.69 653.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 134.19 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.69 653.25 Td (January ) Tj ET Q q 0 0 0 rg BT 186.96 653.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 209.46 653.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 230.84 653.25 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.16 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.66 653.25 Td (below\):) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 616.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 616.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 616.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 586.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 586.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 586.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 556.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 556.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 556.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 556.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 556.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 526.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 526.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 526.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 526.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 526.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 496.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 496.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 496.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 466.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 466.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 466.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 436.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 436.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 436.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 406.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 406.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 406.75 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 427.5 629.75 m 492.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 629.75 m 496.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 629.75 m 561.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 616.75 m 423.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 629.75 m 492.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 616.75 m 492.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 629.75 m 496.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 629.75 m 561.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 616.75 m 561.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 616.75 m 423.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 466.75 m 492.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 466.75 m 561.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 421.75 m 492.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 421.75 m 561.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 391.75 m 492.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 391.75 m 561.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 391.75 m 492.5 391.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 377.75 m 492.5 377.75 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 496.5 377.75 m 561.5 377.75 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 633.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.95 633.32 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 620.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 620.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 620.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 606.42 Td (Senior Secured Bank Credit ) Tj ET Q q 0 0 0 rg BT 166.14 606.42 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 606.42 Td (475,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 606.42 Td (301,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 591.42 Td (9% Senior Secured Second Lien Notes due 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 591.42 Td (614,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 591.42 Td (614,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 576.42 Td (9% Senior Secured Second Lien Notes due 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 576.42 Td (381,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 561.42 Td (3% Convertible Senior Notes due 2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 561.42 Td (84,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 561.42 Td () Tj ET Q /GS0 gs q 170.53 0 0 9.09 52.00 544.26 cm /I26 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 546.42 Td (215,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 546.42 Td (215,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 531.42 Td (5% Senior Subordinated Notes due 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 531.42 Td (408,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 531.42 Td (772,912) Tj ET Q /GS0 gs q 170.53 0 0 9.09 52.00 514.26 cm /I27 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 516.42 Td (376,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 516.42 Td (622,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 501.42 Td (Other Senior Subordinated Notes, including premium of $0 and $3, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 501.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 501.42 Td (2,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 486.42 Td (Pipeline financings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 486.42 Td (192,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 486.42 Td (202,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 471.42 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 471.42 Td (26,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 471.42 Td (48,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 456.42 Td (T) Tj ET Q q 0 0 0 rg BT 69.76 456.42 Td (otal debt principal balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 456.42 Td (2,775,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 456.42 Td (2,779,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 441.42 Td (Future interest payable ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 146.14 445.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 441.42 Td (316,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 441.42 Td (228,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 426.42 Td (Debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 426.47 Td (\(7,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 426.47 Td (\(15,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 411.42 Td (T) Tj ET Q q 0 0 0 rg BT 69.76 411.42 Td (otal debt, net of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 411.42 Td (3,084,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 411.42 Td (2,993,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 396.42 Td (Less: current maturities of long-term debt ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 221.39 400.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 396.47 Td (\(105,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 396.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 396.47 Td (\(83,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 396.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 381.42 Td (Long-term debt and capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 381.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 381.42 Td (2,979,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 381.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 381.42 Td (2,909,732) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 96.45 353.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 128.72 353.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 162.66 353.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 206.04 353.25 Td (most ) Tj ET Q q 0 0 0 rg BT 228.33 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.50 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.55 353.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 286.83 353.25 Td (due ) Tj ET Q q 0 0 0 rg BT 304.11 353.25 Td (over ) Tj ET Q q 0 0 0 rg BT 324.72 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.77 353.25 Td (term ) Tj ET Q q 0 0 0 rg BT 360.94 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.11 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 388.28 353.25 Td (9% ) Tj ET Q q 0 0 0 rg BT 404.45 353.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 433.40 353.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 468.45 353.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 500.73 353.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 521.90 353.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 548.07 353.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 89.11 341.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 106.27 341.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 132.32 341.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 160.04 341.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 193.86 341.25 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 229.08 341.25 Td (9% ) Tj ET Q q 0 0 0 rg BT 251.52 341.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 279.24 341.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 313.06 341.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 344.11 341.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 364.05 341.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.99 341.25 Td (due ) Tj ET Q q 0 0 0 rg BT 405.04 341.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 426.66 341.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 443.82 341.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 469.87 341.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 497.59 341.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 531.41 341.25 Td (Notes\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.57 329.25 Td (3% ) Tj ET Q q 0 0 0 rg BT 108.03 329.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 157.87 329.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 186.61 329.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 212.57 329.25 Td (due ) Tj ET Q q 0 0 0 rg BT 229.64 329.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 252.27 329.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 270.45 329.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 297.52 329.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 347.36 329.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 376.10 329.25 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 412.33 329.25 Td (which ) Tj ET Q q 0 0 0 rg BT 439.40 329.25 Td (has ) Tj ET Q q 0 0 0 rg BT 455.36 329.25 Td (been ) Tj ET Q q 0 0 0 rg BT 476.87 329.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 520.03 329.25 Td (for ) Tj ET Q q 0 0 0 rg BT 534.32 329.25 Td (as ) Tj ET Q q 0 0 0 rg BT 545.29 329.25 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 78.03 317.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 125.75 317.25 Td (with ) Tj ET Q q 0 0 0 rg BT 146.28 317.25 Td (F) Tj ET Q q 0 0 0 rg BT 151.10 317.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 173.30 317.25 Td (470-60, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 206.88 317.25 Td (T) Tj ET Q q 0 0 0 rg BT 211.89 317.25 Td (r) Tj ET Q q 0 0 0 rg BT 215.42 317.25 Td (oubled ) Tj ET Q q 0 0 0 rg BT 245.38 317.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 267.58 317.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 325.32 317.25 Td (by ) Tj ET Q q 0 0 0 rg BT 337.52 317.25 Td (Debtors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.74 317.25 Td (. ) Tj ET Q q 0 0 0 rg BT 374.99 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 377.74 317.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 396.05 317.25 Td (current ) Tj ET Q q 0 0 0 rg BT 427.12 317.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 469.86 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.94 317.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 523.13 317.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 543.10 317.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.18 317.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 305.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 126.27 305.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.27 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.95 305.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.07 305.25 Td ($75.3 ) Tj ET Q q 0 0 0 rg BT 206.25 305.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.14 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.82 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.84 305.25 Td (future ) Tj ET Q q 0 0 0 rg BT 275.40 305.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 307.51 305.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 341.29 305.25 Td (related ) Tj ET Q q 0 0 0 rg BT 371.18 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 381.64 305.25 Td (these ) Tj ET Q q 0 0 0 rg BT 404.87 305.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 428.66 305.25 Td (that ) Tj ET Q q 0 0 0 rg BT 446.34 305.25 Td (is ) Tj ET Q q 0 0 0 rg BT 455.69 305.25 Td (due ) Tj ET Q q 0 0 0 rg BT 472.81 305.25 Td (within ) Tj ET Q q 0 0 0 rg BT 501.05 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.95 305.25 Td (next ) Tj ET Q q 0 0 0 rg BT 535.85 305.25 Td (twelve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.25 Td (months. ) Tj ET Q q 0 0 0 rg BT 101.95 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.45 293.25 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 121.39 293.25 Td (December ) Tj ET Q q 0 0 0 rg BT 164.98 293.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 187.48 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.98 293.25 Td (January ) Tj ET Q q 0 0 0 rg BT 240.24 293.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 262.74 293.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 284.13 293.25 Td (Exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.95 293.25 Td (below ) Tj ET Q q 0 0 0 rg BT 356.88 293.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.04 293.25 Td (further ) Tj ET Q q 0 0 0 rg BT 400.75 293.25 Td (discussion.) 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 86.40 269.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 122.53 269.25 Td (parent ) Tj ET Q q 0 0 0 rg BT 150.87 269.25 Td (company ) Tj ET Q q 0 0 0 rg BT 190.88 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.02 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.71 269.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 259.82 269.25 Td (structure, ) Tj ET Q q 0 0 0 rg BT 300.66 269.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 339.01 269.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 383.46 269.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 402.09 269.25 Td (\(DRI\), ) Tj ET Q q 0 0 0 rg BT 440.70 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 450.73 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.30 269.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 485.77 269.25 Td (issuer ) Tj ET Q q 0 0 0 rg BT 512.46 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.14 269.25 Td (all ) Tj ET Q q 0 0 0 rg BT 537.50 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 269.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.66 257.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 127.59 257.25 Td (secured, ) Tj ET Q q 0 0 0 rg BT 164.12 257.25 Td (senior) Tj ET Q q 0 0 0 rg BT 188.16 257.25 Td (, ) Tj ET Q q 0 0 0 rg BT 194.15 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.09 257.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 240.02 257.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 295.17 257.25 Td (notes.DRI ) Tj ET Q q 0 0 0 rg BT 344.49 257.25 Td (has ) Tj ET Q q 0 0 0 rg BT 361.31 257.25 Td (no ) Tj ET Q q 0 0 0 rg BT 374.81 257.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 427.17 257.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 454.00 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 465.82 257.25 Td (operations.Each ) Tj ET Q q 0 0 0 rg BT 538.46 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 257.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.58 245.25 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 138.76 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.06 245.25 Td (such ) Tj ET Q q 0 0 0 rg BT 171.36 245.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 195.44 245.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.08 245.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.41 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.38 245.25 Td (owned, ) Tj ET Q q 0 0 0 rg BT 263.51 245.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 297.03 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 308.33 245.25 Td (indirectly) Tj ET Q q 0 0 0 rg BT 346.00 245.25 Td (, ) Tj ET Q q 0 0 0 rg BT 351.47 245.25 Td (by ) Tj ET Q q 0 0 0 rg BT 364.44 245.25 Td (DRI, ) Tj ET Q q 0 0 0 rg BT 387.13 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.54 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.73 245.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 465.46 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.76 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.95 245.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 516.03 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 531.20 245.25 Td (full ) Tj ET Q q 0 0 0 rg BT 548.06 245.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (unconditional ) Tj ET Q q 0 0 0 rg BT 106.37 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.68 233.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 142.89 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.20 233.25 Td (several; ) Tj ET Q q 0 0 0 rg BT 192.17 233.25 Td (any ) Tj ET Q q 0 0 0 rg BT 208.48 233.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 257.58 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.78 233.25 Td (DRI ) Tj ET Q q 0 0 0 rg BT 286.88 233.25 Td (that ) Tj ET Q q 0 0 0 rg BT 303.75 233.25 Td (are ) Tj ET Q q 0 0 0 rg BT 317.83 233.25 Td (not ) Tj ET Q q 0 0 0 rg BT 332.48 233.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 375.47 233.25 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 419.55 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.75 233.25 Td (such ) Tj ET Q q 0 0 0 rg BT 449.96 233.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 472.94 233.25 Td (are ) Tj ET Q q 0 0 0 rg BT 487.02 233.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 512.79 233.25 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 209.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.60 209.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 103.86 209.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 116.36 209.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 141.65 209.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 153.13 209.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 171.74 209.25 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.25 Td (In ) Tj ET Q q 0 0 0 rg BT 79.62 185.25 Td (December ) Tj ET Q q 0 0 0 rg BT 124.50 185.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 150.79 185.25 Td (we ) Tj ET Q q 0 0 0 rg BT 166.25 185.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 199.46 185.25 Td (into ) Tj ET Q q 0 0 0 rg BT 218.81 185.25 Td (an ) Tj ET Q q 0 0 0 rg BT 231.21 185.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 273.88 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.11 185.25 Td (Restated ) Tj ET Q q 0 0 0 rg BT 330.33 185.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 358.29 185.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 406.50 185.25 Td (with ) Tj ET Q q 0 0 0 rg BT 428.07 185.25 Td (JPMor) Tj ET Q q 0 0 0 rg BT 454.57 185.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 472.80 185.25 Td (Chase ) Tj ET Q q 0 0 0 rg BT 501.03 185.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 528.43 185.25 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 554.17 185.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 109.97 173.25 Td (agent, ) Tj ET Q q 0 0 0 rg BT 137.39 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.09 173.25 Td (other ) Tj ET Q q 0 0 0 rg BT 178.90 173.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 211.05 173.25 Td (party ) Tj ET Q q 0 0 0 rg BT 234.86 173.25 Td (thereto ) Tj ET Q q 0 0 0 rg BT 265.88 173.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 284.70 173.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 313.51 173.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 341.05 173.25 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 399.00 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.03 173.25 Td (The ) Tj ET Q q 0 0 0 rg BT 420.84 173.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 445.21 173.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 472.75 173.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 520.44 173.25 Td (is ) Tj ET Q q 0 0 0 rg BT 530.38 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 538.08 173.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 82.82 161.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 123.94 161.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 149.49 161.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 180.59 161.25 Td (with ) Tj ET Q q 0 0 0 rg BT 201.16 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 208.39 161.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 245.05 161.25 Td (date ) Tj ET Q q 0 0 0 rg BT 264.50 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.61 161.25 Td (December ) Tj ET Q q 0 0 0 rg BT 319.49 161.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 329.77 161.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 355.06 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.85 161.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 385.62 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.63 161.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 424.52 161.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 451.69 161.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 501.40 161.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 528.62 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.74 161.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.49 149.25 Td (available ) Tj ET Q q 0 0 0 rg BT 101.35 149.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.91 149.25 Td (an ) Tj ET Q q 0 0 0 rg BT 122.13 149.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 162.77 149.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 194.54 149.25 Td (not ) Tj ET Q q 0 0 0 rg BT 209.10 149.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.66 149.25 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.19 149.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 269.97 149.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.86 149.25 Td (, ) Tj ET Q q 0 0 0 rg BT 303.14 149.25 Td (which ) Tj ET Q q 0 0 0 rg BT 329.36 149.25 Td (may ) Tj ET Q q 0 0 0 rg BT 348.35 149.25 Td (be ) Tj ET Q q 0 0 0 rg BT 359.57 149.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 399.10 149.25 Td (at ) Tj ET Q q 0 0 0 rg BT 408.10 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.09 149.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 439.98 149.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 481.19 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.30 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.30 149.25 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (agent, ) Tj ET Q q 0 0 0 rg BT 75.70 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.19 137.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 135.89 137.25 Td (swingline ) Tj ET Q q 0 0 0 rg BT 176.83 137.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 199.99 137.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.24 137.25 Td (available ) Tj ET Q q 0 0 0 rg BT 252.38 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.21 137.25 Td (an ) Tj ET Q q 0 0 0 rg BT 273.69 137.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 314.60 137.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 346.65 137.25 Td (not ) Tj ET Q q 0 0 0 rg BT 361.47 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.30 137.25 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 137.25 Td ($25 ) Tj ET Q q 0 0 0 rg BT 418.15 137.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.04 137.25 Td (, ) Tj ET Q q 0 0 0 rg BT 451.59 137.25 Td (each ) Tj ET Q q 0 0 0 rg BT 471.95 137.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 502.33 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.15 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.42 137.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 105.53 125.25 Td (under ) Tj ET Q q 0 0 0 rg BT 129.90 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.71 125.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 166.41 125.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 192.65 125.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 241.16 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 242.64 125.25 Td (The ) Tj ET Q q 0 0 0 rg BT 259.78 125.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 282.49 125.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 308.72 125.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 354.74 125.25 Td (is ) Tj ET Q q 0 0 0 rg BT 363.01 125.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 408.46 125.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 436.17 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.20 125.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 489.89 125.25 Td (by ) Tj ET Q q 0 0 0 rg BT 501.49 125.25 Td (each ) Tj ET Q q 0 0 0 rg BT 521.40 125.25 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 113.25 Td (DRI ) Tj ET Q q 0 0 0 rg BT 79.72 113.25 Td (that ) Tj ET Q q 0 0 0 rg BT 97.05 113.25 Td (is ) Tj ET Q q 0 0 0 rg BT 106.05 113.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 131.72 113.25 Td (owned, ) Tj ET Q q 0 0 0 rg BT 163.21 113.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 196.09 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.75 113.25 Td (indirectly) Tj ET Q q 0 0 0 rg BT 244.42 113.25 Td (, ) Tj ET Q q 0 0 0 rg BT 249.26 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 261.59 113.25 Td (DRI ) Tj ET Q q 0 0 0 rg BT 281.15 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.92 113.25 Td (is ) Tj ET Q q 0 0 0 rg BT 306.92 113.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 339.79 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 352.13 113.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 366.12 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.89 113.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 417.44 113.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 448.66 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.32 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 474.99 113.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 505.09 113.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 517.98 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 113.25 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.74 101.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 108.64 101.25 Td (held ) Tj ET Q q 0 0 0 rg BT 128.77 101.25 Td (through ) Tj ET Q q 0 0 0 rg BT 162.80 101.25 Td (DRI) Tj ET Q q 0 0 0 rg BT 182.80 101.25 Td (s ) Tj ET Q q 0 0 0 rg BT 189.60 101.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.72 101.25 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 282.63 101.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 297.20 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.33 101.25 Td (pledge ) Tj ET Q q 0 0 0 rg BT 341.90 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.15 101.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 381.06 101.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 417.29 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.54 101.25 Td (such ) Tj ET Q q 0 0 0 rg BT 449.78 101.25 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 502.69 101.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 517.27 101.25 Td (a ) Tj ET Q q 0 0 0 rg BT 524.62 101.25 Td (pledge ) Tj ET Q q 0 0 0 rg BT 554.19 101.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.87 89.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 140.67 89.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 189.02 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.16 89.25 Td (DRI ) Tj ET Q q 0 0 0 rg BT 220.20 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.46 89.25 Td (such ) Tj ET Q q 0 0 0 rg BT 258.61 89.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 308.64 89.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 323.12 89.25 Td (applicable\); ) Tj ET Q q 0 0 0 rg BT 373.13 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.39 89.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 404.87 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 412.12 89.25 Td (pledge ) Tj ET Q q 0 0 0 rg BT 441.59 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.74 89.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 484.45 89.25 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 524.75 89.25 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 86.99 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.92 77.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 151.98 77.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 189.46 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.29 77.25 Td (DRI ) Tj ET Q q 0 0 0 rg BT 220.01 77.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.95 77.25 Td (such ) Tj ET Q q 0 0 0 rg BT 257.78 77.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 307.50 77.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 321.66 77.25 Td (applicable\).) 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 67.50 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.99 713.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 110.04 713.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 137.33 713.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 184.70 713.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 210.43 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.70 713.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 255.20 713.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 268.42 713.10 Td (among ) Tj ET Q q 0 0 0 rg BT 298.58 713.10 Td (other ) Tj ET Q q 0 0 0 rg BT 322.07 713.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 351.97 713.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 375.46 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.84 713.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 417.99 713.10 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 475.37 713.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 498.86 713.10 Td (liens; ) Tj ET Q q 0 0 0 rg BT 523.47 713.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 554.73 713.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.88 701.10 Td (mer) Tj ET Q q 0 0 0 rg BT 94.25 701.10 Td (gers, ) Tj ET Q q 0 0 0 rg BT 115.59 701.10 Td (consolidations, ) Tj ET Q q 0 0 0 rg BT 178.05 701.10 Td (liquidations ) Tj ET Q q 0 0 0 rg BT 227.45 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.08 701.10 Td (dissolutions; ) Tj ET Q q 0 0 0 rg BT 296.82 701.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 327.32 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.28 701.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 358.90 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.42 701.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 397.71 701.10 Td (make ) Tj ET Q q 0 0 0 rg BT 421.55 701.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 471.50 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.12 701.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 540.86 701.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 102.00 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.94 689.10 Td (dividends; ) Tj ET Q q 0 0 0 rg BT 163.11 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.05 689.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 202.53 689.10 Td (into ) Tj ET Q q 0 0 0 rg BT 220.59 689.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 268.64 689.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 311.12 689.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 361.65 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.93 689.10 Td (each ) Tj ET Q q 0 0 0 rg BT 392.75 689.10 Td (case ) Tj ET Q q 0 0 0 rg BT 412.45 689.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 443.28 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.56 689.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 497.71 689.10 Td (exceptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.40 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.51 665.10 Td (December ) Tj ET Q q 0 0 0 rg BT 136.38 665.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.67 665.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 176.96 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.96 665.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 236.40 665.10 Td (base ) Tj ET Q q 0 0 0 rg BT 256.96 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.18 665.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 301.95 665.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 359.18 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.62 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.63 665.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 429.74 665.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 455.29 665.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 486.39 665.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.61 665.10 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 533.89 665.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 665.10 Td (, ) 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 65.29 653.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 106.63 653.10 Td (redeterminations ) Tj ET Q q 0 0 0 rg BT 175.18 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.86 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.43 653.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 241.44 653.10 Td (base ) Tj ET Q q 0 0 0 rg BT 260.56 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 274.12 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.25 653.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 306.81 653.10 Td (semiannually) Tj ET Q q 0 0 0 rg BT 359.49 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.34 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 382.47 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.04 653.10 Td (next ) Tj ET Q q 0 0 0 rg BT 414.61 653.10 Td (such ) Tj ET Q q 0 0 0 rg BT 434.29 653.10 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 498.95 653.10 Td (being ) Tj ET Q q 0 0 0 rg BT 522.52 653.10 Td (scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.86 641.10 Td (May ) Tj ET Q q 0 0 0 rg BT 84.88 641.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 110.08 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.78 641.10 Td (If ) Tj ET Q q 0 0 0 rg BT 122.13 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.16 641.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 187.52 641.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 207.44 641.10 Td (under ) Tj ET Q q 0 0 0 rg BT 232.90 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.82 641.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 271.62 641.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 298.72 641.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 345.84 641.10 Td (were ) Tj ET Q q 0 0 0 rg BT 367.96 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.44 641.10 Td (ever ) Tj ET Q q 0 0 0 rg BT 398.34 641.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 428.79 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.71 641.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 488.06 641.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 511.03 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 525.39 641.10 Td (would ) Tj ET Q q 0 0 0 rg BT 553.08 641.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.32 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.59 629.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 120.30 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.02 629.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 163.62 629.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 196.11 629.10 Td (over ) Tj ET Q q 0 0 0 rg BT 216.38 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.32 629.10 Td (period ) Tj ET Q q 0 0 0 rg BT 251.37 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 266.64 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.92 629.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 307.18 629.10 Td (six ) Tj ET Q q 0 0 0 rg BT 321.35 629.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 605.10 Td (As amended, the Bank Credit ) Tj ET Q q 0 0 0 rg BT 187.48 605.10 Td (Agreement contains certain financial performance covenants through the maturity of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.17 593.10 Td (, including the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.40 569.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 147.17 569.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 173.84 569.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 206.61 569.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 226.06 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.07 569.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 288.84 569.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 334.96 569.10 Td (covenant, ) Tj ET Q q 0 0 0 rg BT 375.78 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.79 569.10 Td (such ) Tj ET Q q 0 0 0 rg BT 416.35 569.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 436.91 569.10 Td (not ) Tj ET Q q 0 0 0 rg BT 451.92 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.93 569.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.92 569.10 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.42 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.65 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.66 569.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 531.39 569.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.19 557.10 Td (first ) Tj ET Q q 0 0 0 rg BT 118.77 557.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 149.56 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.37 557.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 185.34 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.26 557.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 243.03 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 258.29 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.54 557.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.77 557.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.27 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.74 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.99 557.10 Td (1.0. ) Tj ET Q q 0 0 0 rg BT 341.47 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.94 557.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 381.62 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.59 557.10 Td (only ) Tj ET Q q 0 0 0 rg BT 406.85 557.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 426.54 557.10 Td (under ) Tj ET Q q 0 0 0 rg BT 451.78 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 467.59 557.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 491.17 557.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 518.09 557.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 94.67 545.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 140.49 545.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.53 545.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 220.47 545.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 253.50 545.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 273.22 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.38 545.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 325.43 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.26 545.10 Td (this ) Tj ET Q q 0 0 0 rg BT 353.21 545.10 Td (ratio;) 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 (A) Tj ET Q q 0 0 0 rg BT 92.17 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.67 533.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 136.06 533.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 176.88 533.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 197.71 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.54 533.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 261.58 533.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 307.96 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.24 533.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 371.28 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.21 533.10 Td (char) Tj ET Q q 0 0 0 rg BT 420.24 533.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 436.07 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.90 533.10 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.40 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.90 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.18 533.10 Td (1.0; ) Tj ET Q q 0 0 0 rg BT 494.96 533.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 521.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.67 521.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 145.48 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.76 521.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 193.25 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.19 521.10 Td (current ) Tj ET Q q 0 0 0 rg BT 231.00 521.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 251.83 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.66 521.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.16 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.66 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.94 521.10 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (As ) Tj ET Q q 0 0 0 rg BT 80.68 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.08 497.10 Td (December ) Tj ET Q q 0 0 0 rg BT 134.23 497.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 148.79 497.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 173.36 497.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 187.09 497.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 210.26 497.10 Td (under ) Tj ET Q q 0 0 0 rg BT 235.10 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.38 497.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 272.56 497.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 299.16 497.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 345.65 497.10 Td (were ) Tj ET Q q 0 0 0 rg BT 367.15 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 397.54 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.39 497.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 440.00 497.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 460.95 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.34 497.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 502.84 497.10 Td (based ) Tj ET Q q 0 0 0 rg BT 527.68 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 539.75 497.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (\(a\)for ) Tj ET Q q 0 0 0 rg BT 76.39 485.10 Td (ABR ) Tj ET Q q 0 0 0 rg BT 99.05 485.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 128.09 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.62 485.10 Td (base ) Tj ET Q q 0 0 0 rg BT 154.49 485.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 171.57 485.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 218.65 485.10 Td (under ) Tj ET Q q 0 0 0 rg BT 243.51 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.83 485.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 281.03 485.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 307.66 485.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 354.18 485.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 371.83 485.10 Td (ABR\) ) Tj ET Q q 0 0 0 rg BT 406.69 485.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 425.46 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 437.00 485.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 480.18 485.10 Td (mar) Tj ET Q q 0 0 0 rg BT 495.55 485.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 510.42 485.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 543.07 485.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (1.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.33 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.41 473.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.27 473.10 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.10 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.18 473.10 Td (per ) Tj ET Q q 0 0 0 rg BT 124.03 473.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 156.82 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.23 473.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 182.97 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 197.71 473.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 230.79 473.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 260.81 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.11 473.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 309.19 473.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 327.26 473.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 347.01 473.10 Td (an ) Tj ET Q q 0 0 0 rg BT 359.52 473.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 403.69 473.10 Td (mar) Tj ET Q q 0 0 0 rg BT 419.06 473.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 434.92 473.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 468.54 473.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.06 473.10 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.89 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.97 473.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.83 473.10 Td (3.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.66 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.74 473.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 77.98 461.10 Td (\(capitalized ) Tj ET Q q 0 0 0 rg BT 125.88 461.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 149.36 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.96 461.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 190.21 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.25 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.73 461.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 235.11 461.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 261.09 461.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 310.10 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.81 461.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 338.73 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.21 461.10 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 388.47 461.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 418.62 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.21 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.70 461.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 481.82 461.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 508.07 461.10 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.66 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.26 449.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 112.76 449.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 139.62 449.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 186.43 449.10 Td (was ) Tj ET Q q 0 0 0 rg BT 204.37 449.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 235.09 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.25 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.08 449.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 305.02 449.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 319.61 449.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.33 449.10 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.16 449.10 Td (. ) Tj ET Q q 0 0 0 rg BT 361.05 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.91 449.10 Td (As ) Tj ET Q q 0 0 0 rg BT 376.42 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.14 449.10 Td (December ) Tj ET Q q 0 0 0 rg BT 430.61 449.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.50 449.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 470.39 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 484.44 449.10 Td (were ) Tj ET Q q 0 0 0 rg BT 506.25 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.42 449.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.95 437.10 Td (all ) Tj ET Q q 0 0 0 rg BT 82.62 437.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 102.51 437.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 145.17 437.10 Td (under ) Tj ET Q q 0 0 0 rg BT 170.61 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.50 437.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 209.28 437.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 236.36 437.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 285.96 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.44 437.10 Td (The ) Tj ET Q q 0 0 0 rg BT 306.66 437.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 345.99 437.10 Td (average ) Tj ET Q q 0 0 0 rg BT 379.74 437.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 411.85 437.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 429.51 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.18 437.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 490.41 437.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 539.75 437.10 Td (under ) 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 64.22 425.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 87.83 425.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 114.77 425.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 161.69 425.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.74 425.10 Td (4.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.57 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.07 425.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.01 425.10 Td (3.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.84 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.34 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.17 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.00 425.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 323.59 425.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 346.09 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.03 425.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 388.03 425.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 435.69 425.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.33 401.10 Td (above ) Tj ET Q q 0 0 0 rg BT 111.50 401.10 Td (description ) Tj ET Q q 0 0 0 rg BT 158.22 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.45 401.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 207.85 401.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 234.62 401.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 281.33 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 290.29 401.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 328.12 401.10 Td (by ) Tj ET Q q 0 0 0 rg BT 340.40 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.91 401.10 Td (express ) Tj ET Q q 0 0 0 rg BT 387.19 401.10 Td (language ) Tj ET Q q 0 0 0 rg BT 425.57 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.29 401.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 474.56 401.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 499.07 401.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 540.22 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 401.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 72.66 389.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 99.25 389.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 145.73 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.22 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.48 389.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 229.08 389.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 261.39 389.10 Td (each ) Tj ET Q q 0 0 0 rg BT 281.76 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.14 389.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.63 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.89 389.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 353.26 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.64 389.10 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 397.36 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.19 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.57 389.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 457.38 389.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 487.20 389.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 507.58 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.41 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.67 389.10 Td (SEC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (December) Tj ET Q q 0 0 0 rg BT 92.63 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.13 365.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 117.63 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.25 365.10 Td (January ) Tj ET Q q 0 0 0 rg BT 174.31 365.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 196.81 365.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 219.30 365.10 Td (Exchanges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td (During ) Tj ET Q q 0 0 0 rg BT 99.11 341.10 Td (December ) Tj ET Q q 0 0 0 rg BT 143.46 341.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 169.24 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 184.18 341.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 216.88 341.10 Td (into ) Tj ET Q q 0 0 0 rg BT 235.71 341.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 274.52 341.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 319.45 341.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 368.26 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.31 341.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 420.34 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 428.05 341.10 Td (total ) Tj ET Q q 0 0 0 rg BT 449.10 341.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.71 341.10 Td ($609.8 ) Tj ET Q q 0 0 0 rg BT 491.48 341.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.38 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.65 341.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 88.18 329.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 121.32 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.79 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.26 329.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 184.07 329.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 211.65 329.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 266.44 329.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 290.69 329.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.49 329.10 Td ($381.6 ) Tj ET Q q 0 0 0 rg BT 336.14 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.03 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.17 329.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 410.17 329.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 448.85 329.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 481.99 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.46 329.10 Td (new ) Tj ET Q q 0 0 0 rg BT 513.26 329.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 536.40 329.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 84.26 317.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 110.14 317.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.13 317.10 Td ($84.7 ) Tj ET Q q 0 0 0 rg BT 152.18 317.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.07 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.62 317.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 225.03 317.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 263.12 317.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 295.67 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.55 317.10 Td (new ) Tj ET Q q 0 0 0 rg BT 325.76 317.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 348.31 317.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 398.07 317.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 426.73 317.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 455.11 317.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 492.66 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.99 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 509.97 317.10 Td (net ) Tj ET Q q 0 0 0 rg BT 524.74 317.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.10 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.26 305.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 93.30 305.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 130.67 305.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.93 305.10 Td (these ) Tj ET Q q 0 0 0 rg BT 174.30 305.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 217.77 305.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.93 305.10 Td ($143.6 ) Tj ET Q q 0 0 0 rg BT 257.25 305.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 305.10 Td (. ) Tj ET Q q 0 0 0 rg BT 290.47 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.16 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 309.54 305.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 354.12 305.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 377.05 305.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 416.09 305.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.25 305.10 Td ($364.0 ) Tj ET Q q 0 0 0 rg BT 455.57 305.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.46 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.29 305.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 526.98 305.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.20 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.23 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.27 293.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 132.80 293.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 161.61 293.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 217.64 293.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 243.68 293.10 Td (due ) Tj ET Q q 0 0 0 rg BT 260.82 293.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 283.52 293.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 301.78 293.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 328.92 293.10 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 362.72 293.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.86 293.10 Td ($245.8 ) Tj ET Q q 0 0 0 rg BT 410.07 293.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.96 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.66 293.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 483.23 293.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 521.48 293.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.17 293.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 281.10 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 70.33 278.94 cm /I28 Do Q q 0 0 0 rg BT 77.83 281.10 Td (% ) Tj ET Q q 0 0 0 rg BT 88.66 281.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 117.27 281.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 173.09 281.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 198.92 281.10 Td (due ) Tj ET Q q 0 0 0 rg BT 215.86 281.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 238.36 281.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 256.41 281.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 283.35 281.10 Td (Notes\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.35 257.10 Td (January ) Tj ET Q q 0 0 0 rg BT 131.98 257.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 157.00 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 171.19 257.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 199.26 257.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 241.77 257.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 292.06 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.36 257.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 342.64 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.60 257.10 Td (total ) Tj ET Q q 0 0 0 rg BT 369.90 257.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.76 257.10 Td ($174.3 ) Tj ET Q q 0 0 0 rg BT 410.78 257.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.67 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.20 257.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 483.58 257.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 521.65 257.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.17 257.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.04 245.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 98.92 245.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 125.57 245.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 179.43 245.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 202.75 245.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.62 245.10 Td ($74.1 ) Tj ET Q q 0 0 0 rg BT 241.33 245.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.23 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.44 245.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 313.51 245.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 351.26 245.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 383.47 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.01 245.10 Td (new ) Tj ET Q q 0 0 0 rg BT 412.88 245.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 435.09 245.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 463.41 245.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 497.83 245.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 523.37 245.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 245.10 Td ($59.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.06 233.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 120.60 233.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 157.81 233.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 189.48 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.48 233.10 Td (new ) Tj ET Q q 0 0 0 rg BT 217.81 233.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 232.81 233.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 281.69 233.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 309.47 233.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 334.48 233.10 Td (due ) Tj ET Q q 0 0 0 rg BT 350.59 233.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 372.26 233.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 389.48 233.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 415.58 233.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 464.47 233.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 492.25 233.10 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 527.52 233.10 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.01 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.18 221.10 Td (net ) Tj ET Q q 0 0 0 rg BT 82.12 221.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 122.62 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.12 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.18 221.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 169.13 221.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 207.40 221.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.57 221.10 Td (these ) Tj ET Q q 0 0 0 rg BT 252.84 221.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 297.22 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.28 221.10 Td ($40.8 ) Tj ET Q q 0 0 0 rg BT 333.51 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.40 221.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.63 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.16 221.10 Td (The ) Tj ET Q q 0 0 0 rg BT 388.44 221.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 433.92 221.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 457.76 221.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 497.71 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.77 221.10 Td ($1) Tj ET Q q 0 0 0 rg BT 518.39 221.10 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 533.62 221.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 90.10 209.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 127.38 209.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 159.11 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.18 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.25 209.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 189.25 206.94 cm /I29 Do Q q 0 0 0 rg BT 196.75 209.10 Td (% ) Tj ET Q q 0 0 0 rg BT 206.81 209.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 234.66 209.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 289.72 209.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 314.79 209.10 Td (due ) Tj ET Q q 0 0 0 rg BT 330.96 209.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 352.70 209.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 369.99 209.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 396.16 209.10 Td (Notes\), ) Tj 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173.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (concession ) Tj ET Q q 0 0 0 rg BT 95.96 161.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.09 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.67 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.58 161.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 189.60 161.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 243.84 161.10 Td (note ) Tj ET Q q 0 0 0 rg BT 263.64 161.10 Td (holders. ) Tj ET Q q 0 0 0 rg BT 298.16 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.74 161.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 328.31 161.10 Td (this ) Tj ET Q q 0 0 0 rg BT 345.34 161.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 386.52 161.10 Td (future ) Tj ET Q q 0 0 0 rg BT 412.98 161.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.99 161.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 488.67 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.03 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.82 161.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 536.41 161.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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BT 539.33 149.10 Td (of ) 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 (new ) Tj ET Q q 0 0 0 rg BT 69.11 137.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 93.17 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 102.78 137.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 127.39 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.11 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.28 137.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 191.77 137.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 224.71 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.99 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.16 137.10 Td (extinguished ) Tj ET Q q 0 0 0 rg BT 305.21 137.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 331.76 137.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 358.03 137.10 Td (than ) Tj ET Q q 0 0 0 rg BT 378.19 137.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 428.34 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.73 137.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 455.89 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 468.84 137.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 533.45 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 548.06 137.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 85.10 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.52 125.10 Td (As ) Tj ET Q q 0 0 0 rg BT 101.74 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.18 125.10 Td (December ) Tj ET Q q 0 0 0 rg BT 157.37 125.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 172.98 125.10 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.58 125.10 Td ($138.3 ) Tj ET Q q 0 0 0 rg BT 229.19 125.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.08 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.19 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.63 125.10 Td (future ) Tj ET Q q 0 0 0 rg BT 299.61 125.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 332.15 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 345.26 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.58 125.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 383.69 125.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 412.90 125.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 448.22 125.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 474.66 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.20 125.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 515.31 125.10 Td (Convertible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.39 113.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 104.50 113.10 Td (was ) Tj ET Q q 0 0 0 rg BT 122.84 113.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 160.60 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 171.71 113.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 194.21 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 221.43 113.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.77 113.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.00 113.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 286.42 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 297.54 113.10 Td (semiannual ) Tj ET Q q 0 0 0 rg BT 345.86 113.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 378.08 113.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 419.19 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.18 113.10 Td 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101.10 Td (these ) Tj ET Q q 0 0 0 rg BT 395.84 101.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 422.62 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.56 101.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 470.65 101.10 Td (future ) Tj ET Q q 0 0 0 rg BT 497.70 101.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 530.30 101.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 86.56 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.42 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.84 89.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 166.70 89.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 212.67 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.08 89.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 269.05 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.13 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.44 89.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 317.52 89.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 345.72 89.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 380.01 89.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 405.43 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.95 89.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 444.04 89.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 493.34 89.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 521.53 89.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 546.95 89.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 77.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 113.93 77.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 139.20 77.10 Td (than ) Tj ET Q q 0 0 0 rg BT 158.91 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.63 77.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 200.00 77.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 220.27 77.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 252.21 77.10 Td (payments.) 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86.94 665.25 Td (common ) Tj ET Q q 0 0 0 rg BT 124.39 665.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 150.45 665.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 187.90 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 198.13 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.02 665.25 Td (net ) Tj ET Q q 0 0 0 rg BT 219.69 665.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 259.91 665.25 Td (from ) Tj ET Q q 0 0 0 rg BT 281.80 665.25 Td (these ) Tj ET Q q 0 0 0 rg BT 304.80 665.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 348.90 665.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.68 665.25 Td ($442.9 ) Tj ET Q q 0 0 0 rg BT 389.63 665.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.52 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.98 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.21 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 446.99 665.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 466.66 665.25 Td (principal. ) Tj ET Q q 0 0 0 rg BT 507.15 665.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 509.34 672.18 55.68 -9.09 re f /GS0 gs q 0 0 0 rg BT 509.06 665.25 Td (As ) Tj ET Q q 0 0 0 rg BT 522.63 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.52 665.25 Td (result ) Tj ET Q q 0 0 0 rg BT 554.19 665.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 660.18 74.32 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 653.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 653.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 86.07 653.25 Td (exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.82 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 128.77 653.25 Td (we ) Tj ET Q q 0 0 0 rg BT 142.88 653.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 189.19 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.08 653.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 215.75 653.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.53 653.25 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 251.48 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.37 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.82 653.25 Td (during ) Tj ET Q q 0 0 0 rg BT 311.38 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.05 653.25 Td (year ) Tj ET Q q 0 0 0 rg BT 345.70 653.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 372.03 653.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 430.56 653.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 455.51 653.25 Td (which ) Tj ET Q q 0 0 0 rg BT 482.40 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 491.52 653.25 Td (included ) Tj ET Q q 0 0 0 rg BT 528.41 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.64 653.25 Td (Gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 641.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 81.72 641.25 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 150.32 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.59 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.31 641.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 236.12 641.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 291.39 641.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 337.78 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.61 641.25 Td (Operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.60 617.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 103.86 617.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 116.36 617.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 149.42 617.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 171.37 617.25 Td (Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 593.25 Td (9% ) Tj ET Q q 0 0 0 rg BT 85.08 593.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 112.67 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 115.25 593.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 139.51 593.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 152.08 593.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 185.22 593.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 207.24 593.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 233.70 593.25 Td (due ) Tj ET Q q 0 0 0 rg BT 251.84 593.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 276.91 593.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.49 593.25 Td (In ) Tj ET Q q 0 0 0 rg BT 290.40 593.25 Td (May ) Tj ET Q q 0 0 0 rg BT 311.30 593.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 336.38 593.25 Td (we ) Tj ET Q q 0 0 0 rg BT 350.61 593.25 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.19 593.25 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 408.26 593.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.16 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.73 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.64 593.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 473.21 593.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 501.90 593.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 536.68 593.25 Td (Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 581.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 90.69 581.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 119.62 581.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 154.65 581.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 183.30 581.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.56 581.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 230.59 581.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.84 581.25 Td (at ) Tj ET Q q 0 0 0 rg BT 272.88 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.14 581.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 297.95 581.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.10 581.25 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.43 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 325.25 581.25 Td (per ) Tj ET Q q 0 0 0 rg BT 340.84 581.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 373.38 581.25 Td (were ) Tj ET Q q 0 0 0 rg BT 395.63 581.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 423.45 581.25 Td (at ) Tj ET Q q 0 0 0 rg BT 433.49 581.25 Td (par ) Tj ET Q q 0 0 0 rg BT 449.08 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.68 581.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 506.37 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 526.97 581.25 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 93.22 569.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 136.93 569.25 Td (with ) Tj ET Q q 0 0 0 rg BT 156.78 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 163.28 569.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 193.68 569.25 Td (number ) Tj ET Q q 0 0 0 rg BT 226.30 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.69 569.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 268.20 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.60 569.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 312.33 569.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 338.84 569.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 392.56 569.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 415.74 569.25 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.90 569.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 455.97 569.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 484.15 569.25 Td (Subor) Tj ET Q q 0 0 0 rg BT 507.67 569.25 Td (dinated ) Tj ET Q q 0 0 0 rg BT 539.73 569.25 Td (Notes ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.73 557.25 Td (above\). ) Tj ET Q q 0 0 0 rg BT 126.55 557.25 Td (The ) Tj ET Q q 0 0 0 rg BT 144.90 557.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 167.71 557.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 196.63 557.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 231.64 557.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 257.78 557.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 288.36 557.25 Td (on ) Tj ET Q q 0 0 0 rg BT 301.17 557.25 Td (May ) Tj ET Q q 0 0 0 rg BT 322.30 557.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 337.61 557.25 Td (2021, ) Tj ET Q q 0 0 0 rg BT 362.92 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.17 557.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 412.41 557.25 Td (is ) Tj ET Q q 0 0 0 rg BT 421.89 557.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 455.79 557.25 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 511.92 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.51 557.25 Td (arrears ) Tj ET Q q 0 0 0 rg BT 552.52 557.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (May ) Tj ET Q q 0 0 0 rg BT 70.28 545.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 82.73 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.62 545.25 Td (November ) Tj ET Q q 0 0 0 rg BT 144.28 545.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 156.73 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.51 545.25 Td (each ) Tj ET Q q 0 0 0 rg BT 188.28 545.25 Td (year) Tj ET Q q 0 0 0 rg BT 205.09 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 210.04 545.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 252.48 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.71 545.25 Td (November ) Tj ET Q q 0 0 0 rg BT 307.37 545.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 334.65 545.25 Td (W) Tj ET Q q 0 0 0 rg BT 343.28 545.25 Td (e ) Tj ET Q q 0 0 0 rg BT 350.17 545.25 Td (may ) Tj ET Q q 0 0 0 rg BT 369.84 545.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 401.72 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.38 545.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 438.83 545.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 467.39 545.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 502.05 545.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 527.83 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.06 545.25 Td (whole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.69 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 71.32 533.25 Td (part ) Tj ET Q q 0 0 0 rg BT 89.73 533.25 Td (at ) Tj ET Q q 0 0 0 rg BT 99.80 533.25 Td (our ) Tj ET Q q 0 0 0 rg BT 115.99 533.25 Td (option ) Tj ET Q q 0 0 0 rg BT 144.41 533.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 187.26 533.25 Td (December ) Tj ET Q q 0 0 0 rg BT 231.20 533.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 246.56 533.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 271.92 533.25 Td (at ) Tj ET Q q 0 0 0 rg BT 281.99 533.25 Td (a ) Tj ET Q q 0 0 0 rg BT 289.29 533.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 337.69 533.25 Td (price ) Tj ET Q q 0 0 0 rg BT 360.53 533.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.72 533.25 Td (109%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.91 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.10 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.17 533.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 462.57 533.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 497.92 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.22 533.25 Td (at ) Tj ET Q q 0 0 0 rg BT 525.29 533.25 Td (declining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 97.14 521.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 123.11 521.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 161.01 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 165.61 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 176.03 521.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 214.22 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.10 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.41 521.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 278.27 521.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 320.91 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.23 521.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 357.32 521.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 385.53 521.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 419.83 521.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 450.26 521.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 472.35 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.23 521.25 Td (December ) Tj ET Q q 0 0 0 rg BT 525.41 521.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 540.00 521.25 Td (2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.87 509.25 Td (may ) Tj ET Q q 0 0 0 rg BT 83.79 509.25 Td (at ) Tj ET Q q 0 0 0 rg BT 93.71 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 109.74 509.25 Td (option ) Tj ET Q q 0 0 0 rg BT 138.01 509.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 170.13 509.25 Td (up ) Tj ET Q q 0 0 0 rg BT 182.84 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.32 509.25 Td (an ) Tj ET Q q 0 0 0 rg BT 205.47 509.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 247.03 509.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.07 509.25 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.40 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 279.10 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.14 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.06 509.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 343.31 509.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 376.01 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.04 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.97 509.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 424.67 509.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 453.48 509.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 488.40 509.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 514.43 509.25 Td (at ) Tj ET Q q 0 0 0 rg BT 524.35 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 531.50 509.25 Td (price ) Tj ET Q q 0 0 0 rg BT 554.19 509.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (109%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.83 497.25 Td ( ) Tj ET Q q 0 0 0 rg BT 75.42 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.34 497.25 Td (par ) Tj ET Q q 0 0 0 rg BT 101.70 497.25 Td (with ) Tj ET Q q 0 0 0 rg BT 122.06 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.87 497.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 175.00 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.92 497.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 215.71 497.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 243.29 497.25 Td (of) Tj ET Q q 0 0 0 rg BT 251.44 497.25 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 286.80 497.25 Td (In ) Tj ET Q q 0 0 0 rg BT 297.72 497.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 335.58 497.25 Td (at ) Tj ET Q q 0 0 0 rg BT 345.39 497.25 Td (any ) Tj ET Q q 0 0 0 rg BT 362.42 497.25 Td (time ) Tj ET Q q 0 0 0 rg BT 382.78 497.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 404.81 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.17 497.25 Td (December ) Tj ET Q q 0 0 0 rg BT 458.85 497.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 473.94 497.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 499.03 497.25 Td (we ) Tj ET Q q 0 0 0 rg BT 513.28 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 533.08 497.25 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.86 485.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 86.00 485.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 114.25 485.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 148.60 485.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 174.08 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.00 485.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 210.58 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 221.05 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.97 485.25 Td (part ) Tj ET Q q 0 0 0 rg BT 248.66 485.25 Td (at ) Tj ET Q q 0 0 0 rg BT 258.02 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 264.60 485.25 Td (price ) Tj ET Q q 0 0 0 rg BT 286.73 485.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 310.53 485.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.45 485.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.78 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 345.92 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.39 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.75 485.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 408.44 485.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 440.57 485.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 459.39 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 465.97 485.25 Td (make-whole ) Tj ET Q q 0 0 0 rg BT 526.41 485.25 Td (premium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 473.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 100.02 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.96 473.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 146.68 473.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 183.43 473.25 Td (The ) Tj ET Q q 0 0 0 rg BT 201.48 473.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 223.98 473.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 252.59 473.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 287.29 473.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 313.12 473.25 Td (are ) Tj ET Q q 0 0 0 rg BT 327.83 473.25 Td (not ) Tj ET Q q 0 0 0 rg BT 343.11 473.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 373.93 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.21 473.25 Td (any ) Tj ET Q q 0 0 0 rg BT 401.15 473.25 Td (sinking ) Tj ET Q q 0 0 0 rg BT 433.10 473.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 453.93 473.25 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 449.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 108.10 449.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 136.73 449.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 171.46 449.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.31 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.05 449.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.43 449.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 287.07 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.03 449.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 342.65 449.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.18 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.03 449.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.77 449.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.72 449.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 525.80 449.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.32 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 449.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.39 437.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.11 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 437.25 Td (income ) Tj ET Q q 0 0 0 rg BT 169.10 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 437.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.87 437.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 232.46 437.25 Td (by ) Tj ET Q q 0 0 0 rg BT 244.52 437.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 307.68 437.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 328.63 437.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.69 437.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.30 437.25 Td (all ) Tj ET Q q 0 0 0 rg BT 405.35 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 437.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.41 437.25 Td (that ) Tj ET Q q 0 0 0 rg BT 472.47 437.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.07 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 437.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 437.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.32 425.25 Td (which ) Tj ET Q q 0 0 0 rg BT 126.65 425.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 190.64 425.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 212.42 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.52 425.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 282.61 425.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 337.16 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.84 425.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 369.62 425.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.51 425.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 415.94 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 432.16 425.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 456.17 425.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.42 425.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.74 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 425.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 413.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.37 413.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.86 413.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 168.36 413.25 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 389.25 Td (9% ) Tj ET Q q 0 0 0 rg BT 92.83 389.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.43 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.26 389.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 147.51 389.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 160.34 389.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 193.74 389.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 216.01 389.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 242.72 389.25 Td (due ) Tj ET Q q 0 0 0 rg BT 261.12 389.25 Td (2022. ) Tj ET Q q 0 0 0 rg BT 286.45 389.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.27 389.25 Td (In ) Tj ET Q q 0 0 0 rg BT 300.43 389.25 Td (December ) Tj ET Q q 0 0 0 rg BT 344.35 389.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 367.18 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.45 389.25 Td (January ) Tj ET Q q 0 0 0 rg BT 418.37 389.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 443.70 389.25 Td (we ) Tj ET Q q 0 0 0 rg BT 458.19 389.25 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.02 389.25 Td ($381.6 ) Tj ET Q q 0 0 0 rg BT 516.35 389.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.24 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 389.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td ($74.1 ) Tj ET Q q 0 0 0 rg BT 74.13 377.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.02 377.25 Td (, ) Tj ET Q q 0 0 0 rg BT 107.65 377.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 155.31 377.25 Td (, ) Tj ET Q q 0 0 0 rg BT 159.94 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.39 377.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 192.52 377.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 220.76 377.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 255.09 377.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 285.40 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 303.07 377.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 325.20 377.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 353.44 377.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 387.77 377.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 415.73 377.25 Td (which ) Tj ET Q q 0 0 0 rg BT 442.30 377.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 461.63 377.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.19 377.25 Td (at ) Tj ET Q q 0 0 0 rg BT 502.54 377.25 Td (a ) Tj ET Q q 0 0 0 rg BT 509.10 377.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 526.22 377.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.68 377.25 Td (9.25%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (per ) Tj ET Q q 0 0 0 rg BT 64.19 365.25 Td (annum, ) Tj ET Q q 0 0 0 rg BT 95.83 365.25 Td (were ) Tj ET Q q 0 0 0 rg BT 117.18 365.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 144.10 365.25 Td (at ) Tj ET Q q 0 0 0 rg BT 153.23 365.25 Td (par ) Tj ET Q q 0 0 0 rg BT 167.92 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.62 365.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 223.41 365.25 Td (with ) Tj ET Q q 0 0 0 rg BT 243.11 365.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 286.68 365.25 Td (with ) Tj ET Q q 0 0 0 rg BT 306.38 365.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.74 365.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 342.99 365.25 Td (number ) Tj ET Q q 0 0 0 rg BT 375.45 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.70 365.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 417.06 365.25 Td (ofexisting ) Tj ET Q q 0 0 0 rg BT 461.48 365.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 487.84 365.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 541.41 365.25 Td (notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.01 353.25 Td (December ) Tj ET Q q 0 0 0 rg BT 111.50 353.25 Td (2017and ) Tj ET Q q 0 0 0 rg BT 148.91 353.25 Td (January ) Tj ET Q q 0 0 0 rg BT 184.08 353.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 206.49 353.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 227.79 353.25 Td (Exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.51 353.25 Td (above\). ) Tj ET Q q 0 0 0 rg BT 307.95 353.25 Td (The ) Tj ET Q q 0 0 0 rg BT 325.90 353.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 348.31 353.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 376.83 353.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 411.44 353.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 437.18 353.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 467.35 353.25 Td (on ) Tj ET Q q 0 0 0 rg BT 479.76 353.25 Td (March ) Tj ET Q q 0 0 0 rg BT 508.26 353.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 523.17 353.25 Td (2022, ) Tj ET Q q 0 0 0 rg BT 548.08 353.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 80.83 341.25 Td (is ) Tj ET Q q 0 0 0 rg BT 89.40 341.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 122.39 341.25 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 177.60 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.28 341.25 Td (arrears ) Tj ET Q q 0 0 0 rg BT 216.37 341.25 Td (on ) Tj ET Q q 0 0 0 rg BT 228.27 341.25 Td (March ) Tj ET Q q 0 0 0 rg BT 256.26 341.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 268.16 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.49 341.25 Td (September ) Tj ET Q q 0 0 0 rg BT 329.15 341.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 341.05 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.27 341.25 Td (each ) Tj ET Q q 0 0 0 rg BT 371.48 341.25 Td (year) Tj ET Q q 0 0 0 rg BT 388.29 341.25 Td (, ) Tj ET Q q 0 0 0 rg BT 392.69 341.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 434.58 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.25 341.25 Td (March ) Tj ET Q q 0 0 0 rg BT 472.25 341.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 499.00 341.25 Td (W) Tj ET Q q 0 0 0 rg BT 507.64 341.25 Td (e ) Tj ET Q q 0 0 0 rg BT 513.98 341.25 Td (may ) Tj ET Q q 0 0 0 rg BT 533.09 341.25 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 329.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 86.79 329.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 115.44 329.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 150.19 329.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 176.06 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.38 329.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 213.35 329.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.22 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.54 329.25 Td (part ) Tj ET Q q 0 0 0 rg BT 252.63 329.25 Td (at ) Tj ET Q q 0 0 0 rg BT 262.38 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.25 329.25 Td (option ) Tj ET Q q 0 0 0 rg BT 306.35 329.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 348.88 329.25 Td (March ) Tj ET Q q 0 0 0 rg BT 377.52 329.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 392.56 329.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 417.60 329.25 Td (at ) Tj ET Q q 0 0 0 rg BT 427.35 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.33 329.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 482.41 329.25 Td (price ) Tj ET Q q 0 0 0 rg BT 504.93 329.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 329.25 Td (109.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.63 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 329.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.43 317.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 100.68 317.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 134.89 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.04 317.25 Td (at ) Tj ET Q q 0 0 0 rg BT 159.97 317.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 198.89 317.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 246.14 317.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 271.73 317.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 309.63 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 313.84 317.25 Td (as ) Tj ET Q q 0 0 0 rg BT 323.88 317.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 361.69 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.18 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.11 317.25 Td (indenture ) Tj ET Q q 0 0 0 rg BT 424.58 317.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 466.84 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.77 317.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 502.48 317.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.30 317.25 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 80.83 305.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 103.83 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.61 305.25 Td (March ) Tj ET Q q 0 0 0 rg BT 143.71 305.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 159.21 305.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 184.71 305.25 Td (we ) Tj ET Q q 0 0 0 rg BT 199.37 305.25 Td (may ) Tj ET Q q 0 0 0 rg BT 219.59 305.25 Td (at ) Tj ET Q q 0 0 0 rg BT 229.81 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.14 305.25 Td (option ) Tj ET Q q 0 0 0 rg BT 274.69 305.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 307.12 305.25 Td (up ) Tj ET Q q 0 0 0 rg BT 320.12 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.90 305.25 Td (an ) Tj ET Q q 0 0 0 rg BT 343.34 305.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 385.20 305.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.53 305.25 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.86 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 417.86 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.19 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.41 305.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 482.95 305.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 515.95 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.28 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.49 305.25 Td (2022 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 78.10 293.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 112.79 293.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 138.61 293.25 Td (at ) Tj ET Q q 0 0 0 rg BT 148.32 293.25 Td (a ) Tj ET Q q 0 0 0 rg BT 155.25 293.25 Td (price ) Tj ET Q q 0 0 0 rg BT 177.72 293.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.54 293.25 Td (109.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.37 293.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.86 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.68 293.25 Td (par ) Tj ET Q q 0 0 0 rg BT 252.94 293.25 Td (with ) Tj ET Q q 0 0 0 rg BT 273.21 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.91 293.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 325.94 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.76 293.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 366.45 293.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 393.93 293.25 Td (of) Tj ET Q q 0 0 0 rg BT 402.08 293.25 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 437.34 293.25 Td (In ) Tj ET Q q 0 0 0 rg BT 448.16 293.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 485.92 293.25 Td (at ) Tj ET Q q 0 0 0 rg BT 495.63 293.25 Td (any ) Tj ET Q q 0 0 0 rg BT 512.56 293.25 Td (time ) Tj ET Q q 0 0 0 rg BT 532.82 293.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.75 293.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (March ) Tj ET Q q 0 0 0 rg BT 78.74 281.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 94.38 281.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 120.02 281.25 Td (we ) Tj ET Q q 0 0 0 rg BT 134.82 281.25 Td (may ) Tj ET Q q 0 0 0 rg BT 155.18 281.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 187.75 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.10 281.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 226.25 281.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 255.49 281.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 290.84 281.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 317.31 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.23 281.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 355.81 281.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.28 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.20 281.25 Td (part ) Tj ET Q q 0 0 0 rg BT 396.89 281.25 Td (at ) Tj ET Q q 0 0 0 rg BT 407.25 281.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.83 281.25 Td (price ) Tj ET Q q 0 0 0 rg BT 437.96 281.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 462.75 281.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.67 281.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 500.14 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.61 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 281.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.30 269.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 101.78 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 109.03 269.25 Td (make-whole ) Tj ET Q q 0 0 0 rg BT 170.14 269.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 209.05 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.30 269.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 260.19 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.44 269.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 307.47 269.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 344.51 269.25 Td (The ) Tj ET Q q 0 0 0 rg BT 362.86 269.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 385.67 269.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 414.59 269.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 449.61 269.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 475.74 269.25 Td (are ) Tj ET Q q 0 0 0 rg BT 490.76 269.25 Td (not ) Tj ET Q q 0 0 0 rg BT 506.35 269.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 537.48 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.07 269.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (sinking ) Tj ET Q q 0 0 0 rg BT 81.45 257.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 102.28 257.25 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 233.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 108.10 233.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 136.73 233.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 171.46 233.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.31 233.25 Td (are ) Tj ET Q q 0 0 0 rg BT 212.05 233.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.43 233.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 287.07 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.03 233.25 Td (severally ) Tj ET Q q 0 0 0 rg BT 342.65 233.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.18 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.03 233.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.77 233.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.72 233.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 525.80 233.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.32 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 233.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.39 221.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.11 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 221.25 Td (income ) Tj ET Q q 0 0 0 rg BT 169.10 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 199.87 221.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 232.46 221.25 Td (by ) Tj ET Q q 0 0 0 rg BT 244.52 221.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 307.68 221.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 328.63 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.69 221.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.30 221.25 Td (all ) Tj ET Q q 0 0 0 rg BT 405.35 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 221.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.41 221.25 Td (that ) Tj ET Q q 0 0 0 rg BT 472.47 221.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.07 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 221.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 221.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.32 209.25 Td (which ) Tj ET Q q 0 0 0 rg BT 126.65 209.25 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 190.64 209.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 212.42 209.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.52 209.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 282.61 209.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 337.16 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.84 209.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 369.62 209.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.51 209.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 415.94 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 432.16 209.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 456.17 209.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.42 209.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.74 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 209.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 197.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.37 197.25 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.86 197.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 168.36 197.25 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 173.25 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 116.14 173.25 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 163.71 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.61 173.25 Td (Indentur) Tj ET Q q 0 0 0 rg BT 212.77 173.25 Td (es ) Tj ET Q q 0 0 0 rg BT 223.66 173.25 Td (for) Tj ET Q q 0 0 0 rg BT 236.25 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.81 173.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 266.41 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.97 173.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 293.23 173.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 305.79 173.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 338.91 173.25 Td (Lien ) Tj ET Q q 0 0 0 rg BT 360.92 173.25 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 389.86 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 392.42 173.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 414.96 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.85 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.63 173.25 Td (indentures ) Tj ET Q q 0 0 0 rg BT 484.85 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 499.07 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.84 173.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.40 173.25 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 84.74 161.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 111.09 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 161.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 151.59 161.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 180.73 161.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 215.96 161.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 242.32 161.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 278.68 161.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 323.36 161.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 366.38 161.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.40 161.25 Td (are ) Tj ET Q q 0 0 0 rg BT 399.63 161.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 439.87 161.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 482.89 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.36 161.25 Td (that ) Tj ET Q q 0 0 0 rg BT 518.38 161.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 549.17 161.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.16 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.71 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.03 149.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 135.69 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.13 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 161.57 149.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 200.88 149.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 250.21 149.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.09 149.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 273.86 149.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 296.52 149.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 338.61 149.25 Td (debt; ) Tj ET Q q 0 0 0 rg BT 360.72 149.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 374.49 149.25 Td (make ) Tj ET Q q 0 0 0 rg BT 398.25 149.25 Td (investments; ) Tj ET Q q 0 0 0 rg BT 450.91 149.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 464.68 149.25 Td (create ) Tj ET Q q 0 0 0 rg BT 490.65 149.25 Td (liens ) Tj ET Q q 0 0 0 rg BT 511.64 149.25 Td (on ) Tj ET Q q 0 0 0 rg BT 523.75 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 539.19 149.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.76 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.92 137.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 102.18 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.45 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.71 137.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 169.85 137.25 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 222.78 137.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 237.37 137.25 Td (create ) Tj ET Q q 0 0 0 rg BT 264.17 137.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 309.88 137.25 Td (on ) Tj ET Q q 0 0 0 rg BT 322.82 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.97 137.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 366.45 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.72 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 393.98 137.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 434.12 137.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 484.27 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.98 137.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 512.36 137.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 554.18 137.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (make ) Tj ET Q q 0 0 0 rg BT 73.13 125.25 Td (other ) Tj ET Q q 0 0 0 rg BT 95.65 125.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 135.95 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.70 125.25 Td (DRI ) Tj ET Q q 0 0 0 rg BT 164.89 125.25 Td (or ) Tj ET Q q 0 0 0 rg BT 175.19 125.25 Td (other ) Tj ET Q q 0 0 0 rg BT 197.71 125.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 236.89 125.25 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 288.86 125.25 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 302.49 125.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 332.78 125.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.53 125.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 392.26 125.25 Td (with ) Tj ET Q q 0 0 0 rg BT 412.01 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.32 125.25 Td (af) Tj ET Q q 0 0 0 rg BT 434.91 125.25 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 466.87 125.25 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 480.50 125.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 513.01 125.25 Td (or ) Tj ET Q q 0 0 0 rg BT 523.31 125.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 539.17 125.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 59.43 113.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 102.14 113.25 Td (stock; ) Tj ET Q q 0 0 0 rg BT 127.63 113.25 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 140.89 113.25 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 190.53 113.25 Td (mer) Tj ET Q q 0 0 0 rg BT 205.90 113.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 216.94 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.87 113.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 259.00 113.25 Td (all ) Tj ET Q q 0 0 0 rg BT 270.60 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 280.53 113.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 332.68 113.25 Td (all ) Tj ET Q q 0 0 0 rg BT 344.28 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.21 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 369.14 113.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 394.07 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.11 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.93 113.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 448.86 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.79 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 473.72 113.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 512.52 113.25 Td (subsidiaries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.32 101.25 Td (\(8\)make ) Tj ET Q q 0 0 0 rg BT 104.52 101.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 144.11 101.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 184.82 101.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 214.97 101.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 250.68 101.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 280.28 101.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 321.55 101.25 Td (on ) Tj ET Q q 0 0 0 rg BT 333.94 101.25 Td (our ) Tj ET Q q 0 0 0 rg BT 349.65 101.25 Td (common ) Tj ET Q q 0 0 0 rg BT 387.03 101.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 410.52 101.25 Td (or ) Tj ET Q q 0 0 0 rg BT 421.24 101.25 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 468.32 101.25 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 522.35 101.25 Td (or ) Tj ET Q q 0 0 0 rg BT 533.07 101.25 Td (retiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.72 89.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 94.71 89.25 Td (or ) Tj ET Q q 0 0 0 rg BT 105.93 89.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 160.47 89.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 180.58 89.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 224.57 89.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 259.12 89.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 286.45 89.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 340.99 89.25 Td (notes\)\), ) Tj ET Q q 0 0 0 rg BT 374.14 89.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 412.58 89.25 Td (that ) Tj ET Q q 0 0 0 rg BT 430.46 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.13 89.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 471.21 89.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 530.74 89.25 Td (we ) Tj ET Q q 0 0 0 rg BT 545.29 89.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (make ) Tj ET Q q 0 0 0 rg BT 73.82 77.25 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 114.82 77.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 154.69 77.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 195.68 77.25 Td (so ) Tj ET Q q 0 0 0 rg BT 207.24 77.25 Td (long ) Tj ET Q q 0 0 0 rg BT 227.69 77.25 Td (as ) Tj ET Q q 0 0 0 rg BT 238.69 77.25 Td (we ) Tj ET Q q 0 0 0 rg BT 253.01 77.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 290.67 77.25 Td (a ) Tj ET Q q 0 0 0 rg BT 297.78 77.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 318.77 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.77 77.25 Td (total ) Tj ET Q q 0 0 0 rg BT 350.21 77.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 370.09 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.54 77.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 416.65 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 419.31 77.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 433.64 77.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 466.29 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.74 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.62 77.25 Td (indentures\) ) Tj ET Q q 0 0 0 rg BT 539.28 77.25 Td (not ) Tj ET Q q 0 0 0 rg BT 554.72 77.25 Td (to ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (exceed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.75 713.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.25 713.10 Td (to1.0\(both ) Tj ET Q q 0 0 0 rg BT 142.99 713.10 Td (before ) Tj ET Q q 0 0 0 rg BT 170.38 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.67 713.10 Td (after ) Tj ET Q q 0 0 0 rg BT 206.84 713.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 234.25 713.10 Td (ef) Tj ET Q q 0 0 0 rg BT 241.84 713.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 258.67 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.30 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 284.59 713.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 323.65 713.10 Td (payment\). ) Tj ET Q q 0 0 0 rg BT 365.76 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.21 713.10 Td (As ) Tj ET Q q 0 0 0 rg BT 380.17 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.35 713.10 Td (December ) Tj ET Q q 0 0 0 rg BT 433.29 713.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 447.64 713.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 472.00 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 485.51 713.10 Td (were ) Tj ET Q q 0 0 0 rg BT 506.79 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.42 713.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 701.10 Td (all ) Tj ET Q q 0 0 0 rg BT 82.27 701.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 101.99 701.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 144.48 701.10 Td (under ) Tj ET Q q 0 0 0 rg BT 169.74 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.46 701.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 228.62 701.10 Td (related ) Tj ET Q q 0 0 0 rg BT 258.32 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.60 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.43 701.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 311.37 701.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 344.40 701.10 Td (second ) Tj ET Q q 0 0 0 rg BT 374.67 701.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 392.17 701.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Convertible Senior) Tj ET Q q 0 0 0 rg BT 130.14 677.10 Td ( Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (3% ) Tj ET Q q 0 0 0 rg BT 92.50 653.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 145.54 653.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 173.14 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.64 653.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 202.02 653.10 Td (due ) Tj ET Q q 0 0 0 rg BT 220.08 653.10 Td (2024. ) Tj ET Q q 0 0 0 rg BT 245.08 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.58 653.10 Td (In ) Tj ET Q q 0 0 0 rg BT 258.41 653.10 Td (December ) Tj ET Q q 0 0 0 rg BT 301.99 653.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 326.99 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 341.15 653.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 653.10 Td ($84.7 ) Tj ET Q q 0 0 0 rg BT 393.65 653.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.54 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.04 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.87 653.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 458.37 653.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 508.08 653.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 536.69 653.10 Td (Notes. ) 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 66.85 641.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 88.64 641.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 137.65 641.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 165.56 641.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 193.19 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.43 641.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 238.43 641.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 269.66 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 278.68 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.92 641.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 301.70 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.83 641.10 Td (3.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.66 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.46 641.10 Td (per ) Tj ET Q q 0 0 0 rg BT 349.02 641.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 380.54 641.10 Td (were ) Tj ET Q q 0 0 0 rg BT 401.76 641.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 428.56 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 437.58 641.10 Td (par ) Tj ET Q q 0 0 0 rg BT 452.15 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.72 641.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 507.39 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 526.97 641.10 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 94.04 629.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 138.57 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.24 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.56 629.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 197.78 629.10 Td (number ) Tj ET Q q 0 0 0 rg BT 231.21 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.43 629.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 274.76 629.10 Td (ofexisting ) Tj ET Q q 0 0 0 rg BT 320.14 629.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 347.46 629.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 402.01 629.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 426.00 629.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 444.99 629.10 Td (December) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.08 629.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 488.96 629.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 511.85 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.74 629.10 Td (January ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 71.32 617.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 92.02 617.10 Td (Exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.16 617.10 Td (above\). ) Tj ET Q q 0 0 0 rg BT 171.05 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.41 617.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 210.23 617.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 259.26 617.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 287.19 617.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 312.34 617.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 341.92 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 353.73 617.10 Td (March ) Tj ET Q q 0 0 0 rg BT 381.65 617.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.97 617.10 Td (2024, ) Tj ET Q q 0 0 0 rg BT 420.29 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.54 617.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 467.79 617.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.28 617.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 509.19 617.10 Td (semiannually ) 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 59.98 605.10 Td (arrears ) Tj ET Q q 0 0 0 rg BT 89.88 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 102.58 605.10 Td (March ) Tj ET Q q 0 0 0 rg BT 131.38 605.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 144.08 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.22 605.10 Td (September ) Tj ET Q q 0 0 0 rg BT 206.69 605.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 219.39 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.42 605.10 Td (each ) Tj ET Q q 0 0 0 rg BT 251.44 605.10 Td (year) Tj ET Q q 0 0 0 rg BT 268.25 605.10 Td (, ) Tj ET Q q 0 0 0 rg BT 273.45 605.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 316.14 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.62 605.10 Td (March ) Tj ET Q q 0 0 0 rg BT 355.42 605.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 382.93 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 391.57 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 398.71 605.10 Td (do ) Tj ET Q q 0 0 0 rg BT 411.41 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 426.89 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 448.47 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.39 605.10 Td (right ) Tj ET Q q 0 0 0 rg BT 484.98 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.46 605.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 527.58 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.50 605.10 Td (2024 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 99.27 593.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 127.95 593.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 153.84 593.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 175.84 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.18 593.10 Td (their ) Tj ET Q q 0 0 0 rg BT 207.07 593.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 240.30 593.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.36 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.74 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 265.85 593.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 288.41 593.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 338.19 593.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 366.86 593.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 392.75 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 407.52 593.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 455.06 593.10 Td (into ) Tj ET Q q 0 0 0 rg BT 473.18 593.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 500.73 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.63 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 593.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.38 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 83.37 581.10 Td (any ) Tj ET Q q 0 0 0 rg BT 100.57 581.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 123.62 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 133.60 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.59 581.10 Td (option ) Tj ET Q q 0 0 0 rg BT 176.92 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.02 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.00 581.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 237.71 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 247.70 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.91 581.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 272.66 581.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.76 581.10 Td (444.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.26 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.03 581.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.79 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.89 581.10 Td (common ) Tj ET Q q 0 0 0 rg BT 390.66 581.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 414.54 581.10 Td (per ) Tj ET Q q 0 0 0 rg BT 430.08 581.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 460.35 581.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 498.66 581.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 531.42 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.52 581.10 Td (2024 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 99.19 569.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 127.77 569.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 156.07 569.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 194.09 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 211.56 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.25 569.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 272.60 569.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 290.06 569.10 Td (will ) Tj ET Q q 0 0 0 rg BT 308.09 569.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 569.10 Td (455.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.50 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.97 569.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 377.43 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.24 569.10 Td (common ) Tj ET Q q 0 0 0 rg BT 425.71 569.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 449.29 569.10 Td (per ) Tj ET Q q 0 0 0 rg BT 464.53 569.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 494.50 569.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.52 569.10 Td (amount ) 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 62.51 557.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 83.86 557.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 132.42 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 159.88 557.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 184.56 557.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 225.33 557.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 246.12 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.95 557.10 Td (April ) Tj ET Q q 0 0 0 rg BT 277.40 557.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 291.25 557.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 315.10 557.10 Td (if ) Tj ET Q q 0 0 0 rg BT 322.56 557.10 Td (any) Tj ET Q q 0 0 0 rg BT 336.35 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 340.20 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.45 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 358.35 557.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 379.69 557.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 428.26 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 455.71 557.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 480.39 557.10 Td (will ) Tj ET Q q 0 0 0 rg BT 497.30 557.10 Td (be ) Tj ET Q q 0 0 0 rg BT 508.09 557.10 Td (automatically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 91.24 545.10 Td (into ) Tj ET Q q 0 0 0 rg BT 109.12 545.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.43 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.07 545.10 Td (common ) Tj ET Q q 0 0 0 rg BT 184.39 545.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 207.81 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 217.35 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.11 545.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 241.41 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.06 545.10 Td (444.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.56 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.88 545.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.19 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.83 545.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 349.65 545.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 387.51 545.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 419.83 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.47 545.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 452.79 545.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 502.32 545.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.75 545.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 556.40 545.10 Td (if ) 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 63.75 533.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 95.79 533.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 134.48 533.10 Td (average ) Tj ET Q q 0 0 0 rg BT 167.60 533.10 Td (price ) Tj ET Q q 0 0 0 rg BT 189.62 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.99 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.25 533.10 Td (Company) Tj ET Q q 0 0 0 rg BT 255.91 533.10 Td (s ) Tj ET Q q 0 0 0 rg BT 261.84 533.10 Td (common ) Tj ET Q q 0 0 0 rg BT 298.87 533.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 322.02 533.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 349.60 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.97 533.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 393.65 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.91 533.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 447.16 533.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 471.69 533.10 Td (which ) Tj ET Q q 0 0 0 rg BT 498.16 533.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 531.31 533.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 533.10 Td ($2.65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (per ) Tj ET Q q 0 0 0 rg BT 64.48 521.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 90.29 521.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.16 521.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.16 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.37 521.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 146.90 521.10 Td (days ) Tj ET Q q 0 0 0 rg BT 167.44 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.43 521.10 Td (any ) Tj ET Q q 0 0 0 rg BT 194.08 521.10 Td (period ) Tj ET Q q 0 0 0 rg BT 221.83 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.37 521.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.37 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.58 521.10 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 293.99 521.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 324.53 521.10 Td (days, ) Tj ET Q q 0 0 0 rg BT 347.57 521.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 378.10 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.09 521.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 435.84 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.38 521.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 475.79 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 498.55 521.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 544.92 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 521.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 71.97 509.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 121.65 509.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 150.23 509.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 176.02 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.70 509.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 238.15 509.10 Td (into ) Tj ET Q q 0 0 0 rg BT 256.17 509.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.96 509.10 Td (37.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.46 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.92 509.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.83 509.10 Td (38.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.33 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.80 509.10 Td (million ) Tj ET Q q 0 0 0 rg BT 380.16 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 407.62 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.42 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.10 509.10 Td (Company) Tj ET Q q 0 0 0 rg BT 474.77 509.10 Td (s ) Tj ET Q q 0 0 0 rg BT 481.13 509.10 Td (common ) Tj ET Q q 0 0 0 rg BT 518.59 509.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 544.67 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 509.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 72.00 497.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 121.71 497.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 150.32 497.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 176.15 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.86 497.10 Td (not ) Tj ET Q q 0 0 0 rg BT 206.14 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 236.96 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.24 497.10 Td (any ) Tj ET Q q 0 0 0 rg BT 264.18 497.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 296.13 497.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 316.96 497.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 473.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 84.98 473.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 138.00 473.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 165.60 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.08 473.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 194.44 473.10 Td (due ) Tj ET Q q 0 0 0 rg BT 212.48 473.10 Td (2023.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.98 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.46 473.10 Td (In ) Tj ET Q q 0 0 0 rg BT 248.26 473.10 Td (January ) Tj ET Q q 0 0 0 rg BT 281.84 473.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 306.82 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 320.96 473.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.44 473.10 Td ($59.4 ) Tj ET Q q 0 0 0 rg BT 373.41 473.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.78 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.59 473.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 438.07 473.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 487.76 473.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 516.35 473.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 544.65 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 473.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 71.60 461.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 120.92 461.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 149.13 461.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 177.06 461.10 Td (which ) Tj ET Q q 0 0 0 rg BT 203.60 461.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 222.91 461.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 254.44 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 263.76 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.30 461.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 287.39 461.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.82 461.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.25 461.10 Td (per ) Tj ET Q q 0 0 0 rg BT 328.13 461.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 359.94 461.10 Td (were ) Tj ET Q q 0 0 0 rg BT 381.48 461.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 408.58 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 417.90 461.10 Td (par ) Tj ET Q q 0 0 0 rg BT 432.77 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.65 461.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 482.50 461.10 Td (of) Tj ET Q q 0 0 0 rg BT 490.65 461.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 507.74 461.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.63 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.17 461.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (number ) Tj ET Q q 0 0 0 rg BT 83.12 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.52 449.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 127.03 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.44 449.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 173.17 449.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 200.69 449.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 255.41 449.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 279.59 449.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 298.77 449.10 Td (December) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.85 449.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 342.93 449.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 366.00 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.07 449.10 Td (January ) Tj ET Q q 0 0 0 rg BT 419.91 449.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 442.99 449.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 464.95 449.10 Td (Exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.33 449.10 Td (above\). ) Tj ET Q q 0 0 0 rg BT 544.11 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 449.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 72.65 437.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 123.01 437.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 152.27 437.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 178.74 437.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 209.66 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 222.80 437.10 Td (December ) Tj ET Q q 0 0 0 rg BT 267.04 437.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 282.69 437.10 Td (2023, ) Tj ET Q q 0 0 0 rg BT 308.33 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.92 437.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.50 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 368.32 437.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 402.56 437.10 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 459.03 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.96 437.10 Td (arrears ) Tj ET Q q 0 0 0 rg BT 500.30 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.45 437.10 Td (June ) Tj ET Q q 0 0 0 rg BT 534.93 437.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 548.08 437.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.03 425.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 105.47 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.25 425.10 Td (each ) Tj ET Q q 0 0 0 rg BT 137.00 425.10 Td (year) Tj ET Q q 0 0 0 rg BT 153.81 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 158.76 425.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 201.19 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.42 425.10 Td (June ) Tj ET Q q 0 0 0 rg BT 232.19 425.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 257.13 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.40 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 268.04 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 274.92 425.10 Td (do ) Tj ET Q q 0 0 0 rg BT 287.37 425.10 Td (not ) Tj ET Q q 0 0 0 rg BT 302.59 425.10 Td (have ) Tj ET Q q 0 0 0 rg BT 323.91 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.57 425.10 Td (right ) Tj ET Q q 0 0 0 rg BT 359.90 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.12 425.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 401.99 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.65 425.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 439.09 425.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 488.75 425.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 517.30 425.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 543.08 425.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 413.10 Td (their ) Tj ET Q q 0 0 0 rg BT 80.76 413.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 114.00 413.10 Td (. ) Tj ET Q q 0 0 0 rg BT 119.07 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.47 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 139.59 413.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 162.17 413.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 211.97 413.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 240.65 413.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 266.56 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.35 413.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 328.91 413.10 Td (into ) Tj ET Q q 0 0 0 rg BT 347.05 413.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 374.62 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.53 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.44 413.10 Td (common ) Tj ET Q q 0 0 0 rg BT 439.01 413.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 462.70 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 472.49 413.10 Td (any ) Tj ET Q q 0 0 0 rg BT 489.51 413.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 512.37 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 522.16 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 413.10 Td (option ) 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 60.07 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.52 401.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 108.70 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 118.16 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.83 401.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 142.06 401.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.63 401.10 Td (281.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.13 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.37 401.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 209.60 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.16 401.10 Td (common ) Tj ET Q q 0 0 0 rg BT 257.40 401.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 280.75 401.10 Td (per ) Tj ET Q q 0 0 0 rg BT 295.75 401.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 325.49 401.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 363.27 401.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 395.51 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.07 401.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 428.31 401.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 477.76 401.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 506.11 401.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 534.18 401.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.60 389.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 105.58 389.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 156.67 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.77 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.31 389.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 230.51 389.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 248.82 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.58 389.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 307.12 389.10 Td (price ) Tj ET Q q 0 0 0 rg BT 330.42 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 351.52 389.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 383.16 389.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 396.76 389.10 Td (among ) Tj ET Q q 0 0 0 rg BT 427.30 389.10 Td (other ) Tj ET Q q 0 0 0 rg BT 451.17 389.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 481.44 389.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 505.87 389.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 548.08 389.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 104.97 377.10 Td (mer) Tj ET Q q 0 0 0 rg BT 120.33 377.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 139.96 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.36 377.10 Td (reclassifications. ) Tj ET Q q 0 0 0 rg BT 227.24 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.99 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 248.50 377.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 271.47 377.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 321.64 377.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 350.72 377.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 377.01 377.10 Td (will ) Tj ET Q q 0 0 0 rg BT 395.53 377.10 Td (be ) Tj ET Q q 0 0 0 rg BT 407.93 377.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 465.32 377.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 507.71 377.10 Td (into ) Tj ET Q q 0 0 0 rg BT 526.23 377.10 Td (shares ) 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 (common ) Tj ET Q q 0 0 0 rg BT 87.29 365.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.20 365.10 Td (at ) Tj ET Q q 0 0 0 rg BT 121.21 365.10 Td (this ) Tj ET Q q 0 0 0 rg BT 138.46 365.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 156.24 365.10 Td (if ) Tj ET Q q 0 0 0 rg BT 165.14 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.16 365.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 212.95 365.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 252.40 365.10 Td (average ) Tj ET Q q 0 0 0 rg BT 286.28 365.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 317.40 365.10 Td (price ) Tj ET Q q 0 0 0 rg BT 340.19 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.31 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.33 365.10 Td (Company) Tj ET Q q 0 0 0 rg BT 407.99 365.10 Td (s ) Tj ET Q q 0 0 0 rg BT 414.68 365.10 Td (common ) Tj ET Q q 0 0 0 rg BT 452.47 365.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 476.38 365.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 504.72 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.85 365.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 550.29 365.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 89.83 353.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 115.43 353.10 Td (which ) Tj ET Q q 0 0 0 rg BT 142.98 353.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 177.20 353.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.98 353.10 Td ($3.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.48 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.59 353.10 Td (per ) Tj ET Q q 0 0 0 rg BT 228.47 353.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 255.18 353.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.95 353.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.95 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.06 353.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 314.50 353.10 Td (days ) Tj ET Q q 0 0 0 rg BT 335.94 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.83 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 364.38 353.10 Td (period ) Tj ET Q q 0 0 0 rg BT 393.04 353.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.48 353.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.48 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.60 353.10 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 467.91 353.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 499.35 353.10 Td (days, ) Tj ET Q q 0 0 0 rg BT 523.29 353.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 353.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 97.66 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.61 341.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 138.43 341.10 Td (other ) Tj ET Q q 0 0 0 rg BT 161.59 341.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 208.37 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.41 341.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 260.31 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 265.43 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.27 341.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 321.77 341.10 Td (may) Tj ET Q q 0 0 0 rg BT 338.34 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.45 341.10 Td (based ) Tj ET Q q 0 0 0 rg BT 368.84 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.46 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.51 341.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 446.67 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.61 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 469.68 341.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 496.73 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.68 341.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 547.51 341.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (such ) Tj ET Q q 0 0 0 rg BT 69.44 329.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 103.25 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 117.07 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.46 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.28 329.10 Td (best ) Tj ET Q q 0 0 0 rg BT 158.00 329.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 192.94 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.87 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.70 329.10 Td (Company) Tj ET Q q 0 0 0 rg BT 254.94 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 259.05 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 329.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 305.03 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.41 329.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 343.23 329.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 390.11 329.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 424.48 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.30 329.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 483.79 329.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 500.38 329.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 529.76 329.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.61 317.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 105.82 317.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 123.14 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.14 317.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 162.80 317.10 Td (until ) Tj ET Q q 0 0 0 rg BT 183.46 317.10 Td (January ) Tj ET Q q 0 0 0 rg BT 216.90 317.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 226.73 317.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 249.06 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.17 317.10 Td (no ) Tj ET Q q 0 0 0 rg BT 271.50 317.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 301.58 317.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.13 317.10 Td (393.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.63 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.96 317.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 378.29 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.95 317.10 Td (common ) Tj ET Q q 0 0 0 rg BT 426.27 317.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 449.71 317.10 Td (per ) Tj ET Q q 0 0 0 rg BT 464.81 317.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 494.65 317.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.52 317.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.08 305.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 82.34 305.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 131.81 305.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 160.17 305.10 Td (Notes\). ) Tj ET Q q 0 0 0 rg BT 191.58 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.34 305.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 212.82 305.10 Td (such ) Tj ET Q q 0 0 0 rg BT 233.40 305.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 279.54 305.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 296.78 305.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 331.78 305.10 Td (would ) Tj ET Q q 0 0 0 rg BT 359.04 305.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 383.50 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.19 305.10 Td (proportional ) Tj ET Q q 0 0 0 rg BT 441.88 305.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 478.55 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.58 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.06 305.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 542.53 305.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.00 293.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 109.61 293.10 Td (conversions, ) Tj ET Q q 0 0 0 rg BT 162.73 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.01 293.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 212.84 293.10 Td (would ) Tj ET Q q 0 0 0 rg BT 240.68 293.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 269.62 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.68 293.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.41 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.03 293.10 Td (require ) Tj ET Q q 0 0 0 rg BT 368.19 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.48 293.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 421.08 293.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 467.81 293.10 Td (into ) Tj ET Q q 0 0 0 rg BT 486.21 293.10 Td (common ) Tj ET Q q 0 0 0 rg BT 524.05 293.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 548.00 293.10 Td (at ) Tj ET Q q 0 0 0 rg BT 558.06 293.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 74.77 281.10 Td (price ) Tj ET Q q 0 0 0 rg BT 97.25 281.10 Td (than ) Tj ET Q q 0 0 0 rg BT 116.97 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.69 281.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 157.52 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.35 281.10 Td (then-prevailing ) Tj ET Q q 0 0 0 rg BT 231.94 281.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 271.65 281.10 Td (price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 115.50 257.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 162.42 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.68 257.10 Td (Indentur) Tj ET Q q 0 0 0 rg BT 210.84 257.10 Td (es ) Tj ET Q q 0 0 0 rg BT 221.09 257.10 Td (for) Tj ET Q q 0 0 0 rg BT 233.68 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.59 257.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 288.06 257.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 315.65 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.57 257.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.95 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.87 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.79 257.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 369.69 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.93 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.07 257.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 437.64 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.22 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.35 257.10 Td (2024 ) Tj ET Q q 0 0 0 rg BT 487.27 257.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 536.39 257.10 Td (Senior ) 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 75.66 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.93 245.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 115.75 245.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 165.79 245.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 194.73 245.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 220.89 245.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 257.04 245.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 301.53 245.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 344.34 245.10 Td (that ) Tj ET Q q 0 0 0 rg BT 362.17 245.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 392.76 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.92 245.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 437.30 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.56 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.61 245.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 497.99 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.15 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.31 245.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 98.06 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.18 233.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 120.18 233.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 142.06 233.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 183.39 233.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 204.73 233.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 217.73 233.10 Td (make ) Tj ET Q q 0 0 0 rg BT 240.73 233.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 292.62 233.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 305.62 233.10 Td (create ) Tj ET Q q 0 0 0 rg BT 330.82 233.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 351.05 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.39 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.06 233.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 401.73 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.40 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.96 233.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.63 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.30 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.97 233.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 512.51 233.10 Td (subsidiaries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 63.06 221.10 Td (create ) Tj ET Q q 0 0 0 rg BT 88.81 221.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 133.49 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.38 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.50 221.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 186.95 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.17 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.40 221.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 251.50 221.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 300.61 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.28 221.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 326.62 221.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 367.40 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.63 221.10 Td (make ) Tj ET Q q 0 0 0 rg BT 401.18 221.10 Td (other ) Tj ET Q q 0 0 0 rg BT 423.62 221.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 463.84 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.52 221.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 492.63 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.86 221.10 Td (other ) Tj ET Q q 0 0 0 rg BT 525.30 221.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 101.86 209.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 115.88 209.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 146.56 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.70 209.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.83 209.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.97 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.66 209.10 Td (af) Tj ET Q q 0 0 0 rg BT 250.25 209.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 282.61 209.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 296.63 209.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 329.53 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.22 209.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 356.47 209.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 382.17 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.86 209.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 436.33 209.10 Td (stock; ) Tj ET Q q 0 0 0 rg BT 462.58 209.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 476.60 209.10 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 527.01 209.10 Td (mer) Tj ET Q q 0 0 0 rg BT 542.38 209.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 554.18 209.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 82.47 197.10 Td (all ) Tj ET Q q 0 0 0 rg BT 94.90 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.66 197.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 158.65 197.10 Td (all ) Tj ET Q q 0 0 0 rg BT 171.07 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.84 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.60 197.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 223.36 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.24 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.89 197.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.65 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.41 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.18 197.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 346.81 197.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 399.24 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.11 197.10 Td (\(8\)make ) Tj ET Q q 0 0 0 rg BT 454.36 197.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 493.99 197.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 534.75 197.10 Td (\(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 84.82 185.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 114.04 185.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 154.92 185.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.92 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.24 185.10 Td (common ) Tj ET Q q 0 0 0 rg BT 219.24 185.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.34 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.67 185.10 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 299.37 185.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 353.01 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.34 185.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 394.77 185.10 Td (such ) Tj ET Q q 0 0 0 rg BT 415.10 185.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 438.20 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.53 185.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 502.18 185.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 521.39 185.10 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 83.77 173.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 110.82 173.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 165.09 173.10 Td (notes\)\), ) Tj ET Q q 0 0 0 rg BT 197.97 173.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 236.12 173.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.73 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.12 173.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 293.93 173.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 353.18 173.10 Td (we ) Tj ET Q q 0 0 0 rg BT 367.45 173.10 Td (may ) Tj ET Q q 0 0 0 rg BT 387.28 173.10 Td (make ) Tj ET Q q 0 0 0 rg BT 411.54 173.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 452.48 173.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 492.29 173.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 533.23 173.10 Td (so ) Tj ET Q q 0 0 0 rg BT 544.73 173.10 Td (long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.99 161.10 Td (we ) Tj ET Q q 0 0 0 rg BT 73.81 161.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 110.96 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.56 161.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 138.05 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.54 161.10 Td (total ) Tj ET Q q 0 0 0 rg BT 168.47 161.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 187.85 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.79 161.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 233.90 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.06 161.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 249.88 161.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 282.02 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.96 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.34 161.10 Td (indentures\) ) Tj ET Q q 0 0 0 rg BT 353.49 161.10 Td (not ) Tj ET Q q 0 0 0 rg BT 368.43 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.36 161.10 Td (exceed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.62 161.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.12 161.10 Td (to1.0\(both ) Tj ET Q q 0 0 0 rg BT 472.17 161.10 Td (before ) Tj ET Q q 0 0 0 rg BT 499.86 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.46 161.10 Td (after ) Tj ET Q q 0 0 0 rg BT 536.94 161.10 Td (giving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 149.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.41 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.53 149.10 Td (any ) Tj ET Q q 0 0 0 rg BT 101.31 149.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 140.86 149.10 Td (payment\). ) Tj ET Q q 0 0 0 rg BT 183.46 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.29 149.10 Td (As ) Tj ET Q q 0 0 0 rg BT 198.74 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.41 149.10 Td (December ) Tj ET Q q 0 0 0 rg BT 252.84 149.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 267.68 149.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 292.52 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 306.52 149.10 Td (were ) Tj ET Q q 0 0 0 rg BT 328.29 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.41 149.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 386.84 149.10 Td (with ) Tj ET Q q 0 0 0 rg BT 406.96 149.10 Td (all ) Tj ET Q q 0 0 0 rg BT 419.30 149.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.86 149.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 481.18 149.10 Td (under ) Tj ET Q q 0 0 0 rg BT 506.29 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 149.10 Td (indentures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.20 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.48 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.31 137.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 152.79 137.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 179.73 137.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.60 113.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 140.45 113.10 Td (Notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 89.10 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 9.93 72.50 86.94 cm /I30 Do Q q 0 0 0 rg BT 80.00 89.10 Td (% ) Tj ET Q q 0 0 0 rg BT 92.90 89.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.49 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.39 89.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 184.64 89.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 211.42 89.10 Td (due ) Tj ET Q q 0 0 0 rg BT 229.88 89.10 Td (2021) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.88 89.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.38 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.28 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.17 89.10 Td (In ) Tj ET Q q 0 0 0 rg BT 269.40 89.10 Td (February ) Tj ET Q q 0 0 0 rg BT 308.40 89.10 Td (201) Tj ET Q q 0 0 0 rg BT 323.03 89.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 333.42 89.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.98 89.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.88 89.10 Td ($400 ) Tj ET Q q 0 0 0 rg BT 398.77 89.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.56 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.79 89.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 464.69 89.10 Td (Notes.) Tj ET Q q 0 0 0 rg BT 495.34 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 513.78 89.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.68 89.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.56 77.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 96.38 77.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 128.43 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 138.26 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.32 77.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 162.92 77.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.87 77.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.70 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.32 77.10 Td (per ) Tj ET Q q 0 0 0 rg BT 222.70 77.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 255.04 77.10 Td (were ) Tj ET Q q 0 0 0 rg BT 277.08 77.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 296.37 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 306.20 77.10 Td (par) Tj ET Q q 0 0 0 rg BT 318.42 77.10 Td (. ) Tj ET Q q 0 0 0 rg BT 323.54 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.97 77.10 Td (The ) Tj ET Q q 0 0 0 rg BT 344.13 77.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 366.75 77.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 392.69 77.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 423.08 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.12 77.10 Td (August15, ) Tj ET Q q 0 0 0 rg BT 481.62 77.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 506.74 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.80 77.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 555.85 77.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.58 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 96.56 65.10 Td (February ) Tj ET Q q 0 0 0 rg BT 135.64 65.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 148.63 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.39 65.10 Td (August ) Tj ET Q q 0 0 0 rg BT 197.26 65.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 210.25 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.56 65.10 Td (each ) Tj ET Q q 0 0 0 rg BT 242.86 65.10 Td (year) Tj ET Q q 0 0 0 rg BT 259.52 65.10 Td (.) Tj ET Q q 0 0 0 rg BT 266.46 65.10 Td (At ) Tj ET Q q 0 0 0 rg BT 279.45 65.10 Td (any ) Tj ET Q q 0 0 0 rg BT 296.87 65.10 Td (time ) Tj ET Q q 0 0 0 rg BT 317.63 65.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 340.05 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.15 65.10 Td (August ) Tj ET Q q 0 0 0 rg BT 382.03 65.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 397.51 65.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 422.99 65.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.64 65.10 Td (may ) Tj ET Q q 0 0 0 rg BT 457.84 65.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 490.24 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.44 65.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 528.43 65.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.74 65.10 Td (in ) 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 (whole ) Tj ET Q q 0 0 0 rg BT 77.16 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 88.71 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.70 713.10 Td (part ) Tj ET Q q 0 0 0 rg BT 118.47 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 128.91 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.46 713.10 Td (option ) Tj ET Q q 0 0 0 rg BT 174.23 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 184.67 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.33 713.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 241.09 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 264.29 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.84 713.10 Td (102.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.67 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.89 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.44 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.88 713.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 385.64 713.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 421.35 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.01 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 449.44 713.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 489.88 713.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 538.64 713.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 87.40 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 92.40 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 103.23 701.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 141.82 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.10 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.82 701.10 Td (indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 92.29 677.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 119.89 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.18 677.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 182.82 677.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 208.99 677.10 Td (due ) Tj ET Q q 0 0 0 rg BT 226.85 677.10 Td (2022. ) Tj ET Q q 0 0 0 rg BT 251.64 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.93 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 264.04 677.10 Td (April ) Tj ET Q q 0 0 0 rg BT 287.44 677.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 312.23 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 326.18 677.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.47 677.10 Td ($1.25 ) Tj ET Q q 0 0 0 rg BT 378.26 677.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.37 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.66 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.28 677.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 439.57 677.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 467.69 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.82 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.65 677.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 509.94 677.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 538.06 677.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 69.55 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 101.83 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 111.89 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.18 665.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.01 665.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.19 665.10 Td (5.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.02 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.86 665.10 Td (per ) Tj ET Q q 0 0 0 rg BT 187.48 665.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 220.04 665.10 Td (were ) Tj ET Q q 0 0 0 rg BT 242.31 665.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 261.83 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 271.89 665.10 Td (par) Tj ET Q q 0 0 0 rg BT 284.11 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.45 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.09 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 310.49 665.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 333.33 665.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 359.51 665.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 390.12 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.96 665.10 Td (May1, ) Tj ET Q q 0 0 0 rg BT 434.14 665.10 Td (2022, ) Tj ET Q q 0 0 0 rg BT 459.48 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.77 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.05 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 518.56 665.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 552.50 665.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (May ) Tj ET Q q 0 0 0 rg BT 70.13 653.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 77.43 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.17 653.10 Td (November ) Tj ET Q q 0 0 0 rg BT 138.68 653.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 145.98 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.61 653.10 Td (each ) Tj ET Q q 0 0 0 rg BT 177.23 653.10 Td (year) Tj ET Q q 0 0 0 rg BT 193.89 653.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.69 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.48 653.10 Td (At ) Tj ET Q q 0 0 0 rg BT 212.78 653.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.52 653.10 Td (time ) Tj ET Q q 0 0 0 rg BT 249.60 653.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 271.33 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.41 653.10 Td (May ) Tj ET Q q 0 0 0 rg BT 302.05 653.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 311.85 653.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 336.65 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.61 653.10 Td (may ) Tj ET Q q 0 0 0 rg BT 370.13 653.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 401.85 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.37 653.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 438.67 653.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 464.30 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.38 653.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 501.12 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.75 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.83 653.10 Td (part ) Tj ET Q q 0 0 0 rg BT 539.68 653.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.20 653.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 80.14 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 89.94 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.97 641.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 145.10 641.10 Td (price ) Tj ET Q q 0 0 0 rg BT 167.67 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.58 641.10 Td (104.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.41 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.00 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.91 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.72 641.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 285.84 641.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 320.92 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.95 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 347.75 641.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 387.55 641.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 435.67 641.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 462.14 641.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 500.04 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 505.12 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.04 641.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 554.72 641.10 Td (in ) 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 64.22 629.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 106.98 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.30 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.35 629.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 149.85 629.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 175.68 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.38 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 205.66 629.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 236.49 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.77 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 263.70 629.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 295.65 629.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 316.48 629.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 605.10 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 9.93 72.50 602.94 cm /I31 Do Q q 0 0 0 rg BT 80.00 605.10 Td (% ) Tj ET Q q 0 0 0 rg BT 93.10 605.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.70 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.81 605.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 185.27 605.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 212.25 605.10 Td (due ) Tj ET Q q 0 0 0 rg BT 230.92 605.10 Td (2023) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.92 605.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.42 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.52 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.63 605.10 Td (In ) Tj ET Q q 0 0 0 rg BT 271.06 605.10 Td (February ) Tj ET Q q 0 0 0 rg BT 310.26 605.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 335.87 605.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.63 605.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.74 605.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 399.34 605.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.46 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.56 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.00 605.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 463.10 605.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 492.03 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.91 605.10 Td (The ) Tj ET Q q 0 0 0 rg BT 513.57 605.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 536.67 605.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.04 593.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 97.35 593.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.89 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 140.21 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.75 593.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 165.84 593.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.27 593.10 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.10 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.20 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 227.08 593.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 259.90 593.10 Td (were ) Tj ET Q q 0 0 0 rg BT 282.43 593.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 302.20 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 312.52 593.10 Td (par) Tj ET Q q 0 0 0 rg BT 324.74 593.10 Td (. ) Tj ET Q q 0 0 0 rg BT 330.34 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.22 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 351.87 593.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 374.97 593.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 401.40 593.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 432.27 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.37 593.10 Td (July15, ) Tj ET Q q 0 0 0 rg BT 480.15 593.10 Td (2023, ) Tj ET Q q 0 0 0 rg BT 505.75 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.29 593.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 555.83 593.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.75 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 96.91 581.10 Td (January ) Tj ET Q q 0 0 0 rg BT 131.16 581.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 144.32 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.91 581.10 Td (July ) Tj ET Q q 0 0 0 rg BT 181.74 581.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 194.89 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.38 581.10 Td (each ) Tj ET Q q 0 0 0 rg BT 227.85 581.10 Td (year) Tj ET Q q 0 0 0 rg BT 244.50 581.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.16 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.09 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.72 581.10 Td (e ) Tj ET Q q 0 0 0 rg BT 269.32 581.10 Td (may ) Tj ET Q q 0 0 0 rg BT 289.69 581.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 322.27 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.64 581.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 360.80 581.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 387.28 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.22 581.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 425.81 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.30 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.23 581.10 Td (part ) Tj ET Q q 0 0 0 rg BT 466.94 581.10 Td (at ) Tj ET Q q 0 0 0 rg BT 477.31 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.79 581.10 Td (option ) Tj ET Q q 0 0 0 rg BT 522.51 581.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.49 569.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 98.88 569.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 124.28 569.10 Td (at ) Tj ET Q q 0 0 0 rg BT 134.39 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.72 569.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 190.15 569.10 Td (price ) Tj ET Q q 0 0 0 rg BT 213.03 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.26 569.10 Td (102.313%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.09 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.98 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.20 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.31 569.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 332.75 569.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 368.14 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.47 569.10 Td (at ) Tj ET Q q 0 0 0 rg BT 395.58 569.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 435.68 569.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 484.12 569.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 510.89 569.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 548.79 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 554.18 569.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 88.09 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.37 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.09 557.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 155.85 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.17 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 176.22 557.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 198.72 557.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 224.55 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 239.26 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 254.53 557.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 285.36 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.64 557.10 Td (any ) Tj ET Q q 0 0 0 rg BT 312.58 557.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 344.52 557.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 365.35 557.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 116.66 533.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 164.74 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.15 533.10 Td (Indentur) Tj ET Q q 0 0 0 rg BT 214.32 533.10 Td (es ) Tj ET Q q 0 0 0 rg BT 225.72 533.10 Td (for) Tj ET Q q 0 0 0 rg BT 238.31 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.39 533.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 268.98 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.06 533.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 333.49 533.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.87 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.95 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.02 533.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 389.08 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.49 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.78 533.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 460.51 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.25 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.54 533.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 513.61 533.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 542.52 533.10 Td (2022 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.68 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.97 521.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 115.83 521.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 142.01 521.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 178.19 521.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 208.24 521.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 251.08 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 268.93 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 283.99 521.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 324.05 521.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 366.89 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.19 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 402.03 521.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 432.65 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.83 521.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 477.24 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.53 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.60 521.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 538.00 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 521.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 90.56 509.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 141.64 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.29 509.10 Td (take ) Tj ET Q q 0 0 0 rg BT 173.80 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.00 509.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 215.96 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 247.03 509.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 281.72 509.10 Td (including ) Tj ET Q q 0 0 0 rg BT 323.35 509.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 371.65 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.51 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.70 509.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 432.12 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.42 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.50 509.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 495.91 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.11 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.30 509.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 98.06 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.18 497.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 120.18 497.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 142.06 497.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 183.39 497.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 204.73 497.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 217.73 497.10 Td (make ) Tj ET Q q 0 0 0 rg BT 240.73 497.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 292.62 497.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 305.62 497.10 Td (create ) Tj ET Q q 0 0 0 rg BT 330.82 497.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 351.05 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.39 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.06 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 401.73 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.40 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.96 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.63 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.30 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.97 497.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 512.51 497.10 Td (subsidiaries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 62.98 485.10 Td (create ) Tj ET Q q 0 0 0 rg BT 88.66 485.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 134.91 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 146.73 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.76 485.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 188.13 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.28 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.43 485.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 252.45 485.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 301.48 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.08 485.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 327.33 485.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 368.04 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.19 485.10 Td (make ) Tj ET Q q 0 0 0 rg BT 401.66 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 424.03 485.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 464.17 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.76 485.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 492.80 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.95 485.10 Td (other ) Tj ET Q q 0 0 0 rg BT 525.32 485.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 101.86 473.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 115.88 473.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 146.56 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.70 473.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.83 473.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.97 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.66 473.10 Td (af) Tj ET Q q 0 0 0 rg BT 250.25 473.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 282.61 473.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 296.63 473.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 329.53 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.22 473.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 356.47 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 382.17 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.86 473.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 436.33 473.10 Td (stock; ) Tj ET Q q 0 0 0 rg BT 462.58 473.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 476.60 473.10 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 527.01 473.10 Td (mer) Tj ET Q q 0 0 0 rg BT 542.38 473.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 554.18 473.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 82.47 461.10 Td (all ) Tj ET Q q 0 0 0 rg BT 94.90 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.67 461.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 158.66 461.10 Td (all ) Tj ET Q q 0 0 0 rg BT 171.09 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.85 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.62 461.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 223.38 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.26 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.91 461.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.68 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.44 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.21 461.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 346.84 461.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 399.28 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.15 461.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 430.25 461.10 Td (make ) Tj ET Q q 0 0 0 rg BT 454.34 461.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 493.97 461.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 534.73 461.10 Td (\(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 84.81 449.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 114.00 449.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 154.87 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.85 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.17 449.10 Td (common ) Tj ET Q q 0 0 0 rg BT 219.14 449.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.23 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.54 449.10 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 299.23 449.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 352.85 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.17 449.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 394.58 449.10 Td (such ) Tj ET Q q 0 0 0 rg BT 414.89 449.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 437.98 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.29 449.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 501.93 449.10 Td (debt\), ) Tj ET Q q 0 0 0 rg BT 526.96 449.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.87 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.47 437.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 121.05 437.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 161.76 437.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 200.23 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.39 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.98 437.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 269.02 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.06 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.65 437.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 320.03 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.85 437.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 359.23 437.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 384.94 437.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 402.87 437.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 429.68 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.50 437.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 468.88 437.10 Td (Indentures\) ) Tj ET Q q 0 0 0 rg BT 521.24 437.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 553.61 437.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.99 425.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 89.91 425.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 149.27 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.76 425.10 Td (make ) Tj ET Q q 0 0 0 rg BT 184.14 425.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 225.18 425.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 265.10 425.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 306.14 425.10 Td (so ) Tj ET Q q 0 0 0 rg BT 317.75 425.10 Td (long ) Tj ET Q q 0 0 0 rg BT 338.25 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.29 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 363.67 425.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 401.37 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.53 425.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 429.57 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.62 425.10 Td (total ) Tj ET Q q 0 0 0 rg BT 461.11 425.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 481.04 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.53 425.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 527.64 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.36 425.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 554.18 425.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.97 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.24 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.95 413.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 129.44 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.37 413.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 168.85 413.10 Td (Indentures\) ) Tj ET Q q 0 0 0 rg BT 216.88 413.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.15 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.42 413.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.66 413.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.16 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.65 413.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.92 413.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.42 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.91 413.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 336.50 413.10 Td (before ) Tj ET Q q 0 0 0 rg BT 364.53 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.46 413.10 Td (after ) Tj ET Q q 0 0 0 rg BT 402.26 413.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 430.31 413.10 Td (ef) Tj ET Q q 0 0 0 rg BT 437.90 413.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 455.37 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.64 413.10 Td (any ) Tj ET Q q 0 0 0 rg BT 482.57 413.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 522.26 413.10 Td (payment\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (although ) Tj ET Q q 0 0 0 rg BT 87.40 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.96 401.10 Td (will ) Tj ET Q q 0 0 0 rg BT 120.42 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 136.10 401.10 Td (be ) Tj ET Q q 0 0 0 rg BT 148.44 401.10 Td (able ) Tj ET Q q 0 0 0 rg BT 168.00 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.68 401.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 208.23 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.35 401.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 260.67 401.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 291.33 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.57 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.69 401.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 357.79 401.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 395.13 401.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 434.12 401.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 476.47 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.15 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.27 401.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 525.17 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.51 401.10 Td (2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (Indentures ) Tj ET Q q 0 0 0 rg BT 94.37 389.10 Td (until ) Tj ET Q q 0 0 0 rg BT 115.37 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.26 389.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 152.92 389.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 178.92 389.10 Td (have ) Tj ET Q q 0 0 0 rg BT 200.46 389.10 Td (been ) Tj ET Q q 0 0 0 rg BT 222.00 389.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 263.53 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.53 389.10 Td (retired. ) Tj ET Q q 0 0 0 rg BT 305.79 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.87 389.10 Td (As ) Tj ET Q q 0 0 0 rg BT 321.65 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.64 389.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 391.39 389.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.39 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.56 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 430.88 389.10 Td (were ) Tj ET Q q 0 0 0 rg BT 452.98 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.42 389.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 512.18 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.62 389.10 Td (all ) Tj ET Q q 0 0 0 rg BT 545.28 389.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 91.99 377.10 Td (under ) Tj ET Q q 0 0 0 rg BT 117.25 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.97 377.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 176.13 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 205.83 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.11 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.94 377.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 258.88 377.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 313.03 377.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 353.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 89.39 353.10 Td (Repur) Tj ET Q q 0 0 0 rg BT 116.43 353.10 Td (chases ) Tj ET Q q 0 0 0 rg BT 145.54 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.76 353.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 183.36 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.25 353.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 245.49 353.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 273.76 353.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 353.10 Td (During ) Tj ET Q q 0 0 0 rg BT 305.87 353.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 330.26 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 343.81 353.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 394.01 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.34 353.10 Td (total ) Tj ET Q q 0 0 0 rg BT 420.00 353.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.22 353.10 Td ($181.9 ) Tj ET Q q 0 0 0 rg BT 459.61 353.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.39 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.61 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.83 353.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 92.02 341.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 149.27 341.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 192.92 341.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.33 341.10 Td ($9.8 ) Tj ET Q q 0 0 0 rg BT 224.92 341.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.82 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.91 341.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 295.54 341.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.62 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.04 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.46 341.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 379.55 341.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.47 341.10 Td ($66.1 ) Tj ET Q q 0 0 0 rg BT 434.06 341.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.95 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.04 341.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 504.68 341.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 537.76 341.10 Td (of ) 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 (2022 ) Tj ET Q q 0 0 0 rg BT 71.48 329.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 99.28 329.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.70 329.10 Td ($106.0 ) Tj ET Q q 0 0 0 rg BT 145.17 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.07 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.04 329.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 213.56 329.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.53 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.84 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 271.15 329.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 293.12 329.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 318.43 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.18 329.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 380.69 329.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 430.43 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.07 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.49 329.10 Td (total ) Tj ET Q q 0 0 0 rg BT 470.24 329.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 507.75 329.10 Td (price ) Tj ET Q q 0 0 0 rg BT 529.71 329.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 329.10 Td ($76.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.64 317.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 127.82 317.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 162.65 317.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 198.33 317.10 Td (In ) Tj ET Q q 0 0 0 rg BT 210.41 317.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 258.03 317.10 Td (with ) Tj ET Q q 0 0 0 rg BT 279.56 317.10 Td (these ) Tj ET Q q 0 0 0 rg BT 303.85 317.10 Td (series ) Tj ET Q q 0 0 0 rg BT 330.37 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.44 317.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 396.46 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 411.86 317.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 459.47 317.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.66 317.10 Td ($103.1 ) Tj ET Q q 0 0 0 rg BT 498.91 317.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 531.55 317.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 552.51 317.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (extinguishment, ) Tj ET Q q 0 0 0 rg BT 116.16 305.10 Td (net ) Tj ET Q q 0 0 0 rg BT 130.88 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.71 305.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 194.19 305.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 213.90 305.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 250.28 305.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 272.78 305.10 Td (written ) Tj ET Q q 0 0 0 rg BT 303.61 305.10 Td (of) Tj ET Q q 0 0 0 rg BT 311.76 305.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 320.09 305.10 Td (during ) Tj ET Q q 0 0 0 rg BT 348.69 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.41 305.10 Td (year ) Tj ET Q q 0 0 0 rg BT 383.12 305.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 409.50 305.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 468.08 305.10 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 86.44 281.10 Td (Financings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.46 257.10 Td (May ) Tj ET Q q 0 0 0 rg BT 99.42 257.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 124.55 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.84 257.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 167.02 257.10 Td (two ) Tj ET Q q 0 0 0 rg BT 184.65 257.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 235.05 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.46 257.10 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 289.75 257.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 308.44 257.10 Td (gy) Tj ET Q q 0 0 0 rg BT 317.79 257.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.92 257.10 Td (L.P) Tj ET Q q 0 0 0 rg BT 335.99 257.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.12 257.10 Td (\(Genesis\) ) Tj ET Q q 0 0 0 rg BT 390.95 257.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 431.91 257.10 Td (two ) Tj ET Q q 0 0 0 rg BT 449.54 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.50 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.46 257.10 Td (pipelines.) Tj ET Q q 0 0 0 rg BT 519.89 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 538.06 257.10 Td (NEJD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 86.24 245.10 Td (system ) Tj ET Q q 0 0 0 rg BT 117.98 245.10 Td (included ) Tj ET Q q 0 0 0 rg BT 156.38 245.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.78 245.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.78 245.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 199.29 245.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 241.01 245.10 Td (lease, ) Tj ET Q q 0 0 0 rg BT 267.46 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.87 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.05 245.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 323.78 245.10 Td (State ) Tj ET Q q 0 0 0 rg BT 347.74 245.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 384.48 245.10 Td (included ) Tj ET Q q 0 0 0 rg BT 422.88 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.28 245.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 474.68 245.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 534.19 245.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (agreement.) Tj ET Q q 0 0 0 rg BT 98.46 233.10 Td (These ) Tj ET Q q 0 0 0 rg BT 124.84 233.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 175.10 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.81 233.10 Td (both ) Tj ET Q q 0 0 0 rg BT 210.09 233.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 253.12 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.28 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.11 233.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 318.37 233.10 Td (leases.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 72.55 209.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 111.73 209.10 Td (Costs) 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 78.89 185.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 125.83 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.67 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.95 185.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 198.89 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.29 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.68 185.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 276.41 185.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 318.91 185.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 341.69 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.41 185.10 Td (have ) Tj ET Q q 0 0 0 rg BT 378.35 185.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 414.73 185.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.01 185.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 471.96 185.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 497.52 185.10 Td (which ) Tj ET Q q 0 0 0 rg BT 525.02 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 540.29 185.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 93.87 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.03 173.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.86 173.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 176.45 173.10 Td (using ) Tj ET Q q 0 0 0 rg BT 202.51 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.11 173.10 Td (straight ) Tj ET Q q 0 0 0 rg BT 253.50 173.10 Td (line ) Tj ET Q q 0 0 0 rg BT 272.88 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.60 173.10 Td (ef) Tj ET Q q 0 0 0 rg BT 293.18 173.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 324.77 173.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.59 173.10 Td (method ) Tj ET Q q 0 0 0 rg BT 392.98 173.10 Td (over ) Tj ET Q q 0 0 0 rg BT 415.13 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.74 173.10 Td (term ) Tj ET Q q 0 0 0 rg BT 454.45 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.17 173.10 Td (each ) Tj ET Q q 0 0 0 rg BT 489.87 173.10 Td (related ) Tj ET Q q 0 0 0 rg BT 521.46 173.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 554.17 173.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (borrowing.Remaining ) Tj ET Q q 0 0 0 rg BT 145.34 161.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 198.12 161.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 218.14 161.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 254.82 161.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.62 161.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.85 161.10 Td ($13.8 ) Tj ET Q q 0 0 0 rg BT 325.15 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.04 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.84 161.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.08 161.10 Td ($24.7 ) Tj ET Q q 0 0 0 rg BT 399.38 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.27 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.07 161.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.09 161.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 499.97 161.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.97 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.77 161.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 161.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 161.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 149.10 Td (.Issuance ) Tj ET Q q 0 0 0 rg BT 140.69 149.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 162.29 149.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 204.98 149.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.35 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.28 149.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 261.99 149.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 288.23 149.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 334.25 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.06 149.10 Td (included ) Tj ET Q q 0 0 0 rg BT 384.09 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.46 149.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 422.27 149.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 451.64 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.01 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.94 149.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 530.31 149.10 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 80.94 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.20 137.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 134.91 137.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 157.73 137.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 201.65 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 222.26 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.42 137.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 265.68 137.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 320.16 137.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 344.10 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 359.13 137.10 Td (included ) Tj ET Q q 0 0 0 rg BT 396.39 137.10 Td (as ) Tj ET Q q 0 0 0 rg BT 407.55 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.82 137.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 455.41 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.57 137.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 516.59 137.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 539.14 137.10 Td (net ) Tj ET Q q 0 0 0 rg BT 554.18 137.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.32 125.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 116.14 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.42 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.25 125.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 197.52 125.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 232.22 125.10 Td (Sheets.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Indebtedness ) Tj ET Q q 0 0 0 rg BT 108.13 713.25 Td (Repayment ) Tj ET Q q 0 0 0 rg BT 159.51 713.25 Td (Schedule) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.49 689.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.56 689.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.56 689.25 Td (, ) Tj ET Q q 0 0 0 rg BT 162.05 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 177.36 689.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 233.51 689.25 Td (including ) Tj ET Q q 0 0 0 rg BT 273.27 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.58 689.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 317.22 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.65 689.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 373.40 689.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 395.37 689.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 441.80 689.25 Td (but ) Tj ET Q q 0 0 0 rg BT 456.57 689.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 497.99 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.19 689.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 548.07 689.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 88.10 677.25 Td (on ) Tj ET Q q 0 0 0 rg BT 100.60 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 116.43 677.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 143.37 677.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 197.53 677.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 219.74 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 228.91 677.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 262.51 677.25 Td (over ) Tj ET Q q 0 0 0 rg BT 282.78 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.49 677.25 Td (next ) Tj ET Q q 0 0 0 rg BT 317.21 677.25 Td (five ) Tj ET Q q 0 0 0 rg BT 335.26 677.25 Td (years ) Tj ET Q q 0 0 0 rg BT 358.86 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.79 677.25 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 416.59 677.25 Td (as ) Tj ET Q q 0 0 0 rg BT 427.42 677.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 651.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 651.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 651.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 621.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 621.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 621.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 591.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 591.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 591.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 561.75 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 561.75 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 50 651.75 m 493 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 651.75 m 562 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 651.75 m 493 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 651.75 m 562 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 561.75 m 562 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 547.75 m 562 547.75 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 BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 656.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 656.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 641.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 641.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 641.42 Td (29,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 626.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 626.42 Td (502,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 611.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 611.42 Td (16,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 596.42 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 596.42 Td (845,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 581.42 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 581.42 Td (808,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 566.42 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 566.42 Td (572,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 551.42 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 551.42 Td (otal indebtedness) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 551.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 551.42 Td (2,775,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.50 547.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 523.25 Td (Note 6. Income ) Tj ET Q q 0 0 0 rg BT 115.97 523.25 Td (T) Tj ET Q q 0 0 0 rg BT 121.72 523.25 Td (axes) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 499.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.55 499.25 Td (income ) Tj ET Q q 0 0 0 rg BT 117.49 499.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.20 499.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 172.48 499.25 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 209.40 499.25 Td (is ) Tj ET Q q 0 0 0 rg BT 218.57 499.25 Td (as ) Tj ET Q q 0 0 0 rg BT 229.40 499.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 462.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 462.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 462.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 462.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 432.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 432.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 432.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 432.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 402.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 402.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 402.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 402.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 372.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 372.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 372.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 372.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 342.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 342.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 342.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 342.75 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 358.5 475.75 m 423.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 475.75 m 427.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 475.75 m 492.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 475.75 m 496.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 475.75 m 561.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 462.75 m 354.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 462.75 m 423.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 462.75 m 492.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 462.75 m 561.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 462.75 m 354.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 417.75 m 423.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 417.75 m 492.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 417.75 m 561.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 417.75 m 423.5 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 402.75 m 423.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 402.75 m 492.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 402.75 m 561.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 342.75 m 423.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 342.75 m 492.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 342.75 m 561.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 342.75 m 423.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 327.75 m 423.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 342.75 m 492.5 342.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 327.75 m 492.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 327.75 m 561.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 327.75 m 423.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 313.75 m 423.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 311.75 m 423.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 327.75 m 492.5 327.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 313.75 m 492.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 311.75 m 492.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 313.75 m 561.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 311.75 m 561.5 311.75 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 479.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 479.32 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 479.32 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 466.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 466.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 466.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 466.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 452.42 Td (Current income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 437.42 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 437.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 437.47 Td (\(19,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 437.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 437.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 437.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 437.47 Td (\(8,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 422.42 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 422.47 Td (\(1,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 422.47 Td (\(785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 422.42 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 407.42 Td (T) Tj ET Q q 0 0 0 rg BT 81.76 407.42 Td (otal current income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 407.47 Td (\(20,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 407.47 Td (\(785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 407.47 Td (\(8,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 377.42 Td (Deferred income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 377.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 377.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 377.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 362.42 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 362.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 392.13 362.47 Td (13,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 362.47 Td (\(521,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 362.47 Td (\(1,853,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 347.42 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 347.42 Td (18,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 347.47 Td (\(21,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 347.47 Td (\(78,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 332.42 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 332.42 Td (otal deferred income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 332.47 Td (\(95,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 332.47 Td (\(543,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 332.47 Td (\(1,932,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 317.42 Td (T) Tj ET Q q 0 0 0 rg BT 93.41 317.42 Td (otal income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 317.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 317.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 392.13 317.47 Td (16,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 317.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 317.47 Td (\(544,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 317.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 317.47 Td (\(1,940,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 289.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.21 289.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.00 289.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 289.25 Td (, ) Tj ET Q q 0 0 0 rg BT 164.21 289.25 Td (we ) Tj ET Q q 0 0 0 rg BT 178.58 289.25 Td (had ) Tj ET Q q 0 0 0 rg BT 195.73 289.25 Td (tax-ef) Tj ET Q q 0 0 0 rg BT 218.86 289.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.00 289.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 276.46 289.25 Td (net ) Tj ET Q q 0 0 0 rg BT 291.38 289.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 331.86 289.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 350.13 289.25 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 408.92 289.25 Td (\(NOLs\) ) Tj ET Q q 0 0 0 rg BT 451.60 289.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.87 289.25 Td ($18.6 ) Tj ET Q q 0 0 0 rg BT 510.07 289.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.97 289.25 Td (, ) Tj ET Q q 0 0 0 rg BT 544.17 289.25 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 75.83 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.15 277.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 106.25 277.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 134.79 277.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.22 277.25 Td ($51.5 ) Tj ET Q q 0 0 0 rg BT 191.61 277.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.50 277.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.38 277.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.71 277.25 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 258.09 277.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.98 277.25 Td (, ) Tj ET Q q 0 0 0 rg BT 291.37 277.25 Td (respectively ) Tj ET Q q 0 0 0 rg BT 341.56 277.25 Td (\(before ) Tj ET Q q 0 0 0 rg BT 372.31 277.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 411.97 277.25 Td (for ) Tj ET Q q 0 0 0 rg BT 425.52 277.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 464.61 277.25 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 512.86 277.25 Td (an ) Tj ET Q q 0 0 0 rg BT 524.18 277.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.25 Td ($51.5 ) Tj ET Q q 0 0 0 rg BT 74.87 265.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.76 265.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.63 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.83 265.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 158.46 265.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 171.89 265.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 209.73 265.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 239.26 265.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.91 265.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 273.32 265.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 307.84 265.25 Td (related ) Tj ET Q q 0 0 0 rg BT 337.91 265.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.56 265.25 Td (our ) Tj ET Q q 0 0 0 rg BT 364.76 265.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 396.51 265.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 443.53 265.25 Td (an ) Tj ET Q q 0 0 0 rg BT 455.84 265.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.03 265.25 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 522.41 265.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.30 265.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 265.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.25 Td (research ) Tj ET Q q 0 0 0 rg BT 85.61 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.86 253.25 Td (development ) Tj ET Q q 0 0 0 rg BT 157.31 253.25 Td (credits, ) Tj ET Q q 0 0 0 rg BT 189.28 253.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.52 253.25 Td ($20.3 ) Tj ET Q q 0 0 0 rg BT 231.83 253.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.72 253.25 Td ( ) Tj ET Q q 0 0 0 rg BT 263.53 253.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.66 253.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 319.67 253.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 361.37 253.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 376.39 253.25 Td (credits.Under ) Tj ET Q q 0 0 0 rg BT 438.34 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.16 253.25 Td (T) Tj ET Q q 0 0 0 rg BT 458.57 253.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 470.82 253.25 Td (Cut ) Tj ET Q q 0 0 0 rg BT 488.07 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.32 253.25 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 525.29 253.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 542.53 253.25 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 73.90 241.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 102.21 241.25 Td (by ) Tj ET Q q 0 0 0 rg BT 114.40 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.81 241.25 Td (President ) Tj ET Q q 0 0 0 rg BT 168.22 241.25 Td (on ) Tj ET Q q 0 0 0 rg BT 180.42 241.25 Td (December ) Tj ET Q q 0 0 0 rg BT 223.70 241.25 Td (22, ) Tj ET Q q 0 0 0 rg BT 238.39 241.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 263.09 241.25 Td (all ) Tj ET Q q 0 0 0 rg BT 275.28 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.80 241.25 Td (our ) Tj ET Q q 0 0 0 rg BT 301.33 241.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 345.72 241.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 386.80 241.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.22 241.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 430.07 241.25 Td (are ) Tj ET Q q 0 0 0 rg BT 444.47 241.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 465.55 241.25 Td (refundable ) Tj ET Q q 0 0 0 rg BT 510.50 241.25 Td (by ) Tj ET Q q 0 0 0 rg BT 522.69 241.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 547.39 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 549.42 241.25 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 241.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 85.94 229.25 Td (our ) Tj ET Q q 0 0 0 rg BT 101.83 229.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 148.83 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.72 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.50 229.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 212.03 229.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 226.81 229.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 257.14 229.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 300.79 229.25 Td (with ) Tj ET Q q 0 0 0 rg BT 321.13 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.91 229.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 369.57 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.46 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.68 229.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 411.68 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.02 229.25 Td (be ) Tj ET Q q 0 0 0 rg BT 434.02 229.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 487.13 229.25 Td (complete, ) Tj ET Q q 0 0 0 rg BT 528.84 229.25 Td (which ) Tj ET Q q 0 0 0 rg BT 555.84 229.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 87.84 217.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.98 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.57 217.25 Td (table ) Tj ET Q q 0 0 0 rg BT 137.37 217.25 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 185.71 217.25 Td (income ) Tj ET Q q 0 0 0 rg BT 218.51 217.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.10 217.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 269.67 217.25 Td (below) Tj ET Q q 0 0 0 rg BT 293.46 217.25 Td (. ) Tj ET Q q 0 0 0 rg BT 299.33 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.69 217.25 Td (Uncertainty ) Tj ET Q q 0 0 0 rg BT 353.26 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.96 217.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 403.32 217.25 Td (state ) Tj ET Q q 0 0 0 rg BT 425.01 217.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.59 217.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 475.06 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.76 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.60 217.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 521.90 217.25 Td (as ) Tj ET Q q 0 0 0 rg BT 533.60 217.25 Td (well ) Tj ET Q q 0 0 0 rg BT 554.18 217.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.87 205.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 135.35 205.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 173.83 205.25 Td (that ) Tj ET Q q 0 0 0 rg BT 191.20 205.25 Td (may ) Tj ET Q q 0 0 0 rg BT 210.80 205.25 Td (be ) Tj ET Q q 0 0 0 rg BT 222.63 205.25 Td (issued, ) Tj ET Q q 0 0 0 rg BT 252.51 205.25 Td (could ) Tj ET Q q 0 0 0 rg BT 277.11 205.25 Td (result ) Tj ET Q q 0 0 0 rg BT 301.71 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.87 205.25 Td (further ) Tj ET Q q 0 0 0 rg BT 341.46 205.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 356.06 205.25 Td (ef) Tj ET Q q 0 0 0 rg BT 363.65 205.25 Td (fects, ) Tj ET Q q 0 0 0 rg BT 387.41 205.25 Td (which ) Tj ET Q q 0 0 0 rg BT 414.23 205.25 Td (are ) Tj ET Q q 0 0 0 rg BT 428.82 205.25 Td (not ) Tj ET Q q 0 0 0 rg BT 443.98 205.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 481.89 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.05 205.25 Td (be ) Tj ET Q q 0 0 0 rg BT 503.88 205.25 Td (material ) Tj ET Q q 0 0 0 rg BT 539.02 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 205.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.14 193.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 134.51 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.18 193.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 155.39 193.25 Td (state ) Tj ET Q q 0 0 0 rg BT 176.38 193.25 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 203.48 193.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 231.13 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.57 193.25 Td (various ) Tj ET Q q 0 0 0 rg BT 273.67 193.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 299.92 193.25 Td (starting ) Tj ET Q q 0 0 0 rg BT 332.58 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.02 193.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 368.18 193.25 Td (although ) Tj ET Q q 0 0 0 rg BT 405.84 193.25 Td (most ) Tj ET Q q 0 0 0 rg BT 427.95 193.25 Td (do ) Tj ET Q q 0 0 0 rg BT 440.61 193.25 Td (not ) Tj ET Q q 0 0 0 rg BT 456.05 193.25 Td (begin ) Tj ET Q q 0 0 0 rg BT 480.93 193.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.37 193.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 519.01 193.25 Td (until ) Tj ET Q q 0 0 0 rg BT 540.01 193.25 Td (2024. ) Tj ET Q q 0 0 0 rg BT 565.01 193.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.55 181.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 107.81 181.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 120.86 181.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 158.34 181.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 187.49 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.43 181.25 Td (research ) Tj ET Q q 0 0 0 rg BT 240.24 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.18 181.25 Td (development ) Tj ET Q q 0 0 0 rg BT 311.33 181.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 340.48 181.25 Td (begin ) Tj ET Q q 0 0 0 rg BT 365.20 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.48 181.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 402.96 181.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.24 181.25 Td (2024 ) Tj ET Q q 0 0 0 rg BT 435.74 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.68 181.25 Td (2031, ) Tj ET Q q 0 0 0 rg BT 477.68 181.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 525.34 181.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 157.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 105.53 157.25 Td (income ) Tj ET Q q 0 0 0 rg BT 137.48 157.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 160.53 157.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 188.57 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.29 157.25 Td (available ) Tj ET Q q 0 0 0 rg BT 241.89 157.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.61 157.25 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 315.20 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.15 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.87 157.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 390.47 157.25 Td (dif) Tj ET Q q 0 0 0 rg BT 401.40 157.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 437.21 157.25 Td (based ) Tj ET Q q 0 0 0 rg BT 462.49 157.25 Td (on ) Tj ET Q q 0 0 0 rg BT 475.00 157.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.72 157.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 510.56 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.50 157.25 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 70.28 145.25 Td (in ) Tj ET Q q 0 0 0 rg BT 79.96 145.25 Td (ef) Tj ET Q q 0 0 0 rg BT 87.55 145.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 104.44 145.25 Td (at ) Tj ET Q q 0 0 0 rg BT 113.56 145.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.68 145.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 185.67 145.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.67 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.58 145.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.92 145.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.92 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 245.82 145.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 278.26 145.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 300.71 145.25 Td (dates.) Tj ET Q q 0 0 0 rg BT 328.21 145.25 Td (As ) Tj ET Q q 0 0 0 rg BT 341.22 145.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.46 145.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 409.45 145.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.45 145.25 Td (, ) Tj ET Q q 0 0 0 rg BT 433.85 145.25 Td (we ) Tj ET Q q 0 0 0 rg BT 447.42 145.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.76 145.25 Td ($51.1 ) Tj ET Q q 0 0 0 rg BT 488.16 145.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.96 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.19 145.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.19 133.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 90.00 133.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 133.57 133.25 Td (with ) Tj ET Q q 0 0 0 rg BT 153.82 133.25 Td (State ) Tj ET Q q 0 0 0 rg BT 176.29 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.10 133.25 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 229.01 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.92 133.25 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 293.97 133.25 Td (net ) Tj ET Q q 0 0 0 rg BT 308.66 133.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 348.90 133.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 375.27 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.18 133.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 406.87 133.25 Td (credits. ) Tj ET Q q 0 0 0 rg BT 438.50 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 440.43 133.25 Td (A) Tj ET Q q 0 0 0 rg BT 447.10 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.58 133.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 464.27 133.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 503.96 133.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 546.97 133.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.78 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.87 121.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 119.17 121.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.26 121.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 158.21 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.73 121.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 208.35 121.25 Td (value ) Tj ET Q q 0 0 0 rg BT 232.31 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.95 121.25 Td (our ) Tj ET Q q 0 0 0 rg BT 258.59 121.25 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 300.33 121.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 335.94 121.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.46 121.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 376.10 121.25 Td (as ) Tj ET Q q 0 0 0 rg BT 386.73 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.26 121.25 Td (result ) Tj ET Q q 0 0 0 rg BT 425.78 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.42 121.25 Td (a ) Tj ET Q q 0 0 0 rg BT 443.16 121.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 457.68 121.25 Td (law ) Tj ET Q q 0 0 0 rg BT 474.43 121.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 507.27 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.35 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.87 121.25 Td (State ) Tj ET Q q 0 0 0 rg BT 554.18 121.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.25 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 94.98 109.25 Td (which ) Tj ET Q q 0 0 0 rg BT 122.97 109.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 149.30 109.25 Td (a ) Tj ET Q q 0 0 0 rg BT 157.28 109.25 Td (company) Tj ET Q q 0 0 0 rg BT 196.72 109.25 Td (s ) Tj ET Q q 0 0 0 rg BT 204.16 109.25 Td (utilization ) Tj ET Q q 0 0 0 rg BT 248.25 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.13 109.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 290.88 109.25 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 340.25 109.25 Td (including ) Tj ET Q q 0 0 0 rg BT 381.57 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 398.45 109.25 Td (net ) Tj ET Q q 0 0 0 rg BT 414.21 109.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 455.52 109.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.63 109.25 Td (carryforwards. ) Tj ET Q q 0 0 0 rg BT 536.76 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 539.52 109.25 Td (As ) Tj ET Q q 0 0 0 rg BT 554.18 109.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.25 Td (December ) Tj ET Q q 0 0 0 rg BT 93.09 97.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.10 97.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 130.60 97.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 145.33 97.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 185.04 97.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 231.97 97.25 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.03 97.25 Td ($35.3 ) Tj ET Q q 0 0 0 rg BT 290.04 97.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.93 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.44 97.25 Td (were ) Tj ET Q q 0 0 0 rg BT 343.37 97.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 380.85 97.25 Td (for ) Tj ET Q q 0 0 0 rg BT 395.02 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 410.86 97.25 Td (State ) Tj ET Q q 0 0 0 rg BT 433.36 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.19 97.25 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 486.13 97.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 521.95 97.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 536.67 97.25 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.05 85.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 95.92 85.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.35 85.25 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 125.96 85.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.85 85.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.96 85.25 Td (during ) Tj ET Q q 0 0 0 rg BT 185.17 85.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 207.28 85.25 Td (due ) Tj ET Q q 0 0 0 rg BT 223.83 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.71 85.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 283.59 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.03 85.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 315.57 85.25 Td (year ) Tj ET Q q 0 0 0 rg BT 334.89 85.25 Td (balances. ) Tj ET Q q 0 0 0 rg BT 373.92 85.25 Td ( ) Tj ET Q q 0 0 0 rg BT 376.03 85.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 402.57 85.25 Td (on ) Tj ET Q q 0 0 0 rg BT 414.68 85.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 441.21 85.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 467.21 85.25 Td (from ) Tj ET Q q 0 0 0 rg BT 488.75 85.25 Td (falling ) Tj ET Q q 0 0 0 rg BT 516.96 85.25 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.33 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.72 73.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 116.44 73.25 Td (future ) Tj ET Q q 0 0 0 rg BT 142.27 73.25 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 185.31 73.25 Td (income ) Tj ET Q q 0 0 0 rg BT 216.69 73.25 Td (related ) Tj ET Q q 0 0 0 rg BT 245.85 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.58 73.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.86 73.25 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 318.38 73.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 353.64 73.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.81 73.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 395.59 73.25 Td (we ) Tj ET Q q 0 0 0 rg BT 409.20 73.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 452.25 73.25 Td (it ) Tj ET Q q 0 0 0 rg BT 459.76 73.25 Td (was ) Tj ET Q q 0 0 0 rg BT 477.26 73.25 Td (not ) Tj ET Q q 0 0 0 rg BT 491.99 73.25 Td (more-likely-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.25 Td (not ) Tj ET Q q 0 0 0 rg BT 64.11 61.25 Td (that ) Tj ET Q q 0 0 0 rg BT 80.94 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.98 61.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 130.12 61.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 144.17 61.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 169.33 61.25 Td (would ) Tj ET Q q 0 0 0 rg BT 196.16 61.25 Td (be ) Tj ET Q q 0 0 0 rg BT 207.43 61.25 Td (realized. ) Tj ET Q q 0 0 0 rg BT 243.40 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 244.83 61.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 294.16 61.25 Td (, ) Tj ET Q q 0 0 0 rg BT 298.50 61.25 Td (we ) Tj ET Q q 0 0 0 rg BT 311.99 61.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 348.79 61.25 Td (a ) Tj ET Q q 0 0 0 rg BT 355.06 61.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 394.11 61.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 436.47 61.25 Td (against ) Tj ET Q q 0 0 0 rg BT 466.63 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 481.79 61.25 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 529.19 61.25 Td (deferred ) 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 (tax ) Tj ET Q q 0 0 0 rg BT 64.27 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 90.15 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.48 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.25 713.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 147.79 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.67 713.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 178.73 713.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.62 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.17 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 238.83 713.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 263.88 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.43 713.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 321.47 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.35 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.34 713.10 Td (result ) Tj ET Q q 0 0 0 rg BT 364.11 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.99 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.19 713.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 408.68 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.56 713.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 460.42 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.19 713.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.07 713.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.72 713.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (State ) Tj ET Q q 0 0 0 rg BT 72.36 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.55 701.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 125.84 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.14 701.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 191.57 701.10 Td (net ) Tj ET Q q 0 0 0 rg BT 206.65 701.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.27 701.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 274.02 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.32 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.40 701.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 335.92 701.10 Td (were ) Tj ET Q q 0 0 0 rg BT 358.20 701.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 398.82 701.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.68 701.10 Td ($9.1 ) Tj ET Q q 0 0 0 rg BT 432.04 701.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.93 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.79 701.10 Td (due ) Tj ET Q q 0 0 0 rg BT 481.09 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.73 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.03 701.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 539.65 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 701.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.45 689.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 111.40 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.93 689.10 Td (state ) Tj ET Q q 0 0 0 rg BT 144.45 689.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 168.19 689.10 Td (paid. ) Tj ET Q q 0 0 0 rg BT 191.10 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.06 689.10 Td (This ) Tj ET Q q 0 0 0 rg BT 215.03 689.10 Td (change ) Tj ET Q q 0 0 0 rg BT 246.54 689.10 Td (was ) Tj ET Q q 0 0 0 rg BT 265.28 689.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 287.36 689.10 Td (of) Tj ET Q q 0 0 0 rg BT 295.51 689.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 313.15 689.10 Td (by ) Tj ET Q q 0 0 0 rg BT 326.34 689.10 Td (an ) Tj ET Q q 0 0 0 rg BT 338.97 689.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 374.92 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.89 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.30 689.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 441.71 689.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 487.93 689.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 526.12 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.09 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.72 689.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.42 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.36 677.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 133.73 677.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 176.43 677.10 Td (during ) Tj ET Q q 0 0 0 rg BT 204.70 677.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 226.86 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.36 677.10 Td ($14.6 ) Tj ET Q q 0 0 0 rg BT 262.02 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.91 677.10 Td (. ) Tj ET Q q 0 0 0 rg BT 295.57 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.58 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 315.29 677.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 354.67 677.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 401.25 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 418.97 677.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 448.90 677.10 Td (until ) Tj ET Q q 0 0 0 rg BT 469.40 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.78 677.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 528.14 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.63 677.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.31 665.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.02 665.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 134.18 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.88 665.10 Td (more ) Tj ET Q q 0 0 0 rg BT 171.93 665.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 197.21 665.10 Td (than ) Tj ET Q q 0 0 0 rg BT 216.92 665.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.20 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.48 665.10 Td (become ) Tj ET Q q 0 0 0 rg BT 276.07 665.10 Td (utilized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 641.10 Td (As ) Tj ET Q q 0 0 0 rg BT 82.06 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.85 641.10 Td (December ) Tj ET Q q 0 0 0 rg BT 138.38 641.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.33 641.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 180.28 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.39 641.10 Td (had ) Tj ET Q q 0 0 0 rg BT 213.28 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.17 641.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 283.49 641.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.16 641.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 330.37 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 641.10 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 363.10 641.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.99 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.45 641.10 Td (related ) Tj ET Q q 0 0 0 rg BT 426.10 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.33 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 450.22 641.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 490.87 641.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.54 641.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 546.97 641.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 106.16 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.18 629.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 151.75 629.10 Td (was ) Tj ET Q q 0 0 0 rg BT 170.10 629.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 207.88 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 236.79 629.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 259.59 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.72 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.96 629.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 303.53 629.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 344.09 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.23 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.24 629.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 414.14 629.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 450.25 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 465.27 629.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 487.51 629.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 507.25 629.10 Td (if ) Tj ET Q q 0 0 0 rg BT 516.16 629.10 Td (recognized, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.13 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 92.54 617.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 135.71 617.10 Td (af) Tj ET Q q 0 0 0 rg BT 143.30 617.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 160.92 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.88 617.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 206.17 617.10 Td (ef) Tj ET Q q 0 0 0 rg BT 213.75 617.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 243.59 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.44 617.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 280.86 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.04 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.89 617.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 344.29 617.10 Td (from ) Tj ET Q q 0 0 0 rg BT 366.36 617.10 Td (an ) Tj ET Q q 0 0 0 rg BT 378.43 617.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 418.26 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.11 617.10 Td (position ) Tj ET Q q 0 0 0 rg BT 467.97 617.10 Td (will ) Tj ET Q q 0 0 0 rg BT 486.16 617.10 Td (only ) Tj ET Q q 0 0 0 rg BT 506.57 617.10 Td (be ) 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 (if ) Tj ET Q q 0 0 0 rg BT 58.84 605.10 Td (it ) Tj ET Q q 0 0 0 rg BT 67.63 605.10 Td (is ) Tj ET Q q 0 0 0 rg BT 77.54 605.10 Td (more ) Tj ET Q q 0 0 0 rg BT 101.32 605.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 127.32 605.10 Td (than ) Tj ET Q q 0 0 0 rg BT 147.78 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.79 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.02 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.47 605.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 212.92 605.10 Td (position ) Tj ET Q q 0 0 0 rg BT 248.38 605.10 Td (will ) Tj ET Q q 0 0 0 rg BT 267.17 605.10 Td (be ) Tj ET Q q 0 0 0 rg BT 279.84 605.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 320.29 605.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 343.53 605.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 396.19 605.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.42 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.87 605.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 453.10 605.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 501.05 605.10 Td (based ) Tj ET Q q 0 0 0 rg BT 527.05 605.10 Td (upon ) 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 (technical ) Tj ET Q q 0 0 0 rg BT 88.65 593.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 116.70 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.08 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.36 593.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 183.42 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 192.06 593.10 Td (e ) Tj ET Q q 0 0 0 rg BT 199.55 593.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 238.70 593.10 Td (do ) Tj ET Q q 0 0 0 rg BT 251.76 593.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.59 593.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 296.75 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.24 593.10 Td (material ) Tj ET Q q 0 0 0 rg BT 340.06 593.10 Td (change ) Tj ET Q q 0 0 0 rg BT 371.43 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.26 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.54 593.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 437.79 593.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.07 593.10 Td (position ) Tj ET Q q 0 0 0 rg BT 488.35 593.10 Td (within ) Tj ET Q q 0 0 0 rg BT 516.96 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.24 593.10 Td (next ) Tj ET Q q 0 0 0 rg BT 552.51 593.10 Td (12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 86.78 581.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 105.17 581.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 133.00 581.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.50 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.11 581.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 194.81 581.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 233.18 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.45 581.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.72 581.10 Td (related ) Tj ET Q q 0 0 0 rg BT 312.76 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.37 581.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 363.40 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 378.45 581.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 417.41 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.02 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 460.29 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.34 581.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 513.15 581.10 Td (however) Tj ET Q q 0 0 0 rg BT 547.18 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 552.52 581.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 569.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 106.72 569.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.65 569.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 162.23 569.10 Td (related ) Tj ET Q q 0 0 0 rg BT 191.93 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.21 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.93 569.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 256.63 569.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.35 569.10 Td (position ) Tj ET Q q 0 0 0 rg BT 306.07 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.90 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.73 569.10 Td (December ) Tj ET Q q 0 0 0 rg BT 371.32 569.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 386.32 569.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (In ) Tj ET Q q 0 0 0 rg BT 77.50 545.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 123.05 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 142.50 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.40 545.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 201.94 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.40 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 237.51 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 250.84 545.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 295.27 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.39 545.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 331.95 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.95 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.96 545.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 390.30 545.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 416.41 545.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 469.74 545.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 492.52 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.86 545.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 531.97 545.10 Td (secured ) 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 66.19 533.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 92.88 533.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 118.74 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 132.65 533.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 166.54 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.23 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 187.70 533.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 207.17 533.10 Td (due ) Tj ET Q q 0 0 0 rg BT 223.86 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.88 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.35 533.10 Td (concession ) Tj ET Q q 0 0 0 rg BT 294.48 533.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 332.83 533.10 Td (by ) Tj ET Q q 0 0 0 rg BT 345.08 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.66 533.10 Td (note ) Tj ET Q q 0 0 0 rg BT 380.13 533.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 411.81 533.10 Td (during ) Tj ET Q q 0 0 0 rg BT 440.17 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.64 533.10 Td (second ) Tj ET Q q 0 0 0 rg BT 484.66 533.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 515.23 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.81 533.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 548.06 533.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 76.44 521.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 107.25 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.08 521.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 143.08 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.40 521.10 Td (This ) Tj ET Q q 0 0 0 rg BT 165.68 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.40 521.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 200.12 521.10 Td (was ) Tj ET Q q 0 0 0 rg BT 218.17 521.10 Td (of) Tj ET Q q 0 0 0 rg BT 226.32 521.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 243.25 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 255.75 521.10 Td (net ) Tj ET Q q 0 0 0 rg BT 270.47 521.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 310.74 521.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 337.13 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.07 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 377.11 521.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 412.92 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.63 521.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 449.57 521.10 Td (attributes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 113.88 497.10 Td (components ) Tj ET Q q 0 0 0 rg BT 164.71 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.54 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.37 497.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 227.17 497.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 241.89 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.72 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.66 497.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 324.38 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 335.21 497.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 497.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 404.62 497.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.62 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.12 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.06 497.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.06 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.56 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 481.26 497.10 Td (as ) Tj 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0.8 0.8 0.8 rg /GS0 gs 424.00 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 280.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 280.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 250.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 250.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 250.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 250.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 250.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 220.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 220.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 220.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 220.60 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 428 473.6 m 493 473.6 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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i [] 0 d 0 J 0 j 3 M 428 220.60000000000002 m 493 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 220.60000000000002 m 562 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 220.60000000000002 m 493 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 206.60000000000002 m 493 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 204.60000000000002 m 493 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 206.60000000000002 m 562 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 204.60000000000002 m 562 204.60000000000002 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 477.16 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.45 477.17 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 464.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 464.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 464.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 450.27 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 450.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 450.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 435.27 Td (Loss carryforwards federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 435.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 435.27 Td (18,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 435.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 435.27 Td (27,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 420.27 Td (Loss carryforwards state) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 420.27 Td (51,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 420.27 Td (42,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 405.27 Td (T) Tj ET Q q 0 0 0 rg BT 70.26 405.27 Td (ax credit carryover) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 405.27 Td (20,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 405.27 Td (41,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 390.27 Td (Business credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 390.27 Td (74,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 390.27 Td (72,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 375.27 Td (Derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 375.27 Td (23,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 375.27 Td (27,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 360.27 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 360.27 Td (2,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 360.27 Td (13,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 345.27 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 461.65 345.27 Td (85,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 345.27 Td (108,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 330.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 330.27 Td (29,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 330.27 Td (44,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 315.27 Td (V) Tj ET Q q 0 0 0 rg BT 71.17 315.27 Td (aluation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 315.32 Td (\(51,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 315.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 315.32 Td (\(36,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 315.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 300.27 Td (T) Tj ET Q q 0 0 0 rg BT 82.26 300.27 Td (otal deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 300.27 Td (255,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 300.27 Td (341,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 270.27 Td (Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 270.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 270.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 255.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 255.32 Td (\(450,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 255.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 255.32 Td (\(628,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 255.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 240.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 240.32 Td (\(2,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 240.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 240.32 Td (\(6,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 240.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 225.27 Td (T) Tj ET Q q 0 0 0 rg BT 81.91 225.27 Td (otal deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 225.32 Td (\(453,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 225.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 225.32 Td (\(635,180) Tj ET Q BT /F1 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Tj ET Q q 0 0 0 rg BT 546.97 496.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (statutes ) Tj ET Q q 0 0 0 rg BT 81.96 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.76 484.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 134.12 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.25 484.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.04 484.10 Td (income ) Tj ET Q q 0 0 0 rg BT 195.95 484.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 210.63 484.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 240.87 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.00 484.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 269.68 484.10 Td (years ) Tj ET Q q 0 0 0 rg BT 293.25 484.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 322.93 484.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 344.84 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.09 484.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 377.55 484.10 Td (have ) Tj ET Q q 0 0 0 rg BT 398.90 484.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 426.91 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.82 484.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 482.37 484.10 Td (are ) Tj ET Q q 0 0 0 rg BT 497.05 484.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.30 484.10 Td (available ) Tj ET Q q 0 0 0 rg BT 550.85 484.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 101.88 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 114.83 472.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 158.31 472.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 186.26 472.10 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 233.92 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.66 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 255.16 472.10 Td (statute ) Tj ET Q q 0 0 0 rg BT 284.21 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.49 472.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 341.22 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 355.83 472.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.00 472.10 Td (year ) Tj ET Q q 0 0 0 rg BT 391.16 472.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 414.11 472.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 448.71 472.10 Td (open ) Tj ET Q q 0 0 0 rg BT 471.10 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.38 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.77 472.10 Td (result ) Tj ET Q q 0 0 0 rg BT 514.94 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.22 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.50 472.10 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (carryback ) Tj ET Q q 0 0 0 rg BT 91.41 460.10 Td (claim. ) Tj ET Q q 0 0 0 rg BT 118.63 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.95 460.10 Td (W) Tj ET Q q 0 0 0 rg BT 129.58 460.10 Td (e ) Tj ET Q q 0 0 0 rg BT 136.52 460.10 Td (have ) Tj ET Q q 0 0 0 rg BT 157.90 460.10 Td (not ) Tj ET Q q 0 0 0 rg BT 173.18 460.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 192.89 460.10 Td (any ) Tj ET Q q 0 0 0 rg BT 209.83 460.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 254.54 460.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 286.48 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.31 460.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 335.35 460.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 378.94 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.22 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 415.05 460.10 Td (income ) Tj ET Q q 0 0 0 rg BT 446.99 460.10 Td (taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 436.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 81.99 436.10 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 140.14 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.64 436.10 Td (Equity) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 79.22 412.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 388.10 Td (e ) Tj ET Q q 0 0 0 rg BT 84.32 388.10 Td (of) Tj ET Q q 0 0 0 rg BT 92.47 388.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 107.31 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.49 388.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 145.89 388.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 166.85 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.37 388.10 Td (which ) Tj ET Q q 0 0 0 rg BT 206.56 388.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 253.06 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.02 388.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 318.31 388.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 355.93 388.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 387.99 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.51 388.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 418.82 388.10 Td (limitations.) Tj ET Q q 0 0 0 rg BT 468.92 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.55 388.10 Td (e ) Tj ET Q q 0 0 0 rg BT 485.73 388.10 Td (match ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.91 388.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.24 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.98 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.06 388.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (employee) Tj ET Q q 0 0 0 rg BT 91.15 376.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.24 376.10 Td (contribution, ) Tj ET Q q 0 0 0 rg BT 150.82 376.10 Td (up ) Tj ET Q q 0 0 0 rg BT 163.02 376.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 376.10 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.33 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.53 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.06 376.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 259.30 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.83 376.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 302.02 376.10 Td (by ) Tj ET Q q 0 0 0 rg BT 314.22 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.63 376.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 350.55 376.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.19 376.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.06 376.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 413.80 376.10 Td (immediately) Tj ET Q q 0 0 0 rg BT 463.14 376.10 Td (.During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.17 376.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.17 376.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.87 376.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.87 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 376.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 73.90 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 89.14 364.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 128.25 364.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 182.93 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.61 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.73 364.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 235.29 364.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 254.41 364.10 Td (were ) Tj ET Q q 0 0 0 rg BT 275.75 364.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.41 364.10 Td ($7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.91 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.81 364.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.11 364.10 Td ($7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.61 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.51 364.10 Td (million ) Tj ET Q q 0 0 0 rg BT 438.30 364.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 364.10 Td ($10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.05 364.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 512.34 364.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.01 364.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (2017 Retir) Tj ET Q q 0 0 0 rg BT 94.03 340.10 Td (ement of ) Tj ET Q q 0 0 0 rg BT 133.27 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 139.20 340.10 Td (r) Tj ET Q q 0 0 0 rg BT 143.46 340.10 Td (easury Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 316.10 Td (During ) Tj ET Q q 0 0 0 rg BT 99.07 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.54 316.10 Td (year ) Tj ET Q q 0 0 0 rg BT 134.99 316.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.11 316.10 Td (December ) Tj ET Q q 0 0 0 rg BT 206.44 316.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 222.18 316.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 247.93 316.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.83 316.10 Td (retired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.43 316.10 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 307.17 316.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.06 316.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 366.80 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.37 316.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 413.28 316.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 448.73 316.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 475.59 316.10 Td (with ) Tj ET Q q 0 0 0 rg BT 496.61 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.29 316.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.85 316.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 304.10 Td ($46.6 ) Tj ET Q q 0 0 0 rg BT 85.85 304.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.75 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 120.27 304.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 157.72 304.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 204.07 304.10 Td (through ) Tj ET Q q 0 0 0 rg BT 238.20 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.44 304.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 289.23 304.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.25 304.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.61 304.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 364.40 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.75 304.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 403.77 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.57 304.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 443.70 304.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 458.95 304.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 510.31 304.10 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.23 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.54 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.29 292.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 135.71 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.57 292.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 186.30 292.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 216.32 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.18 292.10 Td (well ) Tj ET Q q 0 0 0 rg BT 246.93 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 257.79 292.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 285.31 292.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 322.27 292.10 Td (through ) Tj ET Q q 0 0 0 rg BT 355.91 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.77 292.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 395.41 292.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 441.24 292.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 480.15 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.50 292.10 Td (These ) Tj ET Q q 0 0 0 rg BT 508.91 292.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 537.53 292.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.06 280.10 Td (now ) Tj ET Q q 0 0 0 rg BT 83.63 280.10 Td (included ) Tj ET Q q 0 0 0 rg BT 120.42 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.55 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.12 280.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 165.25 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.93 280.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 220.49 280.10 Td (but ) Tj ET Q q 0 0 0 rg BT 235.62 280.10 Td (unissued ) Tj ET Q q 0 0 0 rg BT 272.97 280.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 302.81 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.17 280.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 323.07 280.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 369.30 280.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 396.64 280.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 419.00 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.57 280.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 477.01 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.69 280.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 522.25 280.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 545.71 280.10 Td (is ) Tj ET Q q 0 0 0 rg BT 554.73 280.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (deduct ) Tj ET Q q 0 0 0 rg BT 78.66 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 90.60 268.10 Td (par ) Tj ET Q q 0 0 0 rg BT 105.87 268.10 Td (value ) Tj ET Q q 0 0 0 rg BT 130.03 268.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.97 268.10 Td (common ) Tj ET Q q 0 0 0 rg BT 189.46 268.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 213.07 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.01 268.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 259.15 268.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.64 268.10 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 332.47 268.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 361.62 268.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.12 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.84 268.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 417.43 268.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 449.93 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.76 268.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 495.47 268.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 519.08 268.10 Td (retired.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 244.10 Td (8. ) Tj ET Q q 0 0 0 rg BT 81.99 244.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 108.38 244.10 Td (Compensation) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.17 220.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 126.78 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.95 220.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 181.11 220.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 203.84 220.10 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 243.23 220.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 268.74 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.91 220.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 325.84 220.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 348.85 220.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 387.67 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.83 220.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 438.66 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 449.72 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.77 220.10 Td (May ) Tj ET Q q 0 0 0 rg BT 481.83 220.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 497.06 220.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 519.79 220.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 538.07 220.10 Td (2004 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (Plan\), ) Tj ET Q q 0 0 0 rg BT 80.45 208.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.03 208.10 Td (an ) Tj ET Q q 0 0 0 rg BT 102.38 208.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 141.93 208.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 162.06 208.10 Td (that ) Tj ET Q q 0 0 0 rg BT 179.96 208.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 217.30 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.87 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.99 208.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 283.78 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.01 208.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 334.57 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.92 208.10 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 408.70 208.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 432.71 208.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 467.57 208.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 507.67 208.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 531.69 208.10 Td (awards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.08 196.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.56 196.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 136.89 196.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 162.61 196.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 191.09 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.25 196.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 227.23 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.05 196.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 323.05 196.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 353.74 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.90 196.10 Td (of) Tj ET Q q 0 0 0 rg BT 372.05 196.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 399.13 196.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 444.27 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.09 196.10 Td (directors. ) Tj ET Q q 0 0 0 rg BT 500.95 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.33 196.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 527.92 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 196.10 Td (2004 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (Plan) Tj ET Q q 0 0 0 rg BT 70.06 184.10 Td (s ) Tj ET Q q 0 0 0 rg BT 76.66 184.10 Td (inception, ) Tj ET Q q 0 0 0 rg BT 119.08 184.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 150.11 184.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 187.80 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.95 184.10 Td (total ) Tj ET Q q 0 0 0 rg BT 215.43 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.47 184.10 Td (48.4 ) Tj ET Q q 0 0 0 rg BT 246.68 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.57 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.28 184.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 305.98 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.02 184.10 Td (common ) Tj ET Q q 0 0 0 rg BT 354.72 184.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 378.54 184.10 Td (have ) Tj ET Q q 0 0 0 rg BT 400.13 184.10 Td (been ) Tj ET Q q 0 0 0 rg BT 421.71 184.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 466.62 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.99 184.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 517.58 184.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 554.73 184.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.34 172.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 86.96 172.10 Td (Plan.) Tj ET Q q 0 0 0 rg BT 111.69 172.10 Td (As ) Tj ET Q q 0 0 0 rg BT 125.42 172.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.37 172.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 195.08 172.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.08 172.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.20 172.10 Td (13.2 ) Tj ET Q q 0 0 0 rg BT 240.32 172.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.21 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.83 172.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.44 172.10 Td (were ) Tj ET Q q 0 0 0 rg BT 321.49 172.10 Td (available ) Tj ET Q q 0 0 0 rg BT 360.20 172.10 Td (under ) Tj ET Q q 0 0 0 rg BT 385.59 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.43 172.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 423.05 172.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 443.45 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.73 172.10 Td (future ) Tj ET Q q 0 0 0 rg BT 484.23 172.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 520.73 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.68 172.10 Td (awards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.15 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.13 160.10 Td (which ) Tj ET Q q 0 0 0 rg BT 100.23 160.10 Td (could ) Tj ET Q q 0 0 0 rg BT 125.10 160.10 Td (be ) Tj ET Q q 0 0 0 rg BT 137.19 160.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 164.84 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.27 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.14 160.10 Td (form ) Tj ET Q q 0 0 0 rg BT 212.24 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.22 160.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 263.08 160.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 286.84 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.82 160.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 377.10 160.10 Td (awards.Our ) Tj ET Q q 0 0 0 rg BT 431.12 160.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 470.43 160.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 528.62 160.10 Td (program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.29 148.10 Td (administered ) Tj ET Q q 0 0 0 rg BT 112.06 148.10 Td (by ) Tj ET Q q 0 0 0 rg BT 124.19 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.52 148.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 198.42 148.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 244.98 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.43 148.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.88 148.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 297.44 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.89 148.10 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 349.72 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.69 148.10 Td (The ) Tj ET Q q 0 0 0 rg BT 369.36 148.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 391.48 148.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 411.38 148.10 Td (was ) Tj ET Q q 0 0 0 rg BT 429.05 148.10 Td (last ) Tj ET Q q 0 0 0 rg BT 445.06 148.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 484.39 148.10 Td (by ) Tj ET Q q 0 0 0 rg BT 496.51 148.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 148.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 136.10 Td (May ) Tj ET Q q 0 0 0 rg BT 80.61 136.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 103.11 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.05 136.10 Td (will ) Tj ET Q q 0 0 0 rg BT 138.10 136.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 165.59 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.87 136.10 Td (May ) Tj ET Q q 0 0 0 rg BT 196.70 136.10 Td (2027.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 112.10 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 118.18 112.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 175.53 112.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 209.55 112.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 252.45 112.10 Td (with ) Tj ET Q q 0 0 0 rg BT 272.03 112.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.17 112.10 Td (field ) Tj ET Q q 0 0 0 rg BT 307.30 112.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 351.87 112.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.35 112.10 Td (included ) Tj ET Q q 0 0 0 rg BT 396.59 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.17 112.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 435.73 112.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.30 112.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 520.15 112.10 Td (while ) Tj ET Q q 0 0 0 rg BT 544.17 112.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 83.62 100.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 126.63 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.32 100.10 Td (non-field ) Tj ET Q q 0 0 0 rg BT 184.89 100.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 229.57 100.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.15 100.10 Td (included ) Tj ET Q q 0 0 0 rg BT 274.50 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.19 100.10 Td (General ) Tj ET Q q 0 0 0 rg BT 322.19 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.54 100.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 397.66 100.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 440.12 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.81 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.94 100.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 518.63 100.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.36 88.10 Td (Operations.Stock-based ) Tj ET Q q 0 0 0 rg BT 167.15 88.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 227.23 88.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 272.86 88.10 Td (with ) Tj ET Q q 0 0 0 rg BT 295.17 88.10 Td (our ) Tj ET Q q 0 0 0 rg BT 313.03 88.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 360.33 88.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 399.86 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.17 88.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 462.25 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.22 88.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 515.20 88.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 555.83 88.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 95.76 76.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.05 76.10 Td (part ) Tj ET Q q 0 0 0 rg BT 125.56 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.85 76.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 157.02 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.42 76.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 205.14 76.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 221.43 76.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 268.82 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.55 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.73 76.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 350.46 76.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 385.62 76.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 417.19 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.15 76.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 429.41 76.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 459.57 76.10 Td (January ) Tj ET Q q 0 0 0 rg BT 493.63 76.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 504.08 76.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 529.54 76.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.28 76.10 Td (the ) 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 49.50 713.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 86.76 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.86 713.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 119.13 713.10 Td (2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 157.23 713.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 176.30 713.10 Td (ovements ) Tj ET Q q 0 0 0 rg BT 215.77 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.82 713.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 267.51 713.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 286.03 713.10 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 320.51 713.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 357.59 713.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.14 713.10 Td (,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 405.64 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.90 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 421.83 713.10 Td (made ) Tj ET Q q 0 0 0 rg BT 445.75 713.10 Td (an ) Tj ET Q q 0 0 0 rg BT 457.46 713.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 503.60 713.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 530.86 713.10 Td (election ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 701.10 Td (account ) Tj ET Q q 0 0 0 rg BT 93.37 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.53 701.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 151.68 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 162.51 701.10 Td (they ) Tj ET Q q 0 0 0 rg BT 182.22 701.10 Td (occur) Tj ET Q q 0 0 0 rg BT 204.03 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.03 701.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 237.08 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.80 701.10 Td (previously-estimated ) Tj ET Q q 0 0 0 rg BT 338.17 701.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 378.42 701.10 Td (rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 118.88 677.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 176.92 677.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.42 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.58 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.30 677.10 Td (years ) Tj ET Q q 0 0 0 rg BT 251.89 677.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.27 677.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 336.86 677.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.86 677.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.86 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.86 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.36 677.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.29 677.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.29 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 426.29 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 441.00 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.83 677.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 640.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 640.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 640.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 640.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 610.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 610.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 610.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 610.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 580.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 580.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 580.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 580.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 550.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 550.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 550.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 550.60 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 358.5 653.6 m 423.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 653.6 m 427.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 653.6 m 492.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 653.6 m 496.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 653.6 m 561.5 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 640.6 m 354.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 640.6 m 423.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 640.6 m 492.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 640.6 m 561.5 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 595.6 m 561.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 595.6 m 423.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 595.6 m 492.5 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 565.6 m 423.5 565.6 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 565.6 m 561.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 565.6 m 423.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 551.6 m 423.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 549.6 m 423.5 549.6 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 551.6 m 492.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 549.6 m 492.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 551.6 m 561.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 549.6 m 561.5 549.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 657.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 657.17 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 657.17 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET 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 380.50 644.17 Td (2017) 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 (Stock-based compensation expensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 630.27 Td () 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 499.00 630.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 615.27 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 615.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 615.27 Td (15,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 615.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 615.27 Td (14,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 615.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 615.27 Td (27,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 600.27 Td (Lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 600.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 600.27 Td (636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 600.27 Td (2,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 585.27 Td (T) Tj ET Q q 0 0 0 rg BT 81.41 585.27 Td (otal stock-based compensation expensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 585.27 Td (15,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 585.27 Td (14,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 585.27 Td (30,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 570.27 Td (Stock-based compensation capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 570.27 Td (4,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 570.27 Td (6,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 570.27 Td (8,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 555.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 555.27 Td (otal cost of stock-based compensation arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 555.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 555.27 Td (19,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 555.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 555.27 Td (21,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 555.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 555.27 Td (39,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 525.27 Td (Income tax benefit recognized for stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 515.27 Td (arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 515.27 Td (5,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 515.27 Td (5,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 515.27 Td (1) Tj ET Q q 0 0 0 rg BT 535.15 515.27 Td (1,630) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (SARs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 463.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 90.00 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.28 463.10 Td (January ) Tj ET Q q 0 0 0 rg BT 133.88 463.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 143.88 463.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 168.88 463.10 Td (we ) Tj ET Q q 0 0 0 rg BT 183.05 463.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 215.53 463.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 241.38 463.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 269.98 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.26 463.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 303.87 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.15 463.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.98 463.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 377.75 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.07 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 398.12 463.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 423.96 463.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.67 463.10 Td (become ) Tj ET Q q 0 0 0 rg BT 497.26 463.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 544.74 463.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 451.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.48 451.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 99.58 451.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 131.03 451.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 161.64 451.10 Td (with ) Tj ET Q q 0 0 0 rg BT 181.98 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 451.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 230.41 451.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 255.19 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.08 451.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 297.53 451.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 345.07 451.10 Td (at ) Tj ET Q q 0 0 0 rg BT 354.85 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.62 451.10 Td (time ) Tj ET Q q 0 0 0 rg BT 389.96 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.85 451.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 423.96 451.10 Td (based ) Tj ET Q q 0 0 0 rg BT 449.29 451.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.85 451.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 505.51 451.10 Td (established ) Tj ET Q q 0 0 0 rg BT 552.51 451.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 439.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 125.57 439.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 173.05 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.42 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.68 439.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 227.16 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.53 439.10 Td (Directors.) Tj ET Q q 0 0 0 rg BT 283.06 439.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.65 439.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 328.03 439.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 356.06 439.10 Td (over ) Tj ET Q q 0 0 0 rg BT 376.87 439.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 402.13 439.10 Td (not ) Tj ET Q q 0 0 0 rg BT 417.94 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.76 439.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.56 439.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 472.60 439.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.70 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.74 439.10 Td (from ) Tj ET Q q 0 0 0 rg BT 519.22 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.48 439.10 Td (date ) Tj ET Q q 0 0 0 rg BT 554.17 439.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (grant, ) Tj ET Q q 0 0 0 rg BT 75.29 427.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 88.04 427.10 Td (days ) Tj ET Q q 0 0 0 rg BT 109.12 427.10 Td (after ) Tj ET Q q 0 0 0 rg BT 130.18 427.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 179.02 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.10 427.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 245.34 427.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 258.08 427.10 Td (days ) Tj ET Q q 0 0 0 rg BT 279.16 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.24 427.10 Td (one ) Tj ET Q q 0 0 0 rg BT 307.42 427.10 Td (year ) Tj ET Q q 0 0 0 rg BT 327.38 427.10 Td (after ) Tj ET Q q 0 0 0 rg BT 348.44 427.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 393.39 427.10 Td (disability) Tj ET Q q 0 0 0 rg BT 429.96 427.10 Td (, ) Tj ET Q q 0 0 0 rg BT 435.21 427.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 479.61 427.10 Td (on ) Tj ET Q q 0 0 0 rg BT 492.35 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.32 427.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 536.99 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 548.07 427.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.00 415.10 Td (after ) Tj ET Q q 0 0 0 rg BT 89.61 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.12 415.10 Td (death ) Tj ET Q q 0 0 0 rg BT 128.07 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.69 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.21 415.10 Td (optionee.) Tj ET Q q 0 0 0 rg BT 194.96 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 212.80 415.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 238.44 415.10 Td (were ) Tj ET Q q 0 0 0 rg BT 260.16 415.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 292.44 415.10 Td (with ) Tj ET Q q 0 0 0 rg BT 312.51 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.24 415.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 343.75 415.10 Td (price ) Tj ET Q q 0 0 0 rg BT 366.03 415.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 389.98 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.06 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.57 415.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.74 415.10 Td (market ) Tj ET Q q 0 0 0 rg BT 460.79 415.10 Td (value ) Tj ET Q q 0 0 0 rg BT 484.74 415.10 Td (at ) Tj ET Q q 0 0 0 rg BT 494.25 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.77 415.10 Td (time ) Tj ET Q q 0 0 0 rg BT 528.83 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.46 415.10 Td (grant, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 403.10 Td (is ) Tj ET Q q 0 0 0 rg BT 85.61 403.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 125.31 403.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 157.80 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 168.63 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.34 403.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 214.73 403.10 Td (price ) Tj ET Q q 0 0 0 rg BT 237.21 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.71 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.43 403.10 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 293.04 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.54 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.26 403.10 Td (date ) Tj ET Q q 0 0 0 rg BT 339.42 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.25 403.10 Td (grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 379.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 379.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 379.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.42 379.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 231.37 379.10 Td (activity:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 315.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 315.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 315.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 315.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 315.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 315.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 315.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 315.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 315.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 285.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 285.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 285.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 285.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 285.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 285.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 285.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 285.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 285.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 255.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 255.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 255.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 255.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 255.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 255.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 255.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 255.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 255.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 225.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 225.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 225.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 225.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 225.60 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 291 315.6 m 356 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 315.6 m 425 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 315.6 m 494 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 315.6 m 563 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 240.60000000000002 m 356 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 226.60000000000002 m 356 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 224.60000000000002 m 356 224.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 327.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 319.85 Td (of ) Tj ET Q q 0 0 0 rg BT 315.24 319.85 Td (A) Tj ET Q q 0 0 0 rg BT 320.43 319.85 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.75 335.85 Td (W) Tj ET Q q 0 0 0 rg BT 383.98 335.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 327.85 Td (A) Tj ET Q q 0 0 0 rg BT 384.23 327.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.00 319.85 Td (Exercise Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.70 343.85 Td (W) Tj ET Q q 0 0 0 rg BT 438.93 343.85 Td (eighted ) Tj ET Q q 0 0 0 rg BT 463.94 343.85 Td (A) Tj ET Q q 0 0 0 rg BT 469.20 343.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.40 335.85 Td (Remaining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.65 327.85 Td (Contractual Life) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.75 319.85 Td (\(in years\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 335.85 Td (Aggregate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.60 327.85 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 535.12 327.85 Td (V) Tj ET Q q 0 0 0 rg BT 540.01 327.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.20 319.85 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 305.27 Td (Outstanding at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 305.27 Td (5,940,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 305.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 305.27 Td (13.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 290.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 290.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 290.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 275.27 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 275.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 275.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 260.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 260.32 Td (\(193,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 260.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 260.27 Td (7.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 245.27 Td (Expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 245.32 Td (\(2,080,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 245.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 245.27 Td (15.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 230.27 Td (Outstanding at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 230.27 Td (3,666,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 230.27 Td (13.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 230.27 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 230.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 230.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 200.27 Td (Exercisable at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 200.27 Td (3,053,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 200.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 200.27 Td (14.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 200.27 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 200.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 200.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 172.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 172.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.31 172.10 Td (total ) Tj ET Q q 0 0 0 rg BT 228.58 172.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 263.85 172.10 Td (value ) Tj ET Q q 0 0 0 rg BT 288.01 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.84 172.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 324.68 172.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 364.94 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.88 172.10 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 424.91 172.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 441.28 172.10 Td (value ) Tj ET Q q 0 0 0 rg BT 465.44 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.27 172.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 502.11 172.10 Td (vested:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 131.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 131.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 131.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 131.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 131.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 131.60 4.00 -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 359 146.60000000000002 m 424 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 146.60000000000002 m 428 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 146.60000000000002 m 493 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 146.60000000000002 m 497 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 146.60000000000002 m 562 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 131.60000000000002 m 355 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 131.60000000000002 m 424 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 131.60000000000002 m 493 131.60000000000002 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 359 131.60000000000002 m 424 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 131.60000000000002 m 493 131.60000000000002 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 /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 151.27 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 151.27 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 136.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 136.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 136.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 136.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 121.27 Td (Intrinsic value of SARs exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 121.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 121.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 121.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 121.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 121.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 121.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 106.27 Td (Grant-date fair value of SARs vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 106.27 Td (1,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 106.27 Td (4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 106.27 Td (6,534) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.10 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 (As ) Tj ET Q q 0 0 0 rg BT 81.53 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.78 713.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 151.78 713.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.78 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.20 713.10 Td (there ) Tj ET Q q 0 0 0 rg BT 200.10 713.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.57 713.10 Td ($34 ) Tj ET Q q 0 0 0 rg BT 236.49 713.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.60 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.51 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.76 713.10 Td (total ) Tj ET Q q 0 0 0 rg BT 307.45 713.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 365.91 713.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 384.94 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.63 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 407.99 713.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 454.77 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.46 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 492.26 713.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 524.61 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.73 713.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 92.57 701.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 142.29 701.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 164.27 701.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 222.33 701.10 Td (arrangements.) Tj ET Q q 0 0 0 rg BT 283.51 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.58 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 320.22 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.41 701.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 367.47 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.77 701.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.73 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 436.12 701.10 Td (over ) Tj ET Q q 0 0 0 rg BT 456.41 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.37 701.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 536.96 701.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.80 689.10 Td (0.2 ) Tj ET Q q 0 0 0 rg BT 76.26 689.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.36 689.10 Td (.) Tj ET Q q 0 0 0 rg BT 104.68 689.10 Td (There ) Tj ET Q q 0 0 0 rg BT 130.96 689.10 Td (were ) Tj ET Q q 0 0 0 rg BT 153.35 689.10 Td (no ) Tj ET Q q 0 0 0 rg BT 166.32 689.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.50 689.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 216.12 689.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 250.73 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 273.13 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.31 689.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 327.92 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.22 689.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 365.53 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 380.16 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.34 689.10 Td (years ) Tj ET Q q 0 0 0 rg BT 419.40 689.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 446.24 689.10 Td (December ) Tj ET Q q 0 0 0 rg BT 490.29 689.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 505.76 689.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 531.22 689.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 554.19 689.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 95.87 653.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.66 629.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 105.29 629.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 202.33 629.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 241.61 629.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 264.80 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.67 629.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 319.51 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.04 629.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 373.11 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.52 629.10 Td (part ) Tj ET Q q 0 0 0 rg BT 401.15 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.57 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 426.98 629.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 468.50 629.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 526.12 629.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 565.00 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 83.15 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.47 617.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 190.41 617.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.60 617.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.70 617.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 283.00 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 303.87 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.08 617.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 342.84 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.16 617.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 385.15 617.10 Td (non-restricted ) Tj ET Q q 0 0 0 rg BT 442.67 617.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 465.77 617.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 508.86 617.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 536.41 617.10 Td (rights\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (except ) Tj ET Q q 0 0 0 rg BT 77.70 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.80 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.12 605.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 140.66 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.97 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 169.85 605.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 201.94 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.83 605.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 246.69 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.13 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.67 605.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 294.66 605.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 325.08 605.10 Td (until ) Tj ET Q q 0 0 0 rg BT 345.52 605.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.82 605.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 429.13 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 443.44 605.10 Td (met.Beginning ) Tj ET Q q 0 0 0 rg BT 509.70 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.58 605.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 544.19 605.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 129.07 593.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 169.23 593.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 193.29 593.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 224.56 593.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 258.06 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.23 593.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 305.62 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.35 593.10 Td (forfeitable ) Tj ET Q q 0 0 0 rg BT 370.94 593.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 408.88 593.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 453.49 593.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 479.22 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 506.61 593.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 529.56 593.10 Td (with ) 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 (underlying ) Tj ET Q q 0 0 0 rg BT 94.39 581.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 123.44 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.00 581.10 Td (Non-performance-based ) Tj ET Q q 0 0 0 rg BT 223.73 581.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 262.49 581.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 285.16 581.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 306.72 581.10 Td (over ) Tj ET Q q 0 0 0 rg BT 326.05 581.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.05 581.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.03 581.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 374.13 581.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 404.58 581.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 434.18 581.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.52 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.30 581.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 499.95 581.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 523.73 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.62 581.10 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.98 569.10 Td (at ) Tj ET Q q 0 0 0 rg BT 106.70 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 569.10 Td (time ) Tj ET Q q 0 0 0 rg BT 141.69 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.52 569.10 Td (grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (As ) Tj ET Q q 0 0 0 rg BT 83.03 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.78 545.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 156.28 545.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.19 545.10 Td (there ) Tj ET Q q 0 0 0 rg BT 207.60 545.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.56 545.10 Td ($15.5 ) Tj ET Q q 0 0 0 rg BT 254.48 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.37 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.79 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.53 545.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 358.81 545.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 418.77 545.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 455.40 545.10 Td (related ) Tj ET Q q 0 0 0 rg BT 487.01 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.21 545.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 544.17 545.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 128.80 533.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 168.69 533.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 192.48 533.10 Td (grants.) Tj ET Q q 0 0 0 rg BT 224.24 533.10 Td (This ) Tj ET Q q 0 0 0 rg BT 244.70 533.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 301.24 533.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 359.46 533.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 378.26 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 387.61 533.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 425.82 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.28 533.10 Td (be ) Tj ET Q q 0 0 0 rg BT 448.40 533.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 494.95 533.10 Td (over ) Tj ET Q q 0 0 0 rg BT 515.40 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.52 533.10 Td (weighted-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.06 521.10 Td (period ) Tj ET Q q 0 0 0 rg BT 111.08 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.88 521.10 Td (2.0 ) Tj ET Q q 0 0 0 rg BT 136.85 521.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.95 521.10 Td (.) Tj ET Q q 0 0 0 rg BT 165.27 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.29 521.10 Td (following ) Tj ET Q q 0 0 0 rg BT 224.65 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.79 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.70 521.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 280.39 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.19 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.88 521.10 Td (total ) Tj ET Q q 0 0 0 rg BT 326.12 521.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 357.48 521.10 Td (date ) Tj ET Q q 0 0 0 rg BT 376.61 521.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 392.96 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 417.09 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.89 521.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 525.31 521.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (stock:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 468.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 468.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 468.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 468.60 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 359 483.6 m 424 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 483.6 m 428 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 483.6 m 493 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 483.6 m 497 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 483.6 m 562 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 468.6 m 355 468.6 l s 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 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 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 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 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 497 468.6 m 562 468.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 488.27 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 488.27 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 473.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 473.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 473.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 473.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 458.27 Td (Fair value of restricted stock vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 458.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 458.27 Td (9,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 458.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 458.27 Td (6,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 458.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 458.27 Td (12,549) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.71 430.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 116.47 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.34 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.10 430.10 Td (status ) Tj ET Q q 0 0 0 rg BT 167.42 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.29 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.16 430.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 237.25 430.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 334.74 430.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 374.49 430.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.14 430.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 425.12 430.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 455.16 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.14 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.90 430.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 521.65 430.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 430.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 418.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.58 418.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 154.17 418.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.17 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.17 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.34 418.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 229.15 418.10 Td (below:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 370.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 370.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 370.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 370.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 370.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 340.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 340.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 340.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 310.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 310.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 310.60 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 49.5 370.6 m 423.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 370.6 m 492.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 370.6 m 561.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 310.6 m 492.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 296.6 m 492.5 296.6 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.35 382.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.50 374.85 Td (of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.25 398.85 Td (W) Tj ET Q q 0 0 0 rg BT 520.16 398.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.25 390.85 Td (A) Tj ET Q q 0 0 0 rg BT 520.43 390.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.50 382.85 Td (Grant-Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.00 374.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 526.74 374.85 Td (V) Tj ET Q q 0 0 0 rg BT 531.63 374.85 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 360.27 Td (Nonvested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 360.27 Td (9,740,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 360.27 Td (4.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 345.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 345.27 Td (5,714,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 345.27 Td (1.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 330.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.67 330.27 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 330.32 Td (\(4,687,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 330.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 330.27 Td (4.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 315.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 315.32 Td (\(1,018,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 315.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 315.27 Td (3.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 300.27 Td (Nonvested at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 300.27 Td (9,748,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 300.27 Td (2.51) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 136.41 272.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 167.26 272.10 Td (A) Tj ET Q q 0 0 0 rg BT 173.74 272.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 248.10 Td (Annually) Tj ET Q q 0 0 0 rg BT 104.07 248.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.94 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.52 248.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 186.67 248.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 234.47 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.17 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.76 248.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 289.57 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.26 248.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 341.84 248.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 369.65 248.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 449.64 248.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 478.00 248.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 509.69 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.84 248.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 558.61 248.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 236.10 Td (ficers.Performance-based ) Tj ET Q q 0 0 0 rg BT 167.10 236.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 197.98 236.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 237.74 236.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 256.41 236.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.74 236.10 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.24 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.80 236.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.14 236.10 Td (3.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.64 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.20 236.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 353.36 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.35 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.13 236.10 Td (number ) Tj ET Q q 0 0 0 rg BT 418.24 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.13 236.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 508.31 236.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 535.86 236.10 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 69.51 224.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 101.75 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.77 224.10 Td (vest\) ) Tj ET Q q 0 0 0 rg BT 133.45 224.10 Td (during ) Tj ET Q q 0 0 0 rg BT 161.80 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.26 224.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 229.03 224.10 Td (period ) Tj ET Q q 0 0 0 rg BT 256.82 224.10 Td (will ) Tj ET Q q 0 0 0 rg BT 274.62 224.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 305.74 224.10 Td (upon: ) Tj ET Q q 0 0 0 rg BT 330.76 224.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 344.67 224.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.24 224.10 Td (level ) Tj ET Q q 0 0 0 rg BT 381.92 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.49 224.10 Td (success ) Tj ET Q q 0 0 0 rg BT 424.72 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.75 224.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 475.86 224.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 524.19 224.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.34 212.10 Td (tar) Tj ET Q q 0 0 0 rg BT 112.71 212.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 131.13 212.10 Td (\(Performance-Based ) Tj ET Q q 0 0 0 rg BT 220.07 212.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 269.08 212.10 Td (A) Tj ET Q q 0 0 0 rg BT 275.38 212.10 Td (wards\) ) Tj ET Q q 0 0 0 rg BT 309.35 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.10 212.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 340.08 212.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 392.92 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.57 212.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.21 212.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 442.64 212.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 474.94 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.03 212.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.34 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.99 212.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.75 212.10 Td (designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 68.39 200.10 Td (group ) Tj ET Q q 0 0 0 rg BT 93.40 200.10 Td (\(Performance-Based ) Tj ET Q q 0 0 0 rg BT 181.59 200.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 201.24 200.10 Td (A) Tj ET Q q 0 0 0 rg BT 207.54 200.10 Td (wards\).Generally) Tj ET Q q 0 0 0 rg BT 285.47 200.10 Td (, ) Tj ET Q q 0 0 0 rg BT 289.65 200.10 Td (one-half ) Tj ET Q q 0 0 0 rg BT 324.65 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.66 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.56 200.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 390.80 200.10 Td (number ) Tj ET Q q 0 0 0 rg BT 423.03 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.04 200.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 459.72 200.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.40 200.10 Td (could ) Tj ET Q q 0 0 0 rg BT 500.30 200.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.42 200.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 539.75 200.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.98 188.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 142.87 188.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 173.46 188.10 Td (will ) Tj ET Q q 0 0 0 rg BT 191.28 188.10 Td (be ) Tj ET Q q 0 0 0 rg BT 202.99 188.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 231.90 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.83 188.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 298.62 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 308.10 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.59 188.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 367.62 188.10 Td (tar) Tj ET Q q 0 0 0 rg BT 377.98 188.10 Td (get ) Tj ET Q q 0 0 0 rg BT 392.47 188.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 418.06 188.10 Td (\(100% ) Tj ET Q q 0 0 0 rg BT 446.99 188.10 Td (tar) Tj ET Q q 0 0 0 rg BT 457.35 188.10 Td (get ) Tj ET Q q 0 0 0 rg BT 471.84 188.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 502.99 188.10 Td (levels\) ) Tj ET Q q 0 0 0 rg BT 531.91 188.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.51 188.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.21 176.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 94.01 176.10 Td (change ) Tj ET Q q 0 0 0 rg BT 124.59 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.19 176.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 168.29 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.00 176.10 Td (twice ) Tj ET Q q 0 0 0 rg BT 208.92 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.41 176.10 Td (tar) Tj ET Q q 0 0 0 rg BT 233.77 176.10 Td (get ) Tj ET Q q 0 0 0 rg BT 248.26 176.10 Td (number ) Tj ET Q q 0 0 0 rg BT 281.08 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.68 176.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 318.94 176.10 Td (will ) Tj ET Q q 0 0 0 rg BT 336.76 176.10 Td (be ) Tj ET Q q 0 0 0 rg BT 348.47 176.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 377.39 176.10 Td (if ) Tj ET Q q 0 0 0 rg BT 385.76 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.25 176.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 443.07 176.10 Td (tar) Tj ET Q q 0 0 0 rg BT 453.44 176.10 Td (get ) Tj ET Q q 0 0 0 rg BT 467.92 176.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 493.52 176.10 Td (are ) Tj ET Q q 0 0 0 rg BT 508.00 176.10 Td (met ) Tj ET Q q 0 0 0 rg BT 525.26 176.10 Td (\(200% ) Tj ET Q q 0 0 0 rg BT 554.19 176.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (tar) Tj ET Q q 0 0 0 rg BT 59.87 164.10 Td (get ) Tj ET Q q 0 0 0 rg BT 74.34 164.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 105.49 164.10 Td (levels\).) Tj ET Q q 0 0 0 rg BT 139.46 164.10 Td (W) Tj ET Q q 0 0 0 rg BT 148.50 164.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 161.31 164.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 191.89 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.92 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.40 164.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 238.66 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.35 164.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 277.61 164.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 356.49 164.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 383.75 164.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 416.82 164.10 Td (any ) Tj ET Q q 0 0 0 rg BT 433.52 164.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 469.67 164.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 498.57 164.10 Td (above ) Tj ET Q q 0 0 0 rg BT 524.71 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.18 164.10 Td (100% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (tar) Tj ET Q q 0 0 0 rg BT 59.87 152.10 Td (get ) Tj ET Q q 0 0 0 rg BT 74.55 152.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 100.33 152.10 Td (will ) Tj ET Q q 0 0 0 rg BT 118.35 152.10 Td (be ) Tj ET Q q 0 0 0 rg BT 130.26 152.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 163.81 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.06 152.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 196.79 152.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 222.57 152.10 Td (than ) Tj ET Q q 0 0 0 rg BT 242.25 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.49 152.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 279.94 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.74 152.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 328.19 152.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 354.26 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.50 152.10 Td (order ) Tj ET Q q 0 0 0 rg BT 388.06 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.31 152.10 Td (conserve ) Tj ET Q q 0 0 0 rg BT 436.31 152.10 Td (available ) Tj ET Q q 0 0 0 rg BT 474.86 152.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 502.31 152.10 Td (under ) Tj ET Q q 0 0 0 rg BT 527.54 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.22 152.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 565.00 152.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (If ) Tj ET Q q 0 0 0 rg BT 60.42 140.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 115.21 140.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.14 140.10 Td (below ) Tj ET Q q 0 0 0 rg BT 154.84 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.32 140.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 218.34 140.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 261.50 140.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 291.59 140.10 Td (no ) Tj ET Q q 0 0 0 rg BT 305.85 140.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 386.73 140.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 415.98 140.10 Td (will ) Tj ET Q q 0 0 0 rg BT 435.80 140.10 Td (be ) Tj ET Q q 0 0 0 rg BT 449.50 140.10 Td (earned.Performance-Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 99.16 128.10 Td (A) Tj ET Q q 0 0 0 rg BT 105.46 128.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 132.50 128.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.85 128.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 177.66 128.10 Td (using ) Tj ET Q q 0 0 0 rg BT 202.48 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.85 128.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 234.88 128.10 Td (market ) Tj ET Q q 0 0 0 rg BT 265.80 128.10 Td (value ) Tj ET Q q 0 0 0 rg BT 290.60 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.09 128.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 340.23 128.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 366.99 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.58 128.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 466.35 128.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 487.15 128.10 Td (A) Tj ET Q q 0 0 0 rg BT 493.45 128.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 520.49 128.10 Td (are ) Tj ET Q q 0 0 0 rg BT 535.85 128.10 Td (valued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.67 116.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.61 116.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 109.22 116.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 133.93 116.10 Td (simulation.) 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 67.50 701.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.68 701.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.68 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.53 701.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.81 701.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.81 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 164.16 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.67 701.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 211.50 701.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 290.97 701.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 318.82 701.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 349.98 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.61 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.79 701.10 Td (of) Tj ET Q q 0 0 0 rg BT 384.94 701.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 412.49 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.71 701.10 Td (As ) Tj ET Q q 0 0 0 rg BT 428.67 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.85 701.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 498.78 701.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 524.13 701.10 Td (there ) Tj ET Q q 0 0 0 rg BT 546.97 701.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 69.69 689.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.58 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.27 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.28 689.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 168.83 689.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 227.06 689.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 261.96 689.10 Td (related ) Tj ET Q q 0 0 0 rg BT 291.84 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.31 689.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 345.54 689.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 424.85 689.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 452.53 689.10 Td (awards.) Tj ET Q q 0 0 0 rg BT 488.17 689.10 Td (This ) Tj ET Q q 0 0 0 rg BT 508.64 689.10 Td (unrecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.73 677.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 126.52 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.88 677.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 174.10 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.57 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.69 677.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 243.24 677.10 Td (over ) Tj ET Q q 0 0 0 rg BT 263.70 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.82 677.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 344.58 677.10 Td (period ) Tj ET Q q 0 0 0 rg BT 372.81 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.83 677.10 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 399.02 677.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.11 677.10 Td (.) Tj ET Q q 0 0 0 rg BT 427.43 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 445.67 677.10 Td (range ) Tj ET Q q 0 0 0 rg BT 470.56 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.58 677.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 533.71 677.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.73 677.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.97 665.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 92.33 665.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 116.79 665.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 161.27 665.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 200.73 665.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 239.63 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.54 665.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 334.48 665.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 354.57 665.10 Td (A) Tj ET Q q 0 0 0 rg BT 360.88 665.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 387.01 665.10 Td (\(presented ) Tj ET Q q 0 0 0 rg BT 430.91 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 440.37 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.84 665.10 Td (tar) Tj ET Q q 0 0 0 rg BT 465.21 665.10 Td (get ) Tj ET Q q 0 0 0 rg BT 479.68 665.10 Td (level\) ) Tj ET Q q 0 0 0 rg BT 504.69 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.15 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.73 665.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 624.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 624.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 624.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 624.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 624.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 594.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 594.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 594.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 594.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 594.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 564.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 564.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 564.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 564.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 564.60 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 360 639.6 m 425 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 639.6 m 429 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 639.6 m 494 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 639.6 m 498 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 639.6 m 563 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 639.6 m 425 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 624.6 m 425 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 639.6 m 494 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 624.6 m 494 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 639.6 m 498 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 639.6 m 563 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 624.6 m 563 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 624.6 m 425 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 624.6 m 494 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 624.6 m 563 624.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.45 644.27 Td (Y) Tj ET Q q 0 0 0 rg BT 415.17 644.27 Td (ear Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 629.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 629.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 629.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 614.27 Td (W) Tj ET Q q 0 0 0 rg BT 61.54 614.27 Td (eighted average fair value of Performance-Based ) Tj ET Q q 0 0 0 rg BT 259.28 614.27 Td (TSR ) Tj ET Q q 0 0 0 rg BT 279.75 614.27 Td (A) Tj ET Q q 0 0 0 rg BT 286.24 614.27 Td (wards granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 614.27 Td (3.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 614.27 Td (1.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 614.27 Td (7.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 599.27 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 599.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 599.27 Td (1.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 599.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 599.27 Td (0.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 599.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 584.27 Td (Expected life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.40 584.27 Td (3.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.40 584.27 Td (3.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.40 584.27 Td (3.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 569.27 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 569.27 Td (94.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 569.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 569.27 Td (57.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 569.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 569.27 Td (33.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 569.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.27 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 554.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 554.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 554.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 554.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 554.27 Td (3.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 554.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.21 526.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 117.48 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.85 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.11 526.10 Td (status ) Tj ET Q q 0 0 0 rg BT 169.93 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.31 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.57 526.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 240.16 526.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 319.83 526.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 347.87 526.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 379.23 526.10 Td (\(presented ) Tj ET Q q 0 0 0 rg BT 423.92 526.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.18 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.44 526.10 Td (tar) Tj ET Q q 0 0 0 rg BT 459.81 526.10 Td (get ) Tj ET Q q 0 0 0 rg BT 475.07 526.10 Td (level\) ) Tj ET Q q 0 0 0 rg BT 500.88 526.10 Td (during ) Tj ET Q q 0 0 0 rg BT 530.03 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.29 526.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 514.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 134.46 514.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.46 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.46 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.63 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 179.46 514.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 446.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 446.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 446.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 446.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 446.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 416.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 416.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 416.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 416.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 416.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 386.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 386.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 386.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 386.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 386.60 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 291 483.6 m 356 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 483.6 m 360 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 483.6 m 425 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 483.6 m 494 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 483.6 m 498 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 483.6 m 563 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 446.6 m 356 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 446.6 m 425 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 446.6 m 494 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 446.6 m 563 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 446.6 m 356 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 446.6 m 425 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 446.6 m 494 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 446.6 m 563 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 386.6 m 356 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 386.6 m 494 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 386.6 m 356 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 372.6 m 356 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 370.6 m 356 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 386.6 m 494 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 372.6 m 494 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 370.6 m 494 370.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.95 495.55 Td (Performance-Based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.75 487.55 Td (Operational ) Tj ET Q q 0 0 0 rg BT 365.07 487.55 Td (A) Tj ET Q q 0 0 0 rg BT 370.11 487.55 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.95 495.55 Td (Performance-Based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 487.55 Td (TSR ) Tj ET Q q 0 0 0 rg BT 491.53 487.55 Td (A) Tj ET Q q 0 0 0 rg BT 496.57 487.55 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 458.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 450.85 Td (of ) Tj ET Q q 0 0 0 rg BT 315.24 450.85 Td (A) Tj ET Q q 0 0 0 rg BT 320.43 450.85 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.75 474.85 Td (W) Tj ET Q q 0 0 0 rg BT 383.98 474.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 466.85 Td (A) Tj ET Q q 0 0 0 rg BT 384.23 466.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.55 458.85 Td (Grant-Date Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.85 450.85 Td (V) Tj ET Q q 0 0 0 rg BT 388.18 450.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.85 458.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.80 450.85 Td (of ) Tj ET Q q 0 0 0 rg BT 453.24 450.85 Td (A) Tj ET Q q 0 0 0 rg BT 458.43 450.85 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.75 474.85 Td (W) Tj ET Q q 0 0 0 rg BT 521.66 474.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.75 466.85 Td (A) Tj ET Q q 0 0 0 rg BT 521.93 466.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.55 458.85 Td (Grant-Date Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.85 450.85 Td (V) Tj ET Q q 0 0 0 rg BT 525.74 450.85 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 436.27 Td (Nonvested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 436.27 Td (964,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 436.27 Td (8.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 436.27 Td (2,016,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 436.27 Td (5.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 421.27 Td (Granted ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 87.21 425.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 421.27 Td (299,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 421.27 Td (3.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 421.27 Td (769,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 421.27 Td (3.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 406.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.61 406.27 Td (ested ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.66 410.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 406.32 Td (\(653,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 406.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 406.27 Td (4.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 406.32 Td (\(165,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 406.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 406.27 Td (19.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 391.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 391.32 Td (\(55,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 391.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 391.27 Td (5.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 391.32 Td (\(123,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 391.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 391.27 Td (4.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.27 Td (Nonvested at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 376.27 Td (554,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 376.27 Td (10.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 376.27 Td (2,497,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 376.27 Td (3.76) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 348.10 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 106.65 348.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 139.11 348.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 167.12 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.81 348.10 Td (number ) Tj ET Q q 0 0 0 rg BT 214.84 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.64 348.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 278.64 348.10 Td (units ) Tj ET Q q 0 0 0 rg BT 300.57 348.10 Td (granted. ) Tj ET Q q 0 0 0 rg BT 335.53 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.83 348.10 Td (The ) Tj ET Q q 0 0 0 rg BT 355.85 348.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 382.20 348.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 411.90 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.70 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.40 348.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 464.86 348.10 Td (may ) Tj ET Q q 0 0 0 rg BT 484.56 348.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.47 348.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.27 348.10 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.60 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 348.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 336.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.83 336.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.37 336.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.19 336.10 Td (any ) Tj ET Q q 0 0 0 rg BT 131.67 336.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 167.59 336.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 196.28 336.10 Td (above ) Tj ET Q q 0 0 0 rg BT 222.20 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.45 336.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 261.82 336.10 Td (tar) Tj ET Q q 0 0 0 rg BT 272.19 336.10 Td (get ) Tj ET Q q 0 0 0 rg BT 286.45 336.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 311.81 336.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 344.95 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.76 336.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 377.07 336.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 402.43 336.10 Td (than ) Tj ET Q q 0 0 0 rg BT 421.68 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.50 336.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 458.53 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.90 336.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 505.93 336.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 531.58 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.40 336.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 324.10 Td (conserve ) Tj ET Q q 0 0 0 rg BT 115.82 324.10 Td (available ) Tj ET Q q 0 0 0 rg BT 154.40 324.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 181.89 324.10 Td (under ) Tj ET Q q 0 0 0 rg BT 207.16 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.88 324.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 312.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.86 312.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 124.40 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.65 312.10 Td (service ) Tj ET Q q 0 0 0 rg BT 171.00 312.10 Td (period ) Tj ET Q q 0 0 0 rg BT 199.58 312.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 228.16 312.10 Td (on ) Tj ET Q q 0 0 0 rg BT 241.19 312.10 Td (these ) Tj ET Q q 0 0 0 rg BT 264.77 312.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 318.33 312.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 336.92 312.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 370.77 312.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.59 312.10 Td (The ) Tj ET Q q 0 0 0 rg BT 392.17 312.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 420.75 312.10 Td (units ) Tj ET Q q 0 0 0 rg BT 443.23 312.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 472.91 312.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.38 312.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 520.07 312.10 Td (average ) Tj ET Q q 0 0 0 rg BT 554.19 312.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 300.10 Td (64%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.83 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.63 300.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.88 300.10 Td (53%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.21 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.01 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.15 300.10 Td (tar) Tj ET Q q 0 0 0 rg BT 148.51 300.10 Td (get ) Tj ET Q q 0 0 0 rg BT 163.53 300.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.00 300.10 Td (each ) Tj ET Q q 0 0 0 rg BT 199.12 300.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 227.47 300.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 277.47 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.51 300.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 315.66 300.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 395.08 300.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 424.82 300.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 472.48 300.10 Td (, ) Tj ET Q q 0 0 0 rg BT 477.78 300.10 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.01 300.10 Td (506,035) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 288.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 108.86 288.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.35 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.18 288.10 Td (common ) Tj ET Q q 0 0 0 rg BT 184.68 288.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 208.29 288.10 Td (issued.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 264.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 264.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 264.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 264.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 264.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.31 264.10 Td (total ) Tj ET Q q 0 0 0 rg BT 228.58 264.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 259.97 264.10 Td (date ) Tj ET Q q 0 0 0 rg BT 279.12 264.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 295.50 264.10 Td (value ) Tj ET Q q 0 0 0 rg BT 319.65 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.48 264.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 409.60 264.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 437.10 264.10 Td (awards:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 223.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 223.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 223.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 223.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 223.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 223.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 223.60 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 359 238.60000000000002 m 424 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 238.60000000000002 m 428 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 238.60000000000002 m 493 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 238.60000000000002 m 497 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 238.60000000000002 m 562 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 223.60000000000002 m 355 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 223.60000000000002 m 424 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 223.60000000000002 m 493 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 223.60000000000002 m 562 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 223.60000000000002 m 424 223.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 243.27 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 243.27 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 228.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 228.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 228.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 228.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 213.27 Td (V) Tj ET Q q 0 0 0 rg BT 59.17 213.27 Td (esting date fair value of Performance-Based Operational ) Tj ET Q q 0 0 0 rg BT 286.30 213.27 Td (A) Tj ET Q q 0 0 0 rg BT 292.78 213.27 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 213.27 Td (1,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 213.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 213.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 213.27 Td (2,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 198.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.61 198.27 Td (esting date fair value of Performance-Based ) Tj ET Q q 0 0 0 rg BT 236.69 198.27 Td (TSR ) Tj ET Q q 0 0 0 rg BT 256.98 198.27 Td (A) Tj ET Q q 0 0 0 rg BT 263.28 198.27 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 198.27 Td (227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 198.27 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 198.27 Td (300) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (Note 9. Commodity Derivative Contracts) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 146.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 146.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.00 146.10 Td (do ) Tj ET Q q 0 0 0 rg BT 95.42 146.10 Td (not ) Tj ET Q q 0 0 0 rg BT 110.63 146.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 135.27 146.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 161.57 146.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 207.87 146.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 248.05 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.25 146.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.01 146.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 286.99 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.85 146.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 334.04 146.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 349.79 146.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 392.20 146.10 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 433.49 146.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 474.50 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.14 146.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.77 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.98 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.62 146.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (values ) Tj ET Q q 0 0 0 rg BT 77.04 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.36 134.10 Td (these ) Tj ET Q q 0 0 0 rg BT 109.89 134.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 158.55 134.10 Td (are ) Tj ET Q q 0 0 0 rg BT 172.74 134.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 218.60 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.36 134.10 Td (income ) Tj ET Q q 0 0 0 rg BT 259.79 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.56 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.76 134.10 Td (period ) Tj ET Q q 0 0 0 rg BT 311.30 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.62 134.10 Td (change.) Tj ET Q q 0 0 0 rg BT 357.25 134.10 Td (These ) Tj ET Q q 0 0 0 rg BT 383.12 134.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.99 134.10 Td (value ) Tj ET Q q 0 0 0 rg BT 422.63 134.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 459.33 134.10 Td (along ) Tj ET Q q 0 0 0 rg BT 483.54 134.10 Td (with ) Tj ET Q q 0 0 0 rg BT 503.30 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.51 134.10 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.08 122.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 92.31 122.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 133.15 122.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.61 122.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 175.97 122.10 Td (under ) Tj ET Q q 0 0 0 rg BT 200.98 122.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.42 122.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 255.45 122.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 301.57 122.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 336.03 122.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.12 122.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.81 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.83 122.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.41 122.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 459.43 122.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 505.56 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 122.10 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 98.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.06 98.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.17 98.10 Td (we ) Tj ET Q q 0 0 0 rg BT 131.44 98.10 Td (have ) Tj ET Q q 0 0 0 rg BT 151.92 98.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 182.96 98.10 Td (into ) Tj ET Q q 0 0 0 rg BT 200.12 98.10 Td (various ) Tj ET Q q 0 0 0 rg BT 231.17 98.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.33 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.38 98.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 288.75 98.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 303.69 98.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 345.27 98.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 382.98 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.36 98.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 424.52 98.10 Td (an ) Tj ET Q q 0 0 0 rg BT 435.56 98.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 476.04 98.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 501.53 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.47 98.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.40 98.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.40 86.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 109.07 86.10 Td (price ) Tj ET Q q 0 0 0 rg BT 132.17 86.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 150.29 86.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 194.50 86.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.40 86.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 262.39 86.10 Td (future ) Tj ET Q q 0 0 0 rg BT 289.38 86.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 303.06 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.62 86.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 351.50 86.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 367.95 86.10 Td (production ) Tj ET Q q 0 0 0 rg BT 414.39 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.95 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.85 86.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 476.52 86.10 Td (more ) Tj ET Q q 0 0 0 rg BT 500.18 86.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 538.28 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 86.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.78 74.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.95 74.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 125.49 74.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.12 74.10 Td (e ) Tj ET Q q 0 0 0 rg BT 140.96 74.10 Td (do ) Tj ET Q q 0 0 0 rg BT 153.36 74.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.54 74.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 188.72 74.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.45 74.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 221.85 74.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 264.23 74.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 301.61 74.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 350.67 74.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.73 74.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 395.46 74.10 Td (purposes.Generally) Tj ET Q q 0 0 0 rg BT 477.29 74.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.19 74.10 Td (these ) Tj ET Q q 0 0 0 rg BT 505.13 74.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 543.63 74.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 89.19 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.99 62.10 Td (various ) Tj ET Q q 0 0 0 rg BT 131.90 62.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 188.25 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.05 62.10 Td (price ) Tj ET Q q 0 0 0 rg BT 221.51 62.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 249.81 62.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 281.43 62.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 323.88 62.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 355.51 62.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 401.84 62.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 431.25 62.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 477.59 62.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 504.50 62.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 544.72 62.10 Td (with ) 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 49.50 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.20 713.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 75.13 713.10 Td (put, ) Tj ET Q q 0 0 0 rg BT 92.67 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.37 713.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 131.63 713.10 Td (swaps.) Tj ET Q q 0 0 0 rg BT 163.39 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.20 713.10 Td (production ) Tj ET Q q 0 0 0 rg BT 226.79 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.04 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.96 713.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 284.10 713.10 Td (has ) Tj ET Q q 0 0 0 rg BT 299.69 713.10 Td (varied ) Tj ET Q q 0 0 0 rg BT 326.94 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.64 713.10 Td (year ) Tj ET Q q 0 0 0 rg BT 368.10 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.14 713.10 Td (year ) Tj ET Q q 0 0 0 rg BT 397.61 713.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 441.53 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 453.79 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 469.38 713.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 494.96 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.55 713.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 527.53 713.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 84.22 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.16 701.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 149.74 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.57 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 186.95 701.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 235.00 701.10 Td (prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 677.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.79 677.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 116.10 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.76 677.10 Td (control ) Tj ET Q q 0 0 0 rg BT 163.30 677.10 Td (market ) Tj ET Q q 0 0 0 rg BT 193.28 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.93 677.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 262.68 677.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 287.66 677.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 304.87 677.10 Td (through ) Tj ET Q q 0 0 0 rg BT 338.20 677.10 Td (established ) Tj ET Q q 0 0 0 rg BT 384.85 677.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 417.61 677.10 Td (control ) Tj ET Q q 0 0 0 rg BT 448.15 677.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 494.23 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.44 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.86 677.10 Td (reviewed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.45 665.10 Td (an ) Tj ET Q q 0 0 0 rg BT 74.83 665.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 110.56 665.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 136.00 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.74 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 147.38 665.10 Td (e ) Tj ET Q q 0 0 0 rg BT 154.76 665.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 187.70 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.42 665.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 239.14 665.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 264.85 665.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 282.80 665.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 321.84 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.57 665.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 392.15 665.10 Td (through ) Tj ET Q q 0 0 0 rg BT 426.21 665.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 455.81 665.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 481.52 665.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 518.07 665.10 Td (monitoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 96.52 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.12 653.10 Td (diversification, ) Tj ET Q q 0 0 0 rg BT 177.53 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.13 653.10 Td (all ) Tj ET Q q 0 0 0 rg BT 208.28 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.76 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.25 653.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 284.96 653.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 328.09 653.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 367.34 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.70 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 403.64 653.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 433.45 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 451.60 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 466.96 653.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 499.00 653.10 Td (under ) Tj ET Q q 0 0 0 rg BT 524.92 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 541.41 653.10 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 75.99 641.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 122.33 641.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 135.91 641.10 Td (af) Tj ET Q q 0 0 0 rg BT 143.50 641.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 172.63 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.88 641.10 Td (such ) Tj ET Q q 0 0 0 rg BT 203.12 641.10 Td (lenders\). ) Tj ET Q q 0 0 0 rg BT 239.75 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.24 641.10 Td (As ) Tj ET Q q 0 0 0 rg BT 254.27 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.52 641.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 322.52 641.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.52 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.94 641.10 Td (all ) Tj ET Q q 0 0 0 rg BT 358.86 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.10 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.35 641.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 432.93 641.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 474.83 641.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 512.84 641.10 Td (were ) Tj ET Q q 0 0 0 rg BT 534.19 641.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.92 629.10 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 109.20 629.10 Td (master ) Tj ET Q q 0 0 0 rg BT 138.50 629.10 Td (netting ) Tj ET Q q 0 0 0 rg BT 168.91 629.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 225.42 629.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 262.49 629.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 300.12 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.77 629.10 Td (those ) Tj ET Q q 0 0 0 rg BT 336.52 629.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 375.26 629.10 Td (can ) Tj ET Q q 0 0 0 rg BT 391.78 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.86 629.10 Td (of) Tj ET Q q 0 0 0 rg BT 412.01 629.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 429.09 629.10 Td (against ) Tj ET Q q 0 0 0 rg BT 460.06 629.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 507.68 629.10 Td (from ) Tj ET Q q 0 0 0 rg BT 529.76 629.10 Td (separate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 91.79 617.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 130.19 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.27 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.79 617.10 Td (same ) Tj ET Q q 0 0 0 rg BT 187.65 617.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 237.53 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.34 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.64 617.10 Td (It ) Tj ET Q q 0 0 0 rg BT 253.06 617.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.03 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.67 617.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 304.97 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.05 617.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 347.91 617.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 390.19 617.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.83 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.58 617.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 472.10 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 484.40 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.15 617.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 514.57 617.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 536.87 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 617.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.53 605.10 Td (sheets, ) Tj ET Q q 0 0 0 rg BT 111.97 605.10 Td (even ) Tj ET Q q 0 0 0 rg BT 133.35 605.10 Td (if ) Tj ET Q q 0 0 0 rg BT 141.96 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.67 605.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 195.27 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.97 605.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 240.80 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.08 605.10 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 300.21 605.10 Td (master ) Tj ET Q q 0 0 0 rg BT 329.36 605.10 Td (netting ) Tj ET Q q 0 0 0 rg BT 359.64 605.10 Td (arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.61 581.10 Td (following ) Tj ET Q q 0 0 0 rg BT 127.06 581.10 Td (table ) Tj ET Q q 0 0 0 rg BT 149.05 581.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 199.38 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.27 581.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 263.39 581.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 305.93 581.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 344.59 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 355.48 581.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.37 581.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 425.02 581.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.02 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.08 581.10 Td (none ) Tj ET Q q 0 0 0 rg BT 472.08 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.97 581.10 Td (which ) Tj ET Q q 0 0 0 rg BT 509.98 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 524.75 581.10 Td (classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 569.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 95.05 569.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 144.21 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.49 569.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 201.95 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 222.23 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.95 569.10 Td (F) Tj ET Q q 0 0 0 rg BT 241.77 569.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 263.72 569.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 312.31 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.81 569.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.25 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.75 569.10 Td (topic:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 513.60 131.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 513.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 513.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 513.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 513.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 513.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 513.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 513.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 513.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 513.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 483.60 69.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 119.00 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 123.00 483.60 58.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 483.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 483.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 483.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 483.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 483.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 483.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 483.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 483.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 483.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 483.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 453.60 131.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 453.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 453.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 453.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 453.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 453.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 453.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 453.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 453.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 453.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 423.60 131.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 423.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 423.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 423.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 423.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 423.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 423.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 423.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 423.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 423.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 423.60 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 245 543.6 m 256 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 543.6 m 296 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 543.6 m 307 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 543.6 m 347 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 543.6 m 351 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 543.6 m 401 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 543.6 m 405 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 543.6 m 455 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 543.6 m 459 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 543.6 m 509 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 543.6 m 513 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 543.6 m 563 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 543.6 m 351 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 543.6 m 401 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 528.6 m 401 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 543.6 m 405 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 528.6 m 405 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 543.6 m 455 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 528.6 m 455 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 543.6 m 459 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 528.6 m 459 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 543.6 m 509 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 528.6 m 509 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 543.6 m 513 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 528.6 m 513 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 543.6 m 563 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 528.6 m 563 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 513.6 m 119 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123 513.6 m 181 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 513.6 m 241 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 513.6 m 256 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 513.6 m 296 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 513.6 m 307 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 513.6 m 347 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 528.6 m 401 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 513.6 m 401 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 513.6 m 455 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 513.6 m 509 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 513.6 m 563 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 513.6 m 119 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123 513.6 m 181 513.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.70 518.27 Td (Months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.55 518.27 Td (Index Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.00 538.27 Td (V) Tj ET Q q 0 0 0 rg BT 203.58 538.27 Td (olume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.75 528.27 Td (\(Barrels per) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 518.27 Td (day\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.10 548.27 Td (Contract Prices \($/Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 518.27 Td (Range ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.70 522.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 518.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.40 533.27 Td (W) Tj ET Q q 0 0 0 rg BT 417.44 533.27 Td (eighted ) Tj ET Q q 0 0 0 rg BT 448.70 533.27 Td (A) Tj ET Q q 0 0 0 rg BT 455.27 533.27 Td (verage Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.35 518.27 Td (Swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.40 518.27 Td (Sold Put) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 518.27 Td (Floor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.75 518.27 Td (Ceiling) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 503.28 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 52.5 486.9736328125 m 150.810546875 486.9736328125 l s q 0 0 0 rg BT 52.50 488.31 Td (2018 Fixed-Price Swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.25 473.27 Td (Jan Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 473.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 473.27 Td (20,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 473.27 Td (50.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 473.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 473.27 Td (56.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 473.27 Td (51.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 473.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 473.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 473.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 473.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.25 458.27 Td (Jan Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.20 458.27 Td (Ar) Tj ET Q q 0 0 0 rg BT 139.66 458.27 Td (gus LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 458.27 Td (5,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 458.27 Td (60.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 458.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 458.27 Td (60.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 458.27 Td (60.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 458.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 458.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 458.27 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 52.5 441.9736328125 m 150.6494140625 441.9736328125 l s q 0 0 0 rg BT 52.50 443.31 Td (2018 Thr) Tj ET Q q 0 0 0 rg BT 89.08 443.31 Td (ee-W) Tj ET Q q 0 0 0 rg BT 108.70 443.31 Td (ay Collars) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 150.65 443.31 Td ( ) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 153.15 447.84 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.25 428.27 Td (Jan Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 428.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 428.27 Td (15,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 428.27 Td (45.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 428.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 428.27 Td (56.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 428.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 428.27 Td (36.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 428.27 Td (46.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 428.27 Td (53.88) 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 52.5 411.9736328125 m 124.7314453125 411.9736328125 l s q 0 0 0 rg BT 52.50 413.31 Td (2018 Basis Swaps) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 124.73 417.84 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.15 398.27 Td (Jan June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.75 398.27 Td (Ar) Tj ET Q q 0 0 0 rg BT 139.12 398.27 Td (gus ) Tj ET Q q 0 0 0 rg BT 155.33 398.27 Td (WTI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 398.27 Td (20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 398.27 Td (3.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 398.27 Td (4.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 398.27 Td (4.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 398.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 370.10 Td (Ranges ) Tj ET Q q 0 0 0 rg BT 99.82 370.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 141.01 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.55 370.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 202.30 370.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 229.62 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.94 370.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 269.82 370.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 297.14 370.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 336.67 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.76 370.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 380.75 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.07 370.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 429.84 370.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 453.26 370.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 480.02 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.23 370.10 Td (all ) Tj ET Q q 0 0 0 rg BT 504.10 370.10 Td (open ) Tj ET Q q 0 0 0 rg BT 526.42 370.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.64 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.34 358.10 Td (period ) Tj ET Q q 0 0 0 rg BT 124.37 358.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 167.67 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.15 358.10 Td (For ) Tj ET Q q 0 0 0 rg BT 186.52 358.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 228.98 358.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 260.62 358.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 289.20 358.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 328.33 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.02 358.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 371.61 358.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 393.53 358.10 Td (price ) Tj ET Q q 0 0 0 rg BT 416.00 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.92 358.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 464.29 358.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 493.98 358.10 Td (price ) Tj ET Q q 0 0 0 rg BT 516.45 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.59 358.10 Td (all ) Tj ET Q q 0 0 0 rg BT 543.07 358.10 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 346.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 106.09 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 120.25 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.97 346.10 Td (period ) Tj ET Q q 0 0 0 rg BT 163.02 346.10 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.34 334.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 118.49 334.10 Td (collar ) Tj ET Q q 0 0 0 rg BT 143.42 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.26 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.87 334.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 192.15 334.10 Td (collar ) Tj ET Q q 0 0 0 rg BT 217.08 334.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 251.46 334.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 293.06 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.01 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.62 334.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 338.46 334.10 Td (put ) Tj ET Q q 0 0 0 rg BT 353.41 334.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 383.33 334.10 Td (\(at ) Tj ET Q q 0 0 0 rg BT 396.05 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.66 334.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 427.60 334.10 Td (price\) ) Tj ET Q q 0 0 0 rg BT 453.08 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 473.03 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.42 334.10 Td (same ) Tj ET Q q 0 0 0 rg BT 510.13 334.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 560.02 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 565.02 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.87 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.34 322.10 Td (received ) Tj ET Q q 0 0 0 rg BT 144.03 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.51 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.54 322.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 190.03 322.10 Td (put ) Tj ET Q q 0 0 0 rg BT 204.63 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.12 322.10 Td (used ) Tj ET Q q 0 0 0 rg BT 233.27 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.87 322.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 277.45 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.48 322.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 334.94 322.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 356.20 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.46 322.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 401.49 322.10 Td (price ) Tj ET Q q 0 0 0 rg BT 423.30 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.45 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.49 322.10 Td (related ) Tj ET Q q 0 0 0 rg BT 476.51 322.10 Td (collar) Tj ET Q q 0 0 0 rg BT 498.72 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.04 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.46 322.10 Td (At ) Tj ET Q q 0 0 0 rg BT 516.28 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.32 322.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 110.60 310.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 131.76 310.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 145.42 310.10 Td (if ) Tj ET Q q 0 0 0 rg BT 153.54 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.76 310.10 Td (index ) Tj ET Q q 0 0 0 rg BT 191.98 310.10 Td (price ) Tj ET Q q 0 0 0 rg BT 213.97 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.64 310.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 250.19 310.10 Td (than ) Tj ET Q q 0 0 0 rg BT 269.41 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.63 310.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 312.84 310.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 337.33 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.00 310.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 367.44 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.66 310.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 434.19 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.42 310.10 Td (dif) Tj ET Q q 0 0 0 rg BT 459.34 310.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 490.76 310.10 Td (between ) Tj ET Q q 0 0 0 rg BT 526.08 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.30 310.10 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (price ) Tj ET Q q 0 0 0 rg BT 89.80 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.55 298.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 136.07 298.10 Td (price ) Tj ET Q q 0 0 0 rg BT 158.37 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.34 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.86 298.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 230.82 298.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 269.51 298.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 283.48 298.10 Td (if ) Tj ET Q q 0 0 0 rg BT 291.90 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.43 298.10 Td (index ) Tj ET Q q 0 0 0 rg BT 330.96 298.10 Td (price ) Tj ET Q q 0 0 0 rg BT 353.26 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 362.24 298.10 Td (between ) Tj ET Q q 0 0 0 rg BT 397.86 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.39 298.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 434.14 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.89 298.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 480.41 298.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 505.21 298.10 Td (no ) Tj ET Q q 0 0 0 rg BT 517.52 298.10 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td (occur) Tj ET Q q 0 0 0 rg BT 89.31 286.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.46 286.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 106.77 286.10 Td (if ) Tj ET Q q 0 0 0 rg BT 114.53 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.40 286.10 Td (index ) Tj ET Q q 0 0 0 rg BT 152.27 286.10 Td (price ) Tj ET Q q 0 0 0 rg BT 173.91 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.23 286.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 206.66 286.10 Td (than ) Tj ET Q q 0 0 0 rg BT 225.52 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.39 286.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 260.49 286.10 Td (price ) Tj ET Q q 0 0 0 rg BT 282.12 286.10 Td (but ) Tj ET Q q 0 0 0 rg BT 296.56 286.10 Td (at ) Tj ET Q q 0 0 0 rg BT 305.42 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.41 286.10 Td (above ) Tj ET Q q 0 0 0 rg BT 340.94 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.81 286.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 373.13 286.10 Td (put ) Tj ET Q q 0 0 0 rg BT 387.56 286.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 411.70 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.57 286.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 477.75 286.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 497.74 286.10 Td (us ) Tj ET Q q 0 0 0 rg BT 508.28 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.15 286.10 Td (dif) Tj ET Q q 0 0 0 rg BT 533.08 286.10 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.10 Td (between ) Tj ET Q q 0 0 0 rg BT 103.72 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.85 274.10 Td (index ) Tj ET Q q 0 0 0 rg BT 143.97 274.10 Td (price ) Tj ET Q q 0 0 0 rg BT 166.86 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.21 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.33 274.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 221.68 274.10 Td (price ) Tj ET Q q 0 0 0 rg BT 244.57 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 259.13 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.26 274.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 318.81 274.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 355.60 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.94 274.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 387.51 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 396.53 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.65 274.10 Td (index ) Tj ET Q q 0 0 0 rg BT 436.77 274.10 Td (price ) Tj ET Q q 0 0 0 rg BT 459.67 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.24 274.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 494.92 274.10 Td (than ) Tj ET Q q 0 0 0 rg BT 515.04 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.16 274.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 549.74 274.10 Td (put ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 92.49 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.20 262.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 160.23 262.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 181.06 262.10 Td (us ) Tj ET Q q 0 0 0 rg BT 192.46 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.17 262.10 Td (dif) Tj ET Q q 0 0 0 rg BT 218.10 262.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 250.01 262.10 Td (between ) Tj ET Q q 0 0 0 rg BT 285.83 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.55 262.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 322.49 262.10 Td (price ) Tj ET Q q 0 0 0 rg BT 344.97 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.91 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.63 262.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 395.80 262.10 Td (put ) Tj ET Q q 0 0 0 rg BT 411.07 262.10 Td (price ) Tj ET Q q 0 0 0 rg BT 433.56 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.72 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.44 262.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 506.58 262.10 Td (volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.62 250.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 108.20 250.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 131.32 250.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 169.99 250.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 207.56 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.57 250.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 237.70 250.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.27 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.50 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.29 250.10 Td (dif) Tj ET Q q 0 0 0 rg BT 310.22 250.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 346.10 250.10 Td (between ) Tj ET Q q 0 0 0 rg BT 381.43 250.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 391.80 250.10 Td (gus ) Tj ET Q q 0 0 0 rg BT 408.08 250.10 Td (WTI ) Tj ET Q q 0 0 0 rg BT 429.53 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.97 250.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 456.35 250.10 Td (gus ) Tj ET Q q 0 0 0 rg BT 472.81 250.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 493.16 250.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 519.62 250.10 Td (on ) Tj ET Q q 0 0 0 rg BT 532.19 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.20 250.10 Td (trade-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (month ) Tj ET Q q 0 0 0 rg BT 95.56 238.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 118.06 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.22 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.93 238.10 Td (period ) Tj ET Q q 0 0 0 rg BT 174.98 238.10 Td (indicated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 214.10 Td (10. ) Tj ET Q q 0 0 0 rg BT 86.99 214.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 105.13 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.45 214.10 Td (V) Tj ET Q q 0 0 0 rg BT 113.76 214.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 134.04 214.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 166.62 214.10 Td (ements) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.19 190.10 Td (F) Tj ET Q q 0 0 0 rg BT 91.00 190.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 113.60 190.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 134.51 190.10 Td (V) Tj ET Q q 0 0 0 rg BT 139.51 190.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 159.87 190.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 190.05 190.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.93 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.07 190.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 240.20 190.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 272.21 190.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 289.23 190.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.02 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.49 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.85 190.10 Td (price ) Tj ET Q q 0 0 0 rg BT 363.97 190.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.11 190.10 Td (would ) Tj ET Q q 0 0 0 rg BT 410.25 190.10 Td (be ) Tj ET Q q 0 0 0 rg BT 422.82 190.10 Td (received ) Tj ET Q q 0 0 0 rg BT 459.82 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.74 190.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 487.77 190.10 Td (an ) Tj ET Q q 0 0 0 rg BT 500.34 190.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 522.92 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.39 190.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 554.74 190.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 83.01 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.43 178.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 124.51 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.27 178.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.68 178.10 Td (orderly ) Tj ET Q q 0 0 0 rg BT 179.53 178.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 226.38 178.10 Td (between ) Tj ET Q q 0 0 0 rg BT 262.67 178.10 Td (market ) Tj ET Q q 0 0 0 rg BT 293.41 178.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 343.04 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.23 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.43 178.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 424.71 178.10 Td (date ) Tj ET Q q 0 0 0 rg BT 444.34 178.10 Td (\(often ) Tj ET Q q 0 0 0 rg BT 471.20 178.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 505.81 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.56 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.87 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.06 178.10 Td (exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (price\).) Tj ET Q q 0 0 0 rg BT 84.57 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 93.21 166.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.36 166.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 130.06 166.10 Td (market ) Tj ET Q q 0 0 0 rg BT 161.54 166.10 Td (data ) Tj ET Q q 0 0 0 rg BT 181.91 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.95 166.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.11 166.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.82 166.10 Td (market ) Tj ET Q q 0 0 0 rg BT 297.29 166.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 347.66 166.10 Td (would ) Tj ET Q q 0 0 0 rg BT 376.37 166.10 Td (use ) Tj ET Q q 0 0 0 rg BT 393.41 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.90 166.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 436.94 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.87 166.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 476.02 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.06 166.10 Td (liability) Tj ET Q q 0 0 0 rg BT 518.52 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.73 166.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 102.00 154.10 Td (about ) Tj ET Q q 0 0 0 rg BT 127.27 154.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 145.33 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.82 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.09 154.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 200.04 154.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 235.85 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.69 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.96 154.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 289.46 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.29 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.56 154.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 355.83 154.10 Td (technique.) Tj ET Q q 0 0 0 rg BT 402.02 154.10 Td (These ) Tj ET Q q 0 0 0 rg BT 428.95 154.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 456.46 154.10 Td (can ) Tj ET Q q 0 0 0 rg BT 473.39 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 485.88 154.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 516.70 154.10 Td (observable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.85 142.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 133.51 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.42 142.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 184.21 142.10 Td (unobservable.) Tj ET Q q 0 0 0 rg BT 244.84 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 253.48 142.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.50 142.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 300.29 142.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 325.09 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.89 142.10 Td (income ) Tj ET Q q 0 0 0 rg BT 371.91 142.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 411.14 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.38 142.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 464.61 142.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.06 142.10 Td (value ) Tj ET Q q 0 0 0 rg BT 505.30 142.10 Td (measurements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 130.10 Td (endeavor ) Tj ET Q q 0 0 0 rg BT 107.31 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.45 130.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 146.81 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.39 130.10 Td (best ) Tj ET Q q 0 0 0 rg BT 181.86 130.10 Td (available ) Tj ET Q q 0 0 0 rg BT 221.31 130.10 Td (information.) Tj ET Q q 0 0 0 rg BT 275.47 130.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 324.81 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.67 130.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.69 130.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 374.05 130.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 414.62 130.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 460.75 130.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.11 130.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 521.90 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.48 130.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 130.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 94.22 118.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 120.07 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.91 118.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 175.08 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.70 118.10 Td (use ) Tj ET Q q 0 0 0 rg BT 203.43 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.17 118.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 267.89 118.10 Td (inputs.) Tj ET Q q 0 0 0 rg BT 299.65 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 308.29 118.10 Td (e ) Tj ET Q q 0 0 0 rg BT 314.13 118.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.74 118.10 Td (able ) Tj ET Q q 0 0 0 rg BT 345.80 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.98 118.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 386.93 118.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.21 118.10 Td (value ) Tj ET Q q 0 0 0 rg BT 425.27 118.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 461.10 118.10 Td (based ) Tj ET Q q 0 0 0 rg BT 485.27 118.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.67 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.29 118.10 Td (observability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 106.10 Td (those ) Tj ET Q q 0 0 0 rg BT 83.73 106.10 Td (inputs.) Tj ET Q q 0 0 0 rg BT 115.50 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.45 106.10 Td (F) Tj ET Q q 0 0 0 rg BT 138.26 106.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 160.12 106.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 205.84 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.67 106.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 228.95 106.10 Td (value ) Tj ET Q q 0 0 0 rg BT 253.00 106.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 293.15 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.54 106.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 353.48 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.10 106.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 394.94 106.10 Td (used ) Tj ET Q q 0 0 0 rg BT 415.67 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.85 106.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 461.56 106.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 477.83 106.10 Td (value.) Tj ET Q q 0 0 0 rg BT 506.81 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 524.75 106.10 Td (hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 73.53 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.67 94.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 120.48 94.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 153.40 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.10 94.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 210.34 94.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 240.48 94.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 267.28 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.98 94.10 Td (active ) Tj ET Q q 0 0 0 rg BT 304.78 94.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 339.36 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.94 94.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 391.29 94.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.54 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.79 94.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 468.93 94.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 497.95 94.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 505.87 94.10 Td (measurement\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.24 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.75 82.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 109.16 82.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 141.45 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.52 82.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 207.14 82.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 233.88 82.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 262.27 82.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 269.57 82.10 Td (measurement\).) Tj ET Q q 0 0 0 rg BT 333.53 82.10 Td (The ) Tj ET Q q 0 0 0 rg BT 351.38 82.10 Td (three ) Tj ET Q q 0 0 0 rg BT 373.66 82.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 399.28 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.91 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.42 82.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 440.60 82.10 Td (value ) Tj ET Q q 0 0 0 rg BT 464.55 82.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 504.60 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.10 82.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.73 82.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 58.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.76 58.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 118.26 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.76 58.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 157.70 58.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 184.08 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.36 58.10 Td (active ) Tj ET Q q 0 0 0 rg BT 220.73 58.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 254.88 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.04 58.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 305.97 58.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.80 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.63 58.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 382.35 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.18 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.01 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.73 58.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 457.88 58.10 Td (date.) Tj ET Q 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 ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 701.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.92 701.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 118.58 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.23 701.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 157.78 701.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 184.88 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.74 701.10 Td (other ) Tj ET Q q 0 0 0 rg BT 222.95 701.10 Td (than ) Tj ET Q q 0 0 0 rg BT 242.82 701.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 272.69 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 299.23 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.66 701.10 Td (active ) Tj ET Q q 0 0 0 rg BT 336.19 701.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 370.50 701.10 Td (included ) Tj ET Q q 0 0 0 rg BT 407.59 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.02 701.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 443.44 701.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 453.60 701.10 Td (which ) Tj ET Q q 0 0 0 rg BT 480.70 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.56 701.10 Td (either ) Tj ET Q q 0 0 0 rg BT 520.98 701.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 554.18 701.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 689.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 126.37 689.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 172.23 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.11 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.99 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.75 689.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 244.62 689.10 Td (date.Level ) Tj ET Q q 0 0 0 rg BT 294.08 689.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 301.63 689.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 337.50 689.10 Td (those ) Tj ET Q q 0 0 0 rg BT 361.16 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.69 689.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 447.90 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.44 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 480.20 689.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 509.40 689.10 Td (using ) Tj ET Q q 0 0 0 rg BT 533.62 689.10 Td (models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.56 677.10 Td (other ) Tj ET Q q 0 0 0 rg BT 117.83 677.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 156.77 677.10 Td (methodologies.Instruments ) Tj ET Q q 0 0 0 rg BT 272.09 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.60 677.10 Td (this ) Tj ET Q q 0 0 0 rg BT 297.77 677.10 Td (category ) Tj ET Q q 0 0 0 rg BT 333.92 677.10 Td (include ) Tj ET Q q 0 0 0 rg BT 365.08 677.10 Td (non-exchange-traded ) Tj ET Q q 0 0 0 rg BT 451.21 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 463.49 677.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 509.09 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.81 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.74 677.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.98 665.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 137.12 665.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 167.93 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.85 665.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 231.19 665.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 258.11 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.03 665.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 297.51 665.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 324.43 665.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.91 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 356.59 665.10 Td (based ) Tj ET Q q 0 0 0 rg BT 381.84 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.32 665.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 429.56 665.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 460.37 665.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.39 665.10 Td (than ) Tj ET Q q 0 0 0 rg BT 503.09 665.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 542.24 665.10 Td (\(e.g., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 653.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 108.94 653.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 150.14 653.10 Td (Sweet\).Our ) Tj ET Q q 0 0 0 rg BT 202.73 653.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 235.61 653.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 264.04 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.25 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.24 653.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 312.68 653.10 Td (put ) Tj ET Q q 0 0 0 rg BT 327.23 653.10 Td (features ) Tj ET Q q 0 0 0 rg BT 360.65 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.75 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.85 653.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 427.60 653.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 456.02 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 470.00 653.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 498.43 653.10 Td (using ) Tj ET Q q 0 0 0 rg BT 521.87 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.86 653.10 Td (Black-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 641.10 Td (Scholes ) Tj ET Q q 0 0 0 rg BT 119.04 641.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 148.96 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 160.83 641.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 196.04 641.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 232.34 641.10 Td (option ) Tj ET Q q 0 0 0 rg BT 260.33 641.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 299.97 641.10 Td (model ) Tj ET Q q 0 0 0 rg BT 327.39 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.82 641.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 367.79 641.10 Td (into ) Tj ET Q q 0 0 0 rg BT 385.78 641.10 Td (account ) Tj ET Q q 0 0 0 rg BT 419.30 641.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 446.18 641.10 Td (such ) Tj ET Q q 0 0 0 rg BT 466.94 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.70 641.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 524.55 641.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 550.85 641.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.34 629.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 146.28 629.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 198.07 629.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 231.30 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.42 629.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 266.25 629.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 300.52 629.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 327.02 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.30 629.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 398.08 629.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 430.13 629.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 454.13 629.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 492.86 629.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 522.69 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.74 629.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 617.10 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 134.32 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.65 617.10 Td (well ) Tj ET Q q 0 0 0 rg BT 165.86 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.19 617.10 Td (other ) Tj ET Q q 0 0 0 rg BT 200.73 617.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 235.92 617.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 277.79 617.10 Td (measures.Substantially ) Tj ET Q q 0 0 0 rg BT 377.71 617.10 Td (all ) Tj ET Q q 0 0 0 rg BT 390.70 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.03 617.10 Td (these ) Tj ET Q q 0 0 0 rg BT 425.57 617.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 478.01 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 493.21 617.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 539.52 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 617.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 605.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 135.91 605.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 181.36 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.13 605.10 Td (full ) Tj ET Q q 0 0 0 rg BT 210.57 605.10 Td (term ) Tj ET Q q 0 0 0 rg BT 230.46 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.34 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.12 605.10 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 300.95 605.10 Td (can ) Tj ET Q q 0 0 0 rg BT 316.38 605.10 Td (be ) Tj ET Q q 0 0 0 rg BT 327.38 605.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 358.92 605.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.91 605.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 424.78 605.10 Td (data ) Tj ET Q q 0 0 0 rg BT 443.00 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.88 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 466.65 605.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 507.64 605.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.20 605.10 Td (observable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 111.33 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 121.04 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 147.98 593.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 198.24 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.95 593.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 250.98 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.26 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.98 593.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.42 569.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 119.58 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.74 569.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 159.78 569.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 187.39 569.10 Td (include ) Tj ET Q q 0 0 0 rg BT 219.98 569.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.35 569.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 292.96 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 311.11 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.48 569.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 366.84 569.10 Td (less ) Tj ET Q q 0 0 0 rg BT 385.00 569.10 Td (observable.) Tj ET Q q 0 0 0 rg BT 435.63 569.10 Td (These ) Tj ET Q q 0 0 0 rg BT 462.67 569.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 490.27 569.10 Td (may ) Tj ET Q q 0 0 0 rg BT 510.65 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.24 569.10 Td (used ) Tj ET Q q 0 0 0 rg BT 544.73 569.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 557.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 126.50 557.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 170.28 557.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 231.84 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.52 557.10 Td (result ) Tj ET Q q 0 0 0 rg BT 274.42 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.88 557.10 Td (management) Tj ET Q q 0 0 0 rg BT 338.75 557.10 Td (s ) Tj ET Q q 0 0 0 rg BT 345.32 557.10 Td (best ) Tj ET Q q 0 0 0 rg BT 364.11 557.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 400.11 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.13 557.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.68 557.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 456.43 557.10 Td (As ) Tj ET Q q 0 0 0 rg BT 470.22 557.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.24 557.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.00 557.10 Td (2017) 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 85.50 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.23 545.10 Td (had ) Tj ET Q q 0 0 0 rg BT 117.74 545.10 Td (no ) Tj ET Q q 0 0 0 rg BT 130.81 545.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 156.64 545.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 164.71 545.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 204.42 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 221.37 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 246.09 545.10 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 308.86 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.93 545.10 Td (Previous ) Tj ET Q q 0 0 0 rg BT 350.00 545.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 399.73 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.58 545.10 Td (this ) Tj ET Q q 0 0 0 rg BT 428.10 545.10 Td (category ) Tj ET Q q 0 0 0 rg BT 465.59 545.10 Td (included ) Tj ET Q q 0 0 0 rg BT 503.09 545.10 Td (non-exchange-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 533.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 112.20 533.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 145.02 533.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 173.39 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.54 533.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 231.23 533.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 259.60 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.30 533.10 Td (were ) Tj ET Q q 0 0 0 rg BT 297.45 533.10 Td (based ) Tj ET Q q 0 0 0 rg BT 321.93 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.64 533.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 368.12 533.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 398.15 533.10 Td (other ) Tj ET Q q 0 0 0 rg BT 420.41 533.10 Td (than ) Tj ET Q q 0 0 0 rg BT 439.34 533.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 477.72 533.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 499.70 533.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 523.08 533.10 Td (Louisiana ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 521.10 Td (Sweet\). ) Tj ET Q q 0 0 0 rg BT 118.05 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.16 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 137.99 521.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 177.48 521.10 Td (models ) Tj ET Q q 0 0 0 rg BT 208.65 521.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 240.92 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.85 521.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 288.24 521.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 317.18 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.89 521.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 376.15 521.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 405.08 521.10 Td (were ) Tj ET Q q 0 0 0 rg BT 426.79 521.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 469.07 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.12 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.62 521.10 Td (methodologies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 509.10 Td (described ) Tj ET Q q 0 0 0 rg BT 126.21 509.10 Td (above; ) Tj ET Q q 0 0 0 rg BT 155.27 509.10 Td (however) Tj ET Q q 0 0 0 rg BT 189.30 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 194.20 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.81 509.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 241.76 509.10 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 286.38 509.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 318.77 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.94 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.56 509.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 383.17 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.90 509.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 419.06 509.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 426.46 509.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 475.53 509.10 Td (were ) Tj ET Q q 0 0 0 rg BT 497.35 509.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 540.85 509.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.44 497.10 Td (benchmark, ) Tj ET Q q 0 0 0 rg BT 141.86 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.80 497.10 Td (was ) Tj ET Q q 0 0 0 rg BT 186.85 497.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 232.67 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.61 497.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 284.32 497.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 340.13 497.10 Td (input.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 473.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 473.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.36 473.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 110.03 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.03 473.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 168.92 473.10 Td (from ) Tj ET Q q 0 0 0 rg BT 191.15 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.15 473.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 246.14 473.10 Td (model ) Tj ET Q q 0 0 0 rg BT 273.92 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.37 473.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 356.67 473.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 376.96 473.10 Td (using ) Tj ET Q q 0 0 0 rg BT 401.41 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.53 473.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 453.63 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.75 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.75 473.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 533.06 473.10 Td (s ) Tj ET Q q 0 0 0 rg BT 539.74 473.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 80.91 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.21 461.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 119.29 461.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 159.04 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.12 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.08 461.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 220.49 461.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 251.90 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.20 461.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 301.94 461.10 Td (positions.) Tj ET Q q 0 0 0 rg BT 345.38 461.10 Td (W) Tj ET Q q 0 0 0 rg BT 354.02 461.10 Td (e ) Tj ET Q q 0 0 0 rg BT 362.09 461.10 Td (use ) Tj ET Q q 0 0 0 rg BT 379.06 461.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 416.03 461.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 449.66 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.62 461.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 508.03 461.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.43 461.10 Td (data ) Tj ET Q q 0 0 0 rg BT 554.72 461.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 100.32 449.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 153.35 449.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 221.38 449.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 241.38 449.10 Td (including ) Tj ET Q q 0 0 0 rg BT 281.65 449.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 306.91 449.10 Td (default ) Tj ET Q q 0 0 0 rg BT 337.18 449.10 Td (swaps.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 425.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.98 425.10 Td (table ) Tj ET Q q 0 0 0 rg BT 148.94 425.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.46 425.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.43 425.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.95 425.10 Td (level ) Tj ET Q q 0 0 0 rg BT 222.91 425.10 Td (within ) Tj ET Q q 0 0 0 rg BT 250.99 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.73 425.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 282.13 425.10 Td (value ) Tj ET Q q 0 0 0 rg BT 306.31 425.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 346.59 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.45 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.95 425.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.81 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.77 425.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 482.51 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.03 425.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.98 425.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 73.38 413.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.75 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.91 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.41 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.35 413.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 172.49 413.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 194.99 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 205.82 413.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.65 413.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.24 413.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.24 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.74 413.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.68 413.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.68 413.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 331.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 331.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 331.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 331.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 331.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 331.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 301.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 301.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 301.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 301.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 301.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 301.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 271.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 271.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 271.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 271.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 271.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 271.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 241.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 241.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 241.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 241.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 241.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 241.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 211.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 211.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 211.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 211.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 211.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 211.60 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 289.5 389.6 m 354.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 389.6 m 358.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 389.6 m 423.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 389.6 m 427.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 389.6 m 492.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 389.6 m 496.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 389.6 m 561.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 331.6 m 285.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 331.6 m 354.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 331.6 m 423.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 331.6 m 492.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 331.6 m 561.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 331.6 m 285.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 331.6 m 354.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 331.6 m 423.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 331.6 m 492.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 331.6 m 561.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 286.6 m 354.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 272.6 m 354.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 270.6 m 354.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 286.6 m 423.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 272.6 m 423.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 270.6 m 423.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 286.6 m 492.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 272.6 m 492.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 270.6 m 492.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 286.6 m 561.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 272.6 m 561.5 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 270.6 m 561.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 211.60000000000002 m 354.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 211.60000000000002 m 423.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 211.60000000000002 m 492.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 211.60000000000002 m 561.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 211.60000000000002 m 354.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 197.60000000000002 m 354.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 195.60000000000002 m 354.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 211.60000000000002 m 423.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 197.60000000000002 m 423.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 195.60000000000002 m 423.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 211.60000000000002 m 492.5 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BT 346.30 161.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 406.24 161.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 460.65 161.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 506.16 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.13 161.10 Td (Operations.) Tj ET Q endstream endobj 183 0 obj <> endobj 184 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 (91) 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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449.50 642.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 642.42 Td (2016) 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 470.30 627.47 Td (\(526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 627.42 Td (\)) 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 530.15 627.42 Td (52,834) 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 473.65 612.42 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 612.47 Td (\(2,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 612.42 Td (\)) 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 478.65 597.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 597.47 Td (\(51,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 597.42 Td (\)) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 582.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 582.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 582.47 Td (\(526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 582.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 552.42 Td (The amount of total losses for the period included in earnings attributable to the change in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 542.42 Td (unrealized losses relating to assets or liabilities still held at the reporting date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 542.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 542.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 542.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 542.47 Td (\(526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 542.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 514.25 Td ( Fair) Tj ET Q q 0 0 0 rg BT 95.51 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.83 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 104.13 514.25 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 157.00 514.25 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.79 490.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 121.86 490.25 Td (value ) Tj ET Q q 0 0 0 rg BT 146.26 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.33 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 173.41 490.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 197.27 490.25 Td (under ) Tj ET Q q 0 0 0 rg BT 222.78 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 238.86 490.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 262.71 490.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 289.85 490.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 337.02 490.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 389.75 490.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.37 490.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 433.27 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.35 490.25 Td (they ) Tj ET Q q 0 0 0 rg BT 464.31 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 479.26 490.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.34 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.86 490.25 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 82.91 478.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 114.65 478.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 135.84 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 153.14 478.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 205.43 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.95 478.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 241.13 478.25 Td (available ) Tj ET Q q 0 0 0 rg BT 279.53 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.61 478.25 Td (us ) Tj ET Q q 0 0 0 rg BT 300.81 478.25 Td (for ) Tj ET Q q 0 0 0 rg BT 314.78 478.25 Td (those ) Tj ET Q q 0 0 0 rg BT 338.20 478.25 Td (periods.) Tj ET Q q 0 0 0 rg BT 374.95 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 383.59 478.25 Td (e ) Tj ET Q q 0 0 0 rg BT 390.34 478.25 Td (use ) Tj ET Q q 0 0 0 rg BT 405.97 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 412.72 478.25 Td (market ) Tj ET Q q 0 0 0 rg BT 442.79 478.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 481.74 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.83 478.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 534.12 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.64 478.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (value ) Tj ET Q q 0 0 0 rg BT 73.06 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.29 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 98.53 466.25 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 139.29 466.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 180.63 466.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 199.75 466.25 Td (using ) Tj ET Q q 0 0 0 rg BT 223.33 466.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 268.55 466.25 Td (market ) Tj ET Q q 0 0 0 rg BT 298.22 466.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 319.28 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 321.04 466.25 Td (The ) Tj ET Q q 0 0 0 rg BT 338.49 466.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.27 466.25 Td (values ) Tj ET Q q 0 0 0 rg BT 381.73 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.96 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.19 466.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 433.54 466.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 465.98 466.25 Td (second ) Tj ET Q q 0 0 0 rg BT 495.65 466.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 512.55 466.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 538.06 466.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (notes, ) Tj ET Q q 0 0 0 rg BT 75.97 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.27 454.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 120.57 454.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 175.09 454.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 199.06 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 214.12 454.25 Td (based ) Tj ET Q q 0 0 0 rg BT 239.75 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 252.62 454.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 282.69 454.25 Td (market ) Tj ET Q q 0 0 0 rg BT 313.32 454.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 342.56 454.25 Td (which ) Tj ET Q q 0 0 0 rg BT 369.86 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 384.92 454.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 431.10 454.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 456.73 454.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 464.59 454.25 Td (measurements ) Tj ET Q q 0 0 0 rg BT 524.65 454.25 Td (under ) Tj ET Q q 0 0 0 rg BT 550.28 454.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.99 442.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.25 442.25 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 127.35 442.25 Td (.) Tj ET Q q 0 0 0 rg BT 134.67 442.25 Td (The ) Tj ET Q q 0 0 0 rg BT 152.83 442.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 193.76 442.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.24 442.25 Td (value ) Tj ET Q q 0 0 0 rg BT 234.51 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.45 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.27 442.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 298.42 442.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 331.03 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.97 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 357.91 442.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 377.73 442.25 Td (as ) Tj ET Q q 0 0 0 rg BT 388.67 442.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.61 442.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 458.30 442.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 480.91 442.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.96 442.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.96 442.25 Td (, ) Tj ET Q q 0 0 0 rg BT 523.07 442.25 Td (excluding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 83.86 430.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 123.78 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.37 430.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 169.17 430.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 191.31 430.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 240.41 430.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.11 430.25 Td ($2,260.6 ) Tj ET Q q 0 0 0 rg BT 295.26 430.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.16 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.31 430.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.90 430.25 Td ($2,327.8 ) Tj ET Q q 0 0 0 rg BT 380.05 430.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.94 430.25 Td (, ) Tj ET Q q 0 0 0 rg BT 413.59 430.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 461.26 430.25 Td (.) Tj ET Q q 0 0 0 rg BT 468.58 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 477.21 430.25 Td (e ) Tj ET Q q 0 0 0 rg BT 483.80 430.25 Td (have ) Tj ET Q q 0 0 0 rg BT 504.83 430.25 Td (other ) Tj ET Q q 0 0 0 rg BT 527.53 430.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 98.38 418.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 141.15 418.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 180.57 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.11 418.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 213.59 418.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 233.57 418.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 283.83 418.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 327.69 418.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 374.88 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.53 418.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 428.72 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 445.93 418.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 498.12 418.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 514.21 418.25 Td (value ) Tj ET Q q 0 0 0 rg BT 538.08 418.25 Td (due ) Tj ET Q q 0 0 0 rg BT 554.73 418.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 406.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 91.70 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.53 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.25 406.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 162.52 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.46 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.18 406.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 234.44 406.25 Td (short ) Tj ET Q q 0 0 0 rg BT 256.94 406.25 Td (maturities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.44 382.25 Td (1. Commitments and Contingencies) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 334.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.09 334.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 105.58 334.25 Td (of) Tj ET Q q 0 0 0 rg BT 113.73 334.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 131.23 334.25 Td (space, ) Tj ET Q q 0 0 0 rg BT 158.45 334.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 203.17 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.12 334.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 255.40 334.25 Td (that ) Tj ET Q q 0 0 0 rg BT 272.90 334.25 Td (have ) Tj ET Q q 0 0 0 rg BT 294.29 334.25 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 357.32 334.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 379.82 334.25 Td (terms.Currently) Tj ET Q q 0 0 0 rg BT 447.21 334.25 Td (, ) Tj ET Q q 0 0 0 rg BT 452.22 334.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.06 334.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 517.24 334.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 543.63 334.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.85 322.25 Td (up ) Tj ET Q q 0 0 0 rg BT 87.98 322.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 322.25 Td (8 ) Tj ET Q q 0 0 0 rg BT 107.02 322.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.12 322.25 Td (.) Tj ET Q q 0 0 0 rg BT 135.44 322.25 Td (W) Tj ET Q q 0 0 0 rg BT 144.08 322.25 Td (e ) Tj ET Q q 0 0 0 rg BT 151.65 322.25 Td (have ) Tj ET Q q 0 0 0 rg BT 173.65 322.25 Td (subleased ) Tj ET Q q 0 0 0 rg BT 215.66 322.25 Td (part ) Tj ET Q q 0 0 0 rg BT 234.34 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.80 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.15 322.25 Td (of) Tj ET Q q 0 0 0 rg BT 269.30 322.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 287.42 322.25 Td (space ) Tj ET Q q 0 0 0 rg BT 312.75 322.25 Td (included ) Tj ET Q q 0 0 0 rg BT 350.32 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.23 322.25 Td (our ) Tj ET Q q 0 0 0 rg BT 377.69 322.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 418.59 322.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 445.59 322.25 Td (for ) Tj ET Q q 0 0 0 rg BT 460.39 322.25 Td (which ) Tj ET Q q 0 0 0 rg BT 487.96 322.25 Td (we ) Tj ET Q q 0 0 0 rg BT 502.75 322.25 Td (received ) Tj ET Q q 0 0 0 rg BT 539.74 322.25 Td (rental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 91.58 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.74 310.25 Td (The ) Tj ET Q q 0 0 0 rg BT 109.55 310.25 Td (following ) Tj ET Q q 0 0 0 rg BT 149.69 310.25 Td (table ) Tj ET Q q 0 0 0 rg BT 170.38 310.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 219.39 310.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 258.41 310.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 279.65 310.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 319.23 310.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 337.71 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.40 310.25 Td (sublease ) Tj ET Q q 0 0 0 rg BT 388.53 310.25 Td (rentals ) Tj ET Q q 0 0 0 rg BT 416.44 310.25 Td (received ) Tj ET Q q 0 0 0 rg BT 451.56 310.25 Td (during ) Tj ET Q q 0 0 0 rg BT 478.92 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.39 310.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 523.09 310.25 Td (indicated:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 269.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 269.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 269.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 269.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 269.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 269.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 269.75 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 359 284.75 m 424 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 284.75 m 428 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 284.75 m 493 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 284.75 m 497 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 284.75 m 562 284.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 269.75 m 355 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 269.75 m 424 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 269.75 m 493 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 269.75 m 562 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 269.75 m 424 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 269.75 m 493 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 269.75 m 562 269.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 289.42 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 289.42 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 274.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 274.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 274.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 274.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 259.42 Td (Operating lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 259.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 259.42 Td (25,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 259.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 259.42 Td (22,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 259.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 259.42 Td (29,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 244.42 Td (Sublease rental receipts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 244.42 Td (4,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 244.42 Td (3,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 244.42 Td (3,698) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 185 0 obj <> endobj 186 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 (92) 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 (2017) 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 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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 (2018) 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 (43,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 630.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 630.27 Td (40,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg 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0 0 0 rg BT 426.42 203.10 Td (After ) Tj ET Q q 0 0 0 rg BT 450.44 203.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 490.56 203.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 517.37 203.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 554.18 203.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 189.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.49 191.10 Td (from ) Tj ET Q q 0 0 0 rg BT 91.79 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.86 191.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 138.03 191.10 Td (during ) Tj ET Q q 0 0 0 rg BT 166.99 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.06 191.10 Td (first ) Tj ET Q q 0 0 0 rg BT 201.02 191.10 Td (half ) Tj ET Q q 0 0 0 rg BT 219.42 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.60 191.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 255.96 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.59 191.10 Td (June ) Tj ET Q q 0 0 0 rg BT 287.77 191.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 313.13 191.10 Td (MSPC ) Tj ET Q q 0 0 0 rg BT 342.66 191.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 388.83 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.90 191.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 448.96 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.25 191.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 507.43 191.10 Td (suspension ) Tj ET Q q 0 0 0 rg BT 554.17 191.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 79.38 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.48 179.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 140.80 179.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.56 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.56 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.44 179.10 Td (lignite ) Tj ET Q q 0 0 0 rg BT 233.65 179.10 Td (coal ) Tj ET Q q 0 0 0 rg BT 252.97 179.10 Td (gasification ) Tj ET Q q 0 0 0 rg BT 302.29 179.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 333.84 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.83 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.71 179.10 Td (Kemper ) Tj ET Q q 0 0 0 rg BT 394.58 179.10 Td (County ) Tj ET Q q 0 0 0 rg BT 426.69 179.10 Td (ener) Tj ET Q q 0 0 0 rg BT 443.72 179.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 456.38 179.10 Td (facility) Tj ET Q q 0 0 0 rg BT 484.05 179.10 Td (. ) Tj ET Q q 0 0 0 rg BT 489.22 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.29 179.10 Td (As ) Tj ET Q q 0 0 0 rg BT 505.07 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.17 179.10 Td (result ) Tj ET Q q 0 0 0 rg BT 537.05 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.05 179.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (suspension, ) Tj ET Q q 0 0 0 rg BT 98.39 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.11 167.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.50 167.10 Td (is ) Tj ET Q q 0 0 0 rg BT 163.67 167.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.94 167.10 Td (expecting ) Tj ET Q q 0 0 0 rg BT 220.32 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.59 167.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 261.96 167.10 Td (any ) Tj ET Q q 0 0 0 rg BT 278.89 167.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 292.79 165.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.04 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.54 167.10 Td (from ) Tj ET Q q 0 0 0 rg BT 320.47 167.10 Td (this ) Tj ET Q q 0 0 0 rg BT 337.42 167.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 368.24 167.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.40 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.12 167.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 445.14 167.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 143.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 143.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.56 143.10 Td (are ) Tj ET Q q 0 0 0 rg BT 96.76 143.10 Td (party ) Tj ET Q q 0 0 0 rg BT 119.29 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.06 143.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 170.48 143.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 208.56 143.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.54 143.10 Td (require ) Tj ET Q q 0 0 0 rg BT 255.84 143.10 Td (us ) Tj ET Q q 0 0 0 rg BT 266.72 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.49 143.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 306.24 143.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 320.13 141.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.38 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.37 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.13 143.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.45 143.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 390.21 143.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 404.10 141.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.35 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.34 143.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 451.88 143.10 Td (at ) Tj ET Q q 0 0 0 rg BT 461.08 143.10 Td (various ) Tj ET Q q 0 0 0 rg BT 492.50 143.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 536.13 143.10 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 68.71 131.10 Td (we ) Tj ET Q q 0 0 0 rg BT 82.91 131.10 Td (have ) Tj ET Q q 0 0 0 rg BT 104.32 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.30 131.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.19 129.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.44 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.98 131.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 166.28 131.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 209.38 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.69 131.10 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 253.89 131.10 Td (related ) Tj ET Q q 0 0 0 rg BT 283.63 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.95 131.10 Td (one ) Tj ET Q q 0 0 0 rg BT 310.93 131.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 324.82 129.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.07 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.61 131.10 Td (volumetric ) Tj ET Q q 0 0 0 rg BT 376.47 131.10 Td (production ) Tj ET Q q 0 0 0 rg BT 422.33 131.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 459.30 131.10 Td (\(VPP\). ) Tj ET Q q 0 0 0 rg BT 498.23 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.76 131.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 527.74 131.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.28 131.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 92.62 119.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 129.08 119.10 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 176.07 119.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.97 119.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 212.86 119.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.21 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.00 119.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 278.34 119.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 317.00 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.01 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.61 119.10 Td (VPP) Tj ET Q q 0 0 0 rg BT 365.85 119.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.92 119.10 Td (we ) Tj ET Q q 0 0 0 rg BT 385.15 119.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 421.04 119.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.60 119.10 Td (we ) Tj ET Q q 0 0 0 rg BT 452.83 119.10 Td (may ) Tj ET Q q 0 0 0 rg BT 472.62 119.10 Td (be ) Tj ET Q q 0 0 0 rg BT 484.63 119.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 524.41 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.76 119.10 Td (deliver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (up ) Tj ET Q q 0 0 0 rg BT 61.39 107.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.05 107.10 Td (633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.05 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.94 107.10 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 104.27 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.48 107.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 128.37 105.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.62 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.51 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.18 107.10 Td (these ) Tj ET Q q 0 0 0 rg BT 165.61 107.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 208.04 107.10 Td (over ) Tj ET Q q 0 0 0 rg BT 227.70 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.80 107.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.91 107.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 272.80 107.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.89 107.10 Td (. ) Tj ET Q q 0 0 0 rg BT 298.28 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.03 107.10 Td (The ) Tj ET Q q 0 0 0 rg BT 317.47 107.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 359.91 107.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 391.79 107.10 Td (required ) Tj ET Q q 0 0 0 rg BT 426.99 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.66 107.10 Td (any ) Tj ET Q q 0 0 0 rg BT 452.98 107.10 Td (given ) Tj ET Q q 0 0 0 rg BT 477.09 107.10 Td (year ) Tj ET Q q 0 0 0 rg BT 496.18 107.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.74 107.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.27 95.10 Td (MMcf/d, ) Tj ET Q q 0 0 0 rg BT 105.88 95.10 Td (which ) Tj ET Q q 0 0 0 rg BT 133.09 95.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.52 95.10 Td (judge ) Tj ET Q q 0 0 0 rg BT 172.51 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.06 95.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.27 95.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 221.93 95.10 Td (given ) Tj ET Q q 0 0 0 rg BT 246.92 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.91 95.10 Td (size ) Tj ET Q q 0 0 0 rg BT 280.23 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.33 95.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.43 95.10 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 341.86 95.10 Td (Dome ) Tj ET Q q 0 0 0 rg BT 369.08 95.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 399.62 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 413.51 93.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.76 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.53 95.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 455.06 95.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.05 95.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 523.91 95.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.91 95.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.18 95.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.32 83.10 Td (production ) Tj ET Q q 0 0 0 rg BT 126.14 83.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 174.18 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.12 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.95 83.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 246.65 83.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 272.47 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 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 297.20 81.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.44 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.94 83.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 328.21 83.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.37 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.20 83.10 Td (own ) Tj ET Q q 0 0 0 rg BT 377.93 83.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 409.30 83.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 445.68 83.10 Td (program.) 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 /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 103.48 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.74 581.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.66 581.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 195.15 581.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.63 581.25 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.63 581.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 234.21 581.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 264.02 581.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 292.73 581.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 326.98 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 351.79 581.25 Td (which ) Tj ET Q q 0 0 0 rg BT 378.27 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 391.97 581.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 420.66 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.48 581.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 459.19 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.45 581.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 503.27 581.25 Td (separated ) Tj ET Q q 0 0 0 rg BT 543.07 581.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 569.25 Td (full ) Tj ET Q q 0 0 0 rg BT 81.98 569.25 Td (well ) Tj ET Q q 0 0 0 rg BT 102.39 569.25 Td (stream ) Tj ET Q q 0 0 0 rg BT 132.23 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 145.42 569.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 186.37 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.89 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.29 569.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 229.81 569.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 275.77 569.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 307.28 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.25 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.87 569.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 371.82 569.25 Td (purchaser) Tj ET Q q 0 0 0 rg BT 410.29 569.25 Td (, ) Tj ET Q q 0 0 0 rg BT 415.28 569.25 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 453.47 569.25 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 489.15 569.25 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 516.00 569.25 Td (The ) Tj ET Q q 0 0 0 rg BT 534.73 569.25 Td (helium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 78.92 557.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 113.88 557.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 151.07 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 165.48 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.45 557.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 215.97 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.05 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 234.24 557.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 275.89 557.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 320.28 557.25 Td (quantity ) Tj ET Q q 0 0 0 rg BT 355.81 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.89 557.25 Td (helium, ) Tj ET Q q 0 0 0 rg BT 399.92 557.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 431.00 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.53 557.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 488.16 557.25 Td (after ) Tj ET Q q 0 0 0 rg BT 509.23 557.25 Td (startup ) Tj ET Q q 0 0 0 rg BT 539.20 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 557.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 72.75 545.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 98.22 545.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 113.14 545.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 157.49 545.25 Td (facility) Tj ET Q q 0 0 0 rg BT 185.17 545.25 Td (, ) Tj ET Q q 0 0 0 rg BT 189.25 545.25 Td (with ) Tj ET Q q 0 0 0 rg BT 208.62 545.25 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 250.19 545.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 286.76 545.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 319.44 545.25 Td (if ) Tj ET Q q 0 0 0 rg BT 327.14 545.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 364.82 545.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 405.28 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.20 545.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 444.56 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 458.35 545.25 Td (not ) Tj ET Q q 0 0 0 rg BT 472.72 545.25 Td (supplied ) Tj ET Q q 0 0 0 rg BT 508.19 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.55 545.25 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.55 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.04 533.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 108.52 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.12 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.61 533.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 170.58 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 172.69 533.25 Td (The ) Tj ET Q q 0 0 0 rg BT 190.51 533.25 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 232.77 533.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 270.02 533.25 Td (are ) Tj ET Q q 0 0 0 rg BT 284.50 533.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 322.87 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.92 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.40 533.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 381.88 533.25 Td (at ) Tj ET Q q 0 0 0 rg BT 391.36 533.25 Td (up ) Tj ET Q q 0 0 0 rg BT 403.63 533.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.68 533.25 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 433.45 533.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.34 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 464.61 533.25 Td (per ) Tj ET Q q 0 0 0 rg BT 479.65 533.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 514.13 533.25 Td (year ) Tj ET Q q 0 0 0 rg BT 533.60 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.31 533.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (capped ) Tj ET Q q 0 0 0 rg BT 79.41 521.25 Td (at ) Tj ET Q q 0 0 0 rg BT 88.21 521.25 Td (an ) Tj ET Q q 0 0 0 rg BT 99.24 521.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 139.70 521.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.62 521.25 Td ($46.0 ) Tj ET Q q 0 0 0 rg BT 173.71 521.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.60 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.19 521.25 Td (over ) Tj ET Q q 0 0 0 rg BT 223.55 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.36 521.25 Td (term ) Tj ET Q q 0 0 0 rg BT 257.27 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.19 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.00 521.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 317.29 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.53 521.25 Td (As ) Tj ET Q q 0 0 0 rg BT 331.24 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.05 521.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 359.97 521.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 404.33 521.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 434.24 521.25 Td (has ) Tj ET Q q 0 0 0 rg BT 449.16 521.25 Td (been ) Tj ET Q q 0 0 0 rg BT 469.63 521.25 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 499.00 521.25 Td (since ) Tj ET Q q 0 0 0 rg BT 521.13 521.25 Td (mid-2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.52 509.25 Td (have ) Tj ET Q q 0 0 0 rg BT 84.75 509.25 Td (not ) Tj ET Q q 0 0 0 rg BT 99.88 509.25 Td (been ) Tj ET Q q 0 0 0 rg BT 121.12 509.25 Td (able ) Tj ET Q q 0 0 0 rg BT 140.13 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.26 509.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 179.29 509.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 209.42 509.25 Td (under ) Tj ET Q q 0 0 0 rg BT 234.54 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.11 509.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 279.24 509.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 308.27 509.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 347.31 509.25 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 384.67 509.25 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 419.52 509.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 440.76 509.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 461.44 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 468.24 509.25 Td (case ) Tj ET Q q 0 0 0 rg BT 487.80 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.94 509.25 Td (November ) Tj ET Q q 0 0 0 rg BT 542.50 509.25 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.44 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.82 497.25 Td (Ninth ) Tj ET Q q 0 0 0 rg BT 98.76 497.25 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 132.02 497.25 Td (District ) Tj ET Q q 0 0 0 rg BT 164.18 497.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 189.11 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.60 497.25 Td (Sublette ) Tj ET Q q 0 0 0 rg BT 234.54 497.25 Td (County) Tj ET Q q 0 0 0 rg BT 263.34 497.25 Td (, ) Tj ET Q q 0 0 0 rg BT 267.84 497.25 Td (W) Tj ET Q q 0 0 0 rg BT 276.68 497.25 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 311.90 497.25 Td (claiming ) Tj ET Q q 0 0 0 rg BT 349.05 497.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 384.54 497.25 Td (years ) Tj ET Q q 0 0 0 rg BT 407.80 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.29 497.25 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 460.44 497.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 497.59 497.25 Td (for ) Tj ET Q q 0 0 0 rg BT 511.41 497.25 Td (non-delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.96 485.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 97.98 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.44 485.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 140.34 485.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 179.56 485.25 Td (under ) Tj ET Q q 0 0 0 rg BT 205.46 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.81 485.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 251.71 485.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 281.51 485.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 319.34 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 322.47 485.25 Td (In ) Tj ET Q q 0 0 0 rg BT 333.93 485.25 Td (response, ) Tj ET Q q 0 0 0 rg BT 374.55 485.25 Td (we ) Tj ET Q q 0 0 0 rg BT 389.34 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 404.68 485.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 432.81 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.15 485.25 Td (position ) Tj ET Q q 0 0 0 rg BT 483.51 485.25 Td (that ) Tj ET Q q 0 0 0 rg BT 501.63 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.09 485.25 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 97.54 473.25 Td (are ) Tj ET Q q 0 0 0 rg BT 113.35 473.25 Td (excused ) Tj ET Q q 0 0 0 rg BT 149.16 473.25 Td (by ) Tj ET Q q 0 0 0 rg BT 162.76 473.25 Td (virtue ) Tj ET Q q 0 0 0 rg BT 189.69 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.62 473.25 Td (events ) Tj ET Q q 0 0 0 rg BT 230.77 473.25 Td (that ) Tj ET Q q 0 0 0 rg BT 249.36 473.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 266.29 473.25 Td (within ) Tj ET Q q 0 0 0 rg BT 295.45 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.27 473.25 Td (force ) Tj ET Q q 0 0 0 rg BT 335.40 473.25 Td (majeure ) Tj ET Q q 0 0 0 rg BT 371.21 473.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 416.48 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 427.86 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.67 473.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 475.05 473.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 505.32 473.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 543.62 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 473.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (evidentiary ) Tj ET Q q 0 0 0 rg BT 96.94 461.25 Td (phase ) Tj ET Q q 0 0 0 rg BT 122.17 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.95 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.63 461.25 Td (trial ) Tj ET Q q 0 0 0 rg BT 166.19 461.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 194.20 461.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.66 461.25 Td (November ) Tj ET Q q 0 0 0 rg BT 251.32 461.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 266.28 461.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 291.24 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.52 461.25 Td (The ) Tj ET Q q 0 0 0 rg BT 311.52 461.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 340.64 461.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 382.54 461.25 Td (written ) Tj ET Q q 0 0 0 rg BT 413.32 461.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 444.67 461.25 Td (briefs ) Tj ET Q q 0 0 0 rg BT 469.90 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.13 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.81 461.25 Td (District ) Tj ET Q q 0 0 0 rg BT 527.26 461.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 552.50 461.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (February ) Tj ET Q q 0 0 0 rg BT 89.38 449.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 105.66 449.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 129.44 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.65 449.25 Td (have ) Tj ET Q q 0 0 0 rg BT 170.31 449.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 200.74 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.29 449.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 243.30 449.25 Td (written ) Tj ET Q q 0 0 0 rg BT 275.40 449.25 Td (rebuttals ) Tj ET Q q 0 0 0 rg BT 313.62 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.17 449.25 Td (such ) Tj ET Q q 0 0 0 rg BT 347.28 449.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 379.95 449.25 Td (briefs ) Tj ET Q q 0 0 0 rg BT 406.50 449.25 Td (by ) Tj ET Q q 0 0 0 rg BT 420.28 449.25 Td (March ) Tj ET Q q 0 0 0 rg BT 450.15 449.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 466.43 449.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 492.71 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.49 449.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 541.39 449.25 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (submissions, ) Tj ET Q q 0 0 0 rg BT 103.48 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.27 437.25 Td (case ) Tj ET Q q 0 0 0 rg BT 138.06 437.25 Td (will ) Tj ET Q q 0 0 0 rg BT 156.19 437.25 Td (be ) Tj ET Q q 0 0 0 rg BT 168.21 437.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 189.67 437.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 231.69 437.25 Td (for ) Tj ET Q q 0 0 0 rg BT 245.93 437.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 304.04 437.25 Td (by ) Tj ET Q q 0 0 0 rg BT 316.62 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.41 437.25 Td (District ) Tj ET Q q 0 0 0 rg BT 363.99 437.25 Td (Court. ) Tj ET Q q 0 0 0 rg BT 391.65 437.25 Td (W) Tj ET Q q 0 0 0 rg BT 400.29 437.25 Td (e ) Tj ET Q q 0 0 0 rg BT 407.31 437.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 445.98 437.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 474.65 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 481.67 437.25 Td (ruling ) Tj ET Q q 0 0 0 rg BT 508.13 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.48 437.25 Td (be ) Tj ET Q q 0 0 0 rg BT 530.50 437.25 Td (made ) Tj ET Q q 0 0 0 rg BT 554.73 437.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.91 425.25 Td (second ) Tj ET Q q 0 0 0 rg BT 93.88 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 104.40 425.25 Td (third ) Tj ET Q q 0 0 0 rg BT 125.48 425.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 155.99 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.52 425.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 191.05 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 208.79 425.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.88 425.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 273.18 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.15 425.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 319.78 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.75 425.25 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 374.73 425.25 Td (defend ) Tj ET Q q 0 0 0 rg BT 404.13 425.25 Td (its ) Tj ET Q q 0 0 0 rg BT 415.77 425.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 452.69 425.25 Td (but ) Tj ET Q q 0 0 0 rg BT 467.67 425.25 Td (we ) Tj ET Q q 0 0 0 rg BT 481.52 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 495.92 425.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 524.77 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.75 425.25 Td (predict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 413.25 Td (this ) Tj ET Q q 0 0 0 rg BT 76.17 413.25 Td (time ) Tj ET Q q 0 0 0 rg BT 96.44 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.16 413.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 148.09 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.92 413.25 Td (this ) Tj ET Q q 0 0 0 rg BT 175.87 413.25 Td (dispute.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 389.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.37 389.25 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 365.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 365.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.36 365.25 Td (are ) Tj ET Q q 0 0 0 rg BT 98.35 365.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 129.46 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.03 365.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 166.70 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.14 365.25 Td (various ) Tj ET Q q 0 0 0 rg BT 213.36 365.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 236.70 365.25 Td (\(income, ) Tj ET Q q 0 0 0 rg BT 274.74 365.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 296.97 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.19 365.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 332.81 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.03 365.25 Td (severance\) ) Tj ET Q q 0 0 0 rg BT 395.56 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.12 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.12 365.25 Td (various ) Tj ET Q q 0 0 0 rg BT 453.35 365.25 Td (states ) Tj ET Q q 0 0 0 rg BT 478.35 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.91 365.25 Td (which ) Tj ET Q q 0 0 0 rg BT 516.13 365.25 Td (we ) Tj ET Q q 0 0 0 rg BT 530.58 365.25 Td (operate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 353.25 Td (from ) Tj ET Q q 0 0 0 rg BT 88.94 353.25 Td (time ) Tj ET Q q 0 0 0 rg BT 109.50 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.06 353.25 Td (time ) Tj ET Q q 0 0 0 rg BT 140.61 353.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 172.26 353.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 223.37 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 237.81 353.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 275.58 353.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 298.91 353.25 Td (that ) Tj ET Q q 0 0 0 rg BT 316.69 353.25 Td (we ) Tj ET Q q 0 0 0 rg BT 331.13 353.25 Td (may ) Tj ET Q q 0 0 0 rg BT 351.13 353.25 Td (owe. ) Tj ET Q q 0 0 0 rg BT 375.58 353.25 Td (In ) Tj ET Q q 0 0 0 rg BT 386.69 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.69 353.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 423.08 353.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 466.96 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.07 353.25 Td (these ) Tj ET Q q 0 0 0 rg BT 501.40 353.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 533.62 353.25 Td (has ) Tj ET Q q 0 0 0 rg BT 549.73 353.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (had ) Tj ET Q q 0 0 0 rg BT 66.44 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 73.38 341.25 Td (material ) Tj ET Q q 0 0 0 rg BT 108.64 341.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 141.67 341.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.15 341.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 208.87 341.25 Td (on ) Tj ET Q q 0 0 0 rg BT 221.37 341.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 235.26 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 341.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.79 341.25 Td (we ) Tj ET Q q 0 0 0 rg BT 304.95 341.25 Td (have ) Tj ET Q q 0 0 0 rg BT 326.33 341.25 Td (no ) Tj ET Q q 0 0 0 rg BT 338.83 341.25 Td (material ) Tj ET Q q 0 0 0 rg BT 374.08 341.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 424.92 341.25 Td (for ) Tj ET Q q 0 0 0 rg BT 439.08 341.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 476.57 341.25 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 317.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.02 317.25 Td (are ) Tj ET Q q 0 0 0 rg BT 95.67 317.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 125.44 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.66 317.25 Td (various ) Tj ET Q q 0 0 0 rg BT 165.54 317.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 199.76 317.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 256.18 317.25 Td (that ) Tj ET Q q 0 0 0 rg BT 272.62 317.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 292.94 317.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 331.60 317.25 Td (from ) Tj ET Q q 0 0 0 rg BT 352.48 317.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 407.79 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.56 317.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 446.76 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.64 317.25 Td (state ) Tj ET Q q 0 0 0 rg BT 482.41 317.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 502.18 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.06 317.25 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 305.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 87.85 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.06 305.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.61 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.04 305.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 164.80 305.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 181.13 305.25 Td (industry) Tj ET Q q 0 0 0 rg BT 213.25 305.25 Td (.Such ) Tj ET Q q 0 0 0 rg BT 243.75 305.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 301.72 305.25 Td (include ) Tj ET Q q 0 0 0 rg BT 334.15 305.25 Td (dif) Tj ET Q q 0 0 0 rg BT 345.08 305.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 371.95 305.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 432.70 305.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.03 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.80 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.01 305.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 496.89 305.25 Td (at ) Tj ET Q q 0 0 0 rg BT 507.10 305.25 Td (which ) Tj ET Q q 0 0 0 rg BT 534.53 305.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 305.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.06 293.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.19 293.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 118.43 293.25 Td (may ) Tj ET Q q 0 0 0 rg BT 138.44 293.25 Td (be ) Tj ET Q q 0 0 0 rg BT 150.68 293.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 177.63 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.64 293.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 219.32 293.25 Td (at ) Tj ET Q q 0 0 0 rg BT 229.33 293.25 Td (which ) Tj ET Q q 0 0 0 rg BT 256.57 293.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 287.69 293.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 319.37 293.25 Td (may ) Tj ET Q q 0 0 0 rg BT 339.39 293.25 Td (be ) Tj ET Q q 0 0 0 rg BT 351.62 293.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 371.64 293.25 Td (for ) Tj ET Q q 0 0 0 rg BT 386.10 293.25 Td (production ) Tj ET Q q 0 0 0 rg BT 432.22 293.25 Td (from ) Tj ET Q q 0 0 0 rg BT 454.46 293.25 Td (their ) Tj ET Q q 0 0 0 rg BT 475.58 293.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 504.75 293.25 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.31 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.66 281.25 Td (other ) Tj ET Q q 0 0 0 rg BT 114.13 281.25 Td (matters.) Tj ET Q q 0 0 0 rg BT 150.51 281.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 190.20 281.25 Td (we ) Tj ET Q q 0 0 0 rg BT 203.78 281.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 234.57 281.25 Td (that ) Tj ET Q q 0 0 0 rg BT 251.48 281.25 Td (we ) Tj ET Q q 0 0 0 rg BT 265.06 281.25 Td (have ) Tj ET Q q 0 0 0 rg BT 285.85 281.25 Td (complied ) Tj ET Q q 0 0 0 rg BT 324.98 281.25 Td (with ) Tj ET Q q 0 0 0 rg BT 344.67 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.81 281.25 Td (various ) Tj ET Q q 0 0 0 rg BT 390.16 281.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 410.41 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.76 281.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 475.61 281.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 534.74 281.25 Td (rulings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.54 269.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 124.90 269.25 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 157.31 269.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 206.68 269.25 Td (could ) Tj ET Q q 0 0 0 rg BT 230.50 269.25 Td (be ) Tj ET Q q 0 0 0 rg BT 241.54 269.25 Td (required ) Tj ET Q q 0 0 0 rg BT 276.45 269.25 Td (as ) Tj ET Q q 0 0 0 rg BT 286.38 269.25 Td (new ) Tj ET Q q 0 0 0 rg BT 304.64 269.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 364.00 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.03 269.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 426.07 269.25 Td (are ) Tj ET Q q 0 0 0 rg BT 439.87 269.25 Td (issued.In ) Tj ET Q q 0 0 0 rg BT 482.30 269.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 519.18 269.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.38 257.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 116.42 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.36 257.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 193.62 257.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 225.55 257.25 Td (are ) Tj ET Q q 0 0 0 rg BT 240.26 257.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.08 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.36 257.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 324.40 257.25 Td (by ) Tj ET Q q 0 0 0 rg BT 336.90 257.25 Td (various ) Tj ET Q q 0 0 0 rg BT 368.84 257.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 399.09 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.03 257.25 Td (state ) Tj ET Q q 0 0 0 rg BT 436.86 257.25 Td (agencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.25 Td ( ) 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 (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 49.50 689.25 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 110.90 689.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 135.08 689.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 158.68 689.25 Td (Information) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 652.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 652.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 652.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 652.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 652.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 652.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 652.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 622.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 622.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 622.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 622.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 622.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 622.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 622.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 592.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 592.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 592.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 592.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 592.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 592.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 592.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 562.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 562.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 562.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 562.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 562.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 562.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 562.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 532.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 532.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 532.75 65.00 -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 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 665.75 m 424 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 665.75 m 428 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 665.75 m 493 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 665.75 m 497 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 665.75 m 562 665.75 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 355 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 652.75 m 424 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 652.75 m 493 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 652.75 m 562 652.75 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 669.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 669.32 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 669.32 Td (ear Ended 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 381.00 656.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 656.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 656.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 642.42 Td (Supplemental cash flow information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 642.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 642.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 642.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 627.42 Td (Cash paid for interest, expensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 627.42 Td (98,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 627.42 Td (130,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 627.42 Td (146,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 612.42 Td (Cash paid for interest, capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 612.42 Td (30,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 612.42 Td (25,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 612.42 Td (32,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 597.42 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 392.65 597.42 Td (50,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 597.42 Td (25,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 597.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 582.42 Td (Cash paid for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 582.42 Td (450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 582.42 Td (375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 582.42 Td (6,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 567.42 Td (Cash received from income tax refunds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 567.47 Td (\(13,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 567.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 567.47 Td (\(2,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 567.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 567.47 Td (\(50,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 567.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 552.42 Td (Noncash investing and financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 537.42 Td (Increase in asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 537.42 Td (9,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 537.42 Td (1) Tj ET Q q 0 0 0 rg BT 466.65 537.42 Td (1,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 537.42 Td (14,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 522.42 Td (Increase \(decrease\) in liabilities for capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 522.42 Td (3,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 522.47 Td (\(13,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 522.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 522.47 Td (\(97,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 522.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 507.42 Td (Retirement of treasury stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 507.42 Td (46,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 507.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 507.42 Td (884,129) 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 225.40 736.60 Td (Unaudited Supplementary Information) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 117.10 701.10 Td (AL) Tj ET Q q 0 0 0 rg BT 130.44 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.94 701.10 Td (OIL) Tj ET Q q 0 0 0 rg BT 150.73 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.67 701.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 176.84 701.10 Td (NA) Tj ET Q q 0 0 0 rg BT 190.54 701.10 Td (TURAL) Tj ET Q q 0 0 0 rg BT 224.99 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.49 701.10 Td (GAS ) Tj 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153.99 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.14 605.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 199.40 605.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 249.32 605.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 276.74 605.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 322.21 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.47 605.10 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 392.05 605.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 418.37 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.63 605.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 473.77 605.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 497.58 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.40 605.10 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (properties.Development ) Tj ET Q q 0 0 0 rg BT 153.22 593.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 175.59 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.17 593.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 225.85 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.99 593.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 263.36 593.10 Td (access ) Tj ET 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Q q 0 0 0 rg BT 330.58 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.47 581.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 358.70 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.81 581.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 406.24 581.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 424.75 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.86 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.75 581.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 475.53 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.53 581.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 527.53 581.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.59 545.10 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 124.90 545.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 157.34 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 170.35 545.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 221.67 545.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 235.24 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.69 545.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 283.46 545.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 299.80 545.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 342.79 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 360.80 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 382.68 545.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 418.47 545.10 Td (development ) Tj ET Q q 0 0 0 rg BT 473.13 545.10 Td (activities.Included ) Tj ET Q q 0 0 0 rg BT 554.72 545.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.18 533.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 108.18 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.64 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.54 533.10 Td (table ) Tj ET Q q 0 0 0 rg BT 155.66 533.10 Td (below ) Tj ET Q q 0 0 0 rg BT 182.78 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.13 533.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 238.12 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 270.24 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.25 533.10 Td ($30.8 ) Tj ET Q q 0 0 0 rg BT 306.44 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.33 533.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.51 533.10 Td ($25.2 ) Tj ET Q q 0 0 0 rg BT 365.69 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.59 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.27 533.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.39 533.10 Td ($28.3 ) Tj ET Q q 0 0 0 rg BT 439.57 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.46 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.15 533.10 Td (during ) Tj ET Q q 0 0 0 rg BT 499.94 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.84 533.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.62 533.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.71 521.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.33 521.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.33 521.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.95 521.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.95 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.07 521.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.64 521.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.64 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.26 521.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 248.92 521.10 Td (.Costs ) Tj ET Q q 0 0 0 rg BT 281.77 521.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 318.21 521.10 Td (also ) Tj ET Q q 0 0 0 rg BT 337.44 521.10 Td (include ) Tj ET Q q 0 0 0 rg BT 370.00 521.10 Td (new ) Tj ET Q q 0 0 0 rg BT 389.78 521.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 412.34 521.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 456.55 521.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 504.12 521.10 Td (established, ) Tj ET Q q 0 0 0 rg BT 554.18 521.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (well ) Tj ET Q q 0 0 0 rg BT 69.08 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 79.78 509.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 114.35 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.50 509.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 146.30 509.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 189.75 509.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 236.56 509.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 273.92 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 295.73 509.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 334.20 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.35 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 362.82 509.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 402.40 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.09 509.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 469.33 509.10 Td (dates.) Tj ET Q q 0 0 0 rg BT 496.83 509.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 521.41 509.10 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.99 497.10 Td (included ) Tj ET Q q 0 0 0 rg BT 134.47 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.29 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.55 497.10 Td (table ) Tj ET Q q 0 0 0 rg BT 183.03 497.10 Td (below ) Tj ET Q q 0 0 0 rg BT 210.51 497.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.98 497.10 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 253.53 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.42 497.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.96 497.10 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 308.51 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.40 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.44 497.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.93 497.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 378.47 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.36 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.41 497.10 Td (during ) Tj ET Q q 0 0 0 rg BT 439.56 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.82 497.10 Td (years ) Tj ET Q q 0 0 0 rg BT 478.97 497.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.89 497.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.02 497.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 485.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 485.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.00 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.94 485.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.94 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.94 485.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 186.60 485.10 Td (.See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.04 485.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 232.98 485.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.98 485.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 242.98 485.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 266.58 485.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 286.21 485.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 312.59 485.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.81 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 364.81 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.97 485.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 421.46 485.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 461.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 92.23 461.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 128.05 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.33 461.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 151.38 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.32 461.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 198.58 461.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 214.41 461.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 253.01 461.10 Td (were ) Tj ET Q q 0 0 0 rg BT 274.94 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 285.77 461.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 424.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 424.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 424.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 424.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 424.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 424.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 424.60 65.00 -15.00 re f /GS0 gs 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 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 437.6 m 423.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 437.6 m 427.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 437.6 m 492.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 437.6 m 496.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 437.6 m 561.5 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 424.6 m 354.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 424.6 m 423.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 424.6 m 492.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 424.6 m 561.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 349.6 m 423.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 349.6 m 492.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 349.6 m 561.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 335.6 m 423.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 333.6 m 423.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 335.6 m 492.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 333.6 m 492.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 335.6 m 561.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 333.6 m 561.5 333.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 441.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 441.17 Td (Y) Tj ET Q q 0 0 0 rg BT 413.67 441.17 Td (ear Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 428.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 428.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 428.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 428.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 414.27 Td (Property acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 414.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 414.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 414.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 399.27 Td (Proved) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 399.27 Td (75,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 399.27 Td (4,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 399.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 399.27 Td (28,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 384.27 Td (Unevaluated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 384.27 Td (15,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 384.27 Td (8,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 384.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 369.27 Td (Exploration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 369.27 Td (297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 369.27 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 369.27 Td (720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 354.27 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 354.27 Td (274,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 354.27 Td (251,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 354.27 Td (407,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 339.27 Td (T) Tj ET Q q 0 0 0 rg BT 69.41 339.27 Td (otal costs incurred ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 145.22 343.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 339.27 Td (365,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 339.27 Td (265,41) Tj ET Q q 0 0 0 rg BT 483.65 339.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 339.27 Td (435,965) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 311.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 115.16 311.10 Td (general ) Tj ET Q q 0 0 0 rg BT 146.70 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.26 311.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 222.59 311.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 244.71 311.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.83 311.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 294.49 311.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 318.82 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.72 311.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 376.38 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.94 311.10 Td (development ) Tj ET Q q 0 0 0 rg BT 446.71 311.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 484.93 311.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.48 311.10 Td ($41.1 ) Tj ET Q q 0 0 0 rg BT 531.11 311.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 311.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 299.10 Td ($48.4 ) Tj ET Q q 0 0 0 rg BT 92.50 299.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.39 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.89 299.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.83 299.10 Td ($62.3 ) Tj ET Q q 0 0 0 rg BT 165.83 299.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.72 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.22 299.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.38 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.10 299.10 Td (years ) Tj ET Q q 0 0 0 rg BT 249.70 299.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.07 299.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 334.66 299.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.66 299.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.66 299.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.66 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.16 299.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.10 299.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 424.10 299.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 471.76 299.10 Td (.) 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 225.40 736.60 Td (Unaudited Supplementary Information) 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 (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 713.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 119.79 713.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 138.96 713.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 185.34 713.25 Td (Results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 99.47 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.33 689.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 154.51 689.25 Td (from ) Tj ET Q q 0 0 0 rg BT 176.48 689.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 189.56 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.52 689.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 236.81 689.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 252.67 689.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 295.74 689.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 336.87 689.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 378.82 689.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 419.10 689.25 Td (overhead ) Tj ET Q q 0 0 0 rg BT 458.28 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.24 689.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 507.20 689.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 532.23 689.25 Td (were ) Tj ET Q q 0 0 0 rg BT 554.18 689.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 640.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 610.75 305.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 610.75 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 610.75 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 610.75 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 610.75 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 610.75 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 610.75 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 570.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 570.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 570.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 570.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 570.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 540.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 540.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 540.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 540.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 510.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 510.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 510.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 510.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 480.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 480.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 480.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 480.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 450.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 450.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 450.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 450.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 450.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 450.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 450.75 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 359 653.75 m 424 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 653.75 m 428 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 653.75 m 493 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 653.75 m 497 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 653.75 m 562 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 640.75 m 355 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 640.75 m 424 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 640.75 m 493 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 640.75 m 562 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 640.75 m 424 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 640.75 m 493 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 640.75 m 562 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 510.75 m 424 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 510.75 m 493 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 510.75 m 562 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 480.75 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 (Y) Tj ET Q q 0 0 0 rg BT 414.17 657.32 Td (ear 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 (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 644.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 644.32 Td (2015) 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 380.15 630.42 Td (1,089,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 630.42 Td (935,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 630.42 Td (1,213,026) 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 (447,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 615.42 Td (414,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 615.42 Td (515,043) 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 (39,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 590.42 Td (45,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 590.42 Td (48,319) 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 (79,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 575.42 Td (68,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 575.42 Td (95,687) 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 (134,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 560.42 Td (169,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 560.42 Td (436,167) 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 (49,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 545.42 Td (50,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 545.42 Td (55,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 530.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.74 530.42 Td (rite-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 530.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 530.42 Td (810,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 530.42 Td (4,939,600) 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 392.65 515.42 Td (77,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 515.42 Td (127,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 515.47 Td (\(147,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 515.42 Td (\)) 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 387.65 500.42 Td (261,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 500.47 Td (\(752,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 500.47 Td (\(4,729,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 500.42 Td (\)) 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 392.65 485.42 Td (99,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 485.47 Td (\(285,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 485.47 Td (\(1,797,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 485.42 Td (\)) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 470.42 Td (162,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 470.47 Td (\(466,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 470.42 Td (\)) 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 514.80 470.47 Td (\(2,932,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 470.42 Td (\)) 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 440.42 Td (8.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 440.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 440.42 Td (9.40) 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 (18.50) 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 (2017) 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 (2017) 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 (2016) 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 (2015) 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 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 225.40 736.60 Td (Unaudited Supplementary Information) 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 (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 /GS0 gs 193.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 197.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 239.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 243.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 331.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 335.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 377.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 381.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 469.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 515.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 605.75 98.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 147.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 151.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 193.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 197.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 239.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 243.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 331.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 335.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 377.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 381.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 469.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 515.50 605.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.50 605.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 559.75 98.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 147.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 151.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 193.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 197.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 239.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 243.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 331.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 335.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 377.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 381.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /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 (Y) Tj ET Q q 0 0 0 rg BT 314.75 693.21 Td (ear 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 (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.00 679.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 679.21 Td (2015) 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 (T) Tj ET Q q 0 0 0 rg BT 259.98 665.21 Td (otal) 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 (T) Tj ET Q q 0 0 0 rg BT 397.98 665.21 Td (otal) 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 (T) Tj ET Q q 0 0 0 rg BT 535.67 665.21 Td (otal) 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 (247,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 633.21 Td (44,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 633.21 Td (254,489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 633.21 Td (282,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 633.21 Td (38,305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 633.21 Td (288,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 633.21 Td (362,335) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 633.21 Td (452,402) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 633.21 Td (437,735) 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 165.25 610.21 Td (14,352) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.75 610.21 Td (2,541) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 610.21 Td (14,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.75 610.21 Td (\(9,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 610.21 Td (16,289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.75 610.21 Td (\(6,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 610.21 Td (\(56,582) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 610.21 Td (\(406,124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 610.21 Td (\(124,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 610.21 Td (\)) 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 169.75 587.21 Td (1,936) 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 261.75 587.21 Td (1,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 587.21 Td () 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 411.00 587.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 587.21 Td (357) 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 544.50 587.21 Td (357) 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 (\(21,320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.75 564.21 Td (\(4,135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.25 564.21 Td (\(22,009) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 564.21 Td (\(22,487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 564.21 Td (\(5,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 564.21 Td (\(23,425) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 564.21 Td (\(25,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 564.21 Td (\(8,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 564.21 Td (\(26,594) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 564.21 Td (\)) 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 165.25 541.21 Td (10,554) 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 257.25 541.21 Td (10,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 541.21 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 541.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 541.21 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.75 541.21 Td (1,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 541.21 Td (120) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 541.21 Td (1,405) 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 181.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.75 518.21 Td (\(3,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 518.21 Td (\(4,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.75 518.21 Td (\(4,169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 518.21 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 (252,625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 504.21 Td (42,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 504.21 Td (259,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 504.21 Td (247,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 504.21 Td (44,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 504.21 Td (254,489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 504.21 Td (282,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.25 504.21 Td (38,305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 504.21 Td (288,634) 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 (222,531) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 466.21 Td (42,435) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 466.21 Td (229,603) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 466.21 Td (201,919) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 466.21 Td (43,955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 466.21 Td (209,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 466.21 Td (223,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.25 466.21 Td (37,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 466.21 Td (229,385) 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 (30,094) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.50 443.21 Td (286) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 443.21 Td (30,142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 443.21 Td (45,184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.50 443.21 Td (360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 443.21 Td (45,244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 443.21 Td (59,190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 443.21 Td (354) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 443.21 Td (59,249) 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 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 q 0 0 0 rg BT 209.62 319.25 Td ($50.28 ) 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 q 0 0 0 rg BT 491.43 319.25 Td ($4.30 ) 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 q 0 0 0 rg BT 151.33 307.25 Td ($2.63 ) 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 91.56 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 108.64 271.25 Td (December ) Tj ET Q q 0 0 0 rg BT 153.47 271.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.72 271.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 193.47 271.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 226.08 271.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 256.21 271.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.95 271.25 Td (Revision ) Tj ET Q q 0 0 0 rg BT 299.26 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.34 271.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 349.52 271.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 390.48 271.25 Td (during ) Tj ET Q q 0 0 0 rg BT 420.34 271.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 444.08 271.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 485.04 271.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 514.32 271.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 554.72 271.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.55 259.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 123.93 259.25 Td (between ) Tj ET Q q 0 0 0 rg BT 159.74 259.25 Td (December ) Tj ET Q q 0 0 0 rg BT 203.33 259.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 218.33 259.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 240.83 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.77 259.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 235.25 Td (There ) Tj ET Q q 0 0 0 rg BT 93.41 235.25 Td (were ) Tj ET Q q 0 0 0 rg BT 115.43 235.25 Td (no ) Tj ET Q q 0 0 0 rg BT 128.03 235.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 172.84 235.25 Td (additions, ) Tj ET Q q 0 0 0 rg BT 214.60 235.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 256.63 235.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 306.99 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.92 235.25 Td (minerals ) Tj ET Q q 0 0 0 rg BT 354.95 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.32 235.25 Td (place, ) Tj ET Q q 0 0 0 rg BT 391.51 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.88 235.25 Td (our ) Tj ET Q q 0 0 0 rg BT 417.81 235.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 430.96 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.00 235.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 478.35 235.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 494.28 235.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 529.63 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 540.01 235.25 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.06 223.25 Td (or ) Tj ET Q q 0 0 0 rg BT 82.96 223.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 108.02 223.25 Td (as ) Tj ET Q q 0 0 0 rg BT 118.91 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.69 223.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 178.47 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.36 223.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 219.70 223.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 255.02 223.25 Td (that ) Tj ET Q q 0 0 0 rg BT 272.58 223.25 Td (we ) Tj ET Q q 0 0 0 rg BT 286.80 223.25 Td (can ) Tj ET Q q 0 0 0 rg BT 303.24 223.25 Td (book ) Tj ET Q q 0 0 0 rg BT 325.80 223.25 Td (in ) Tj ET Q q 0 0 0 rg BT 336.15 223.25 Td (any ) Tj ET Q q 0 0 0 rg BT 353.15 223.25 Td (given ) Tj ET Q q 0 0 0 rg BT 377.93 223.25 Td (year ) Tj ET Q q 0 0 0 rg BT 397.70 223.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 433.03 223.25 Td (on ) Tj ET Q q 0 0 0 rg BT 445.59 223.25 Td (our ) Tj ET Q q 0 0 0 rg BT 461.49 223.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 497.93 223.25 Td (with ) Tj ET Q q 0 0 0 rg BT 518.27 223.25 Td (new ) Tj ET Q q 0 0 0 rg BT 537.50 223.25 Td (floods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.92 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.11 211.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 108.20 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.51 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.70 211.25 Td (production ) Tj ET Q q 0 0 0 rg BT 178.01 211.25 Td (response, ) Tj ET Q q 0 0 0 rg BT 217.47 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.89 211.25 Td (we ) Tj ET Q q 0 0 0 rg BT 247.53 211.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 282.27 211.25 Td (no ) Tj ET Q q 0 0 0 rg BT 294.25 211.25 Td (new ) Tj ET Q q 0 0 0 rg BT 312.89 211.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 339.87 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 349.62 211.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 374.10 211.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 396.08 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 406.38 211.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 430.86 211.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.40 211.25 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 484.94 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.25 211.25 Td (minerals ) Tj ET Q q 0 0 0 rg BT 531.66 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.41 211.25 Td (place ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.10 199.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 100.60 199.25 Td (were ) Tj ET Q q 0 0 0 rg BT 122.53 199.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 162.24 199.25 Td (related ) Tj ET Q q 0 0 0 rg BT 191.93 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.21 199.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.04 199.25 Td (non-operated ) Tj ET Q q 0 0 0 rg BT 273.29 199.25 Td (working ) Tj ET Q q 0 0 0 rg BT 309.11 199.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 341.04 199.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 391.31 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.59 199.25 Td (Salt ) Tj ET Q q 0 0 0 rg BT 419.64 199.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 446.01 199.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 469.07 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.82 199.25 Td (W) Tj ET Q q 0 0 0 rg BT 494.46 199.25 Td (est ) Tj ET Q q 0 0 0 rg BT 507.69 199.25 Td (Y) Tj ET Q q 0 0 0 rg BT 513.92 199.25 Td (ellow ) Tj ET Q q 0 0 0 rg BT 538.63 199.25 Td (Creek ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.25 Td (Field.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 109.72 163.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 142.31 163.25 Td (e ) Tj ET Q q 0 0 0 rg BT 149.74 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.06 163.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 211.83 163.25 Td (Futur) Tj ET Q q 0 0 0 rg BT 236.65 163.25 Td (e ) Tj ET Q q 0 0 0 rg BT 244.08 163.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 262.06 163.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 286.72 163.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 314.71 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.82 163.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 373.27 163.25 Td (Ther) Tj ET Q q 0 0 0 rg BT 394.20 163.25 Td (ein ) Tj ET Q q 0 0 0 rg BT 409.97 163.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 449.07 163.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.39 163.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 470.75 163.25 Td (oved ) Tj ET Q q 0 0 0 rg BT 493.74 163.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 510.07 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.18 163.25 Td (Natural ) Tj ET Q BT /F2 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 68.67 151.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 127.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.81 127.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 140.78 127.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 177.97 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.06 127.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 237.37 127.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 266.25 127.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 283.45 127.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 306.21 127.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 333.43 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.63 127.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 387.63 127.25 Td (Therein ) Tj ET Q q 0 0 0 rg BT 421.49 127.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 458.14 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.68 127.25 Td (Proved ) Tj ET Q q 0 0 0 rg BT 499.77 127.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 515.31 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 127.25 Td (Natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 67.13 115.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 105.32 115.25 Td (\(Standardized ) Tj ET Q q 0 0 0 rg BT 167.37 115.25 Td (Measure\) ) Tj ET Q q 0 0 0 rg BT 211.65 115.25 Td (does ) Tj ET Q q 0 0 0 rg BT 232.06 115.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.92 115.25 Td (purport ) Tj ET Q q 0 0 0 rg BT 278.44 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.30 115.25 Td (present ) Tj ET Q q 0 0 0 rg BT 319.26 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.56 115.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 349.52 115.25 Td (market ) Tj ET Q q 0 0 0 rg BT 379.37 115.25 Td (value ) Tj ET Q q 0 0 0 rg BT 403.11 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.52 115.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.93 115.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 441.57 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.09 115.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 487.94 115.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 503.35 115.25 Td (properties.) Tj ET Q q 0 0 0 rg BT 550.28 115.25 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.89 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.29 103.25 Td (such ) Tj ET Q q 0 0 0 rg BT 118.68 103.25 Td (value ) Tj ET Q q 0 0 0 rg BT 143.41 103.25 Td (should ) Tj ET Q q 0 0 0 rg BT 173.15 103.25 Td (consider) Tj ET Q q 0 0 0 rg BT 206.62 103.25 Td (, ) Tj ET Q q 0 0 0 rg BT 212.19 103.25 Td (among ) Tj ET Q q 0 0 0 rg BT 242.47 103.25 Td (other ) Tj ET Q q 0 0 0 rg BT 266.09 103.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 298.86 103.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 345.80 103.25 Td (future ) Tj ET Q q 0 0 0 rg BT 372.74 103.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 399.69 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.09 103.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 424.71 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.22 103.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.05 103.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 491.95 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.23 103.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 554.18 103.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 94.12 91.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.43 91.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 135.06 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.92 91.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 182.12 91.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 213.42 91.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 252.21 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.96 91.25 Td (value ) Tj ET Q q 0 0 0 rg BT 293.15 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.01 91.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 343.53 91.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 379.82 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.79 91.25 Td (acreage ) Tj ET Q q 0 0 0 rg BT 431.85 91.25 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 475.65 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.62 91.25 Td (perhaps ) Tj ET Q q 0 0 0 rg BT 528.25 91.25 Td (dif) Tj ET Q q 0 0 0 rg BT 539.18 91.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.03 79.25 Td (rates.It ) Tj ET Q q 0 0 0 rg BT 121.17 79.25 Td (should ) Tj ET Q q 0 0 0 rg BT 150.48 79.25 Td (be ) Tj ET Q q 0 0 0 rg BT 162.57 79.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 187.43 79.25 Td (that ) Tj ET Q q 0 0 0 rg BT 205.07 79.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 244.93 79.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.91 79.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 287.42 79.25 Td (quantities, ) Tj ET Q q 0 0 0 rg BT 331.45 79.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 374.08 79.25 Td (from ) Tj ET Q q 0 0 0 rg BT 396.16 79.25 Td (new ) Tj ET Q q 0 0 0 rg BT 415.47 79.25 Td (discoveries, ) Tj ET Q q 0 0 0 rg BT 465.60 79.25 Td (are ) Tj ET Q q 0 0 0 rg BT 480.45 79.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 523.64 79.25 Td (imprecise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 67.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 67.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 97.26 67.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.54 67.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 152.82 67.25 Td (revision.) Tj ET Q endstream endobj 197 0 obj <> endobj 198 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 301.00 30.60 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.63 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.98 701.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 163.31 701.10 Td (Measure, ) Tj ET Q q 0 0 0 rg BT 202.38 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 228.39 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.29 701.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 280.43 701.10 Td (were ) Tj ET Q q 0 0 0 rg BT 301.99 701.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 342.45 701.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.58 701.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 391.72 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.29 701.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 490.40 701.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 531.42 701.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (price ) Tj ET Q q 0 0 0 rg BT 71.55 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.39 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.68 689.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 136.06 689.10 Td (future ) Tj ET Q q 0 0 0 rg BT 162.00 689.10 Td (production ) Tj ET Q q 0 0 0 rg BT 207.40 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.79 689.10 Td (year) Tj ET Q q 0 0 0 rg BT 234.80 689.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 254.63 689.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 284.47 689.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 324.54 689.10 Td (These ) Tj ET Q q 0 0 0 rg BT 350.49 689.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 376.43 689.10 Td (have ) Tj ET Q q 0 0 0 rg BT 397.37 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.88 689.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 448.15 689.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 477.43 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 489.50 689.10 Td (both ) Tj ET Q q 0 0 0 rg BT 509.34 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 689.10 Td (quantities ) 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 66.17 677.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.05 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.61 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.06 677.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 145.05 677.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 182.54 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 193.10 677.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 236.99 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.99 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 259.78 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.45 677.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 306.44 677.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 322.00 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 348.10 677.10 Td (can ) Tj ET Q q 0 0 0 rg BT 364.21 677.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 388.65 677.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 411.98 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.99 677.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 445.86 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.31 677.10 Td (end ) Tj ET Q q 0 0 0 rg BT 476.98 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.54 677.10 Td (their ) Tj ET Q q 0 0 0 rg BT 508.09 677.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 549.19 677.10 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (much ) Tj ET Q q 0 0 0 rg BT 73.56 665.10 Td (sooner ) Tj ET Q q 0 0 0 rg BT 102.06 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 665.10 Td (can ) Tj ET Q q 0 0 0 rg BT 134.06 665.10 Td (make ) Tj ET Q q 0 0 0 rg BT 157.56 665.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 186.60 665.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 216.21 665.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 269.15 665.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 307.10 665.10 Td (uneconomical, ) Tj ET Q q 0 0 0 rg BT 367.53 665.10 Td (both ) Tj ET Q q 0 0 0 rg BT 387.15 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.32 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.60 665.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 452.09 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.15 665.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 506.23 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.62 665.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 108.11 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.20 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.17 653.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 168.46 653.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.33 653.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 210.74 653.10 Td (were ) Tj ET Q q 0 0 0 rg BT 232.70 653.10 Td (used ) Tj ET Q q 0 0 0 rg BT 253.56 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.87 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.62 653.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 333.35 653.10 Td (Measure.) Tj ET Q q 0 0 0 rg BT 375.10 653.10 Td (These ) Tj ET Q q 0 0 0 rg BT 401.51 653.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 427.92 653.10 Td (were ) Tj ET Q q 0 0 0 rg BT 449.88 653.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 485.73 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.26 653.10 Td (field ) Tj ET Q q 0 0 0 rg BT 519.12 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.43 653.10 Td (arrive ) 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 49.50 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 641.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 112.25 641.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 152.50 641.10 Td (net ) Tj ET Q q 0 0 0 rg BT 167.22 641.10 Td (price.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 604.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 604.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 604.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 604.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 604.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 604.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 604.60 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 358.5 617.6 m 423.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 617.6 m 427.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 617.6 m 492.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 617.6 m 496.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 617.6 m 561.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 604.6 m 423.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 604.6 m 492.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 604.6 m 561.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 604.6 m 423.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 604.6 m 492.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 604.6 m 561.5 604.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 621.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.45 621.17 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 608.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 608.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 608.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 608.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 594.27 Td (Oil \(NYMEX price per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 594.27 Td (51.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 594.27 Td (42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 594.27 Td (50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 579.27 Td (Natural Gas \(Henry Hub price per MMBtu\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 579.27 Td (2.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 579.27 Td (2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 579.27 Td (2.63) Tj ET Q BT /F1 10.00 Tf ET 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 85.44 551.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 120.05 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.22 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.83 551.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 199.43 551.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 236.26 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.99 551.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 292.71 551.10 Td (future ) Tj ET Q q 0 0 0 rg BT 318.98 551.10 Td (net ) Tj ET Q q 0 0 0 rg BT 333.59 551.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 353.76 551.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 378.38 551.10 Td (during ) Tj ET Q q 0 0 0 rg BT 406.88 551.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 429.28 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.11 551.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 468.51 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.68 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.30 551.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 519.02 551.10 Td (that ) Tj ET Q q 0 0 0 rg BT 536.41 551.10 Td (follow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.10 539.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 123.26 539.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 162.09 539.10 Td (by ) Tj ET Q q 0 0 0 rg BT 174.26 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.65 539.10 Td (movement ) Tj ET Q q 0 0 0 rg BT 233.04 539.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.99 539.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 335.13 539.10 Td (average ) Tj ET Q q 0 0 0 rg BT 368.39 539.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 407.22 539.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 419.95 539.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 446.00 539.10 Td (between ) Tj ET Q q 0 0 0 rg BT 481.49 539.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 503.67 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.28 539.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 544.95 539.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 539.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 122.90 527.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 135.79 527.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 162.00 527.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.00 527.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 207.19 527.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 239.50 527.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.62 527.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 288.61 527.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 301.50 527.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 327.71 527.10 Td (\(our ) Tj ET Q q 0 0 0 rg BT 346.71 527.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 385.70 527.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 398.59 527.10 Td (price ) Tj ET Q q 0 0 0 rg BT 420.91 527.10 Td (dif) Tj ET Q q 0 0 0 rg BT 431.84 527.10 Td (ferential\) ) Tj ET Q q 0 0 0 rg BT 470.81 527.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 503.14 527.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.90 527.10 Td ($2.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.40 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.73 527.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 66.16 515.10 Td (below ) Tj ET Q q 0 0 0 rg BT 92.81 515.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 151.10 515.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 189.98 515.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 202.75 515.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 228.84 515.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.38 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.92 515.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 308.22 515.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 332.93 515.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 374.56 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.55 515.10 Td ($3.39 ) Tj ET Q q 0 0 0 rg BT 409.27 515.10 Td (per ) Tj ET Q q 0 0 0 rg BT 424.25 515.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 440.91 515.10 Td (below ) Tj ET Q q 0 0 0 rg BT 467.56 515.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 525.85 515.10 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.56 503.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 88.93 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 99.76 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.59 503.10 Td (December ) Tj ET Q q 0 0 0 rg BT 154.18 503.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.18 503.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 194.18 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.12 503.10 Td ($2.17 ) Tj ET Q q 0 0 0 rg BT 236.12 503.10 Td (per ) Tj ET Q q 0 0 0 rg BT 251.38 503.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 268.33 503.10 Td (below ) Tj ET Q q 0 0 0 rg BT 295.27 503.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 353.85 503.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 393.02 503.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 406.07 503.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 432.45 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 443.28 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.11 503.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 512.69 503.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 479.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 95.63 479.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.42 479.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 147.45 479.10 Td (were ) Tj ET Q q 0 0 0 rg BT 168.90 479.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 202.57 479.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.59 479.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 254.94 479.10 Td (future ) Tj ET Q q 0 0 0 rg BT 280.84 479.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 328.69 479.10 Td (development ) Tj ET Q q 0 0 0 rg BT 382.36 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.83 479.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 454.72 479.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 476.75 479.10 Td (based ) Tj ET Q q 0 0 0 rg BT 501.54 479.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.56 479.10 Td (current ) Tj ET Q q 0 0 0 rg BT 543.90 479.10 Td (cost, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (with ) Tj ET Q q 0 0 0 rg BT 68.75 467.10 Td (no ) Tj ET Q q 0 0 0 rg BT 80.21 467.10 Td (escalation ) Tj ET Q q 0 0 0 rg BT 121.66 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.91 467.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 172.35 467.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 202.14 467.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.37 467.10 Td (inflows.Our ) Tj ET Q q 0 0 0 rg BT 275.89 467.10 Td (future ) Tj ET Q q 0 0 0 rg BT 301.24 467.10 Td (net ) Tj ET Q q 0 0 0 rg BT 314.92 467.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 346.39 467.10 Td (do ) Tj ET Q q 0 0 0 rg BT 357.85 467.10 Td (not ) Tj ET Q q 0 0 0 rg BT 372.10 467.10 Td (include ) Tj ET Q q 0 0 0 rg BT 403.00 467.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.91 467.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 448.14 467.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.27 467.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 480.50 467.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 524.19 467.10 Td (expended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.91 455.10 Td (our ) Tj ET Q q 0 0 0 rg BT 79.64 455.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 126.35 455.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.24 453.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.49 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.90 455.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.64 455.10 Td (that ) Tj ET Q q 0 0 0 rg BT 192.04 455.10 Td (will ) Tj ET Q q 0 0 0 rg BT 211.00 455.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.84 455.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 267.80 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.98 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 455.10 Td (production ) Tj ET Q q 0 0 0 rg BT 341.33 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.07 455.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 384.24 455.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 416.52 455.10 Td (reserves.Future ) Tj ET Q q 0 0 0 rg BT 486.29 455.10 Td (income ) Tj ET Q q 0 0 0 rg BT 519.13 455.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 543.09 455.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 91.65 443.10 Td (by ) Tj ET Q q 0 0 0 rg BT 104.38 443.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 142.09 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.03 443.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 194.75 443.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.68 443.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 227.39 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.89 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.83 443.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 281.65 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.70 443.10 Td (net ) Tj ET Q q 0 0 0 rg BT 307.64 443.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.13 443.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 360.85 443.10 Td (over ) Tj ET Q q 0 0 0 rg BT 381.34 443.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.39 443.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 412.33 443.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 435.05 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.55 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.49 443.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 504.30 443.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 534.79 443.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 443.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 82.43 431.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 100.93 431.10 Td (properties.) Tj ET Q q 0 0 0 rg BT 148.23 431.10 Td (T) Tj ET Q q 0 0 0 rg BT 153.64 431.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 168.25 431.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 200.07 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.67 431.10 Td (net ) Tj ET Q q 0 0 0 rg BT 237.06 431.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.99 431.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 300.71 431.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 361.96 431.10 Td (were ) Tj ET Q q 0 0 0 rg BT 386.56 431.10 Td (also ) Tj ET Q q 0 0 0 rg BT 407.83 431.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 456.31 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.26 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.64 431.10 Td (future ) Tj ET Q q 0 0 0 rg BT 515.68 431.10 Td (income ) Tj ET Q q 0 0 0 rg BT 550.28 431.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.10 Td (calculation.Future ) Tj ET Q q 0 0 0 rg BT 131.09 419.10 Td (net ) Tj ET Q q 0 0 0 rg BT 147.41 419.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.29 419.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 203.40 419.10 Td (after ) Tj ET Q q 0 0 0 rg BT 225.83 419.10 Td (income ) Tj ET Q q 0 0 0 rg BT 259.38 419.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 284.03 419.10 Td (were ) Tj ET Q q 0 0 0 rg BT 307.57 419.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 355.01 419.10 Td (using ) Tj ET Q q 0 0 0 rg BT 380.79 419.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.34 419.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 411.78 419.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 442.55 419.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 480.54 419.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 499.64 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.53 419.10 Td (arrive ) Tj ET Q q 0 0 0 rg BT 538.95 419.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.28 419.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 104.20 407.10 Td (Measure.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 370.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 370.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 370.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 370.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 370.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 370.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 370.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 340.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 340.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 340.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 340.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 310.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 310.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 310.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 310.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 280.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 280.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 280.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 280.60 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 358.5 383.6 m 423.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 383.6 m 427.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 383.6 m 492.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 383.6 m 496.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 383.6 m 561.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 370.6 m 354.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 370.6 m 423.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 370.6 m 492.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 370.6 m 561.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 310.6 m 423.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 310.6 m 492.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 310.6 m 561.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 310.6 m 492.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 310.6 m 561.5 310.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 280.6 m 423.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 280.6 m 492.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 280.6 m 561.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 280.6 m 423.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 266.6 m 423.5 266.6 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 427.5 280.6 m 492.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 266.6 m 492.5 266.6 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 496.5 266.6 m 561.5 266.6 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 BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 387.16 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.45 387.17 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 374.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 374.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 374.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 374.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 360.27 Td (Future cash inflows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.60 360.27 Td (12,421,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 360.27 Td (9,747,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 360.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 360.27 Td (13,413,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 345.27 Td (Future production costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 345.32 Td (\(6,623,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 345.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 345.32 Td (\(5,743,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 345.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 345.32 Td (\(7,649,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 345.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 330.27 Td (Future development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 330.32 Td (\(1,433,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 330.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 330.32 Td (\(1,595,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 330.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 330.32 Td (\(1,712,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 330.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 315.27 Td (Future income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 315.32 Td (\(528,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 315.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 315.32 Td (\(258,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 315.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 315.32 Td (\(657,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 315.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 300.27 Td (Future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 300.27 Td (3,835,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 300.27 Td (2,150,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 300.27 Td (3,393,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 285.27 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 376.30 285.32 Td (\(1,602,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 285.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 285.32 Td (\(751,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 285.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 285.32 Td (\(1,503,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 285.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 270.27 Td (Standardized measure of discounted future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 270.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 270.27 Td (2,232,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 270.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 270.27 Td (1,399,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 270.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 270.27 Td (1,890,124) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 199 0 obj <> endobj 200 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 301.00 30.60 Td (99) 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 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 369.17 Td (Y) Tj ET Q q 0 0 0 rg BT 414.17 369.17 Td (ear 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 (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 356.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 356.17 Td (2015) 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 (5,164,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 327.27 Td (5,332,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 327.27 Td (5,501,175) 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 (1,187,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 312.27 Td (1,214,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 312.27 Td (1,237,603) 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 (4.1 ) 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 (4.2 ) 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 (4.4 ) 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 (2017) 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 (2016) 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 (2015) 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 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q 0 0 0 rg BT 177.74 248.10 Td (2016) 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 (2015) 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 98.26 224.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.15 222.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.40 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.83 224.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 153.02 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.23 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.88 224.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 206.42 224.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 247.74 224.10 Td (region ) Tj ET Q q 0 0 0 rg BT 275.72 224.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 305.93 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.69 224.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.45 224.10 Td (overriding ) Tj ET Q q 0 0 0 rg BT 376.54 224.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 407.30 224.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 439.16 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.37 224.10 Td (LaBar) Tj ET 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0.8 0.8 rg /GS0 gs 423.50 629.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 629.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 629.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 629.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 599.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 599.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 599.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 599.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 599.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 599.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 599.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 599.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 599.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 569.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 569.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 569.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 569.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 569.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 569.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 569.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 569.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 569.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 539.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 539.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 539.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 539.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 539.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 539.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 539.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 539.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 539.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 509.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 509.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 509.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 479.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 479.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 479.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 449.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 449.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 449.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 419.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 419.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 419.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 389.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 389.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 389.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 359.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 359.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 359.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 359.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 359.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 359.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 329.75 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 329.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 329.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 329.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 329.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 329.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 329.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 329.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 329.75 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 49.5 689.75 m 285.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 689.75 m 354.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 689.75 m 423.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 689.75 m 492.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 689.75 m 561.5 689.75 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 693.31 Td (In thousands, except per) Tj ET Q q 0 0 0 rg BT 149.55 693.31 Td (-shar) Tj ET Q q 0 0 0 rg BT 170.30 693.31 Td (e data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.20 693.32 Td (March 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.05 693.32 Td (June 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.85 693.32 Td (September 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.70 693.32 Td (December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 679.43 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 679.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 679.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 679.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 679.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 664.42 Td (Revenues and other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 664.42 Td (275,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 664.42 Td (261,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 664.42 Td (266,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 664.42 Td (326,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 649.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 649.47 Td (\(24,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 649.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 649.47 Td (\(10,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 649.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 649.42 Td (25,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 649.42 Td (87,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 634.42 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 634.42 Td (257,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 634.42 Td (246,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 634.42 Td (255,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 634.42 Td (246,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 619.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 619.42 Td (21,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 619.42 Td (14,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 619.42 Td (442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 619.42 Td (126,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 604.42 Td (Net income per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 589.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 589.42 Td (0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 589.42 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 589.42 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 589.42 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 574.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 574.42 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 574.42 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 574.42 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 574.42 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 559.42 Td (Cash flow provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 559.42 Td (24,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 559.42 Td (52,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 559.42 Td (65,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 559.42 Td (124,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 544.42 Td (Cash flow used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 544.47 Td (\(67,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 544.47 Td (\(153,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 544.47 Td (\(72,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 544.47 Td (\(63,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 544.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 529.42 Td (Cash flow provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 529.42 Td (43,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 529.42 Td (102,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 529.42 Td (3,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 529.47 Td (\(60,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 529.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 499.43 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 499.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 499.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 499.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 499.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 484.42 Td (Revenues and other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 484.42 Td (194,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 484.42 Td (255,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 484.42 Td (253,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 484.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 484.42 Td (271,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 469.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 469.42 Td (22,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 469.42 Td (98,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 469.47 Td (\(21,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 469.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 469.42 Td (28,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 454.42 Td (Gain on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 454.47 Td (\(94,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 454.47 Td (\(12,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 454.47 Td (\(7,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 454.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 439.42 Td (W) Tj ET Q q 0 0 0 rg BT 61.24 439.42 Td (rite-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 439.42 Td (256,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 439.42 Td (479,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 439.42 Td (75,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 439.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 424.42 Td (Other expenses ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.87 428.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 424.42 Td (291,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 424.42 Td (293,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 424.42 Td (246,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 424.42 Td (840,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 409.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 409.47 Td (\(185,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 409.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 409.47 Td (\(380,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 409.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 409.47 Td (\(24,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 409.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 409.47 Td (\(385,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 409.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 394.42 Td (Net loss per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 394.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 394.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 394.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 394.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 379.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 379.47 Td (\(0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 379.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 379.47 Td (\(1.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 379.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 379.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 379.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 379.47 Td (\(0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 379.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 364.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 364.47 Td (\(0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 364.47 Td (\(1.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 364.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 364.47 Td (\(0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 364.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 349.42 Td (Cash flow provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 349.42 Td (2,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 349.42 Td (60,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 349.42 Td (96,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 349.42 Td (59,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 334.42 Td (Cash flow used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 334.47 Td (\(66,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 334.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 334.47 Td (\(60,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 334.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 334.47 Td (\(6,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 334.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 334.47 Td (\(71,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 334.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 319.42 Td (Cash flow provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 319.42 Td (70,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 319.47 Td (\(6,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 319.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 319.47 Td (\(89,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 319.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 319.42 Td (9,879) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 291.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.67 291.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.41 291.25 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 140.21 291.25 Td (million ) Tj ET Q q 0 0 0 rg BT 171.40 291.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 218.65 291.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 270.37 291.25 Td (char) Tj ET Q q 0 0 0 rg BT 287.39 291.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 299.13 291.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 342.52 291.25 Td (with ) Tj ET Q q 0 0 0 rg BT 362.60 291.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.11 291.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 401.07 291.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 427.26 291.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 442.88 291.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 487.95 291.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 518.57 291.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 291.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 279.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 92.69 279.25 Td (during ) Tj ET Q q 0 0 0 rg BT 120.66 279.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.73 279.25 Td (three ) Tj ET Q q 0 0 0 rg BT 156.58 279.25 Td (months ) Tj ET Q q 0 0 0 rg BT 187.89 279.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 213.62 279.25 Td (December ) Tj ET Q q 0 0 0 rg BT 256.57 279.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 270.92 279.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 292.78 279.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.08 279.25 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 333.44 279.25 Td (million ) Tj ET Q q 0 0 0 rg BT 364.19 279.25 Td (related ) Tj ET Q q 0 0 0 rg BT 393.25 279.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.89 279.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.97 279.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 459.93 279.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 503.43 279.25 Td (with ) Tj ET Q q 0 0 0 rg BT 523.06 279.25 Td (Evolution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 267.25 Td (during ) Tj ET Q q 0 0 0 rg BT 96.11 267.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.83 267.25 Td (three ) Tj ET Q q 0 0 0 rg BT 133.31 267.25 Td (months ) Tj ET Q q 0 0 0 rg BT 165.26 267.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 191.64 267.25 Td (June ) Tj ET Q q 0 0 0 rg BT 212.47 267.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 227.47 267.25 Td (2016.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (101) 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 (2017) 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 (2017) 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 (2017) 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 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 /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (102) 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 678.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET 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 (23, ) Tj ET Q q 0 0 0 rg BT 260.56 666.75 Td (2018 ) 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 207 0 obj <> endobj 208 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 (103) 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 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 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 160.69 515.82 Td (for ) Tj ET Q q 0 0 0 rg BT 174.22 515.82 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 179.22 513.66 cm /I32 Do Q q 0 0 0 rg BT 186.72 515.82 Td (% ) Tj ET Q q 0 0 0 rg BT 196.92 515.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 224.90 515.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 280.10 515.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 305.30 515.82 Td (due ) Tj ET Q q 0 0 0 rg BT 321.61 515.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 345.98 515.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 369.51 515.82 Td (as ) Tj ET Q q 0 0 0 rg BT 379.71 515.82 Td (of ) Tj ET Q q 0 0 0 rg BT 389.91 515.82 Td (February ) Tj ET Q q 0 0 0 rg BT 427.88 515.82 Td (17, ) Tj ET Q q 0 0 0 rg BT 442.25 515.82 Td (201) Tj ET Q q 0 0 0 rg BT 456.88 515.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 466.25 515.82 Td (by ) Tj ET Q q 0 0 0 rg BT 478.12 515.82 Td (and ) Tj ET Q q 0 0 0 rg BT 494.43 515.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 515.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 505.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 505.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 505.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 505.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 505.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 505.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 505.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 505.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 505.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 505.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 505.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 505.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 505.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 505.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 505.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 505.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 505.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 505.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 495.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 495.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 495.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 495.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 495.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 495.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 495.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 495.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 495.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 495.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 495.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 495.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 495.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 495.82 Td (February ) Tj ET Q q 0 0 0 rg BT 423.48 495.82 Td (22, ) Tj ET Q q 0 0 0 rg BT 438.48 495.82 Td (201) Tj ET Q q 0 0 0 rg BT 453.11 495.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 463.11 495.82 Td (File ) Tj ET Q q 0 0 0 rg BT 481.17 495.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 498.39 495.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET 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 141.49 470.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 470.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 470.82 Td (for ) Tj ET Q q 0 0 0 rg BT 254.41 470.82 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 259.41 468.66 cm /I33 Do Q q 0 0 0 rg BT 266.91 470.82 Td (% ) Tj ET Q q 0 0 0 rg BT 277.89 470.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 470.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 470.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 470.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 470.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 430.85 470.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 470.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 470.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 470.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 470.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 470.82 Td (2014, ) 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 132.54 460.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 460.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 460.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 460.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 460.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 460.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 460.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 460.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 460.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 460.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 460.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 460.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 460.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 460.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 460.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 460.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 460.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 450.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.59 450.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.35 450.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.12 450.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.88 450.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.78 450.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.86 450.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.54 450.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.88 450.82 Td (4\(x\) ) Tj ET Q q 0 0 0 rg BT 328.44 450.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.67 450.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 362.24 450.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 384.69 450.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.91 450.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.81 450.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.93 450.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.71 450.82 Td (on ) Tj ET Q q 0 0 0 rg BT 483.61 450.82 Td (February ) Tj ET Q q 0 0 0 rg BT 521.61 450.82 Td (27, ) Tj ET Q q 0 0 0 rg BT 536.00 450.82 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 440.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 440.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 440.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET 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 152.07 415.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 209.19 415.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 249.64 415.82 Td (for ) Tj ET Q q 0 0 0 rg BT 263.44 415.82 Td (6) Tj ET Q /GS0 gs q 7.50 0 0 10.09 268.44 413.66 cm /I34 Do Q q 0 0 0 rg BT 275.94 415.82 Td (% ) Tj ET Q q 0 0 0 rg BT 286.40 415.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.64 415.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 370.10 415.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.56 415.82 Td (due ) Tj ET Q q 0 0 0 rg BT 412.13 415.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 436.76 415.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 460.55 415.82 Td (as ) Tj ET Q q 0 0 0 rg BT 471.02 415.82 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 415.82 Td (September ) Tj ET Q q 0 0 0 rg BT 526.38 415.82 Td (8, ) Tj ET Q q 0 0 0 rg BT 536.01 415.82 Td (2017, ) 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 132.55 405.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 405.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.32 405.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.36 405.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.52 405.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.34 405.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.60 405.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.98 405.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.49 405.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.26 405.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.60 405.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.64 405.82 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 447.44 405.82 Td (T) Tj ET Q q 0 0 0 rg BT 453.19 405.82 Td (rust, ) Tj ET Q q 0 0 0 rg BT 472.75 405.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.78 405.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 395.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.56 395.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.32 395.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.06 395.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.79 395.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.66 395.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.71 395.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.36 395.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.67 395.82 Td (4\(a\) ) Tj ET Q q 0 0 0 rg BT 327.64 395.82 Td (of ) Tj ET Q q 0 0 0 rg BT 337.83 395.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.37 395.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 383.79 395.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 403.98 395.82 Td (by ) Tj ET Q q 0 0 0 rg BT 415.85 395.82 Td (the ) Tj ET Q q 0 0 0 rg BT 429.94 395.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.69 395.82 Td (on ) Tj ET Q q 0 0 0 rg BT 482.56 395.82 Td (November ) Tj ET Q q 0 0 0 rg BT 526.63 395.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 536.00 395.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 385.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 385.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 385.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET 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 160.96 360.82 Td (for ) Tj ET Q q 0 0 0 rg BT 174.76 360.82 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 179.76 358.66 cm /I35 Do Q q 0 0 0 rg BT 187.26 360.82 Td (% ) Tj ET Q q 0 0 0 rg BT 197.74 360.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 225.99 360.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 281.46 360.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 306.93 360.82 Td (due ) Tj ET Q q 0 0 0 rg BT 323.51 360.82 Td (2023, ) Tj ET Q q 0 0 0 rg BT 348.16 360.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 371.96 360.82 Td (as ) Tj ET Q q 0 0 0 rg BT 382.43 360.82 Td (of ) Tj ET Q q 0 0 0 rg BT 392.90 360.82 Td (February ) Tj ET Q q 0 0 0 rg BT 431.14 360.82 Td (5, ) Tj ET Q q 0 0 0 rg BT 440.79 360.82 Td (2013, ) Tj ET Q q 0 0 0 rg BT 465.43 360.82 Td (by ) Tj ET Q q 0 0 0 rg BT 477.58 360.82 Td (and ) Tj ET Q q 0 0 0 rg BT 494.16 360.82 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 (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 340.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 340.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 340.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 340.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 340.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 340.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 340.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 340.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 340.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 340.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 340.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 340.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 340.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 340.82 Td (February ) Tj ET Q q 0 0 0 rg BT 423.48 340.82 Td (5, ) Tj ET Q q 0 0 0 rg BT 433.48 340.82 Td (2013, ) Tj ET Q q 0 0 0 rg BT 458.48 340.82 Td (File ) Tj ET Q q 0 0 0 rg BT 476.54 340.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 493.76 340.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET 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 q 0 0 0 rg BT 254.41 315.82 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 259.41 313.66 cm /I36 Do Q q 0 0 0 rg BT 266.91 315.82 Td (% ) Tj ET 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 (2023, ) 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 130.62 295.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.38 295.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.18 295.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.98 295.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.91 295.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 269.02 295.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.73 295.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 310.10 295.82 Td (4\(z\) ) Tj ET Q q 0 0 0 rg BT 328.13 295.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.39 295.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.99 295.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 384.47 295.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.73 295.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.66 295.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.81 295.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.62 295.82 Td (on ) Tj ET Q q 0 0 0 rg BT 483.55 295.82 Td (February ) Tj ET Q q 0 0 0 rg BT 521.58 295.82 Td (27, ) Tj ET Q q 0 0 0 rg BT 536.01 295.82 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 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 (Second ) Tj ET Q q 0 0 0 rg BT 152.07 260.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 209.19 260.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 249.64 260.82 Td (for ) Tj ET Q q 0 0 0 rg BT 263.44 260.82 Td (4) Tj ET Q /GS0 gs q 7.50 0 0 10.09 268.44 258.66 cm /I37 Do Q q 0 0 0 rg BT 275.94 260.82 Td (% ) Tj ET Q q 0 0 0 rg BT 286.40 260.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.64 260.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 370.10 260.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.56 260.82 Td (due ) Tj ET Q q 0 0 0 rg BT 412.13 260.82 Td (2023, ) Tj ET Q q 0 0 0 rg BT 436.76 260.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 460.55 260.82 Td (as ) Tj ET Q q 0 0 0 rg BT 471.02 260.82 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 260.82 Td (September ) Tj ET Q q 0 0 0 rg BT 526.38 260.82 Td (8, ) Tj ET Q q 0 0 0 rg BT 536.01 260.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 250.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.55 250.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 250.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.32 250.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.36 250.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.52 250.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.34 250.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.60 250.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.98 250.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.49 250.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.26 250.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.60 250.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.64 250.82 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 447.44 250.82 Td (T) Tj ET Q q 0 0 0 rg BT 453.19 250.82 Td (rust, ) Tj ET Q q 0 0 0 rg BT 472.75 250.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.78 250.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 240.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.53 240.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.29 240.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.01 240.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.71 240.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.54 240.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.56 240.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.18 240.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.46 240.82 Td (4\(b\) ) Tj ET Q q 0 0 0 rg BT 327.96 240.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.12 240.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.63 240.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 384.02 240.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.18 240.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.02 240.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.08 240.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.80 240.82 Td (on ) Tj ET Q q 0 0 0 rg BT 482.64 240.82 Td (November ) Tj ET Q q 0 0 0 rg BT 526.68 240.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 536.02 240.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 230.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 230.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 230.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 205.82 Td (4\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 205.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 161.58 205.82 Td (for ) Tj ET Q q 0 0 0 rg BT 176.01 205.82 Td (5% ) Tj ET Q q 0 0 0 rg BT 199.61 205.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 228.48 205.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 284.58 205.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 310.67 205.82 Td (due ) Tj ET Q q 0 0 0 rg BT 327.88 205.82 Td (2022, ) Tj ET Q q 0 0 0 rg BT 353.15 205.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 377.57 205.82 Td (as ) Tj ET Q q 0 0 0 rg BT 388.67 205.82 Td (of ) Tj ET Q q 0 0 0 rg BT 399.16 205.82 Td (April ) Tj ET Q q 0 0 0 rg BT 423.03 205.82 Td (30, ) Tj ET Q q 0 0 0 rg BT 438.30 205.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 463.57 205.82 Td (by ) Tj ET Q q 0 0 0 rg BT 476.33 205.82 Td (and ) Tj ET Q q 0 0 0 rg BT 493.54 205.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 205.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 195.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 195.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 195.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 195.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 195.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 195.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 195.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 195.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 195.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 195.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 195.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 195.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 195.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 195.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 195.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 195.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 195.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 195.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 185.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 185.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 185.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 185.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 185.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 185.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 185.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 185.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 185.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 185.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 185.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 185.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 185.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 185.82 Td (May ) Tj ET Q q 0 0 0 rg BT 405.71 185.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 415.71 185.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 440.71 185.82 Td (File ) Tj ET Q q 0 0 0 rg BT 458.77 185.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 475.99 185.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET 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 (First ) Tj ET Q q 0 0 0 rg BT 141.49 160.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 160.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 160.82 Td (for ) Tj ET Q q 0 0 0 rg BT 254.41 160.82 Td (5% ) Tj ET Q q 0 0 0 rg BT 277.89 160.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 160.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 160.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 160.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 160.82 Td (2022, ) Tj ET Q q 0 0 0 rg BT 430.85 160.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 160.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 160.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 160.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 160.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 160.82 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 150.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.54 150.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 150.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 150.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 150.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 150.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 150.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 150.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 150.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 150.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 150.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 150.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 150.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 150.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 150.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 150.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 150.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 150.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 140.82 Td (as ) Tj ET Q q 0 0 0 rg BT 131.65 140.82 Td (T) Tj ET Q q 0 0 0 rg BT 137.41 140.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 164.33 140.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 221.24 140.82 Td (by ) Tj ET Q q 0 0 0 rg BT 234.28 140.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 274.51 140.82 Td (to ) Tj ET Q q 0 0 0 rg BT 285.33 140.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 317.82 140.82 Td (4\(bb\) ) Tj ET Q q 0 0 0 rg BT 342.53 140.82 Td (of ) Tj ET Q q 0 0 0 rg BT 353.90 140.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 378.61 140.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 402.21 140.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 423.58 140.82 Td (by ) Tj ET Q q 0 0 0 rg BT 436.63 140.82 Td (the ) Tj ET Q q 0 0 0 rg BT 451.89 140.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.82 140.82 Td (on ) Tj ET Q q 0 0 0 rg BT 506.86 140.82 Td (February ) Tj ET Q q 0 0 0 rg BT 546.00 140.82 Td (27, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 130.82 Td (2015, ) Tj ET Q q 0 0 0 rg BT 145.50 130.82 Td (File ) Tj ET Q q 0 0 0 rg BT 163.56 130.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 180.78 130.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 105.82 Td (4\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 105.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.07 105.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 209.19 105.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 249.64 105.82 Td (for ) Tj ET Q q 0 0 0 rg BT 263.44 105.82 Td (5% ) Tj ET Q q 0 0 0 rg BT 286.40 105.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 314.64 105.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 370.10 105.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.56 105.82 Td (due ) Tj ET Q q 0 0 0 rg BT 412.13 105.82 Td (2022, ) Tj ET Q q 0 0 0 rg BT 436.76 105.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 460.55 105.82 Td (as ) Tj ET Q q 0 0 0 rg BT 471.02 105.82 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 105.82 Td (September ) Tj ET Q q 0 0 0 rg BT 526.38 105.82 Td (8, ) Tj ET Q q 0 0 0 rg BT 536.01 105.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 95.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.55 95.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 95.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.32 95.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.36 95.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.52 95.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.34 95.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.60 95.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.98 95.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.49 95.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.26 95.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.60 95.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.64 95.82 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 447.44 95.82 Td (T) Tj ET Q q 0 0 0 rg BT 453.19 95.82 Td (rust, ) Tj ET Q q 0 0 0 rg BT 472.75 95.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.78 95.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 85.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.56 85.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.32 85.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.06 85.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.79 85.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.66 85.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.71 85.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.36 85.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.67 85.82 Td (4\(c\) ) Tj ET Q q 0 0 0 rg BT 327.64 85.82 Td (of ) Tj ET Q q 0 0 0 rg BT 337.83 85.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.37 85.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 383.79 85.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 403.98 85.82 Td (by ) Tj ET Q q 0 0 0 rg BT 415.85 85.82 Td (the ) Tj ET Q q 0 0 0 rg BT 429.94 85.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.69 85.82 Td (on ) Tj ET Q q 0 0 0 rg BT 482.56 85.82 Td (November ) Tj ET Q q 0 0 0 rg BT 526.63 85.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 536.00 85.82 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 75.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 75.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 75.82 Td (001-12935\).) 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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 (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 669.92 Td (.) 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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 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.57 Td (4\(k\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (First ) Tj ET Q q 0 0 0 rg BT 141.38 654.57 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 198.90 654.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 239.76 654.57 Td (for ) Tj ET Q q 0 0 0 rg BT 253.95 654.57 Td (9% ) Tj ET Q q 0 0 0 rg BT 269.82 654.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 298.46 654.57 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 354.33 654.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 380.19 654.57 Td (due ) Tj ET Q q 0 0 0 rg BT 397.17 654.57 Td (2021, ) Tj ET Q q 0 0 0 rg BT 422.20 654.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 446.40 654.57 Td (as ) Tj ET Q q 0 0 0 rg BT 457.26 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 468.13 654.57 Td (September ) Tj ET Q q 0 0 0 rg BT 513.43 654.57 Td (8, ) Tj ET Q q 0 0 0 rg BT 523.47 654.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 548.50 654.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 137.12 644.57 Td (among ) Tj ET Q q 0 0 0 rg BT 166.51 644.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 203.68 644.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 246.96 644.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 266.90 644.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 296.28 644.57 Td (of ) Tj ET Q q 0 0 0 rg BT 306.79 644.57 Td (its ) Tj ET Q q 0 0 0 rg BT 318.42 644.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 370.31 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 386.77 644.57 Td (W) Tj ET Q q 0 0 0 rg BT 395.81 644.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 436.72 644.57 Td (T) Tj ET Q q 0 0 0 rg BT 442.48 644.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 462.15 644.57 Td (National ) Tj ET Q q 0 0 0 rg BT 498.28 644.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 550.18 644.57 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 634.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 634.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 152.64 634.57 Td (and ) Tj ET Q q 0 0 0 rg BT 169.59 634.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 211.35 634.57 Td (T) Tj ET Q q 0 0 0 rg BT 217.10 634.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 243.49 634.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 299.86 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 312.37 634.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 352.06 634.57 Td (to ) Tj ET Q q 0 0 0 rg BT 362.35 634.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 394.30 634.57 Td (4\(d\) ) Tj ET Q q 0 0 0 rg BT 413.47 634.57 Td (of ) Tj ET Q q 0 0 0 rg BT 424.31 634.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 448.49 634.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 471.55 634.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 492.38 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 504.89 634.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.61 634.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 624.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 624.57 Td (November ) Tj ET Q q 0 0 0 rg BT 177.71 624.57 Td (7, ) Tj ET Q q 0 0 0 rg BT 187.71 624.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 212.71 624.57 Td (File ) Tj ET Q q 0 0 0 rg BT 230.76 624.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 247.99 624.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.57 Td (4\(l\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 161.03 599.57 Td (for ) Tj ET Q q 0 0 0 rg BT 174.90 599.57 Td (9% ) Tj ET Q q 0 0 0 rg BT 197.94 599.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 226.26 599.57 Td (Secured ) Tj ET Q q 0 0 0 rg BT 260.68 599.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 292.33 599.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 312.86 599.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 338.40 599.57 Td (due ) Tj ET Q q 0 0 0 rg BT 355.05 599.57 Td (2022, ) Tj ET Q q 0 0 0 rg BT 379.76 599.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 403.63 599.57 Td (as ) Tj ET Q q 0 0 0 rg BT 414.17 599.57 Td (of ) Tj ET Q q 0 0 0 rg BT 424.71 599.57 Td (December ) Tj ET Q q 0 0 0 rg BT 468.01 599.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 477.72 599.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 502.43 599.57 Td (by ) Tj ET Q q 0 0 0 rg BT 514.64 599.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 599.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 589.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.50 589.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.61 589.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.39 589.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 249.60 589.57 Td (of ) Tj ET Q q 0 0 0 rg BT 259.94 589.57 Td (its ) Tj ET Q q 0 0 0 rg BT 271.40 589.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 323.13 589.57 Td (and ) Tj ET Q q 0 0 0 rg BT 339.43 589.57 Td (W) Tj ET Q q 0 0 0 rg BT 348.47 589.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 389.23 589.57 Td (T) Tj ET Q q 0 0 0 rg BT 394.99 589.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 414.50 589.57 Td (National ) Tj ET Q q 0 0 0 rg BT 450.50 589.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 502.22 589.57 Td (as ) Tj ET Q q 0 0 0 rg BT 512.42 589.57 Td (T) Tj ET Q q 0 0 0 rg BT 518.18 589.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 544.06 589.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 579.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.38 579.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.14 579.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 194.66 579.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 251.17 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 263.81 579.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 303.64 579.57 Td (to ) Tj ET Q q 0 0 0 rg BT 314.06 579.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 346.15 579.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 361.29 579.57 Td (of ) Tj ET Q q 0 0 0 rg BT 372.26 579.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 396.58 579.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 414.77 579.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 435.74 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 448.39 579.57 Td (the ) Tj ET Q q 0 0 0 rg BT 463.25 579.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.78 579.57 Td (on ) Tj ET Q q 0 0 0 rg BT 517.42 579.57 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 569.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 135.50 569.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 160.50 569.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 569.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 569.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.57 Td (4\(m\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 544.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 161.02 544.57 Td (for ) Tj ET Q q 0 0 0 rg BT 174.89 544.57 Td (3% ) Tj ET Q q 0 0 0 rg BT 197.93 544.57 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 247.36 544.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 275.67 544.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 301.21 544.57 Td (due ) Tj ET Q q 0 0 0 rg BT 317.86 544.57 Td (2024, ) Tj ET Q q 0 0 0 rg BT 342.57 544.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 366.44 544.57 Td (as ) Tj ET Q q 0 0 0 rg BT 376.97 544.57 Td (of ) Tj ET Q q 0 0 0 rg BT 387.51 544.57 Td (December ) Tj ET Q q 0 0 0 rg BT 430.81 544.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 440.52 544.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 465.23 544.57 Td (by ) Tj ET Q q 0 0 0 rg BT 477.44 544.57 Td (and ) Tj ET Q q 0 0 0 rg BT 494.08 544.57 Td (among ) Tj ET Q q 0 0 0 rg BT 523.51 544.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 534.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.42 534.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 534.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 534.57 Td (of ) Tj ET Q q 0 0 0 rg BT 222.17 534.57 Td (its ) Tj ET Q q 0 0 0 rg BT 233.44 534.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.97 534.57 Td (and ) Tj ET Q q 0 0 0 rg BT 301.10 534.57 Td (W) Tj ET Q q 0 0 0 rg BT 310.13 534.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 350.71 534.57 Td (T) Tj ET Q q 0 0 0 rg BT 356.47 534.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 375.79 534.57 Td (National ) Tj ET Q q 0 0 0 rg BT 411.64 534.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.17 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 473.19 534.57 Td (T) Tj ET Q q 0 0 0 rg BT 478.94 534.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.64 534.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 524.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 524.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 524.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 524.57 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 229.90 524.57 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 524.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 524.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 524.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 524.57 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 524.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 524.57 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 524.57 Td (December ) Tj ET Q q 0 0 0 rg BT 428.47 524.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 443.47 524.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 468.47 524.57 Td (File ) Tj ET Q q 0 0 0 rg BT 486.53 524.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 503.75 524.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 499.57 Td (4\(n\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 499.57 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 164.44 499.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 189.21 499.57 Td (as ) Tj ET Q q 0 0 0 rg BT 200.67 499.57 Td (of ) Tj ET Q q 0 0 0 rg BT 212.12 499.57 Td (January ) Tj ET Q q 0 0 0 rg BT 246.34 499.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 256.96 499.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 282.58 499.57 Td (among ) Tj ET Q q 0 0 0 rg BT 312.92 499.57 Td (the ) Tj ET Q q 0 0 0 rg BT 328.26 499.57 Td (Company) Tj ET Q q 0 0 0 rg BT 366.49 499.57 Td (, ) Tj ET Q q 0 0 0 rg BT 372.12 499.57 Td (the ) Tj ET Q q 0 0 0 rg BT 387.45 499.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 433.35 499.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 480.90 499.57 Td (named ) Tj ET Q q 0 0 0 rg BT 510.68 499.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 544.07 499.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 489.57 Td (W) Tj ET Q q 0 0 0 rg BT 129.54 489.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 171.14 489.57 Td (T) Tj ET Q q 0 0 0 rg BT 176.89 489.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 197.31 489.57 Td (National ) Tj ET Q q 0 0 0 rg BT 234.01 489.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 286.65 489.57 Td (as ) Tj ET Q q 0 0 0 rg BT 297.68 489.57 Td (T) Tj ET Q q 0 0 0 rg BT 303.44 489.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 332.73 489.57 Td (with ) Tj ET Q q 0 0 0 rg BT 353.43 489.57 Td (respect ) Tj ET Q q 0 0 0 rg BT 384.66 489.57 Td (to ) Tj ET Q q 0 0 0 rg BT 395.36 489.57 Td ($59,439,000 ) Tj ET Q q 0 0 0 rg BT 448.27 489.57 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 490.05 489.57 Td (principal ) Tj ET Q q 0 0 0 rg BT 528.51 489.57 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 479.57 Td (of ) Tj ET Q q 0 0 0 rg BT 131.52 479.57 Td (5% ) Tj ET Q q 0 0 0 rg BT 147.54 479.57 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 197.44 479.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 226.24 479.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 252.26 479.57 Td (due ) Tj ET Q q 0 0 0 rg BT 269.39 479.57 Td (2023 ) Tj ET Q q 0 0 0 rg BT 292.08 479.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 348.63 479.57 Td (by ) Tj ET Q q 0 0 0 rg BT 361.32 479.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 401.19 479.57 Td (to ) Tj ET Q q 0 0 0 rg BT 411.66 479.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 443.79 479.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 458.98 479.57 Td (of ) Tj ET Q q 0 0 0 rg BT 470.00 479.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 494.36 479.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 512.60 479.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 533.61 479.57 Td (by ) Tj ET Q q 0 0 0 rg BT 546.30 479.57 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 469.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.89 469.57 Td (on ) Tj ET Q q 0 0 0 rg BT 174.39 469.57 Td (January ) Tj ET Q q 0 0 0 rg BT 207.99 469.57 Td (1) Tj ET Q q 0 0 0 rg BT 212.61 469.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 222.61 469.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 247.61 469.57 Td (File ) Tj ET Q q 0 0 0 rg BT 265.67 469.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 282.89 469.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 444.57 Td (10\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 444.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 162.16 444.57 Td (and ) Tj ET Q q 0 0 0 rg BT 179.39 444.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 216.61 444.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 243.78 444.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 293.49 444.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 317.93 444.57 Td (as ) Tj ET Q q 0 0 0 rg BT 329.05 444.57 Td (of ) Tj ET Q q 0 0 0 rg BT 340.17 444.57 Td (December ) Tj ET Q q 0 0 0 rg BT 384.04 444.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 394.32 444.57 Td (2014, ) Tj ET Q q 0 0 0 rg BT 419.61 444.57 Td (by ) Tj ET Q q 0 0 0 rg BT 432.40 444.57 Td (and ) Tj ET Q q 0 0 0 rg BT 449.62 444.57 Td (among ) Tj ET Q q 0 0 0 rg BT 479.63 444.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 517.40 444.57 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 434.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 141.49 434.57 Td (as ) Tj ET Q q 0 0 0 rg BT 153.04 434.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 190.96 434.57 Td (, ) Tj ET Q q 0 0 0 rg BT 196.68 434.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 223.17 434.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 240.83 434.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 268.49 434.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 295.32 434.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 320.48 434.57 Td (as ) Tj ET Q q 0 0 0 rg BT 331.32 434.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 393.82 434.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 423.98 434.57 Td (and ) Tj ET Q q 0 0 0 rg BT 441.64 434.57 Td (the ) Tj ET Q q 0 0 0 rg BT 457.08 434.57 Td (lending ) Tj ET Q q 0 0 0 rg BT 490.29 434.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 537.96 434.57 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 424.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 150.82 424.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 207.23 424.57 Td (by ) Tj ET Q q 0 0 0 rg BT 219.79 424.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 259.52 424.57 Td (to ) Tj ET Q q 0 0 0 rg BT 269.86 424.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 301.85 424.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 321.91 424.57 Td (of ) Tj ET Q q 0 0 0 rg BT 332.79 424.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 357.01 424.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 375.12 424.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 396.00 424.57 Td (by ) Tj ET Q q 0 0 0 rg BT 408.55 424.57 Td (the ) Tj ET Q q 0 0 0 rg BT 423.32 424.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 464.76 424.57 Td (on ) Tj ET Q q 0 0 0 rg BT 477.32 424.57 Td (December ) Tj ET Q q 0 0 0 rg BT 520.95 424.57 Td (15, ) Tj ET Q q 0 0 0 rg BT 536.01 424.57 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 414.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 414.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 414.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.57 Td (10\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 389.57 Td (First ) Tj ET Q q 0 0 0 rg BT 140.25 389.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 191.49 389.57 Td (to ) Tj ET Q q 0 0 0 rg BT 200.67 389.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 241.35 389.57 Td (and ) Tj ET Q q 0 0 0 rg BT 257.60 389.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 293.84 389.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 320.24 389.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 368.97 389.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 392.43 389.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.56 389.57 Td (of ) Tj ET Q q 0 0 0 rg BT 412.70 389.57 Td (May ) Tj ET Q q 0 0 0 rg BT 432.84 389.57 Td (4, ) Tj ET Q q 0 0 0 rg BT 442.14 389.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 466.45 389.57 Td (by ) Tj ET Q q 0 0 0 rg BT 478.25 389.57 Td (and ) Tj ET Q q 0 0 0 rg BT 494.50 389.57 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 389.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 379.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 162.94 379.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 182.04 379.57 Td (as ) Tj ET Q q 0 0 0 rg BT 191.71 379.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 229.63 379.57 Td (, ) Tj ET Q q 0 0 0 rg BT 233.46 379.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 259.96 379.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 275.73 379.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 301.51 379.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 326.46 379.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 349.74 379.57 Td (as ) Tj ET Q q 0 0 0 rg BT 359.11 379.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 420.14 379.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 448.41 379.57 Td (and ) Tj ET Q q 0 0 0 rg BT 464.19 379.57 Td (the ) Tj ET Q q 0 0 0 rg BT 477.74 379.57 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.06 379.57 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 369.57 Td (party ) Tj ET Q q 0 0 0 rg BT 143.38 369.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 173.48 369.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 229.67 369.57 Td (by ) Tj ET Q q 0 0 0 rg BT 242.01 369.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 281.53 369.57 Td (to ) Tj ET Q q 0 0 0 rg BT 291.64 369.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 323.42 369.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 346.85 369.57 Td (of ) Tj ET Q q 0 0 0 rg BT 357.51 369.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 381.52 369.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 404.40 369.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 425.06 369.57 Td (by ) Tj ET Q q 0 0 0 rg BT 437.39 369.57 Td (the ) Tj ET Q q 0 0 0 rg BT 451.95 369.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.17 369.57 Td (on ) Tj ET Q q 0 0 0 rg BT 505.50 369.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.16 369.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.00 369.57 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 359.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 359.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 359.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 334.57 Td (10\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 334.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 151.49 334.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 202.92 334.57 Td (to ) Tj ET Q q 0 0 0 rg BT 212.26 334.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 253.13 334.57 Td (and ) Tj ET Q q 0 0 0 rg BT 269.56 334.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 305.99 334.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 332.54 334.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 381.46 334.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 405.12 334.57 Td (as ) Tj ET Q q 0 0 0 rg BT 415.44 334.57 Td (of ) Tj ET Q q 0 0 0 rg BT 425.77 334.57 Td (February ) Tj ET Q q 0 0 0 rg BT 463.86 334.57 Td (17, ) Tj ET Q q 0 0 0 rg BT 478.36 334.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 502.85 334.57 Td (by ) Tj ET Q q 0 0 0 rg BT 514.85 334.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 334.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 324.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 324.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 324.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 324.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 324.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 324.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 324.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 324.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 324.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 324.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 324.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 324.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 324.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 324.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 324.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 324.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 324.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 314.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 168.36 314.57 Td (party ) Tj ET Q q 0 0 0 rg BT 192.31 314.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 223.48 314.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 280.75 314.57 Td (by ) Tj ET Q q 0 0 0 rg BT 294.15 314.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 334.74 314.57 Td (to ) Tj ET Q q 0 0 0 rg BT 345.93 314.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 378.78 314.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 399.68 314.57 Td (of ) Tj ET Q q 0 0 0 rg BT 411.42 314.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 436.49 314.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 455.45 314.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 477.18 314.57 Td (by ) Tj ET Q q 0 0 0 rg BT 490.59 314.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.21 314.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.50 314.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 304.57 Td (February ) Tj ET Q q 0 0 0 rg BT 159.10 304.57 Td (23, ) Tj ET Q q 0 0 0 rg BT 174.10 304.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 199.10 304.57 Td (File ) Tj ET Q q 0 0 0 rg BT 217.16 304.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 234.38 304.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.57 Td (10\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 279.57 Td (Third ) Tj ET Q q 0 0 0 rg BT 145.44 279.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 198.37 279.57 Td (to ) Tj ET Q q 0 0 0 rg BT 208.87 279.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 251.24 279.57 Td (and ) Tj ET Q q 0 0 0 rg BT 269.18 279.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 307.11 279.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 334.82 279.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 385.24 279.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 410.39 279.57 Td (as ) Tj ET Q q 0 0 0 rg BT 422.22 279.57 Td (of ) Tj ET Q q 0 0 0 rg BT 433.27 279.57 Td (April ) Tj ET Q q 0 0 0 rg BT 457.88 279.57 Td (18, ) Tj ET Q q 0 0 0 rg BT 473.87 279.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 499.87 279.57 Td (by ) Tj ET Q q 0 0 0 rg BT 513.36 279.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 279.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 269.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 269.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 269.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 269.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 269.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 269.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 269.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 269.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 269.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 269.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 269.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 269.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 269.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 269.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 269.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 269.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 269.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 259.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 166.94 259.57 Td (party ) Tj ET Q q 0 0 0 rg BT 189.48 259.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 219.23 259.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 275.08 259.57 Td (by ) Tj ET Q q 0 0 0 rg BT 287.07 259.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 326.25 259.57 Td (to ) Tj ET Q q 0 0 0 rg BT 336.02 259.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 367.45 259.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 386.94 259.57 Td (of ) Tj ET Q q 0 0 0 rg BT 397.26 259.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.92 259.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 438.46 259.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 458.77 259.57 Td (by ) Tj ET Q q 0 0 0 rg BT 470.76 259.57 Td (the ) Tj ET Q q 0 0 0 rg BT 484.97 259.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 525.85 259.57 Td (on ) Tj ET Q q 0 0 0 rg BT 537.40 259.57 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 249.57 Td (20, ) Tj ET Q q 0 0 0 rg BT 135.50 249.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 160.50 249.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 249.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 249.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 224.57 Td (10\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 224.57 Td (Fourth ) Tj ET Q q 0 0 0 rg BT 150.02 224.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 203.12 224.57 Td (to ) Tj ET Q q 0 0 0 rg BT 213.75 224.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 256.29 224.57 Td (and ) Tj ET Q q 0 0 0 rg BT 274.39 224.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 312.48 224.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 340.33 224.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 390.91 224.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 416.23 224.57 Td (as ) Tj ET Q q 0 0 0 rg BT 428.22 224.57 Td (of ) Tj ET Q q 0 0 0 rg BT 440.21 224.57 Td (May ) Tj ET Q q 0 0 0 rg BT 462.20 224.57 Td (3, ) Tj ET Q q 0 0 0 rg BT 473.37 224.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 499.53 224.57 Td (by ) Tj ET Q q 0 0 0 rg BT 513.19 224.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 224.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 214.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 214.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 214.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 214.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 214.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 214.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 214.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 214.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 214.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 214.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 214.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 214.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 214.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 214.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 214.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 214.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 214.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 204.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 167.08 204.57 Td (party ) Tj ET Q q 0 0 0 rg BT 189.76 204.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 219.65 204.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 275.64 204.57 Td (by ) Tj ET Q q 0 0 0 rg BT 287.77 204.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 327.08 204.57 Td (to ) Tj ET Q q 0 0 0 rg BT 336.98 204.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 368.55 204.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 388.18 204.57 Td (of ) Tj ET Q q 0 0 0 rg BT 398.64 204.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 422.44 204.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 440.12 204.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 460.57 204.57 Td (by ) Tj ET Q q 0 0 0 rg BT 472.70 204.57 Td (the ) Tj ET Q q 0 0 0 rg BT 487.04 204.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.06 204.57 Td (on ) Tj ET Q q 0 0 0 rg BT 540.19 204.57 Td (May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 194.57 Td (4, ) Tj ET Q q 0 0 0 rg BT 130.50 194.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 155.50 194.57 Td (File ) Tj ET Q q 0 0 0 rg BT 173.56 194.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 190.78 194.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 169.57 Td (10\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 169.57 Td (Fifth ) Tj ET Q q 0 0 0 rg BT 141.96 169.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 193.96 169.57 Td (to ) Tj ET Q q 0 0 0 rg BT 203.75 169.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 245.20 169.57 Td (and ) Tj ET Q q 0 0 0 rg BT 262.22 169.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 299.23 169.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 326.23 169.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 375.73 169.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 399.96 169.57 Td (as ) Tj ET Q q 0 0 0 rg BT 410.87 169.57 Td (of ) Tj ET Q q 0 0 0 rg BT 421.77 169.57 Td (November ) Tj ET Q q 0 0 0 rg BT 466.55 169.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 476.63 169.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 501.71 169.57 Td (by ) Tj ET Q q 0 0 0 rg BT 514.28 169.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 169.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 159.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 159.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 159.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 159.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 159.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 159.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 159.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 159.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 159.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 159.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 159.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 159.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 159.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 159.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 159.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 159.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 159.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 149.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 167.79 149.57 Td (party ) Tj ET Q q 0 0 0 rg BT 191.17 149.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 221.76 149.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 278.46 149.57 Td (by ) Tj ET Q q 0 0 0 rg BT 291.29 149.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 331.31 149.57 Td (to ) Tj ET Q q 0 0 0 rg BT 341.92 149.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 374.20 149.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 398.69 149.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.86 149.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 434.36 149.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 457.74 149.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 478.90 149.57 Td (by ) Tj ET Q q 0 0 0 rg BT 491.74 149.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.79 149.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 149.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 139.57 Td (November ) Tj ET Q q 0 0 0 rg BT 165.21 139.57 Td (7, ) Tj ET Q q 0 0 0 rg BT 175.21 139.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 200.21 139.57 Td (File ) Tj ET Q q 0 0 0 rg BT 218.26 139.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 235.49 139.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 114.57 Td (10\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 114.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.64 114.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.39 114.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.67 114.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 235.51 114.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 260.08 114.57 Td (as ) Tj ET Q q 0 0 0 rg BT 271.33 114.57 Td (of ) Tj ET Q q 0 0 0 rg BT 282.58 114.57 Td (May ) Tj ET Q q 0 0 0 rg BT 303.83 114.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 319.25 114.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 344.67 114.57 Td (by ) Tj ET Q q 0 0 0 rg BT 357.59 114.57 Td (and ) Tj ET Q q 0 0 0 rg BT 374.95 114.57 Td (among ) Tj ET Q q 0 0 0 rg BT 405.08 114.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 442.99 114.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 487.01 114.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 507.70 114.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.82 114.57 Td (of ) Tj ET Q q 0 0 0 rg BT 549.07 114.57 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 104.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 173.10 104.57 Td (and ) Tj ET Q q 0 0 0 rg BT 190.22 104.57 Td (W) Tj ET Q q 0 0 0 rg BT 199.26 104.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 240.83 104.57 Td (T) Tj ET Q q 0 0 0 rg BT 246.59 104.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 266.98 104.57 Td (National ) Tj ET Q q 0 0 0 rg BT 303.66 104.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 356.27 104.57 Td (as ) Tj ET Q q 0 0 0 rg BT 367.28 104.57 Td (T) Tj ET Q q 0 0 0 rg BT 373.03 104.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 399.80 104.57 Td (and ) Tj ET Q q 0 0 0 rg BT 417.13 104.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 459.23 104.57 Td (T) Tj ET Q q 0 0 0 rg BT 464.99 104.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 491.76 104.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 104.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 94.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 94.57 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 94.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 94.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 222.40 94.57 Td (of ) Tj ET Q q 0 0 0 rg BT 233.23 94.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.40 94.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 275.46 94.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 296.28 94.57 Td (by ) Tj ET Q q 0 0 0 rg BT 308.78 94.57 Td (the ) Tj ET Q q 0 0 0 rg BT 323.50 94.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.88 94.57 Td (on ) Tj ET Q q 0 0 0 rg BT 377.38 94.57 Td (May ) Tj ET Q q 0 0 0 rg BT 398.21 94.57 Td (1) Tj ET Q q 0 0 0 rg BT 402.84 94.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 412.84 94.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 437.84 94.57 Td (File ) Tj ET Q q 0 0 0 rg BT 455.90 94.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 473.12 94.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET 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 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\(h\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.47 709.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.23 709.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.97 709.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 215.01 709.57 Td (, ) Tj ET Q q 0 0 0 rg BT 220.25 709.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 244.64 709.57 Td (as ) Tj ET Q q 0 0 0 rg BT 255.71 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 266.79 709.57 Td (December ) Tj ET Q q 0 0 0 rg BT 310.61 709.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 320.85 709.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 346.09 709.57 Td (by ) Tj ET Q q 0 0 0 rg BT 358.83 709.57 Td (and ) Tj ET Q q 0 0 0 rg BT 376.01 709.57 Td (among ) Tj ET Q q 0 0 0 rg BT 405.97 709.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 443.70 709.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 487.54 709.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 508.05 709.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.99 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 549.06 709.57 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 699.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 173.10 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 190.22 699.57 Td (W) Tj ET Q q 0 0 0 rg BT 199.26 699.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 240.83 699.57 Td (T) Tj ET Q q 0 0 0 rg BT 246.59 699.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 266.98 699.57 Td (National ) Tj ET Q q 0 0 0 rg BT 303.66 699.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 356.27 699.57 Td (as ) Tj ET Q q 0 0 0 rg BT 367.28 699.57 Td (T) Tj ET Q q 0 0 0 rg BT 373.03 699.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 399.80 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 417.13 699.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 459.23 699.57 Td (T) Tj ET Q q 0 0 0 rg BT 464.99 699.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 491.76 699.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 699.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 689.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 689.57 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 689.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 689.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 222.40 689.57 Td (of ) Tj ET Q q 0 0 0 rg BT 233.23 689.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.40 689.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 275.46 689.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 296.28 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 308.78 689.57 Td (the ) Tj ET Q q 0 0 0 rg BT 323.50 689.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.88 689.57 Td (on ) Tj ET Q q 0 0 0 rg BT 377.38 689.57 Td (December ) Tj ET Q q 0 0 0 rg BT 420.97 689.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 435.97 689.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 460.97 689.57 Td (File ) Tj ET Q q 0 0 0 rg BT 479.03 689.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 496.25 689.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.57 Td (10\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 664.57 Td (Intercreditor ) Tj ET Q q 0 0 0 rg BT 172.54 664.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 222.12 664.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 246.43 664.57 Td (as ) Tj ET Q q 0 0 0 rg BT 257.41 664.57 Td (of ) Tj ET Q q 0 0 0 rg BT 268.40 664.57 Td (May ) Tj ET Q q 0 0 0 rg BT 289.39 664.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 304.54 664.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 329.70 664.57 Td (by ) Tj ET Q q 0 0 0 rg BT 342.35 664.57 Td (and ) Tj ET Q q 0 0 0 rg BT 359.44 664.57 Td (between ) Tj ET Q q 0 0 0 rg BT 395.42 664.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 421.91 664.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 439.00 664.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 466.10 664.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 492.36 664.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 516.96 664.57 Td (as ) Tj ET Q q 0 0 0 rg BT 527.94 664.57 Td (Priority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 141.15 654.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 171.06 654.57 Td (and ) Tj ET Q q 0 0 0 rg BT 188.26 654.57 Td (W) Tj ET Q q 0 0 0 rg BT 197.30 654.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 238.95 654.57 Td (T) Tj ET Q q 0 0 0 rg BT 244.71 654.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 265.19 654.57 Td (National ) Tj ET Q q 0 0 0 rg BT 301.94 654.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 354.64 654.57 Td (as ) Tj ET Q q 0 0 0 rg BT 365.94 654.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 408.14 654.57 Td (T) Tj ET Q q 0 0 0 rg BT 413.89 654.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 440.75 654.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 497.59 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 510.56 654.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 550.72 654.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 152.44 644.57 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 172.44 644.57 Td (of ) Tj ET Q q 0 0 0 rg BT 183.27 644.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 207.44 644.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 225.50 644.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 246.32 644.57 Td (by ) Tj ET Q q 0 0 0 rg BT 258.82 644.57 Td (the ) Tj ET Q q 0 0 0 rg BT 273.54 644.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.92 644.57 Td (on ) Tj ET Q q 0 0 0 rg BT 327.42 644.57 Td (May ) Tj ET Q q 0 0 0 rg BT 348.25 644.57 Td (1) Tj ET Q q 0 0 0 rg BT 352.88 644.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 362.88 644.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 387.88 644.57 Td (File ) Tj ET Q q 0 0 0 rg BT 405.94 644.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 423.16 644.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 619.57 Td (10\(j\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 619.57 Td (Priority ) Tj ET Q q 0 0 0 rg BT 153.28 619.57 Td (Confirmation ) Tj ET Q q 0 0 0 rg BT 209.39 619.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 238.43 619.57 Td (, ) Tj ET Q q 0 0 0 rg BT 243.16 619.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 267.04 619.57 Td (as ) Tj ET Q q 0 0 0 rg BT 277.59 619.57 Td (of ) Tj ET Q q 0 0 0 rg BT 288.15 619.57 Td (December ) Tj ET Q q 0 0 0 rg BT 331.46 619.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 341.19 619.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 365.92 619.57 Td (by ) Tj ET Q q 0 0 0 rg BT 378.14 619.57 Td (and ) Tj ET Q q 0 0 0 rg BT 394.81 619.57 Td (between ) Tj ET Q q 0 0 0 rg BT 430.35 619.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 456.84 619.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 473.51 619.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 500.17 619.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 526.01 619.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 550.18 619.57 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 609.57 Td (Priority ) Tj ET Q q 0 0 0 rg BT 155.57 609.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 177.41 609.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 208.85 609.57 Td (and ) Tj ET Q q 0 0 0 rg BT 227.48 609.57 Td (W) Tj ET Q q 0 0 0 rg BT 236.52 609.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 279.59 609.57 Td (T) Tj ET Q q 0 0 0 rg BT 285.35 609.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 307.36 609.57 Td (National ) Tj ET Q q 0 0 0 rg BT 345.31 609.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 399.53 609.57 Td (as ) Tj ET Q q 0 0 0 rg BT 412.37 609.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 455.98 609.57 Td (T) Tj ET Q q 0 0 0 rg BT 461.74 609.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 490.13 609.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.50 609.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 599.57 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 599.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 599.57 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 222.40 599.57 Td (of ) Tj ET Q q 0 0 0 rg BT 233.23 599.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.40 599.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 275.46 599.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 296.28 599.57 Td (by ) Tj ET Q q 0 0 0 rg BT 308.78 599.57 Td (the ) Tj ET Q q 0 0 0 rg BT 323.50 599.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.88 599.57 Td (on ) Tj ET Q q 0 0 0 rg BT 377.38 599.57 Td (December ) Tj ET Q q 0 0 0 rg BT 420.97 599.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 435.97 599.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 460.97 599.57 Td (File ) Tj ET Q q 0 0 0 rg BT 479.03 599.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 496.25 599.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.57 Td (10\(k\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 574.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.45 574.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.21 574.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.93 574.57 Td (Joinder) Tj ET Q q 0 0 0 rg BT 214.97 574.57 Td (, ) Tj ET Q q 0 0 0 rg BT 220.19 574.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 244.57 574.57 Td (as ) Tj ET Q q 0 0 0 rg BT 255.62 574.57 Td (of ) Tj ET Q q 0 0 0 rg BT 266.67 574.57 Td (January ) Tj ET Q q 0 0 0 rg BT 300.49 574.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 310.71 574.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 335.93 574.57 Td (among ) Tj ET Q q 0 0 0 rg BT 365.87 574.57 Td (the ) Tj ET Q q 0 0 0 rg BT 380.81 574.57 Td (Company) Tj ET Q q 0 0 0 rg BT 419.04 574.57 Td (, ) Tj ET Q q 0 0 0 rg BT 424.27 574.57 Td (the ) Tj ET Q q 0 0 0 rg BT 439.20 574.57 Td (Subsidiary ) Tj ET Q q 0 0 0 rg BT 484.70 574.57 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 531.85 574.57 Td (named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 564.57 Td (therein, ) Tj ET Q q 0 0 0 rg BT 153.22 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 162.26 564.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 203.60 564.57 Td (T) Tj ET Q q 0 0 0 rg BT 209.36 564.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 229.51 564.57 Td (National ) Tj ET Q q 0 0 0 rg BT 266.00 564.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 318.37 564.57 Td (as ) Tj ET Q q 0 0 0 rg BT 329.15 564.57 Td (T) Tj ET Q q 0 0 0 rg BT 334.91 564.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 363.93 564.57 Td (the ) Tj ET Q q 0 0 0 rg BT 378.79 564.57 Td (other ) Tj ET Q q 0 0 0 rg BT 401.99 564.57 Td (parity ) Tj ET Q q 0 0 0 rg BT 427.96 564.57 Td (lien ) Tj ET Q q 0 0 0 rg BT 445.60 564.57 Td (representatives ) Tj ET Q q 0 0 0 rg BT 508.22 564.57 Td (from ) Tj ET Q q 0 0 0 rg BT 530.30 564.57 Td (time ) Tj ET Q q 0 0 0 rg BT 550.72 564.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 554.57 Td (time ) Tj ET Q q 0 0 0 rg BT 140.16 554.57 Td (party ) Tj ET Q q 0 0 0 rg BT 162.59 554.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 192.25 554.57 Td (and ) Tj ET Q q 0 0 0 rg BT 208.44 554.57 Td (W) Tj ET Q q 0 0 0 rg BT 217.47 554.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 258.12 554.57 Td (T) Tj ET Q q 0 0 0 rg BT 263.87 554.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 283.26 554.57 Td (National ) Tj ET Q q 0 0 0 rg BT 319.16 554.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 370.77 554.57 Td (as ) Tj ET Q q 0 0 0 rg BT 380.99 554.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 422.17 554.57 Td (T) Tj ET Q q 0 0 0 rg BT 427.92 554.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 453.69 554.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 509.44 554.57 Td (by ) Tj ET Q q 0 0 0 rg BT 521.32 554.57 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 544.57 Td (to ) Tj ET Q q 0 0 0 rg BT 130.78 544.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 162.72 544.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 182.72 544.57 Td (of ) Tj ET Q q 0 0 0 rg BT 193.55 544.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 217.72 544.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 235.77 544.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 256.60 544.57 Td (by ) Tj ET Q q 0 0 0 rg BT 269.10 544.57 Td (the ) Tj ET Q q 0 0 0 rg BT 283.82 544.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.20 544.57 Td (on ) Tj ET Q q 0 0 0 rg BT 337.70 544.57 Td (January ) Tj ET Q q 0 0 0 rg BT 371.30 544.57 Td (1) Tj ET Q q 0 0 0 rg BT 375.93 544.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 385.93 544.57 Td (2018, ) Tj ET Q q 0 0 0 rg BT 410.93 544.57 Td (File ) Tj ET Q q 0 0 0 rg BT 428.99 544.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 446.21 544.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 519.57 Td (10\(l\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 519.57 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 155.35 519.57 Td (Financing ) Tj ET Q q 0 0 0 rg BT 197.43 519.57 Td (Lease ) Tj ET Q q 0 0 0 rg BT 222.37 519.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 271.37 519.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 295.11 519.57 Td (as ) Tj ET Q q 0 0 0 rg BT 305.52 519.57 Td (of ) Tj ET Q q 0 0 0 rg BT 315.93 519.57 Td (May ) Tj ET Q q 0 0 0 rg BT 336.35 519.57 Td (30, ) Tj ET Q q 0 0 0 rg BT 350.93 519.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 375.51 519.57 Td (by ) Tj ET Q q 0 0 0 rg BT 387.59 519.57 Td (and ) Tj ET Q q 0 0 0 rg BT 404.11 519.57 Td (between ) Tj ET Q q 0 0 0 rg BT 439.51 519.57 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 473.25 519.57 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 499.77 519.57 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 537.13 519.57 Td (LLC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 509.57 Td (as ) Tj ET Q q 0 0 0 rg BT 131.10 509.57 Td (Lessor) Tj ET Q q 0 0 0 rg BT 157.36 509.57 Td (, ) Tj ET Q q 0 0 0 rg BT 162.12 509.57 Td (and ) Tj ET Q q 0 0 0 rg BT 178.83 509.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 216.09 509.57 Td (Onshore, ) Tj ET Q q 0 0 0 rg BT 254.74 509.57 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 278.39 509.57 Td (as ) Tj ET Q q 0 0 0 rg BT 288.99 509.57 Td (Lessee ) Tj ET Q q 0 0 0 rg BT 318.46 509.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 374.59 509.57 Td (by ) Tj ET Q q 0 0 0 rg BT 386.86 509.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 426.31 509.57 Td (to ) Tj ET Q q 0 0 0 rg BT 436.35 509.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 468.06 509.57 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 487.83 509.57 Td (of ) Tj ET Q q 0 0 0 rg BT 498.43 509.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 522.36 509.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 540.18 509.57 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 499.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 499.57 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 499.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.10 499.57 Td (on ) Tj ET Q q 0 0 0 rg BT 201.60 499.57 Td (June ) Tj ET Q q 0 0 0 rg BT 222.43 499.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 232.43 499.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 257.43 499.57 Td (File ) Tj ET Q q 0 0 0 rg BT 275.49 499.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 292.71 499.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 474.57 Td (10\(m\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 474.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 474.57 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 182.04 474.57 Td (Services ) Tj ET Q q 0 0 0 rg BT 218.26 474.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 268.21 474.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 292.88 474.57 Td (as ) Tj ET Q q 0 0 0 rg BT 304.22 474.57 Td (of ) Tj ET Q q 0 0 0 rg BT 315.57 474.57 Td (May ) Tj ET Q q 0 0 0 rg BT 336.92 474.57 Td (30, ) Tj ET Q q 0 0 0 rg BT 352.43 474.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 377.95 474.57 Td (by ) Tj ET Q q 0 0 0 rg BT 390.97 474.57 Td (and ) Tj ET Q q 0 0 0 rg BT 408.42 474.57 Td (between ) Tj ET Q q 0 0 0 rg BT 444.75 474.57 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 479.43 474.57 Td (Free ) Tj ET Q q 0 0 0 rg BT 500.22 474.57 Td (State ) Tj ET Q q 0 0 0 rg BT 523.23 474.57 Td (Pipeline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 464.57 Td (LLC ) Tj ET Q q 0 0 0 rg BT 141.37 464.57 Td (and ) Tj ET Q q 0 0 0 rg BT 157.79 464.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 194.76 464.57 Td (Onshore, ) Tj ET Q q 0 0 0 rg BT 233.12 464.57 Td (LLC ) Tj ET Q q 0 0 0 rg BT 253.99 464.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 309.83 464.57 Td (by ) Tj ET Q q 0 0 0 rg BT 321.82 464.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 360.98 464.57 Td (to ) Tj ET Q q 0 0 0 rg BT 370.74 464.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 402.17 464.57 Td (99.2 ) Tj ET Q q 0 0 0 rg BT 421.65 464.57 Td (of ) Tj ET Q q 0 0 0 rg BT 431.96 464.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 455.61 464.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 473.14 464.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 493.45 464.57 Td (by ) Tj ET Q q 0 0 0 rg BT 505.43 464.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.63 464.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 454.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 454.57 Td (June ) Tj ET Q q 0 0 0 rg BT 153.83 454.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 163.83 454.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 188.83 454.57 Td (File ) Tj ET Q q 0 0 0 rg BT 206.89 454.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 224.11 454.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 429.57 Td (10\(n\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 429.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 145.40 429.57 Td (of ) Tj ET Q q 0 0 0 rg BT 156.95 429.57 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 223.33 429.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 273.48 429.57 Td (by ) Tj ET Q q 0 0 0 rg BT 286.70 429.57 Td (and ) Tj ET Q q 0 0 0 rg BT 304.37 429.57 Td (between ) Tj ET Q q 0 0 0 rg BT 340.91 429.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 379.12 429.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 423.45 429.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 441.94 429.57 Td (and ) Tj ET Q q 0 0 0 rg BT 459.60 429.57 Td (its ) Tj ET Q q 0 0 0 rg BT 472.28 429.57 Td (of) Tj ET Q q 0 0 0 rg BT 480.43 429.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 505.86 429.57 Td (and ) Tj ET Q q 0 0 0 rg BT 523.52 429.57 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 419.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 176.37 419.57 Td (by ) Tj ET Q q 0 0 0 rg BT 188.38 419.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 227.57 419.57 Td (to ) Tj ET Q q 0 0 0 rg BT 237.36 419.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 268.81 419.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 291.92 419.57 Td (of ) Tj ET Q q 0 0 0 rg BT 302.26 419.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 325.94 419.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 348.50 419.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 368.83 419.57 Td (by ) Tj ET Q q 0 0 0 rg BT 380.84 419.57 Td (the ) Tj ET Q q 0 0 0 rg BT 395.07 419.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.97 419.57 Td (on ) Tj ET Q q 0 0 0 rg BT 447.98 419.57 Td (November ) Tj ET Q q 0 0 0 rg BT 492.19 419.57 Td (7, ) Tj ET Q q 0 0 0 rg BT 501.70 419.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 526.21 419.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.78 419.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 409.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.57 Td (10\(o\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 384.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 159.98 384.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 205.56 384.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 225.32 384.57 Td (Director ) Tj ET Q q 0 0 0 rg BT 263.12 384.57 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 303.14 384.57 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 365.40 384.57 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 390.17 384.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.98 384.57 Td (amended ) Tj ET Q q 0 0 0 rg BT 443.57 384.57 Td (and ) Tj ET Q q 0 0 0 rg BT 462.49 384.57 Td (restated ) Tj ET Q q 0 0 0 rg BT 498.07 384.57 Td (ef) Tj ET Q q 0 0 0 rg BT 505.66 384.57 Td (fective ) Tj ET Q q 0 0 0 rg BT 537.35 384.57 Td (as ) Tj ET Q q 0 0 0 rg BT 550.17 384.57 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 374.57 Td (December ) Tj ET Q q 0 0 0 rg BT 163.39 374.57 Td (16, ) Tj ET Q q 0 0 0 rg BT 177.69 374.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 199.49 374.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 255.15 374.57 Td (by ) Tj ET Q q 0 0 0 rg BT 266.96 374.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 305.94 374.57 Td (to ) Tj ET Q q 0 0 0 rg BT 315.52 374.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 346.76 374.57 Td (10\(i\) ) Tj ET Q q 0 0 0 rg BT 368.00 374.57 Td (of ) Tj ET Q q 0 0 0 rg BT 378.14 374.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 401.61 374.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 423.96 374.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 444.09 374.57 Td (by ) Tj ET Q q 0 0 0 rg BT 455.89 374.57 Td (the ) Tj ET Q q 0 0 0 rg BT 469.91 374.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.60 374.57 Td (on ) Tj ET Q q 0 0 0 rg BT 522.40 374.57 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 364.57 Td (26, ) Tj ET Q q 0 0 0 rg BT 135.50 364.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 160.50 364.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 364.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 364.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 339.57 Td (10\(p\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 339.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.44 339.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 202.48 339.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 220.69 339.57 Td (Severance ) Tj ET Q q 0 0 0 rg BT 264.72 339.57 Td (Protection ) Tj ET Q q 0 0 0 rg BT 308.77 339.57 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 332.00 339.57 Td (as ) Tj ET Q q 0 0 0 rg BT 343.27 339.57 Td (amended ) Tj ET Q q 0 0 0 rg BT 382.31 339.57 Td (and ) Tj ET Q q 0 0 0 rg BT 399.70 339.57 Td (restated ) Tj ET Q q 0 0 0 rg BT 433.74 339.57 Td (ef) Tj ET Q q 0 0 0 rg BT 441.33 339.57 Td (fective ) Tj ET Q q 0 0 0 rg BT 471.47 339.57 Td (as ) Tj ET Q q 0 0 0 rg BT 482.75 339.57 Td (of ) Tj ET Q q 0 0 0 rg BT 494.02 339.57 Td (March ) Tj ET Q q 0 0 0 rg BT 523.07 339.57 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.52 339.57 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 329.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 177.76 329.57 Td (by ) Tj ET Q q 0 0 0 rg BT 191.16 329.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 231.74 329.57 Td (to ) Tj ET Q q 0 0 0 rg BT 242.91 329.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 275.75 329.57 Td (10\(f\) ) Tj ET Q q 0 0 0 rg BT 299.14 329.57 Td (of ) Tj ET Q q 0 0 0 rg BT 310.87 329.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 335.94 329.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 359.89 329.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 381.61 329.57 Td (by ) Tj ET Q q 0 0 0 rg BT 395.01 329.57 Td (the ) Tj ET Q q 0 0 0 rg BT 410.62 329.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 452.90 329.57 Td (on ) Tj ET Q q 0 0 0 rg BT 466.30 329.57 Td (May ) Tj ET Q q 0 0 0 rg BT 488.03 329.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 498.93 329.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 524.82 329.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.78 329.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 319.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 294.57 Td (10\(q\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 294.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.71 294.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 201.03 294.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 218.52 294.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 240.74 294.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 279.64 294.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 304.64 294.57 Td (and ) Tj ET Q q 0 0 0 rg BT 321.30 294.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 360.72 294.57 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 383.22 294.57 Td (as ) Tj ET Q q 0 0 0 rg BT 393.77 294.57 Td (amended ) Tj ET Q q 0 0 0 rg BT 432.09 294.57 Td (and ) Tj ET Q q 0 0 0 rg BT 448.75 294.57 Td (restated ) Tj ET Q q 0 0 0 rg BT 482.06 294.57 Td (ef) Tj ET Q q 0 0 0 rg BT 489.65 294.57 Td (fective ) Tj ET Q q 0 0 0 rg BT 519.07 294.57 Td (as ) Tj ET Q q 0 0 0 rg BT 529.63 294.57 Td (of ) Tj ET Q q 0 0 0 rg BT 540.18 294.57 Td (May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 284.57 Td (24, ) Tj ET Q q 0 0 0 rg BT 135.41 284.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 157.83 284.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 214.11 284.57 Td (by ) Tj ET Q q 0 0 0 rg BT 226.52 284.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 266.12 284.57 Td (to ) Tj ET Q q 0 0 0 rg BT 276.31 284.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 308.17 284.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 328.08 284.57 Td (of ) Tj ET Q q 0 0 0 rg BT 338.83 284.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 362.91 284.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 380.88 284.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 401.62 284.57 Td (by ) Tj ET Q q 0 0 0 rg BT 414.03 284.57 Td (the ) Tj ET Q q 0 0 0 rg BT 428.66 284.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 469.97 284.57 Td (on ) Tj ET Q q 0 0 0 rg BT 482.38 284.57 Td (May ) Tj ET Q q 0 0 0 rg BT 503.12 284.57 Td (26, ) Tj ET Q q 0 0 0 rg BT 518.04 284.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 542.95 284.57 Td (File ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 274.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 137.72 274.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 249.57 Td (10\(r\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 249.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 142.02 249.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 165.21 249.57 Td (of ) Tj ET Q q 0 0 0 rg BT 175.05 249.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 217.11 249.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 241.07 249.57 Td (A) Tj ET Q q 0 0 0 rg BT 247.38 249.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 268.88 249.57 Td (that ) Tj ET Q q 0 0 0 rg BT 285.40 249.57 Td (vests ) Tj ET Q q 0 0 0 rg BT 306.92 249.57 Td (on ) Tj ET Q q 0 0 0 rg BT 318.43 249.57 Td (retirement ) Tj ET Q q 0 0 0 rg BT 361.04 249.57 Td (for ) Tj ET Q q 0 0 0 rg BT 374.22 249.57 Td (grants ) Tj ET Q q 0 0 0 rg BT 400.17 249.57 Td (to ) Tj ET Q q 0 0 0 rg BT 409.47 249.57 Td (of) Tj ET Q q 0 0 0 rg BT 417.62 249.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 441.34 249.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 477.30 249.57 Td (to ) Tj ET Q q 0 0 0 rg BT 486.59 249.57 Td (the ) Tj ET Q q 0 0 0 rg BT 500.33 249.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 521.85 249.57 Td (Omnibus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 239.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.89 239.57 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 239.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 202.75 239.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 223.14 239.57 Td (for ) Tj ET Q q 0 0 0 rg BT 237.41 239.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 275.01 239.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 318.72 239.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 336.59 239.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 393.07 239.57 Td (by ) Tj ET Q q 0 0 0 rg BT 405.68 239.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 445.47 239.57 Td (to ) Tj ET Q q 0 0 0 rg BT 455.86 239.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 487.91 239.57 Td (10\(l\) ) Tj ET Q q 0 0 0 rg BT 509.96 239.57 Td (of ) Tj ET Q q 0 0 0 rg BT 520.90 239.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.18 239.57 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 229.57 Td (K ) Tj ET Q q 0 0 0 rg BT 130.22 229.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 151.05 229.57 Td (by ) Tj ET Q q 0 0 0 rg BT 163.55 229.57 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 229.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.65 229.57 Td (on ) Tj ET Q q 0 0 0 rg BT 232.15 229.57 Td (March ) Tj ET Q q 0 0 0 rg BT 260.75 229.57 Td (15, ) Tj ET Q q 0 0 0 rg BT 275.75 229.57 Td (2005, ) Tj ET Q q 0 0 0 rg BT 300.75 229.57 Td (File ) Tj ET Q q 0 0 0 rg BT 318.81 229.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 336.03 229.57 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 (106) 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\(v\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 142.78 709.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.73 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.33 709.57 Td (Capital ) Tj ET Q q 0 0 0 rg BT 208.49 709.57 Td (Ef) Tj ET Q q 0 0 0 rg BT 217.75 709.57 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 252.23 709.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 305.59 709.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 330.14 709.57 Td (A) Tj ET Q q 0 0 0 rg BT 336.44 709.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 358.71 709.57 Td (under ) Tj ET Q q 0 0 0 rg BT 383.75 709.57 Td (the ) Tj ET Q q 0 0 0 rg BT 398.25 709.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 420.53 709.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 459.47 709.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 484.53 709.57 Td (and ) Tj ET Q q 0 0 0 rg BT 501.25 709.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 540.73 709.57 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 134.98 699.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 172.79 699.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 216.70 699.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 234.79 699.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 291.47 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 304.28 699.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 344.28 699.57 Td (to ) Tj ET Q q 0 0 0 rg BT 354.88 699.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 387.14 699.57 Td (10\(g\) ) Tj ET Q q 0 0 0 rg BT 411.62 699.57 Td (of ) Tj ET Q q 0 0 0 rg BT 422.77 699.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 447.25 699.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 470.62 699.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 491.76 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 504.58 699.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.62 699.57 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 (6, ) Tj ET Q q 0 0 0 rg BT 163.83 689.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 188.83 689.57 Td (File ) Tj ET Q q 0 0 0 rg BT 206.89 689.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 224.11 689.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.57 Td (10\(w\)**) 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 143.18 664.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.53 664.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.54 664.57 Td (Capital ) Tj ET Q q 0 0 0 rg BT 210.10 664.57 Td (Ef) Tj ET Q q 0 0 0 rg BT 219.36 664.57 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 254.24 664.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 308.00 664.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 332.86 664.57 Td (A) Tj ET Q q 0 0 0 rg BT 339.16 664.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 361.83 664.57 Td (for ) Tj ET Q q 0 0 0 rg BT 376.17 664.57 Td (Phil ) Tj ET Q q 0 0 0 rg BT 394.97 664.57 Td (R) Tj ET Q q 0 0 0 rg BT 401.24 664.57 Td (ykhoek ) Tj ET Q q 0 0 0 rg BT 433.36 664.57 Td (under ) Tj ET Q q 0 0 0 rg BT 458.81 664.57 Td (the ) Tj ET Q q 0 0 0 rg BT 473.70 664.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 496.38 664.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 535.73 664.57 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (and ) Tj ET Q q 0 0 0 rg BT 137.24 654.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 176.74 654.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 196.81 654.57 Td (for ) Tj ET Q q 0 0 0 rg BT 210.77 654.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 248.06 654.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 291.45 654.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 309.02 654.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 365.18 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 377.48 654.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 416.96 654.57 Td (to ) Tj ET Q q 0 0 0 rg BT 427.03 654.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 458.77 654.57 Td (10\(h\) ) Tj ET Q q 0 0 0 rg BT 482.73 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 493.36 654.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 517.32 654.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 540.17 654.57 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 644.57 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 644.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.10 644.57 Td (on ) Tj ET Q q 0 0 0 rg BT 201.60 644.57 Td (May ) Tj ET Q q 0 0 0 rg BT 222.43 644.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 232.43 644.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 257.43 644.57 Td (File ) Tj ET Q q 0 0 0 rg BT 275.49 644.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 292.71 644.57 Td (001-12935\).) 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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 52.50 574.57 Td (10\(y\)**) 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 142.72 574.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.60 574.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.15 574.57 Td (Growth ) Tj ET Q q 0 0 0 rg BT 209.92 574.57 Td (and ) Tj ET Q q 0 0 0 rg BT 226.57 574.57 Td (Income ) Tj ET Q q 0 0 0 rg BT 258.77 574.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 312.07 574.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 336.57 574.57 Td (A) Tj ET Q q 0 0 0 rg BT 342.87 574.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 365.08 574.57 Td (for ) Tj ET Q q 0 0 0 rg BT 378.95 574.57 Td (Phil ) Tj ET Q q 0 0 0 rg BT 397.29 574.57 Td (R) Tj ET Q q 0 0 0 rg BT 403.55 574.57 Td (ykhoek ) Tj ET Q q 0 0 0 rg BT 435.21 574.57 Td (under ) Tj ET Q q 0 0 0 rg BT 460.19 574.57 Td (the ) Tj ET Q q 0 0 0 rg BT 474.63 574.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 496.84 574.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 535.73 574.57 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 564.57 Td (and ) Tj ET Q q 0 0 0 rg BT 137.38 564.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 177.01 564.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 197.23 564.57 Td (for ) Tj ET Q q 0 0 0 rg BT 211.33 564.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 248.75 564.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 292.29 564.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 309.99 564.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 366.29 564.57 Td (by ) Tj ET Q q 0 0 0 rg BT 378.73 564.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 418.35 564.57 Td (to ) Tj ET Q q 0 0 0 rg BT 428.56 564.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 460.44 564.57 Td (10\(j\) ) Tj ET Q q 0 0 0 rg BT 482.32 564.57 Td (of ) Tj ET Q q 0 0 0 rg BT 493.08 564.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 517.19 564.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 540.18 564.57 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 554.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 554.57 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 554.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.10 554.57 Td (on ) Tj ET Q q 0 0 0 rg BT 201.60 554.57 Td (May ) Tj ET Q q 0 0 0 rg BT 222.43 554.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 232.43 554.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 257.43 554.57 Td (File ) Tj ET Q q 0 0 0 rg BT 275.49 554.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 292.71 554.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.57 Td (10\(z\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 529.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 142.66 529.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.49 529.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.83 529.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 197.33 529.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 250.10 529.57 Td (A) Tj ET Q q 0 0 0 rg BT 256.40 529.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 308.55 529.57 Td (under ) Tj ET Q q 0 0 0 rg BT 333.48 529.57 Td (the ) Tj ET Q q 0 0 0 rg BT 347.86 529.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 370.02 529.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 408.86 529.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 433.80 529.57 Td (and ) Tj ET Q q 0 0 0 rg BT 450.40 529.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 489.76 529.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.70 529.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 529.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 519.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.49 519.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.64 519.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.39 519.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.28 519.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.35 519.57 Td (to ) Tj ET Q q 0 0 0 rg BT 297.01 519.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.34 519.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 351.33 519.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.55 519.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.10 519.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.54 519.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.76 519.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.64 519.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.75 519.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.52 519.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.41 519.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.63 519.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.01 519.57 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 509.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 509.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 509.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 484.57 Td (10\(aa\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 484.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.11 484.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.40 484.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.16 484.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 199.11 484.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 252.23 484.57 Td (A) Tj ET Q q 0 0 0 rg BT 258.54 484.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 304.47 484.57 Td (under ) Tj ET Q q 0 0 0 rg BT 329.85 484.57 Td (the ) Tj ET Q q 0 0 0 rg BT 344.69 484.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 367.30 484.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 406.58 484.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 431.98 484.57 Td (and ) Tj ET Q q 0 0 0 rg BT 449.03 484.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 488.85 484.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.24 484.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 484.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 474.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.45 474.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.58 474.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.30 474.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.15 474.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.19 474.57 Td (to ) Tj ET Q q 0 0 0 rg BT 296.82 474.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.12 474.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 351.64 474.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.82 474.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.35 474.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.76 474.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.94 474.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.79 474.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.86 474.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.61 474.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.46 474.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.65 474.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.00 474.57 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 464.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 464.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 464.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 439.57 Td (10\(bb\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 439.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.49 439.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.16 439.57 Td (of ) Tj ET Q q 0 0 0 rg BT 179.48 439.57 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 226.35 439.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 279.77 439.57 Td (A) Tj ET Q q 0 0 0 rg BT 286.07 439.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 339.05 439.57 Td (under ) Tj ET Q q 0 0 0 rg BT 364.81 439.57 Td (the ) Tj ET Q q 0 0 0 rg BT 380.02 439.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 403.02 439.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 442.68 439.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 468.45 439.57 Td (and ) Tj ET Q q 0 0 0 rg BT 485.88 439.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 526.08 439.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 439.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 429.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.75 429.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 201.11 429.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 218.64 429.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 274.77 429.57 Td (by ) Tj ET Q q 0 0 0 rg BT 287.03 429.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 326.48 429.57 Td (to ) Tj ET Q q 0 0 0 rg BT 336.52 429.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 368.22 429.57 Td (10\(mm\) ) Tj ET Q q 0 0 0 rg BT 402.70 429.57 Td (of ) Tj ET Q q 0 0 0 rg BT 413.29 429.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 437.23 429.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 460.04 429.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 480.63 429.57 Td (by ) Tj ET Q q 0 0 0 rg BT 492.89 429.57 Td (the ) Tj ET Q q 0 0 0 rg BT 507.37 429.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.52 429.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 419.57 Td (March ) Tj ET Q q 0 0 0 rg BT 149.10 419.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 159.10 419.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 184.10 419.57 Td (File ) Tj ET Q q 0 0 0 rg BT 202.16 419.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 219.38 419.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 394.57 Td (10\(cc\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 394.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.98 394.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 169.12 394.57 Td (of ) Tj ET Q q 0 0 0 rg BT 180.93 394.57 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 228.29 394.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 282.08 394.57 Td (A) Tj ET Q q 0 0 0 rg BT 288.39 394.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 335.18 394.57 Td (under ) Tj ET Q q 0 0 0 rg BT 361.43 394.57 Td (the ) Tj ET Q q 0 0 0 rg BT 377.12 394.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 400.60 394.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 440.74 394.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 467.00 394.57 Td (and ) Tj ET Q q 0 0 0 rg BT 484.91 394.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 525.59 394.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 394.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 384.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.10 384.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 201.81 384.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 219.68 384.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 276.16 384.57 Td (by ) Tj ET Q q 0 0 0 rg BT 288.76 384.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 328.56 384.57 Td (to ) Tj ET Q q 0 0 0 rg BT 338.94 384.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 371.00 384.57 Td (10\(nn\) ) Tj ET Q q 0 0 0 rg BT 400.26 384.57 Td (of ) Tj ET Q q 0 0 0 rg BT 411.20 384.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 435.48 384.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 458.64 384.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 479.58 384.57 Td (by ) Tj ET Q q 0 0 0 rg BT 492.19 384.57 Td (the ) Tj ET Q q 0 0 0 rg BT 507.01 384.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 384.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 374.57 Td (March ) Tj ET Q q 0 0 0 rg BT 149.10 374.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 159.10 374.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 184.10 374.57 Td (File ) Tj ET Q q 0 0 0 rg BT 202.16 374.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 219.38 374.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 349.57 Td (10\(dd\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 349.57 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.58 349.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.34 349.57 Td (of ) Tj ET Q q 0 0 0 rg BT 179.75 349.57 Td (Oil ) Tj ET Q q 0 0 0 rg BT 195.62 349.57 Td (Price ) Tj ET Q q 0 0 0 rg BT 219.25 349.57 Td (Change ) Tj ET Q q 0 0 0 rg BT 252.88 349.57 Td (vs. ) Tj ET Q q 0 0 0 rg BT 267.14 349.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 288.56 349.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 342.05 349.57 Td (A) Tj ET Q q 0 0 0 rg BT 348.35 349.57 Td (ward, ) Tj ET Q q 0 0 0 rg BT 373.93 349.57 Td (under ) Tj ET Q q 0 0 0 rg BT 399.78 349.57 Td (the ) Tj ET Q q 0 0 0 rg BT 415.08 349.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 438.17 349.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 477.92 349.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 503.79 349.57 Td (and ) Tj ET Q q 0 0 0 rg BT 521.31 349.57 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 339.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 139.92 339.57 Td (for ) Tj ET Q q 0 0 0 rg BT 153.22 339.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 189.85 339.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 232.59 339.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 249.49 339.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 305.00 339.57 Td (by ) Tj ET Q q 0 0 0 rg BT 316.64 339.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 355.46 339.57 Td (to ) Tj ET Q q 0 0 0 rg BT 364.88 339.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 395.96 339.57 Td (10\(e\) ) Tj ET Q q 0 0 0 rg BT 418.70 339.57 Td (of ) Tj ET Q q 0 0 0 rg BT 428.67 339.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 451.98 339.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 474.17 339.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 494.13 339.57 Td (by ) Tj ET Q q 0 0 0 rg BT 505.77 339.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.63 339.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 329.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 329.57 Td (May ) Tj ET Q q 0 0 0 rg BT 153.83 329.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 163.83 329.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 188.83 329.57 Td (File ) Tj ET Q q 0 0 0 rg BT 206.89 329.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 224.11 329.57 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 (107) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 718 m 114 718 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 718 m 562 718 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 722.68 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 722.68 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 708.57 Td (10\(jj\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 708.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 142.66 708.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.49 708.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.83 708.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 197.33 708.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 250.10 708.57 Td (A) Tj ET Q q 0 0 0 rg BT 256.40 708.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 308.55 708.57 Td (under ) Tj ET Q q 0 0 0 rg BT 333.48 708.57 Td (the ) Tj ET Q q 0 0 0 rg BT 347.86 708.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 370.02 708.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 408.86 708.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 433.80 708.57 Td (and ) Tj ET Q q 0 0 0 rg BT 450.40 708.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 489.76 708.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.70 708.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 708.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 698.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.49 698.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.64 698.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.39 698.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.28 698.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.35 698.57 Td (to ) Tj ET Q q 0 0 0 rg BT 297.01 698.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.34 698.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 351.33 698.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.55 698.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.10 698.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.54 698.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.76 698.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.64 698.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.75 698.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.52 698.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.41 698.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.63 698.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 536.01 698.57 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 688.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 688.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 688.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 663.57 Td (10\(kk\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 663.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 143.11 663.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.40 663.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.16 663.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 199.11 663.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 252.23 663.57 Td (A) Tj ET Q q 0 0 0 rg BT 258.54 663.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 304.47 663.57 Td (under ) Tj ET Q q 0 0 0 rg BT 329.85 663.57 Td (the ) Tj ET Q q 0 0 0 rg BT 344.69 663.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 367.30 663.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 406.58 663.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 431.98 663.57 Td (and ) Tj ET Q q 0 0 0 rg BT 449.03 663.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 488.85 663.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 509.24 663.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 663.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 653.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.45 653.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.58 653.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.30 653.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.15 653.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.19 653.57 Td (to ) Tj ET Q q 0 0 0 rg BT 296.82 653.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.12 653.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 351.64 653.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.82 653.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.35 653.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.76 653.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.94 653.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.79 653.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.86 653.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.61 653.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.46 653.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.65 653.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 536.00 653.57 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 643.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 643.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 643.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 618.57 Td (10\(ll\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 618.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 143.49 618.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.16 618.57 Td (of ) Tj ET Q q 0 0 0 rg BT 179.48 618.57 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 226.35 618.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 279.77 618.57 Td (A) Tj ET Q q 0 0 0 rg BT 286.07 618.57 Td (ward-Equity ) Tj ET Q q 0 0 0 rg BT 339.05 618.57 Td (under ) Tj ET Q q 0 0 0 rg BT 364.81 618.57 Td (the ) Tj ET Q q 0 0 0 rg BT 380.02 618.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 403.02 618.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 442.68 618.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 468.45 618.57 Td (and ) Tj ET Q q 0 0 0 rg BT 485.88 618.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 526.08 618.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 618.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 608.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.45 608.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 202.50 608.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 220.73 608.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 277.55 608.57 Td (by ) Tj ET Q q 0 0 0 rg BT 290.50 608.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 330.64 608.57 Td (to ) Tj ET Q q 0 0 0 rg BT 341.38 608.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 373.78 608.57 Td (10\(c\) ) Tj ET Q q 0 0 0 rg BT 397.83 608.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.12 608.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 433.74 608.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 457.25 608.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 478.53 608.57 Td (by ) Tj ET Q q 0 0 0 rg BT 491.49 608.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.66 608.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 608.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 598.57 Td (May ) Tj ET Q q 0 0 0 rg BT 141.33 598.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 151.33 598.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 176.33 598.57 Td (File ) Tj ET Q q 0 0 0 rg BT 194.39 598.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 211.61 598.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 573.57 Td (10\(mm\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 573.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 143.98 573.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 169.12 573.57 Td (of ) Tj ET Q q 0 0 0 rg BT 180.93 573.57 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 228.29 573.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 282.08 573.57 Td (A) Tj ET Q q 0 0 0 rg BT 288.39 573.57 Td (ward-Cash ) Tj ET Q q 0 0 0 rg BT 335.18 573.57 Td (under ) Tj ET Q q 0 0 0 rg BT 361.43 573.57 Td (the ) Tj ET Q q 0 0 0 rg BT 377.12 573.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 400.60 573.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 440.74 573.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 467.00 573.57 Td (and ) Tj ET Q q 0 0 0 rg BT 484.91 573.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 525.59 573.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 573.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 563.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.41 563.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 202.43 563.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 220.62 563.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 277.41 563.57 Td (by ) Tj ET Q q 0 0 0 rg BT 290.33 563.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 330.43 563.57 Td (to ) Tj ET Q q 0 0 0 rg BT 341.13 563.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 373.50 563.57 Td (10\(d\) ) Tj ET Q q 0 0 0 rg BT 398.08 563.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.33 563.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 433.92 563.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 457.39 563.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 478.64 563.57 Td (by ) Tj ET Q q 0 0 0 rg BT 491.56 563.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.70 563.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 563.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 553.57 Td (May ) Tj ET Q q 0 0 0 rg BT 141.33 553.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 151.33 553.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 176.33 553.57 Td (File ) Tj ET Q q 0 0 0 rg BT 194.39 553.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 211.61 553.57 Td (001-12935\).) 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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 52.50 483.57 Td (10\(oo\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 483.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 143.20 483.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.57 483.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.60 483.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 221.84 483.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 246.72 483.57 Td (A) Tj ET Q q 0 0 0 rg BT 253.02 483.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 275.71 483.57 Td (to ) Tj ET Q q 0 0 0 rg BT 286.19 483.57 Td (of) Tj ET Q q 0 0 0 rg BT 294.34 483.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 319.25 483.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 356.38 483.57 Td (to ) Tj ET Q q 0 0 0 rg BT 366.86 483.57 Td (the ) Tj ET Q q 0 0 0 rg BT 381.78 483.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 404.48 483.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 443.85 483.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 469.33 483.57 Td (and ) Tj ET Q q 0 0 0 rg BT 486.47 483.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 526.37 483.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.85 483.57 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 473.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 158.41 473.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 202.43 473.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 220.62 473.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 277.41 473.57 Td (by ) Tj ET Q q 0 0 0 rg BT 290.33 473.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 330.43 473.57 Td (to ) Tj ET Q q 0 0 0 rg BT 341.13 473.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 373.50 473.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 398.08 473.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.33 473.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 433.92 473.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 457.39 473.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 478.64 473.57 Td (by ) Tj ET Q q 0 0 0 rg BT 491.56 473.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.70 473.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 473.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 463.57 Td (August ) Tj ET Q q 0 0 0 rg BT 151.89 463.57 Td (8, ) Tj ET Q q 0 0 0 rg BT 161.89 463.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 186.89 463.57 Td (File ) Tj ET Q q 0 0 0 rg BT 204.95 463.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 222.17 463.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 438.57 Td (10\(pp\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 438.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 143.89 438.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.95 438.57 Td (of ) Tj ET Q q 0 0 0 rg BT 180.67 438.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 224.61 438.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 250.02 438.57 Td (A) Tj ET Q q 0 0 0 rg BT 256.32 438.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.70 438.57 Td (to ) Tj ET Q q 0 0 0 rg BT 290.87 438.57 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 351.47 438.57 Td (directors ) Tj ET Q q 0 0 0 rg BT 389.84 438.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 427.67 438.57 Td (to ) Tj ET Q q 0 0 0 rg BT 438.84 438.57 Td (the ) Tj ET Q q 0 0 0 rg BT 454.45 438.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 477.84 438.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 517.90 438.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 544.07 438.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 428.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 160.31 428.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 180.70 428.57 Td (for ) Tj ET Q q 0 0 0 rg BT 194.97 428.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 232.57 428.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 276.28 428.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 294.16 428.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 350.63 428.57 Td (by ) Tj ET Q q 0 0 0 rg BT 363.24 428.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 403.03 428.57 Td (to ) Tj ET Q q 0 0 0 rg BT 413.42 428.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 445.47 428.57 Td (10\(c\) ) Tj ET Q q 0 0 0 rg BT 469.18 428.57 Td (of ) Tj ET Q q 0 0 0 rg BT 480.12 428.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 504.40 428.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 527.56 428.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 548.50 428.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 418.57 Td (the ) Tj ET Q q 0 0 0 rg BT 135.22 418.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 176.60 418.57 Td (on ) Tj ET Q q 0 0 0 rg BT 188.55 418.57 Td (August ) Tj ET Q q 0 0 0 rg BT 219.94 418.57 Td (8, ) Tj ET Q q 0 0 0 rg BT 229.94 418.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 254.94 418.57 Td (File ) Tj ET Q q 0 0 0 rg BT 273.00 418.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 290.22 418.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 393.57 Td (10\(qq\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 393.57 Td (Of) Tj ET Q q 0 0 0 rg BT 130.87 393.57 Td (ficer ) Tj ET Q q 0 0 0 rg BT 151.60 393.57 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 197.91 393.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 247.25 393.57 Td (by ) Tj ET Q q 0 0 0 rg BT 259.66 393.57 Td (and ) Tj ET Q q 0 0 0 rg BT 276.51 393.57 Td (between ) Tj ET Q q 0 0 0 rg BT 312.24 393.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 349.65 393.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 393.16 393.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 410.84 393.57 Td (and ) Tj ET Q q 0 0 0 rg BT 427.69 393.57 Td (Phil ) Tj ET Q q 0 0 0 rg BT 446.22 393.57 Td (R) Tj ET Q q 0 0 0 rg BT 452.49 393.57 Td (ykhoek, ) Tj ET Q q 0 0 0 rg BT 486.85 393.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 510.91 393.57 Td (as ) Tj ET Q q 0 0 0 rg BT 521.66 393.57 Td (of ) Tj ET Q q 0 0 0 rg BT 532.40 393.57 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 383.57 Td (21, ) Tj ET Q q 0 0 0 rg BT 135.28 383.57 Td (2017 ) Tj ET Q q 0 0 0 rg BT 157.57 383.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 213.71 383.57 Td (by ) Tj ET Q q 0 0 0 rg BT 225.99 383.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 265.46 383.57 Td (to ) Tj ET Q q 0 0 0 rg BT 275.52 383.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 307.25 383.57 Td (10\(f\) ) Tj ET Q q 0 0 0 rg BT 329.52 383.57 Td (of ) Tj ET Q q 0 0 0 rg BT 340.13 383.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 364.08 383.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 386.92 383.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 407.53 383.57 Td (by ) Tj ET Q q 0 0 0 rg BT 419.81 383.57 Td (the ) Tj ET Q q 0 0 0 rg BT 434.31 383.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 475.48 383.57 Td (on ) Tj ET Q q 0 0 0 rg BT 487.76 383.57 Td (May ) Tj ET Q q 0 0 0 rg BT 508.37 383.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 518.16 383.57 Td (2017, ) Tj ET Q q 0 0 0 rg BT 542.94 383.57 Td (File ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 373.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 137.72 373.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 348.57 Td (21*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 348.57 Td (List ) Tj ET Q q 0 0 0 rg BT 138.56 348.57 Td (of ) Tj ET Q q 0 0 0 rg BT 149.39 348.57 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 199.10 348.57 Td (of ) Tj ET Q q 0 0 0 rg BT 209.93 348.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 247.42 348.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 291.02 348.57 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 323.57 Td (23\(a\)*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 323.57 Td (Consent ) Tj ET Q q 0 0 0 rg BT 155.78 323.57 Td (of ) Tj ET Q q 0 0 0 rg BT 166.61 323.57 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 268.52 323.57 Td (LLP) Tj ET Q q 0 0 0 rg BT 285.19 323.57 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 298.57 Td (23\(b\)*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 298.57 Td (Consent ) Tj ET Q q 0 0 0 rg BT 155.78 298.57 Td (of ) Tj ET Q q 0 0 0 rg BT 166.61 298.57 Td (DeGolyer ) Tj ET Q q 0 0 0 rg BT 208.54 298.57 Td (and ) Tj ET Q q 0 0 0 rg BT 225.48 298.57 Td (MacNaughton.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 273.57 Td (31\(a\)*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 273.57 Td (Certification ) Tj ET Q q 0 0 0 rg BT 173.54 273.57 Td (of ) Tj ET Q q 0 0 0 rg BT 184.37 273.57 Td (Chief ) Tj ET Q q 0 0 0 rg BT 209.08 273.57 Td (Executive ) Tj ET Q q 0 0 0 rg BT 251.56 273.57 Td (Of) Tj ET Q q 0 0 0 rg BT 261.94 273.57 Td (ficer ) Tj ET Q q 0 0 0 rg BT 282.75 273.57 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 320.25 273.57 Td (to ) Tj ET Q q 0 0 0 rg BT 330.53 273.57 Td (Section ) Tj ET Q q 0 0 0 rg BT 363.02 273.57 Td (302 ) Tj ET Q q 0 0 0 rg BT 380.52 273.57 Td (of ) Tj ET Q q 0 0 0 rg BT 391.35 273.57 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 457.17 273.57 Td (Act ) Tj ET Q q 0 0 0 rg BT 474.11 273.57 Td (of ) Tj ET Q q 0 0 0 rg BT 484.94 273.57 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 248.57 Td (31\(b\)*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 248.57 Td (Certification ) Tj ET Q q 0 0 0 rg BT 173.54 248.57 Td (of ) Tj ET Q q 0 0 0 rg BT 184.37 248.57 Td (Chief ) Tj ET Q q 0 0 0 rg BT 209.08 248.57 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.80 248.57 Td (Of) Tj ET Q q 0 0 0 rg BT 259.17 248.57 Td (ficer ) Tj ET Q q 0 0 0 rg BT 279.98 248.57 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 317.48 248.57 Td (to ) Tj ET Q q 0 0 0 rg BT 327.76 248.57 Td (Section ) Tj ET Q q 0 0 0 rg BT 360.26 248.57 Td (302 ) Tj ET Q q 0 0 0 rg BT 377.76 248.57 Td (of ) Tj ET Q q 0 0 0 rg BT 388.59 248.57 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 454.40 248.57 Td (Act ) Tj ET Q q 0 0 0 rg BT 471.34 248.57 Td (of ) Tj ET Q q 0 0 0 rg BT 482.17 248.57 Td (2002.) 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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 49.50 151.50 Td (*Included ) Tj ET Q q 0 0 0 rg BT 99.49 151.50 Td (herewith.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.50 Td (** ) Tj ET Q q 0 0 0 rg BT 62.00 139.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 122.27 139.50 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 49.5 113.93505859375 m 179.197265625 113.93505859375 l s q 0 0 0 rg BT 49.50 115.50 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 115.50 Td (16. ) Tj ET Q q 0 0 0 rg BT 86.99 115.50 Td (Form ) Tj ET Q q 0 0 0 rg BT 113.37 115.50 Td (10-K ) Tj ET Q q 0 0 0 rg BT 136.98 115.50 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 91.50 Td (None.) 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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 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 (DENBUR) Tj ET Q q 0 0 0 rg BT 293.34 657.92 Td (Y) Tj ET Q q 0 0 0 rg BT 300.10 657.92 Td ( RESOURCES INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 639.82 Td (February 28, 2018) 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. ) Tj ET Q q 0 0 0 rg BT 299.73 638.92 Td (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 (Executive ) Tj ET Q q 0 0 0 rg BT 294.80 613.92 Td (V) Tj ET Q q 0 0 0 rg BT 301.42 613.92 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 447.03 613.92 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 595.82 Td (February 28, 2018) 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/ ) Tj ET Q q 0 0 0 rg BT 263.90 595.82 Td (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.) 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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 52.00 555.82 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 555.82 Td (Certification of Chief Executive Of) Tj ET Q q 0 0 0 rg BT 261.44 555.82 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 373.99 555.82 Td (ficer Pursuant to Section 906 of the Sarbanes-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 545.82 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 146.39 545.82 Td (Act of 2002.) 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 52.00 520.82 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 520.82 Td (The summary of DeGolyer and MacNaughton) Tj ET Q q 0 0 0 rg BT 307.45 520.82 Td (s Report as of December 31, 2017, on oil and gas reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 510.82 Td (\(SEC Case\) dated January 31, 2018.) 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(Form ) Tj ET Q q 0 0 0 rg BT 421.14 644.25 Td (10-K.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (5320 ) Tj ET Q q 0 0 0 rg BT 72.00 620.25 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 103.92 620.25 Td (Drive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 77.10 608.25 Td (T) Tj ET Q q 0 0 0 rg BT 82.51 608.25 Td (exas ) Tj ET Q q 0 0 0 rg BT 102.78 608.25 Td (75024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (Ladies ) Tj ET Q q 0 0 0 rg BT 78.66 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.59 584.25 Td (Gentlemen:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 560.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 560.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.94 560.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 112.51 560.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 145.42 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.56 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.14 560.25 Td (use ) Tj ET Q q 0 0 0 rg BT 185.83 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.52 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.10 560.25 Td (name 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269.79 536.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.73 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.68 536.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 350.38 536.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 372.99 536.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.60 536.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 424.32 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.37 536.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 478.97 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.91 536.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 521.96 536.25 Td (Properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 78.50 524.25 Td (by ) Tj ET Q q 0 0 0 rg BT 90.83 524.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 128.16 524.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 171.59 524.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 189.19 524.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 209.87 524.25 Td (Case, ) Tj ET Q q 0 0 0 rg BT 238.58 524.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 272.57 524.25 Td (as ) Tj ET Q q 0 0 0 rg BT 283.24 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.90 524.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 352.32 524.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 374.66 524.25 Td (on ) Tj ET Q q 0 0 0 rg BT 386.99 524.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 425.43 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.20 524.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 479.52 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.19 524.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 521.96 524.25 Td (Properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 77.61 512.25 Td (by ) Tj ET Q q 0 0 0 rg BT 89.07 512.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 125.51 512.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 168.06 512.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 184.78 512.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 204.57 512.25 Td (Case, ) Tj ET Q q 0 0 0 rg BT 232.40 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.29 512.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 281.40 512.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.18 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 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(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 (February 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 167.42 Td (/s/ Christian S. Kendall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 152.42 Td (Christian S. Kendall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 137.42 Td (Director) Tj ET Q q 0 0 0 rg BT 371.92 137.42 Td (, President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 511.14 137.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 231 0 obj <> endobj 232 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 (February 28, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 167.42 Td (/s/ Mark C. ) Tj ET Q q 0 0 0 rg BT 386.50 167.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 152.42 Td (Mark C. ) Tj ET Q q 0 0 0 rg BT 374.55 152.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 137.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 381.30 137.42 Td (V) Tj ET Q q 0 0 0 rg BT 387.92 137.42 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 519.09 137.42 Td (ficer) Tj ET Q q 0 0 0 rg BT 537.01 137.42 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 127.42 Td (T) Tj ET Q q 0 0 0 rg BT 344.76 127.42 Td (reasurer) Tj ET Q q 0 0 0 rg BT 376.55 127.42 Td (, and ) Tj ET Q q 0 0 0 rg BT 397.94 127.42 Td (Assistant Secretary) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 233 0 obj <> endobj 234 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.30 740.25 Td (Exhibit 32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.00 716.25 Td (Certification of Chief Executive Officer) Tj ET Q q 0 0 0 rg BT 330.09 716.25 Td ( and Chief Financial Officer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.70 704.25 Td (Pursuant to Section 906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 381.98 704.25 Td (Act of 2002) 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 59.63 680.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 105.31 680.25 Td (with ) Tj ET Q q 0 0 0 rg BT 124.89 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.91 680.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 198.63 680.25 Td (Annual ) 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 (2017) 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 78.00 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.37 656.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 122.71 656.25 Td (, ) Tj ET Q q 0 0 0 rg BT 127.24 656.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 156.49 656.25 Td (certifies ) Tj ET Q q 0 0 0 rg BT 190.73 656.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 227.20 656.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.01 656.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 249.05 656.25 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 278.04 656.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 310.07 656.25 Td (1350, ) Tj ET Q q 0 0 0 rg BT 334.61 656.25 Td (as ) Tj ET Q q 0 0 0 rg BT 344.97 656.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 378.67 656.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 415.14 656.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.95 656.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 456.99 656.25 Td (906 ) Tj ET Q q 0 0 0 rg BT 474.02 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.39 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.64 656.25 Td (Sarbanes-Oxley ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.44 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.27 644.25 Td (2002, ) Tj ET Q q 0 0 0 rg BT 102.27 644.25 Td (that ) Tj ET Q q 0 0 0 rg BT 119.76 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.04 644.25 Td (his ) Tj ET Q q 0 0 0 rg BT 144.21 644.25 Td (knowledge:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 620.25 Td (The 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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 (February 28, 2018) 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/ Christian S. Kendall) 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 (Christian S. Kendall) 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 (Director) Tj ET Q q 0 0 0 rg BT 372.12 509.42 Td (, President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 511.23 509.42 Td (ficer) 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 (February 28, 2018) 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. ) Tj ET Q q 0 0 0 rg BT 386.50 464.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 449.42 Td (Mark C. ) Tj ET Q q 0 0 0 rg BT 374.55 449.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 434.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 381.30 434.42 Td (V) Tj ET Q q 0 0 0 rg BT 387.92 434.42 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 519.09 434.42 Td (ficer) Tj ET Q q 0 0 0 rg BT 537.01 434.42 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 424.42 Td (T) Tj ET Q q 0 0 0 rg BT 344.76 424.42 Td (reasurer) Tj ET Q q 0 0 0 rg BT 376.55 424.42 Td (, and ) Tj ET Q q 0 0 0 rg BT 397.94 424.42 Td (Assistant Secretary) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 235 0 obj <> endobj 236 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.30 740.25 Td (Exhibit 99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.40 716.25 Td (DeGolyer) Tj ET Q q 0 0 0 rg BT 285.31 716.25 Td ( and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 704.25 Td (5001 Spring ) Tj ET Q q 0 0 0 rg BT 307.14 704.25 Td (V) Tj ET Q q 0 0 0 rg BT 313.25 704.25 Td (alley Road) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 692.25 Td (Suite 800 East) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.45 680.25 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 295.82 680.25 Td (T) Tj ET Q q 0 0 0 rg BT 301.23 680.25 Td (exas 75244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.70 656.25 Td (January 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (5320 Legacy Drive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 77.10 608.25 Td (T) Tj ET Q q 0 0 0 rg BT 82.51 608.25 Td (exas 75024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (Ladies and Gentlemen:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 123.26 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.80 560.25 Td (your ) Tj ET Q q 0 0 0 rg BT 154.89 560.25 Td (request, ) Tj ET Q q 0 0 0 rg BT 189.03 560.25 Td (we ) Tj ET Q q 0 0 0 rg BT 203.45 560.25 Td (have ) Tj ET Q q 0 0 0 rg BT 225.08 560.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 262.82 560.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 302.79 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.88 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.86 560.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 356.05 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.25 560.25 Td (value ) Tj ET Q q 0 0 0 rg BT 397.67 560.25 Td 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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 (Securities ) Tj ET Q q 0 0 0 rg BT 90.71 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.93 476.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 148.13 476.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 200.47 476.25 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 227.25 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.36 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.35 476.25 Td (United ) Tj ET Q q 0 0 0 rg BT 280.34 476.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 308.38 476.25 Td (This ) Tj ET Q q 0 0 0 rg BT 327.94 476.25 Td (report ) Tj ET Q q 0 0 0 rg BT 353.59 476.25 Td (was ) Tj ET Q q 0 0 0 rg BT 370.92 476.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 407.67 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.23 476.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 463.97 476.25 Td (with ) Tj ET Q q 0 0 0 rg BT 483.52 476.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 526.40 476.25 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 464.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 80.60 464.25 Td (1202\(a\)\(8\) ) Tj ET Q q 0 0 0 rg BT 125.86 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.69 464.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 183.07 464.25 Td (S-K ) Tj ET Q q 0 0 0 rg BT 201.69 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.63 464.25 Td (is ) Tj ET Q q 0 0 0 rg BT 227.80 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.07 464.25 Td (be ) Tj ET Q q 0 0 0 rg BT 250.01 464.25 Td (used ) Tj ET Q q 0 0 0 rg BT 270.84 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 285.00 464.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 324.17 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.45 464.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 364.15 464.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 384.99 464.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 413.04 464.25 Td (by ) Tj ET Q q 0 0 0 rg BT 425.54 464.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 459.89 464.25 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 122.86 404.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 161.33 404.25 Td (included ) Tj ET Q q 0 0 0 rg BT 197.02 404.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 223.26 404.25 Td (are ) Tj ET Q q 0 0 0 rg BT 236.72 404.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 277.41 404.25 Td (as ) Tj ET Q q 0 0 0 rg BT 287.00 404.25 Td (net ) Tj ET Q q 0 0 0 rg BT 300.47 404.25 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 336.99 404.25 Td (Gross ) Tj ET Q q 0 0 0 rg BT 361.58 404.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 395.60 404.25 Td (are ) Tj ET Q q 0 0 0 rg BT 409.06 404.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 440.30 404.25 Td (as ) Tj ET Q q 0 0 0 rg BT 449.89 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.36 404.25 Td (total ) Tj ET Q q 0 0 0 rg BT 482.39 404.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 521.97 404.25 Td (petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (remaining ) 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 (2017. ) 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 (reserves ) Tj ET Q q 0 0 0 rg BT 84.76 380.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 132.80 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.07 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.79 380.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 193.62 380.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 222.78 380.25 Td (by ) Tj ET Q q 0 0 0 rg BT 235.28 380.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 272.77 380.25 Td (after ) Tj ET Q q 0 0 0 rg BT 293.58 380.25 Td (deducting ) Tj ET Q q 0 0 0 rg BT 335.52 380.25 Td (all ) Tj ET Q q 0 0 0 rg BT 348.01 380.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 383.84 380.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 413.00 380.25 Td (by ) Tj ET Q q 0 0 0 rg BT 425.50 380.25 Td (others.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 356.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 127.00 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.95 356.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 153.63 356.25 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 203.17 356.25 Td (NGL, ) Tj ET Q q 0 0 0 rg BT 228.84 356.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 247.29 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.35 356.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 294.18 356.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 326.79 356.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 362.17 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.23 356.25 Td (future ) Tj ET Q q 0 0 0 rg BT 405.72 356.25 Td (net ) Tj ET Q q 0 0 0 rg BT 420.56 356.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 454.83 356.25 Td (should ) Tj ET Q q 0 0 0 rg BT 484.12 356.25 Td (be ) Tj ET Q q 0 0 0 rg BT 496.17 356.25 Td (regarded ) Tj ET Q q 0 0 0 rg BT 533.77 356.25 Td (only ) Tj ET Q q 0 0 0 rg BT 554.17 356.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.14 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 106.56 344.25 Td (may ) Tj ET Q q 0 0 0 rg BT 126.20 344.25 Td (change ) Tj ET Q q 0 0 0 rg BT 156.94 344.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.70 344.25 Td (further ) Tj ET Q q 0 0 0 rg BT 197.33 344.25 Td (production ) Tj ET Q q 0 0 0 rg BT 243.08 344.25 Td (history ) Tj ET Q q 0 0 0 rg BT 273.29 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.15 344.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 332.57 344.25 Td (information ) Tj ET Q q 0 0 0 rg BT 382.20 344.25 Td (become ) Tj ET Q q 0 0 0 rg BT 415.72 344.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 456.74 344.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 474.16 344.25 Td (only ) Tj ET Q q 0 0 0 rg BT 494.37 344.25 Td (are ) Tj ET Q q 0 0 0 rg BT 509.00 344.25 Td (such ) Tj ET Q q 0 0 0 rg BT 529.76 344.25 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.67 332.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 99.05 332.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 137.99 332.25 Td (based ) Tj ET Q q 0 0 0 rg BT 162.49 332.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.22 332.25 Td (that ) Tj ET Q q 0 0 0 rg BT 190.95 332.25 Td (information ) Tj ET Q q 0 0 0 rg BT 239.89 332.25 Td (which ) Tj ET Q q 0 0 0 rg BT 266.06 332.25 Td (is ) Tj ET Q q 0 0 0 rg BT 274.46 332.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 312.28 332.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 352.60 332.25 Td (but ) Tj ET Q q 0 0 0 rg BT 367.11 332.25 Td (such ) Tj ET Q q 0 0 0 rg BT 387.17 332.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 426.12 332.25 Td (are ) Tj ET Q q 0 0 0 rg BT 440.05 332.25 Td (also ) Tj ET Q q 0 0 0 rg BT 457.89 332.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 487.95 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.46 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.41 332.25 Td (uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 84.76 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.04 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.76 320.25 Td (application ) Tj ET Q q 0 0 0 rg BT 156.69 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.52 320.25 Td (judgmental ) Tj ET Q q 0 0 0 rg BT 215.01 320.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 244.71 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.99 320.25 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 304.14 320.25 Td (such ) Tj ET Q q 0 0 0 rg BT 324.97 320.25 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 296.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 106.99 296.25 Td (used ) Tj ET Q q 0 0 0 rg BT 127.93 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.31 296.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.37 296.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 199.63 296.25 Td (were ) Tj ET Q q 0 0 0 rg BT 221.67 296.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 258.72 296.25 Td (from ) Tj ET Q q 0 0 0 rg BT 280.76 296.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 314.47 296.25 Td (with ) Tj ET Q q 0 0 0 rg BT 334.86 296.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 372.46 296.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 416.45 296.25 Td (from ) Tj ET Q q 0 0 0 rg BT 438.50 296.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 476.10 296.25 Td (files, ) Tj ET Q q 0 0 0 rg BT 498.42 296.25 Td (from ) Tj ET Q q 0 0 0 rg BT 520.47 296.25 Td (records ) Tj ET Q q 0 0 0 rg BT 552.51 296.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (file ) Tj ET Q q 0 0 0 rg BT 65.76 284.25 Td (with ) Tj ET Q q 0 0 0 rg BT 86.47 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.61 284.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 150.08 284.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 194.10 284.25 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 233.96 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.33 284.25 Td (from ) Tj ET Q q 0 0 0 rg BT 273.70 284.25 Td (public ) Tj ET Q q 0 0 0 rg BT 301.62 284.25 Td (sources. ) Tj ET Q q 0 0 0 rg BT 337.04 284.25 Td (In ) Tj ET Q q 0 0 0 rg BT 348.31 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.45 284.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 411.92 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.18 284.25 Td (this ) Tj ET Q q 0 0 0 rg BT 440.56 284.25 Td (report ) Tj ET Q q 0 0 0 rg BT 467.37 284.25 Td (we ) Tj ET Q q 0 0 0 rg BT 481.96 284.25 Td (have ) Tj ET Q q 0 0 0 rg BT 503.76 284.25 Td (relied, ) Tj ET Q q 0 0 0 rg BT 531.96 284.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 101.21 272.25 Td (verification, ) Tj ET Q q 0 0 0 rg BT 152.64 272.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 175.48 272.25 Td (such ) Tj ET Q q 0 0 0 rg BT 196.64 272.25 Td (information ) Tj ET Q q 0 0 0 rg BT 246.69 272.25 Td (furnished ) Tj ET Q q 0 0 0 rg BT 287.30 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 300.14 272.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 337.97 272.25 Td (with ) Tj ET Q q 0 0 0 rg BT 358.59 272.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 389.74 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.36 272.25 Td (property ) Tj ET Q q 0 0 0 rg BT 437.07 272.25 Td (interests, ) Tj ET Q q 0 0 0 rg BT 475.73 272.25 Td (production ) Tj ET Q q 0 0 0 rg BT 521.90 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 544.18 272.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 94.95 260.25 Td (current ) Tj ET Q q 0 0 0 rg BT 126.22 260.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.18 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 260.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 201.20 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.60 260.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 275.71 260.25 Td (current ) Tj ET Q q 0 0 0 rg BT 306.98 260.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 333.82 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 348.44 260.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 397.23 260.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 445.72 260.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 479.22 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.96 260.25 Td (current ) Tj ET Q q 0 0 0 rg BT 521.24 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.63 260.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.62 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.52 248.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 128.52 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.31 248.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 187.60 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.50 248.25 Td (various ) Tj ET Q q 0 0 0 rg BT 236.40 248.25 Td (other ) Tj ET Q q 0 0 0 rg BT 259.41 248.25 Td (information ) Tj ET Q q 0 0 0 rg BT 309.08 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.98 248.25 Td (data ) Tj ET Q q 0 0 0 rg BT 345.10 248.25 Td (that ) Tj ET Q q 0 0 0 rg BT 362.55 248.25 Td (were ) Tj ET Q q 0 0 0 rg BT 384.44 248.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 421.87 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 432.66 248.25 Td (represented. ) Tj ET Q q 0 0 0 rg BT 483.17 248.25 Td (A) Tj ET Q q 0 0 0 rg BT 489.84 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.30 248.25 Td (field ) Tj ET Q q 0 0 0 rg BT 513.08 248.25 Td (examination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 236.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 117.53 236.25 Td (was ) Tj ET Q q 0 0 0 rg BT 135.58 236.25 Td (not ) Tj ET Q q 0 0 0 rg BT 150.86 236.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 196.68 236.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 238.04 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 252.21 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.92 236.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 304.97 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.80 236.25 Td (this ) Tj ET Q q 0 0 0 rg BT 332.75 236.25 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 49.5 210.68505859375 m 174.685546875 210.68505859375 l s q 0 0 0 rg BT 49.50 212.25 Td (Methodology ) Tj ET Q q 0 0 0 rg BT 108.11 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.73 212.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 137.10 212.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 166.36 212.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 188.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 126.42 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 188.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 171.58 188.25 Td (were ) Tj ET Q q 0 0 0 rg BT 193.04 188.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 230.05 188.25 Td (by ) Tj ET Q q 0 0 0 rg BT 242.09 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.34 188.25 Td (use ) Tj ET Q q 0 0 0 rg BT 271.70 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.07 188.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 329.64 188.25 Td (geologic, ) Tj ET Q q 0 0 0 rg BT 368.60 188.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 411.18 188.25 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 462.92 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.39 188.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 523.08 188.25 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.85 176.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 110.52 176.25 Td (that ) Tj ET Q q 0 0 0 rg BT 127.42 176.25 Td (are ) Tj ET Q q 0 0 0 rg BT 141.53 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.22 176.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 198.08 176.25 Td (with ) Tj ET Q q 0 0 0 rg BT 217.77 176.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 255.21 176.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 294.32 176.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 340.09 176.25 Td (by ) Tj ET Q q 0 0 0 rg BT 351.99 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.12 176.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 408.56 176.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 443.25 176.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.49 176.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 493.71 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.39 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.52 176.25 Td (publication ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.56 164.25 Td (Society ) Tj ET Q q 0 0 0 rg BT 109.81 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.40 164.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 165.76 164.25 Td (Engineers ) Tj ET Q q 0 0 0 rg BT 209.00 164.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 242.25 164.25 Td ("Standards ) Tj ET Q q 0 0 0 rg BT 289.03 164.25 Td (Pertaining ) Tj ET Q q 0 0 0 rg BT 333.39 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.42 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.90 164.25 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 406.48 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.46 164.25 Td (Auditing ) Tj ET Q q 0 0 0 rg BT 462.27 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.86 164.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 489.89 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.59 164.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 526.40 164.25 Td (Reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 100.03 152.25 Td (\(Revision ) Tj ET Q q 0 0 0 rg BT 141.69 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 152.78 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.88 152.25 Td (February ) Tj ET Q q 0 0 0 rg BT 202.75 152.25 Td (19, ) Tj ET Q q 0 0 0 rg BT 218.01 152.25 Td (2007\)." ) Tj ET Q q 0 0 0 rg BT 250.49 152.25 Td (The ) Tj ET Q q 0 0 0 rg BT 268.81 152.25 Td (method ) Tj ET Q q 0 0 0 rg BT 301.57 152.25 Td (or ) Tj ET Q q 0 0 0 rg BT 312.67 152.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 365.43 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.52 152.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 413.18 152.25 Td (used ) Tj ET Q q 0 0 0 rg BT 434.28 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.82 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.81 152.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 494.79 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.89 152.25 Td (each ) Tj ET Q q 0 0 0 rg BT 526.97 152.25 Td (reservoir ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.09 140.25 Td (tempered ) Tj ET Q q 0 0 0 rg BT 106.32 140.25 Td (by ) Tj ET Q q 0 0 0 rg BT 118.35 140.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 163.69 140.25 Td (with ) Tj ET Q q 0 0 0 rg BT 183.50 140.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 213.31 140.25 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 257.27 140.25 Td (stage ) Tj ET Q q 0 0 0 rg BT 279.85 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.22 140.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 346.40 140.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 376.21 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.68 140.25 Td (completeness ) Tj ET Q q 0 0 0 rg BT 448.58 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.95 140.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 481.53 140.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 502.72 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 140.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (history) Tj ET Q q 0 0 0 rg BT 76.63 128.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 104.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 112.40 104.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.87 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.55 104.25 Td (current ) Tj ET Q q 0 0 0 rg BT 170.33 104.25 Td (stage ) Tj ET Q q 0 0 0 rg BT 193.34 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.14 104.25 Td (field ) Tj ET Q q 0 0 0 rg BT 224.93 104.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 281.54 104.25 Td (production ) Tj ET Q q 0 0 0 rg BT 327.33 104.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 382.82 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.50 104.25 Td (development ) Tj ET Q q 0 0 0 rg BT 451.62 104.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 475.19 104.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 513.20 104.25 Td (by ) Tj ET Q q 0 0 0 rg BT 525.67 104.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 560.01 104.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 92.25 Td (analyses ) Tj ET Q q 0 0 0 rg BT 117.53 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.36 92.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 151.40 92.25 Td (of) Tj ET Q q 0 0 0 rg BT 159.55 92.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 192.04 92.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 226.21 92.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 249.82 92.25 Td (with ) Tj ET Q q 0 0 0 rg BT 270.10 92.25 Td (test ) Tj ET Q q 0 0 0 rg BT 286.48 92.25 Td (or ) Tj ET Q q 0 0 0 rg BT 297.31 92.25 Td (production ) Tj ET Q q 0 0 0 rg BT 343.14 92.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 364.79 92.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 400.05 92.25 Td (were ) Tj ET Q q 0 0 0 rg BT 421.98 92.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 462.24 92.25 Td (as ) Tj ET Q q 0 0 0 rg BT 473.07 92.25 Td (proved.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 68.25 Td (When ) Tj ET Q q 0 0 0 rg BT 112.40 68.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 159.01 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.25 68.25 Td (volumetric ) Tj ET Q q 0 0 0 rg BT 220.59 68.25 Td (method ) Tj ET Q q 0 0 0 rg BT 253.61 68.25 Td (was ) Tj ET Q q 0 0 0 rg BT 272.18 68.25 Td (used ) Tj ET Q q 0 0 0 rg BT 293.54 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 304.34 68.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 340.68 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.92 68.25 Td (original ) Tj ET Q q 0 0 0 rg BT 390.05 68.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.63 68.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.43 68.25 Td (place ) Tj ET Q q 0 0 0 rg BT 438.54 68.25 Td (\(OOIP\) ) Tj ET Q q 0 0 0 rg BT 471.56 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.02 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.26 68.25 Td (original ) Tj ET Q q 0 0 0 rg BT 538.39 68.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 554.74 68.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.25 Td (place ) Tj ET Q q 0 0 0 rg BT 72.94 56.25 Td (\(OGIP\). ) Tj ET Q q 0 0 0 rg BT 107.79 56.25 Td (Structure ) Tj ET Q q 0 0 0 rg BT 146.80 56.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.59 56.25 Td (isopach ) Tj ET Q q 0 0 0 rg BT 196.48 56.25 Td (maps ) Tj ET Q q 0 0 0 rg BT 219.94 56.25 Td (were ) Tj ET Q q 0 0 0 rg BT 241.72 56.25 Td (constructed ) Tj ET Q q 0 0 0 rg BT 290.17 56.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.30 56.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 335.97 56.25 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 373.86 56.25 Td (volume. ) Tj ET Q q 0 0 0 rg BT 408.70 56.25 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 449.36 56.25 Td (logs, ) Tj ET Q q 0 0 0 rg BT 470.88 56.25 Td (radioactivity ) Tj ET Q q 0 0 0 rg BT 523.77 56.25 Td (logs, ) Tj ET Q q 0 0 0 rg BT 545.29 56.25 Td (core ) 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 49.50 740.10 Td (analyses, ) Tj ET Q q 0 0 0 rg BT 88.69 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.94 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 129.30 740.10 Td (available ) Tj ET Q q 0 0 0 rg BT 168.20 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 187.67 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 209.91 740.10 Td (used ) Tj ET Q q 0 0 0 rg BT 231.05 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.64 740.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 274.43 740.10 Td (these ) Tj ET Q q 0 0 0 rg BT 297.79 740.10 Td (maps ) Tj ET Q q 0 0 0 rg BT 321.71 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.85 740.10 Td (well ) Tj ET Q q 0 0 0 rg BT 352.88 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.03 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.62 740.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 410.75 740.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 469.64 740.10 Td (values ) Tj ET Q q 0 0 0 rg BT 498.00 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.47 740.10 Td (porosity ) Tj ET Q q 0 0 0 rg BT 548.06 740.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (water ) Tj ET Q q 0 0 0 rg BT 74.64 728.10 Td (saturation. ) Tj ET Q q 0 0 0 rg BT 119.30 728.10 Td (When ) Tj ET Q q 0 0 0 rg BT 146.11 728.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 184.57 728.10 Td (data ) Tj ET Q q 0 0 0 rg BT 204.16 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 226.52 728.10 Td (available ) Tj ET Q q 0 0 0 rg BT 265.55 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.92 728.10 Td (when ) Tj ET Q q 0 0 0 rg BT 307.51 728.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 367.09 728.10 Td (justified, ) Tj ET Q q 0 0 0 rg BT 405.29 728.10 Td (material ) Tj ET Q q 0 0 0 rg BT 440.98 728.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 474.45 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.82 728.10 Td (other ) Tj ET Q q 0 0 0 rg BT 515.30 728.10 Td (engineering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 85.89 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 107.82 716.10 Td (used ) Tj ET Q q 0 0 0 rg BT 128.65 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.92 716.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 174.74 716.10 Td (OOIP) Tj ET Q q 0 0 0 rg BT 197.71 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.21 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 211.04 716.10 Td (OGIP) Tj ET Q q 0 0 0 rg BT 233.26 716.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 692.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 127.07 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.09 692.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 173.55 692.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 211.21 692.10 Td (were ) Tj ET Q q 0 0 0 rg BT 233.33 692.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 270.46 692.10 Td (after ) Tj ET Q q 0 0 0 rg BT 291.46 692.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 329.14 692.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 366.81 692.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 396.71 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.17 692.10 Td (OOIP) Tj ET Q q 0 0 0 rg BT 430.14 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.83 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.85 692.10 Td (OGIP) Tj ET Q q 0 0 0 rg BT 466.07 692.10 Td (. ) Tj ET Q q 0 0 0 rg BT 471.07 692.10 Td (These ) Tj ET Q q 0 0 0 rg BT 497.63 692.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 535.30 692.10 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.29 680.10 Td (based ) Tj ET Q q 0 0 0 rg BT 96.42 680.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.78 680.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 165.02 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.71 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 680.10 Td (type ) Tj ET Q q 0 0 0 rg BT 209.87 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.56 680.10 Td (ener) Tj ET Q q 0 0 0 rg BT 237.59 680.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 249.95 680.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 285.08 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.22 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.80 680.10 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 354.09 680.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 390.33 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.02 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.60 680.10 Td (petroleum, ) Tj ET Q q 0 0 0 rg BT 461.00 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.58 680.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 515.71 680.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 554.19 680.10 Td (of ) 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 63.27 668.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 107.30 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.29 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.06 668.10 Td (production ) Tj ET Q q 0 0 0 rg BT 181.93 668.10 Td (histories. ) Tj ET Q q 0 0 0 rg BT 219.76 668.10 Td (When ) Tj ET Q q 0 0 0 rg BT 245.19 668.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 290.33 668.10 Td (material ) Tj ET Q q 0 0 0 rg BT 324.63 668.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 356.72 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.71 668.10 Td (other ) Tj ET Q q 0 0 0 rg BT 394.80 668.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 443.56 668.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 478.99 668.10 Td (were ) Tj ET Q q 0 0 0 rg BT 499.97 668.10 Td (used ) Tj ET Q q 0 0 0 rg BT 519.85 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.18 668.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.18 656.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 119.00 656.10 Td (An ) Tj ET Q q 0 0 0 rg BT 133.92 656.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 168.84 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.88 656.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 218.12 656.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 273.85 656.10 Td (including ) Tj ET Q q 0 0 0 rg BT 314.33 656.10 Td (production ) Tj ET Q q 0 0 0 rg BT 360.36 656.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 380.55 656.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 418.79 656.10 Td (pressure, ) Tj ET Q q 0 0 0 rg BT 457.32 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.46 656.10 Td (gas-oil ) Tj ET Q q 0 0 0 rg BT 504.38 656.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 525.41 656.10 Td (behavior) Tj ET Q q 0 0 0 rg BT 560.00 656.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 644.10 Td (used ) Tj ET Q q 0 0 0 rg BT 88.38 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.66 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.38 644.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 157.54 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.37 644.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 620.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.06 620.10 Td (depletion-type ) Tj ET Q q 0 0 0 rg BT 162.48 620.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 204.57 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.56 620.10 Td (those ) Tj ET Q q 0 0 0 rg BT 239.34 620.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 267.55 620.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 320.74 620.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 360.62 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.72 620.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 400.36 620.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 431.90 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.34 620.10 Td (producing-rate ) Tj ET Q q 0 0 0 rg BT 503.87 620.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 530.97 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.96 620.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (diagnostic ) Tj ET Q q 0 0 0 rg BT 95.38 608.10 Td (characteristics, ) Tj ET Q q 0 0 0 rg BT 159.84 608.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 197.37 608.10 Td (were ) Tj ET Q q 0 0 0 rg BT 221.57 608.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 264.66 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.44 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.43 608.10 Td (application ) Tj ET Q q 0 0 0 rg BT 345.63 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.73 608.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 409.04 608.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 442.68 608.10 Td (curves ) Tj ET Q q 0 0 0 rg BT 473.55 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.66 608.10 Td (other ) Tj ET Q q 0 0 0 rg BT 511.98 608.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 106.29 596.10 Td (In ) Tj ET Q q 0 0 0 rg BT 117.80 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.20 596.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 170.26 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.78 596.10 Td (production-decline ) Tj ET Q q 0 0 0 rg BT 260.49 596.10 Td (curves, ) Tj ET Q q 0 0 0 rg BT 292.27 596.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 328.21 596.10 Td (were ) Tj ET Q q 0 0 0 rg BT 350.82 596.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 392.33 596.10 Td (only ) Tj ET Q q 0 0 0 rg BT 413.29 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.25 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.65 596.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 465.62 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.13 596.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 519.19 596.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.27 584.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 121.43 584.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 162.81 584.10 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.96 560.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 125.28 560.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 151.01 560.10 Td (when ) Tj ET Q q 0 0 0 rg BT 174.79 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.14 560.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 233.48 560.10 Td (named ) Tj ET Q q 0 0 0 rg BT 262.26 560.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 298.27 560.10 Td (could ) Tj ET Q q 0 0 0 rg BT 322.61 560.10 Td (not ) Tj ET Q q 0 0 0 rg BT 337.52 560.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.08 560.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 372.04 560.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 406.92 560.10 Td (were ) Tj ET Q q 0 0 0 rg BT 428.47 560.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 468.92 560.10 Td (by ) Tj ET Q q 0 0 0 rg BT 481.05 560.10 Td (analogy ) Tj ET Q q 0 0 0 rg BT 514.83 560.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.73 560.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 73.11 548.10 Td (or ) Tj ET Q q 0 0 0 rg BT 83.94 548.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 125.87 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 140.03 548.10 Td (which ) Tj ET Q q 0 0 0 rg BT 166.97 548.10 Td (more ) Tj ET Q q 0 0 0 rg BT 190.01 548.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 229.16 548.10 Td (data ) Tj ET Q q 0 0 0 rg BT 248.32 548.10 Td (were ) Tj ET Q q 0 0 0 rg BT 270.25 548.10 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 524.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 122.51 524.10 Td (has ) Tj ET Q q 0 0 0 rg BT 137.86 524.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 185.97 524.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.99 524.10 Td (its ) Tj ET Q q 0 0 0 rg BT 214.46 524.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 240.92 524.10 Td (management ) Tj ET Q q 0 0 0 rg BT 294.03 524.10 Td (is ) Tj ET Q q 0 0 0 rg BT 302.72 524.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 347.51 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.31 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.54 524.10 Td (development ) Tj ET Q q 0 0 0 rg BT 425.22 524.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 444.46 524.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 482.02 524.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.04 524.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 531.06 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.52 524.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 86.99 512.10 Td (has ) Tj ET Q q 0 0 0 rg BT 102.82 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.54 512.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.02 512.10 Td (capability ) Tj ET Q q 0 0 0 rg BT 196.95 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.22 512.10 Td (drill ) Tj ET Q q 0 0 0 rg BT 226.39 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.11 512.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 279.71 512.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.54 512.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 333.03 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.30 512.10 Td (its ) Tj ET Q q 0 0 0 rg BT 355.25 512.10 Td (development ) Tj ET Q q 0 0 0 rg BT 409.40 512.10 Td (plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.47 488.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 146.78 488.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 188.52 488.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 216.93 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.56 488.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 275.41 488.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.16 488.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 310.02 488.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 329.27 488.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 353.80 488.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 370.55 488.10 Td (is ) Tj ET Q q 0 0 0 rg BT 380.64 488.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 414.05 488.10 Td (as ) Tj ET Q q 0 0 0 rg BT 425.80 488.10 Td (that ) Tj ET Q q 0 0 0 rg BT 444.22 488.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 476.53 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.28 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.92 488.10 Td (total ) Tj ET Q q 0 0 0 rg BT 525.12 488.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 541.87 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 488.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 88.21 476.10 Td (into ) Tj ET Q q 0 0 0 rg BT 105.27 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.21 476.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 126.04 476.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 159.76 476.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.92 476.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 189.97 476.10 Td (after ) Tj ET Q q 0 0 0 rg BT 209.79 476.10 Td (field ) Tj ET Q q 0 0 0 rg BT 229.62 476.10 Td (separation, ) Tj ET Q q 0 0 0 rg BT 274.72 476.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 321.49 476.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 338.54 476.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 355.88 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.82 476.10 Td (flare. ) Tj ET Q q 0 0 0 rg BT 394.14 476.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 411.19 476.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 445.46 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.17 476.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 500.10 476.10 Td (at ) Tj ET Q q 0 0 0 rg BT 508.82 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.76 476.10 Td (temperature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (base ) Tj ET Q q 0 0 0 rg BT 70.00 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.07 464.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 93.80 464.10 Td (degrees ) Tj ET Q q 0 0 0 rg BT 127.07 464.10 Td (Fahrenheit ) Tj ET Q q 0 0 0 rg BT 172.57 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.74 464.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.69 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.64 464.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 250.69 464.10 Td (base ) Tj ET Q q 0 0 0 rg BT 271.19 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.26 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.21 464.10 Td (state ) Tj ET Q q 0 0 0 rg BT 318.27 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.78 464.10 Td (which ) Tj ET Q q 0 0 0 rg BT 355.95 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.90 464.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.07 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.47 464.10 Td (located. ) Tj ET Q q 0 0 0 rg BT 446.58 464.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 464.86 464.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 500.35 464.10 Td (included ) Tj ET Q q 0 0 0 rg BT 537.52 464.10 Td (herein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.66 452.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 109.05 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.78 452.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 164.73 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.02 452.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 202.63 452.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 221.57 452.10 Td (\(Mcf\). ) Tj ET Q q 0 0 0 rg BT 251.35 452.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 268.08 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.47 452.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 334.85 452.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 371.57 452.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 413.84 452.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 442.78 452.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.94 452.10 Td (those ) Tj ET Q q 0 0 0 rg BT 484.01 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.74 452.10 Td (be ) Tj ET Q q 0 0 0 rg BT 509.13 452.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 552.50 452.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (conventional ) Tj ET Q q 0 0 0 rg BT 104.09 440.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 127.02 440.10 Td (separation. ) Tj ET Q q 0 0 0 rg BT 173.55 440.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 193.73 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.67 440.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 232.37 440.10 Td (are ) Tj ET Q q 0 0 0 rg BT 247.52 440.10 Td (those ) Tj ET Q q 0 0 0 rg BT 271.57 440.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 312.83 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.55 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.71 440.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 379.41 440.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 415.68 440.10 Td (according ) Tj ET Q q 0 0 0 rg BT 458.04 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.76 440.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 514.47 440.10 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 90.56 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.06 428.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 116.29 428.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 165.39 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.00 428.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 202.18 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.36 428.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 239.29 428.10 Td (included ) Tj ET Q q 0 0 0 rg BT 275.90 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.85 428.10 Td (this ) Tj ET Q q 0 0 0 rg BT 302.47 428.10 Td (report ) Tj ET Q q 0 0 0 rg BT 328.52 428.10 Td (are ) Tj ET Q q 0 0 0 rg BT 342.91 428.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 384.51 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.46 428.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 423.84 428.10 Td (\(bbl\) ) Tj ET Q q 0 0 0 rg BT 445.46 428.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 497.05 428.10 Td (42 ) Tj ET Q q 0 0 0 rg BT 509.23 428.10 Td (United ) Tj ET Q q 0 0 0 rg BT 538.62 428.10 Td (States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (gallons ) Tj ET Q q 0 0 0 rg BT 80.60 416.10 Td (per ) Tj ET Q q 0 0 0 rg BT 95.59 416.10 Td (barrel. ) Tj ET Q q 0 0 0 rg BT 123.62 416.10 Td (For ) Tj ET Q q 0 0 0 rg BT 139.73 416.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 178.60 416.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 218.86 416.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 231.64 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.29 416.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 294.93 416.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 329.91 416.10 Td (have ) Tj ET Q q 0 0 0 rg BT 351.00 416.10 Td (been ) Tj ET Q q 0 0 0 rg BT 372.09 416.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 412.63 416.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 455.38 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.03 416.10 Td (are ) Tj ET Q q 0 0 0 rg BT 486.45 416.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 526.98 416.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 554.18 416.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 404.10 Td (summed ) Tj ET Q q 0 0 0 rg BT 92.83 404.10 Td (quantity) Tj ET Q q 0 0 0 rg BT 124.95 404.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 380.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 117.08 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.56 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.92 380.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 184.06 380.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 224.51 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 238.87 380.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 269.34 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.27 380.10 Td (net ) Tj ET Q q 0 0 0 rg BT 293.63 380.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 321.89 380.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.47 380.10 Td (\(NPI\) ) Tj ET Q q 0 0 0 rg BT 378.39 380.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 411.63 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.56 380.10 Td (other ) Tj ET Q q 0 0 0 rg BT 444.25 380.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 475.55 380.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 492.14 380.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 527.04 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 541.40 380.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 78.66 368.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.16 368.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 128.65 368.10 Td (after ) Tj ET Q q 0 0 0 rg BT 149.47 368.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 195.84 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.00 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.71 368.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 256.10 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.93 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.65 368.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 305.26 368.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 340.52 368.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 369.68 368.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.18 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.90 368.10 Td (NPI ) Tj ET Q q 0 0 0 rg BT 415.51 368.10 Td (owners. ) Tj ET Q q 0 0 0 rg BT 449.39 368.10 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 49.5 342.53505859375 m 143.3671875 342.53505859375 l s q 0 0 0 rg BT 49.50 344.10 Td (Definition ) Tj ET Q q 0 0 0 rg BT 94.78 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.61 344.10 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 320.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 129.62 320.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 165.40 320.10 Td (included ) Tj ET Q q 0 0 0 rg BT 202.86 320.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.65 320.10 Td (this ) Tj ET Q q 0 0 0 rg BT 231.12 320.10 Td (report ) Tj ET Q q 0 0 0 rg BT 258.02 320.10 Td (are ) Tj ET Q q 0 0 0 rg BT 273.25 320.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 314.03 320.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.38 320.10 Td (proved. ) Tj ET Q q 0 0 0 rg BT 358.67 320.10 Td (Only ) Tj ET Q q 0 0 0 rg BT 381.69 320.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 412.48 320.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 448.26 320.10 Td (have ) Tj ET Q q 0 0 0 rg BT 470.15 320.10 Td (been ) Tj ET Q q 0 0 0 rg BT 492.05 320.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 533.38 320.10 Td (for ) Tj ET Q q 0 0 0 rg BT 548.06 320.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 79.12 308.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 118.47 308.10 Td (classifications ) Tj ET Q q 0 0 0 rg BT 178.37 308.10 Td (used ) Tj ET Q q 0 0 0 rg BT 199.94 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.97 308.10 Td (this ) Tj ET Q q 0 0 0 rg BT 228.67 308.10 Td (report ) Tj ET Q q 0 0 0 rg BT 255.79 308.10 Td (are ) Tj ET Q q 0 0 0 rg BT 271.24 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.27 308.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 330.48 308.10 Td (with ) Tj ET Q q 0 0 0 rg BT 351.50 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.97 308.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 402.97 308.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 448.99 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.57 308.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 486.59 308.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 519.27 308.10 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 554.17 308.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 96.75 296.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 116.23 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.93 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.52 296.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 167.73 296.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 207.20 296.10 Td (are ) Tj ET Q q 0 0 0 rg BT 222.77 296.10 Td (judged ) Tj ET Q q 0 0 0 rg BT 253.36 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.50 296.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.31 296.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 334.55 296.10 Td (producible ) Tj ET Q q 0 0 0 rg BT 380.68 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.83 296.10 Td (future ) Tj ET Q q 0 0 0 rg BT 419.08 296.10 Td (years ) Tj ET Q q 0 0 0 rg BT 443.54 296.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.35 296.10 Td (known ) Tj ET Q q 0 0 0 rg BT 496.94 296.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 539.74 296.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 85.76 284.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 129.24 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.27 284.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 190.64 284.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 236.90 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.94 284.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 298.32 284.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 352.91 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.84 284.10 Td (current ) Tj ET Q q 0 0 0 rg BT 398.75 284.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 444.45 284.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 484.58 284.10 Td (using ) Tj ET Q q 0 0 0 rg BT 510.85 284.10 Td (conventional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (production ) Tj ET Q q 0 0 0 rg BT 96.02 272.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 133.10 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.73 272.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 198.63 272.10 Td (In ) Tj ET Q q 0 0 0 rg BT 210.15 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.56 272.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 262.63 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.16 272.10 Td (production-decline ) Tj ET Q q 0 0 0 rg BT 352.88 272.10 Td (curves, ) Tj ET Q q 0 0 0 rg BT 384.67 272.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 420.62 272.10 Td (were ) Tj ET Q q 0 0 0 rg BT 443.24 272.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 484.75 272.10 Td (only ) Tj ET Q q 0 0 0 rg BT 505.72 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.69 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.10 272.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 554.19 272.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.23 260.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 110.97 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.17 260.10 Td (production ) Tj ET Q q 0 0 0 rg BT 166.36 260.10 Td (under ) Tj ET Q q 0 0 0 rg BT 190.99 260.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 224.51 260.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 265.25 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.55 260.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 321.18 260.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 364.71 260.10 Td (using ) Tj ET Q q 0 0 0 rg BT 388.24 260.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 413.98 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.28 260.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 452.14 260.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 494.00 260.10 Td (with ) Tj ET Q q 0 0 0 rg BT 513.64 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.72 260.10 Td (ef) Tj ET Q q 0 0 0 rg BT 535.31 260.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (date ) Tj ET Q q 0 0 0 rg BT 67.64 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.46 248.10 Td (this ) Tj ET Q q 0 0 0 rg BT 93.39 248.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 121.26 248.10 Td (including ) Tj ET Q q 0 0 0 rg BT 160.52 248.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 215.88 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.69 248.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 259.39 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.65 248.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 301.80 248.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 327.17 248.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 364.20 248.10 Td (only ) Tj ET Q q 0 0 0 rg BT 383.47 248.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.95 248.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 440.86 248.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 496.21 248.10 Td (but ) Tj ET Q q 0 0 0 rg BT 510.47 248.10 Td (not ) Tj ET Q q 0 0 0 rg BT 524.74 248.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (escalations ) Tj ET Q q 0 0 0 rg BT 95.87 236.10 Td (based ) Tj ET Q q 0 0 0 rg BT 121.14 236.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 143.64 236.10 Td (future ) Tj ET Q q 0 0 0 rg BT 170.02 236.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 216.50 236.10 Td (The ) Tj ET Q q 0 0 0 rg BT 234.55 236.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 277.59 236.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 312.85 236.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.56 236.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 367.82 236.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.65 236.10 Td (follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 212.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.13 212.10 Td (oved ) Tj ET Q q 0 0 0 rg BT 117.55 212.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.66 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.21 212.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 167.65 212.10 Td (r) Tj ET Q q 0 0 0 rg BT 171.17 212.10 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.60 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.15 212.10 Td (- ) Tj ET Q q 0 0 0 rg BT 211.03 212.10 Td (Proved ) Tj ET Q q 0 0 0 rg BT 242.91 212.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 257.01 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.00 212.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.88 212.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 328.18 212.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.94 212.10 Td (those ) Tj ET Q q 0 0 0 rg BT 368.60 212.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 411.03 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.91 212.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 437.01 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.00 212.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 474.38 212.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 504.87 212.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.42 212.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 554.18 212.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 200.10 Td (geoscience ) Tj ET Q q 0 0 0 rg BT 131.49 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.06 200.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 197.39 200.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 218.67 200.10 Td (can ) Tj ET Q q 0 0 0 rg BT 234.68 200.10 Td (be ) Tj ET Q q 0 0 0 rg BT 246.25 200.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 286.70 200.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.60 200.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 351.49 200.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 388.60 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.50 200.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.07 200.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 466.07 200.10 Td (producible-from ) Tj ET Q q 0 0 0 rg BT 533.73 200.10 Td (a ) Tj ET Q q 0 0 0 rg BT 540.29 200.10 Td (given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 188.10 Td (date ) Tj ET Q q 0 0 0 rg BT 105.95 188.10 Td (forward, ) Tj ET Q q 0 0 0 rg BT 143.90 188.10 Td (from ) Tj ET Q q 0 0 0 rg BT 167.13 188.10 Td (known ) Tj ET Q q 0 0 0 rg BT 198.15 188.10 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 243.87 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.11 188.10 Td (under ) Tj ET Q q 0 0 0 rg BT 288.67 188.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 324.13 188.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 366.80 188.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 414.76 188.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 456.32 188.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 496.50 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.74 188.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 176.10 Td (regulations-prior ) Tj ET Q q 0 0 0 rg BT 154.28 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.64 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.44 176.10 Td (time ) Tj ET Q q 0 0 0 rg BT 196.80 176.10 Td (at ) Tj ET Q q 0 0 0 rg BT 205.60 176.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.62 176.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 269.29 176.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 309.76 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.56 176.10 Td (right ) Tj ET Q q 0 0 0 rg BT 344.03 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.39 176.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 384.40 176.10 Td (expire, ) Tj ET Q q 0 0 0 rg BT 413.46 176.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 440.05 176.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 477.16 176.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 514.28 176.10 Td (that ) Tj ET Q q 0 0 0 rg BT 530.86 176.10 Td (renewal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 164.10 Td (is ) Tj ET Q q 0 0 0 rg BT 94.05 164.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 139.25 164.10 Td (certain, ) Tj ET Q q 0 0 0 rg BT 170.83 164.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 213.24 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.45 164.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 257.54 164.10 Td (deterministic ) Tj ET Q q 0 0 0 rg BT 311.63 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.84 164.10 Td (probabilistic ) Tj ET Q q 0 0 0 rg BT 373.71 164.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 409.47 164.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.56 164.10 Td (used ) Tj ET Q q 0 0 0 rg BT 443.77 164.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.31 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.41 164.10 Td (estimation. ) Tj ET Q q 0 0 0 rg BT 517.31 164.10 Td (The ) Tj ET Q q 0 0 0 rg BT 534.74 164.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.71 152.10 Td (extract ) Tj ET Q q 0 0 0 rg BT 125.35 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.00 152.10 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 196.87 152.10 Td (must ) Tj ET Q q 0 0 0 rg BT 218.75 152.10 Td (have ) Tj ET Q q 0 0 0 rg BT 240.06 152.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 290.81 152.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.58 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.23 152.10 Td (operator ) Tj ET Q q 0 0 0 rg BT 351.98 152.10 Td (must ) Tj ET Q q 0 0 0 rg BT 373.86 152.10 Td (be ) Tj ET Q q 0 0 0 rg BT 385.74 152.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 431.49 152.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 461.13 152.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.56 152.10 Td (it ) Tj ET Q q 0 0 0 rg BT 486.55 152.10 Td (will ) Tj ET Q q 0 0 0 rg BT 504.54 152.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 550.29 152.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 140.10 Td (project ) Tj ET Q q 0 0 0 rg BT 115.76 140.10 Td (within ) Tj ET Q q 0 0 0 rg BT 143.82 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.76 140.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 196.01 140.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 116.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 115.26 116.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.30 116.10 Td (area ) Tj ET Q q 0 0 0 rg BT 152.45 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.28 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.00 116.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 216.03 116.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 261.85 116.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.68 116.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 302.95 116.10 Td (includes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 104.10 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 119.99 104.10 Td (The ) Tj ET Q q 0 0 0 rg BT 138.35 104.10 Td (area ) Tj ET Q q 0 0 0 rg BT 157.80 104.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 198.93 104.10 Td (by ) Tj ET Q q 0 0 0 rg BT 211.74 104.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 244.00 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.24 104.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 292.38 104.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.19 104.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 326.89 104.10 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 364.96 104.10 Td (if ) Tj ET Q q 0 0 0 rg BT 373.88 104.10 Td (any) Tj ET Q q 0 0 0 rg BT 387.67 104.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.98 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.23 104.10 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 425.75 104.10 Td (Adjacent ) Tj ET Q q 0 0 0 rg BT 464.65 104.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 503.57 104.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 539.16 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 104.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 92.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 140.53 92.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.02 92.10 Td (can, ) Tj ET Q q 0 0 0 rg BT 174.88 92.10 Td (with ) Tj ET Q q 0 0 0 rg BT 194.15 92.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 238.40 92.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 272.73 92.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.72 92.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.65 92.10 Td (judged ) Tj ET Q q 0 0 0 rg BT 316.36 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.63 92.10 Td (be ) Tj ET Q q 0 0 0 rg BT 336.56 92.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 381.94 92.10 Td (with ) Tj ET Q q 0 0 0 rg BT 401.21 92.10 Td (it ) Tj ET Q q 0 0 0 rg BT 408.26 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.19 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.46 92.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 464.38 92.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 519.74 92.10 Td (producible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 80.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.56 80.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.39 80.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.22 80.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.72 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.43 80.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 192.93 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.76 80.10 Td (available ) Tj ET Q q 0 0 0 rg BT 242.35 80.10 Td (geoscience ) Tj ET Q q 0 0 0 rg BT 288.71 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.65 80.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 355.36 80.10 Td (data.) 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 103.50 740.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 119.66 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 131.94 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.10 740.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 183.69 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.97 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 216.57 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.52 740.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 253.35 740.10 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 292.56 740.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 324.27 740.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 367.10 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.82 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.21 740.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 426.69 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 442.84 740.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 475.12 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 489.06 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.23 740.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 535.28 740.10 Td (known ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 728.10 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 160.32 728.10 Td (\(LKH\) ) Tj ET Q q 0 0 0 rg BT 189.92 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.64 728.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 220.80 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.97 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.80 728.10 Td (well ) Tj ET Q q 0 0 0 rg BT 257.40 728.10 Td (penetration ) Tj ET Q q 0 0 0 rg BT 304.77 728.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 332.16 728.10 Td (geoscience, ) Tj ET Q q 0 0 0 rg BT 380.92 728.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 433.01 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.73 728.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 496.64 728.10 Td (data ) Tj ET Q q 0 0 0 rg BT 515.69 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 728.10 Td (reliable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 716.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 150.43 716.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 196.26 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.20 716.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 228.47 716.10 Td (contact ) Tj ET Q q 0 0 0 rg BT 259.84 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 280.12 716.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 325.37 716.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 359.70 716.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 121.78 692.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 151.96 692.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 178.27 692.10 Td (observation ) Tj ET Q q 0 0 0 rg BT 228.46 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 251.44 692.10 Td (well ) Tj ET Q q 0 0 0 rg BT 272.19 692.10 Td (penetrations ) Tj ET Q q 0 0 0 rg BT 324.60 692.10 Td (has ) Tj ET Q q 0 0 0 rg BT 341.47 692.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 375.00 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.98 692.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 415.40 692.10 Td (known ) Tj ET Q q 0 0 0 rg BT 446.16 692.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.26 692.10 Td (\(HKO\) ) Tj ET Q q 0 0 0 rg BT 492.12 692.10 Td (elevation ) Tj ET Q q 0 0 0 rg BT 532.31 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 692.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 140.99 680.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 166.27 680.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.43 680.10 Td (an ) Tj ET Q q 0 0 0 rg BT 192.36 680.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 235.96 680.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 251.79 680.10 Td (cap, ) Tj ET Q q 0 0 0 rg BT 270.66 680.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 300.93 680.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 313.98 680.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 349.24 680.10 Td (may ) Tj ET Q q 0 0 0 rg BT 368.96 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 380.90 680.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 417.83 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.11 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.83 680.10 Td (structurally ) Tj ET Q q 0 0 0 rg BT 490.87 680.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 518.91 680.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 554.19 680.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.40 668.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 154.63 668.10 Td (only ) Tj ET Q q 0 0 0 rg BT 174.09 668.10 Td (if ) Tj ET Q q 0 0 0 rg BT 181.89 668.10 Td (geoscience, ) Tj ET Q q 0 0 0 rg BT 229.94 668.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 281.33 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.34 668.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 343.55 668.10 Td (data ) Tj ET Q q 0 0 0 rg BT 361.90 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.02 668.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 409.69 668.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 455.81 668.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 492.49 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.40 668.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 533.63 668.10 Td (contact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 656.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.78 656.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 169.03 656.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 203.36 656.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 119.95 632.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 158.05 632.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.50 632.10 Td (can ) Tj ET Q q 0 0 0 rg BT 200.39 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.83 632.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 251.05 632.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 306.92 632.10 Td (through ) Tj ET Q q 0 0 0 rg BT 340.04 632.10 Td (application ) Tj ET Q q 0 0 0 rg BT 386.48 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.82 632.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 437.15 632.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 474.13 632.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 518.90 632.10 Td (\(including, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 620.10 Td (but ) Tj ET Q q 0 0 0 rg BT 118.78 620.10 Td (not ) Tj ET Q q 0 0 0 rg BT 134.06 620.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 164.89 620.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 177.67 620.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 199.05 620.10 Td (injection\) ) Tj ET Q q 0 0 0 rg BT 239.87 620.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.58 620.10 Td (included ) Tj ET Q q 0 0 0 rg BT 291.51 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.79 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.51 620.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 346.78 620.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 402.04 620.10 Td (when:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 608.10 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 120.48 608.10 Td (Successful ) Tj ET Q q 0 0 0 rg BT 166.34 608.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 196.11 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.20 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.74 608.10 Td (pilot ) Tj ET Q q 0 0 0 rg BT 238.17 608.10 Td (project ) Tj ET Q q 0 0 0 rg BT 269.03 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.91 608.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.44 608.10 Td (area ) Tj ET Q q 0 0 0 rg BT 312.19 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.61 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.93 608.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 377.56 608.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.44 608.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 441.52 608.10 Td (no ) Tj ET Q q 0 0 0 rg BT 454.62 608.10 Td (more ) Tj ET Q q 0 0 0 rg BT 478.26 608.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 519.11 608.10 Td (than ) Tj ET Q q 0 0 0 rg BT 539.43 608.10 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 103.50 596.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 140.74 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.77 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.92 596.10 Td (whole, ) Tj ET Q q 0 0 0 rg BT 185.56 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.48 596.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 238.94 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.98 596.10 Td (an ) Tj ET Q q 0 0 0 rg BT 260.12 596.10 Td (installed ) Tj ET Q q 0 0 0 rg BT 295.70 596.10 Td (program ) Tj ET Q q 0 0 0 rg BT 331.28 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.76 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.68 596.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 391.92 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.96 596.10 Td (an ) Tj ET Q q 0 0 0 rg BT 413.10 596.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 455.35 596.10 Td (reservoir) Tj ET Q q 0 0 0 rg BT 490.49 596.10 Td (, ) Tj ET Q q 0 0 0 rg BT 494.69 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.72 596.10 Td (other ) Tj ET Q q 0 0 0 rg BT 526.97 596.10 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 584.10 Td (using ) Tj ET Q q 0 0 0 rg BT 128.30 584.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 161.41 584.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 208.97 584.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 255.42 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.77 584.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 316.65 584.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 354.76 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.22 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.57 584.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 431.90 584.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 467.24 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.37 584.10 Td (which ) Tj ET Q q 0 0 0 rg BT 507.94 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.29 584.10 Td (project ) Tj ET Q q 0 0 0 rg BT 554.18 584.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 572.10 Td (program ) Tj ET Q q 0 0 0 rg BT 140.27 572.10 Td (was ) Tj ET Q q 0 0 0 rg BT 158.71 572.10 Td (based; ) Tj ET Q q 0 0 0 rg BT 187.14 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.47 572.10 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 220.48 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 238.91 572.10 Td (project ) Tj ET Q q 0 0 0 rg BT 269.56 572.10 Td (has ) Tj ET Q q 0 0 0 rg BT 285.78 572.10 Td (been ) Tj ET Q q 0 0 0 rg BT 307.55 572.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 347.64 572.10 Td (for ) Tj ET Q q 0 0 0 rg BT 362.19 572.10 Td (development ) Tj ET Q q 0 0 0 rg BT 416.73 572.10 Td (by ) Tj ET Q q 0 0 0 rg BT 429.62 572.10 Td (all ) Tj ET Q q 0 0 0 rg BT 442.50 572.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 484.26 572.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 513.80 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.13 572.10 Td (entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 560.10 Td (including ) Tj ET Q q 0 0 0 rg BT 143.77 560.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 201.25 560.10 Td (entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 536.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 117.53 536.10 Td (Existing ) Tj ET Q q 0 0 0 rg BT 153.23 536.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 194.47 536.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 238.50 536.10 Td (include ) Tj ET Q q 0 0 0 rg BT 270.30 536.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 296.55 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.35 536.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 335.72 536.10 Td (at ) Tj ET Q q 0 0 0 rg BT 345.30 536.10 Td (which ) Tj ET Q q 0 0 0 rg BT 372.11 536.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 413.35 536.10 Td (producibility ) Tj ET Q q 0 0 0 rg BT 467.38 536.10 Td (from ) Tj ET Q q 0 0 0 rg BT 489.18 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.99 536.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 533.89 536.10 Td (is ) Tj ET Q q 0 0 0 rg BT 542.93 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 536.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 524.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 153.54 524.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.85 524.10 Td (price ) Tj ET Q q 0 0 0 rg BT 194.59 524.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 216.24 524.10 Td (be ) Tj ET Q q 0 0 0 rg BT 228.43 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.41 524.10 Td (average ) Tj ET Q q 0 0 0 rg BT 277.25 524.10 Td (price ) Tj ET Q q 0 0 0 rg BT 300.00 524.10 Td (during ) Tj ET Q q 0 0 0 rg BT 328.86 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.84 524.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 385.48 524.10 Td (period ) Tj ET Q q 0 0 0 rg BT 413.79 524.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 435.99 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.52 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.50 524.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 491.47 524.10 Td (date ) Tj ET Q q 0 0 0 rg BT 510.89 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.98 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.95 524.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 137.63 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 150.11 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.82 512.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 193.68 512.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 241.14 512.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.96 512.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.88 512.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 313.02 512.10 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 356.04 512.10 Td (average ) Tj ET Q q 0 0 0 rg BT 389.61 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.42 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.12 512.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 507.58 512.10 Td (price ) Tj ET Q q 0 0 0 rg BT 530.05 512.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 512.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 500.10 Td (month ) Tj ET Q q 0 0 0 rg BT 131.46 500.10 Td (within ) Tj ET Q q 0 0 0 rg BT 159.41 500.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.14 500.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 210.59 500.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 237.98 500.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 264.26 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.87 500.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 311.25 500.10 Td (by ) Tj ET Q q 0 0 0 rg BT 323.65 500.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 370.47 500.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 429.23 500.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 471.06 500.10 Td (escalations ) Tj ET Q q 0 0 0 rg BT 517.33 500.10 Td (based ) Tj ET Q q 0 0 0 rg BT 542.50 500.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 488.10 Td (future ) Tj ET Q q 0 0 0 rg BT 129.88 488.10 Td (conditions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 464.10 Td (Developed ) Tj ET Q q 0 0 0 rg BT 130.68 464.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 143.66 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.08 464.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 177.40 464.10 Td (r) Tj ET Q q 0 0 0 rg BT 180.92 464.10 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.35 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.77 464.10 Td (- ) Tj ET Q q 0 0 0 rg BT 218.53 464.10 Td (Developed ) Tj ET Q q 0 0 0 rg BT 264.27 464.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 277.25 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.11 464.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 309.87 464.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 345.05 464.10 Td (are ) Tj ET Q q 0 0 0 rg BT 359.68 464.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 394.86 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.62 464.10 Td (any ) Tj ET Q q 0 0 0 rg BT 422.48 464.10 Td (category ) Tj ET Q q 0 0 0 rg BT 459.33 464.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.75 464.10 Td (can ) Tj ET Q q 0 0 0 rg BT 493.05 464.10 Td (be ) Tj ET Q q 0 0 0 rg BT 504.91 464.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 542.87 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 464.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.10 Td (recovered:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 428.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 116.33 428.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 154.42 428.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 189.74 428.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 214.51 428.10 Td (with ) Tj ET Q q 0 0 0 rg BT 235.94 428.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 271.26 428.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 317.13 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.22 428.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 376.64 428.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 414.18 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.16 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.60 428.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.69 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.56 428.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 501.32 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.31 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.18 428.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 416.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 148.21 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.38 416.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 197.64 416.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 224.03 416.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 265.95 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.23 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.95 416.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 309.55 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.38 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.32 416.10 Td (new ) Tj ET Q q 0 0 0 rg BT 346.48 416.10 Td (well; ) Tj ET Q q 0 0 0 rg BT 368.98 416.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 392.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 118.10 392.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 155.10 392.10 Td (installed ) Tj ET Q q 0 0 0 rg BT 191.54 392.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 234.09 392.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 278.86 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.86 392.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 352.29 392.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 399.83 392.10 Td (at ) Tj ET Q q 0 0 0 rg BT 409.61 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.39 392.10 Td (time ) Tj ET Q q 0 0 0 rg BT 444.73 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.62 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.40 392.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 505.73 392.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 541.61 392.10 Td (if ) Tj ET Q q 0 0 0 rg BT 550.28 392.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 380.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 145.98 380.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.15 380.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.65 380.10 Td (means ) Tj ET Q q 0 0 0 rg BT 195.70 380.10 Td (not ) Tj ET Q q 0 0 0 rg BT 210.98 380.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 251.81 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.75 380.10 Td (well.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 356.10 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 140.96 356.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.23 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.93 356.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 188.53 356.10 Td (r) Tj ET Q q 0 0 0 rg BT 192.05 356.10 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.48 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.19 356.10 Td (- ) Tj ET Q q 0 0 0 rg BT 230.23 356.10 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 286.25 356.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 299.51 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.66 356.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 332.70 356.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 368.16 356.10 Td (are ) Tj ET Q q 0 0 0 rg BT 383.08 356.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 418.54 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.58 356.10 Td (any ) Tj ET Q q 0 0 0 rg BT 446.73 356.10 Td (category ) Tj ET Q q 0 0 0 rg BT 483.86 356.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.56 356.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.48 356.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 554.72 356.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.84 344.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 138.15 344.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.48 344.10 Td (new ) Tj ET Q q 0 0 0 rg BT 178.04 344.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 201.04 344.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.94 344.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 250.94 344.10 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 285.86 344.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.09 344.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.42 344.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 350.99 344.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 373.99 344.10 Td (where ) Tj ET Q q 0 0 0 rg BT 400.32 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.65 344.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 446.31 344.10 Td (major ) Tj ET Q q 0 0 0 rg BT 471.53 344.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 520.63 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.20 344.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.66 332.10 Td (recompletion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 308.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 116.23 308.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 155.62 308.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.91 308.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 208.31 308.10 Td (acreage ) Tj ET Q q 0 0 0 rg BT 242.13 308.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 264.30 308.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.04 308.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 308.66 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.73 308.10 Td (those ) Tj ET Q q 0 0 0 rg BT 344.13 308.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 377.96 308.10 Td (of) Tj ET Q q 0 0 0 rg BT 386.11 308.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 419.40 308.10 Td (development ) Tj ET Q q 0 0 0 rg BT 474.34 308.10 Td (spacing ) Tj ET Q q 0 0 0 rg BT 508.18 308.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 532.01 308.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 308.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 296.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 150.57 296.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 181.53 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.62 296.10 Td (production ) Tj ET Q q 0 0 0 rg BT 240.70 296.10 Td (when ) Tj ET Q q 0 0 0 rg BT 266.12 296.10 Td (drilled, ) Tj ET Q q 0 0 0 rg BT 298.48 296.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 327.24 296.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 366.53 296.10 Td (using ) Tj ET Q q 0 0 0 rg BT 391.96 296.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 425.70 296.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 473.89 296.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 500.42 296.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.18 296.10 Td (establishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 284.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 148.75 284.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 186.23 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.06 284.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 238.44 284.10 Td (producibility ) Tj ET Q q 0 0 0 rg BT 292.60 284.10 Td (at ) Tj ET Q q 0 0 0 rg BT 302.31 284.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 332.57 284.10 Td (distances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 260.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 117.53 260.10 Td (Undrilled ) Tj ET Q q 0 0 0 rg BT 157.67 260.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 195.58 260.10 Td (can ) Tj ET Q q 0 0 0 rg BT 211.27 260.10 Td (be ) Tj ET Q q 0 0 0 rg BT 222.53 260.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 262.10 260.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.25 260.10 Td (having ) Tj ET Q q 0 0 0 rg BT 301.28 260.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 354.18 260.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 388.75 260.10 Td (only ) Tj ET Q q 0 0 0 rg BT 408.35 260.10 Td (if ) Tj ET Q q 0 0 0 rg BT 416.27 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.52 260.10 Td (development ) Tj ET Q q 0 0 0 rg BT 475.98 260.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 495.01 260.10 Td (has ) Tj ET Q q 0 0 0 rg BT 510.15 260.10 Td (been ) Tj ET Q q 0 0 0 rg BT 530.84 260.10 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 248.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 146.20 248.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.91 248.10 Td (they ) Tj ET Q q 0 0 0 rg BT 183.84 248.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.75 248.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 241.45 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.94 248.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.09 248.10 Td (drilled ) Tj ET Q q 0 0 0 rg BT 292.91 248.10 Td (within ) Tj ET Q q 0 0 0 rg BT 321.17 248.10 Td (five ) Tj ET Q q 0 0 0 rg BT 339.43 248.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 365.74 248.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 393.45 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.38 248.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 442.19 248.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 501.54 248.10 Td (justify ) Tj ET Q q 0 0 0 rg BT 529.81 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.96 248.10 Td (longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 236.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 212.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 121.47 212.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 149.43 212.10 Td (no ) Tj ET Q q 0 0 0 rg BT 162.40 212.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 222.01 212.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 243.86 212.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 284.05 212.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.68 212.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 352.74 212.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 388.47 212.10 Td (be ) Tj ET Q q 0 0 0 rg BT 400.88 212.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 449.39 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.13 212.10 Td (any ) Tj ET Q q 0 0 0 rg BT 477.54 212.10 Td (acreage ) Tj ET Q q 0 0 0 rg BT 511.04 212.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.67 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 553.07 212.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 200.10 Td (application ) Tj ET Q q 0 0 0 rg BT 151.02 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.45 200.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 184.43 200.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 222.51 200.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.93 200.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.57 200.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 298.99 200.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 337.06 200.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 379.02 200.10 Td (is ) Tj ET Q q 0 0 0 rg BT 388.79 200.10 Td (contemplated, ) Tj ET Q q 0 0 0 rg BT 448.25 200.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 476.34 200.10 Td (such ) Tj ET Q q 0 0 0 rg BT 497.77 200.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 543.62 200.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 188.10 Td (been ) Tj ET Q q 0 0 0 rg BT 123.85 188.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 153.08 188.10 Td (ef) Tj ET Q q 0 0 0 rg BT 160.67 188.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 189.34 188.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.81 188.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 226.15 188.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 259.28 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.52 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.21 188.10 Td (same ) Tj ET Q q 0 0 0 rg BT 304.22 188.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 341.23 188.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.03 188.10 Td (an ) Tj ET Q q 0 0 0 rg BT 361.94 188.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 403.95 188.10 Td (reservoir) Tj ET Q q 0 0 0 rg BT 439.09 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.06 188.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.86 188.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 484.31 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.56 188.10 Td ([section ) Tj ET Q q 0 0 0 rg BT 526.68 188.10 Td (210.4-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 176.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 117.10 176.10 Td (Definitions], ) Tj ET Q q 0 0 0 rg BT 170.42 176.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.25 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 193.75 176.10 Td (other ) Tj ET Q q 0 0 0 rg BT 216.80 176.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 254.83 176.10 Td (using ) Tj ET Q q 0 0 0 rg BT 279.00 176.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 311.48 176.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 358.42 176.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 408.69 176.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 453.94 176.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 488.28 176.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 152.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.10 152.10 Td (this ) Tj ET Q q 0 0 0 rg BT 112.81 152.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 141.45 152.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 180.93 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.53 152.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 221.00 152.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 253.26 152.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 288.28 152.10 Td (have ) Tj ET Q q 0 0 0 rg BT 309.43 152.10 Td (been ) Tj ET Q q 0 0 0 rg BT 330.57 152.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 367.81 152.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 410.07 152.10 Td (with ) Tj ET Q q 0 0 0 rg BT 430.11 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.60 152.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 488.51 152.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 519.09 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.68 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 152.10 Td (SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 140.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 106.70 140.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 116.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.25 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.88 116.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 158.83 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.58 116.10 Td (this ) Tj ET Q q 0 0 0 rg BT 186.45 116.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 215.25 116.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.99 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.74 116.10 Td (December ) Tj ET Q q 0 0 0 rg BT 280.24 116.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 295.16 116.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 320.08 116.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 343.61 116.10 Td (production ) Tj ET Q q 0 0 0 rg BT 389.36 116.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 430.10 116.10 Td (through ) Tj ET Q q 0 0 0 rg BT 463.62 116.10 Td (December ) Tj ET Q q 0 0 0 rg BT 507.13 116.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 522.04 116.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 546.96 116.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (deducted ) Tj ET Q q 0 0 0 rg BT 87.90 104.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.65 104.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 133.08 104.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 168.16 104.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 205.44 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.53 104.10 Td (arrive ) Tj ET Q q 0 0 0 rg BT 241.16 104.10 Td (at ) Tj ET Q q 0 0 0 rg BT 250.69 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.22 104.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 304.74 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.38 104.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 338.80 104.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 376.37 104.10 Td (In ) Tj ET Q q 0 0 0 rg BT 387.02 104.10 Td (some ) Tj ET Q q 0 0 0 rg BT 410.44 104.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 434.96 104.10 Td (this ) Tj ET Q q 0 0 0 rg BT 451.72 104.10 Td (required ) Tj ET Q q 0 0 0 rg BT 487.35 104.10 Td (that ) Tj ET Q q 0 0 0 rg BT 504.65 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 104.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.20 92.10 Td (be ) Tj ET Q q 0 0 0 rg BT 83.47 92.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 124.62 92.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.10 92.10 Td (up ) Tj ET Q q 0 0 0 rg BT 151.93 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.54 92.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 170.36 92.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 205.14 92.10 Td (since ) Tj ET Q q 0 0 0 rg BT 228.51 92.10 Td (production ) Tj ET Q q 0 0 0 rg BT 274.67 92.10 Td (data ) Tj ET Q q 0 0 0 rg BT 294.15 92.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.41 92.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 346.44 92.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 389.26 92.10 Td (were ) Tj ET Q q 0 0 0 rg BT 411.51 92.10 Td (available ) Tj ET Q q 0 0 0 rg BT 450.43 92.10 Td (only ) Tj ET Q q 0 0 0 rg BT 471.03 92.10 Td (through ) Tj ET Q q 0 0 0 rg BT 504.97 92.10 Td (October ) Tj ET Q q 0 0 0 rg BT 540.00 92.10 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 70.88 80.10 Td (available ) Tj ET Q q 0 0 0 rg BT 109.47 80.10 Td (from ) Tj ET Q q 0 0 0 rg BT 131.40 80.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 155.01 80.10 Td (drilled ) Tj ET Q q 0 0 0 rg BT 183.62 80.10 Td (through ) Tj ET Q q 0 0 0 rg BT 217.22 80.10 Td (December ) Tj ET Q q 0 0 0 rg BT 260.81 80.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 275.81 80.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 300.81 80.10 Td (were ) Tj ET Q q 0 0 0 rg BT 322.74 80.10 Td (used ) Tj ET Q q 0 0 0 rg BT 343.57 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.85 80.10 Td (this ) Tj ET Q q 0 0 0 rg BT 370.79 80.10 Td (report.) 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 85.50 740.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.92 740.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 143.99 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.19 740.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 198.74 740.10 Td (net ) Tj ET Q q 0 0 0 rg BT 213.82 740.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 244.45 740.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 280.08 740.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 328.48 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.12 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.21 740.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 393.72 740.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 436.57 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.86 740.10 Td (based ) Tj ET Q q 0 0 0 rg BT 484.50 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.36 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.44 740.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 554.19 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 78.83 728.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 113.15 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.04 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.81 728.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 156.71 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.71 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.48 728.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 236.91 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.80 728.10 Td (follows, ) Tj ET Q q 0 0 0 rg BT 280.86 728.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 321.85 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.19 728.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 372.75 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.64 728.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 411.41 728.10 Td (\(Mbbl\), ) Tj ET Q q 0 0 0 rg BT 443.80 728.10 Td (millions ) Tj ET Q q 0 0 0 rg BT 478.14 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.03 728.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 511.25 728.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 527.79 728.10 Td (\(MMcf\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 716.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 108.94 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.77 716.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 149.48 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.31 716.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 173.36 716.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 217.51 716.10 Td (\(Mboe\):) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 646.60 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 646.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 646.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 646.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 618.60 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 618.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 618.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 618.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 589.60 306.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 589.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 589.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 589.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 589.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 589.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 589.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 563.60 306.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 563.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 563.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 563.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 563.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 563.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 563.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 537.60 306.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 537.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 537.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 537.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 537.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 537.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 537.60 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 359 679.6 m 424 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 679.6 m 428 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 679.6 m 493 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 679.6 m 497 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 679.6 m 562 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 646.6 m 424 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 646.6 m 493 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 646.6 m 562 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 604.6 m 424 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 604.6 m 493 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 604.6 m 562 604.6 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 428 550.6 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 497 550.6 m 562 550.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.25 696.28 Td (Net Post-NPI Pr) Tj ET Q q 0 0 0 rg BT 464.49 696.28 Td (oved Reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.55 684.28 Td (as of December) Tj ET Q q 0 0 0 rg BT 473.90 684.28 Td ( 31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.40 661.28 Td (T) Tj ET Q q 0 0 0 rg BT 368.15 661.28 Td (otal Liquids) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 651.28 Td (\(Mbbl\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.55 661.28 Td (Sales Gas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.30 651.28 Td (\(MMcf\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.30 670.33 Td (Oil ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.65 660.33 Td (Equivalent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.35 650.33 Td (\(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 637.17 Td (Proved) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 623.17 Td (Developed Producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 623.17 Td (189,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 623.17 Td (38,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 623.17 Td (195,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 609.17 Td (Developed Non-Producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 609.17 Td (33,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 609.17 Td (4,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 609.17 Td (34,073) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 580.33 Td (T) Tj ET Q q 0 0 0 rg BT 57.71 580.33 Td (otal Pr) Tj ET Q q 0 0 0 rg BT 86.32 580.33 Td (oved Developed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.65 580.33 Td (222,531) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 580.33 Td (42,435) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 580.33 Td (229,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 554.17 Td (Undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 554.17 Td (30,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 554.17 Td (286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 554.17 Td (30,142) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 528.33 Td (T) Tj ET Q q 0 0 0 rg BT 57.25 528.33 Td (otal Pr) Tj ET Q q 0 0 0 rg BT 86.23 528.33 Td (oved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.65 528.33 Td (252,625) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 528.33 Td (42,721) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 528.33 Td (259,745) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 501.10 Td (Notes: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 489.10 Td (1. Gas is converted to oil equivalent using a factor of 6,000 cubic feet of gas per 1 barrel of oil equivalent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 477.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 95.32 477.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.73 477.10 Td (otal liquids include 3,080 Mbbl of proved developed NGL.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 453.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.64 453.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 132.23 453.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.82 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.84 453.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 173.99 453.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 209.56 453.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 238.48 453.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.07 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.10 453.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 305.79 453.10 Td (tabulation, ) Tj ET Q q 0 0 0 rg BT 351.09 453.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 394.58 453.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.61 453.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 440.19 453.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 470.21 453.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 503.02 453.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.16 453.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 554.73 453.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 98.29 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.71 441.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.55 441.10 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 160.83 441.10 Td (as ) Tj ET Q q 0 0 0 rg BT 172.37 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.92 441.10 Td (December ) Tj ET Q q 0 0 0 rg BT 228.22 441.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.94 441.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 269.66 441.10 Td (were ) Tj ET Q q 0 0 0 rg BT 292.30 441.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 333.84 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.84 441.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.50 441.10 Td (5,299,088 ) Tj ET Q q 0 0 0 rg BT 400.71 441.10 Td (MMcf. ) Tj ET Q q 0 0 0 rg BT 431.75 441.10 Td (This ) Tj ET Q q 0 0 0 rg BT 452.75 441.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 485.96 441.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 522.50 441.10 Td (4,914,133 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 76.35 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.98 429.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 128.38 429.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 162.44 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.18 429.10 Td (384,955 ) Tj ET Q q 0 0 0 rg BT 211.98 429.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 238.83 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.46 429.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 300.86 429.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 337.42 429.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 379.40 429.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 408.47 429.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 436.98 429.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 468.28 429.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 482.91 429.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 516.97 429.10 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.62 417.10 Td (its ) Tj ET Q q 0 0 0 rg BT 71.40 417.10 Td (working ) Tj ET Q q 0 0 0 rg BT 107.07 417.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 138.84 417.10 Td (were ) Tj ET Q q 0 0 0 rg BT 160.61 417.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 201.27 417.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.38 417.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.16 417.10 Td (5,073,983 ) Tj ET Q q 0 0 0 rg BT 265.50 417.10 Td (MMcf, ) Tj ET Q q 0 0 0 rg BT 295.89 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.55 417.10 Td (which ) Tj ET Q q 0 0 0 rg BT 333.33 417.10 Td (4,595,157 ) Tj ET Q q 0 0 0 rg BT 375.67 417.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 403.56 417.10 Td (are ) Tj ET Q q 0 0 0 rg BT 418.10 417.10 Td (developed. ) Tj ET Q q 0 0 0 rg BT 463.87 417.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.75 417.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 505.20 417.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 535.31 417.10 Td (carbon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 82.49 405.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 118.25 405.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.91 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.12 405.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 189.43 405.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 232.41 405.10 Td (were ) Tj ET Q q 0 0 0 rg BT 254.83 405.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 296.15 405.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.93 405.10 Td (be ) Tj ET Q q 0 0 0 rg BT 319.36 405.10 Td (8,728,103 ) Tj ET Q q 0 0 0 rg BT 362.36 405.10 Td (MMcf, ) Tj ET Q q 0 0 0 rg BT 393.41 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.74 405.10 Td (which ) Tj ET Q q 0 0 0 rg BT 432.17 405.10 Td (8,233,103 ) Tj ET Q q 0 0 0 rg BT 475.17 405.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 503.72 405.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.92 405.10 Td (developed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.32 393.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 97.37 393.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 126.85 393.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 159.13 393.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.16 393.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 233.65 393.10 Td (have ) Tj ET Q q 0 0 0 rg BT 254.80 393.10 Td (been ) Tj ET Q q 0 0 0 rg BT 275.96 393.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 313.21 393.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.49 393.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 362.76 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.25 393.10 Td (same ) Tj ET Q q 0 0 0 rg BT 400.08 393.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 435.11 393.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 480.16 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.77 393.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 515.82 393.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 547.53 393.10 Td (\(1\)-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.10 Td (\(32\) ) Tj ET Q q 0 0 0 rg BT 68.66 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.49 381.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 125.87 381.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 144.49 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.32 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.03 381.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 190.87 381.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.03 381.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 223.36 381.10 Td (No ) Tj ET Q q 0 0 0 rg BT 238.08 381.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.23 381.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 311.94 381.10 Td (have ) Tj ET Q q 0 0 0 rg BT 333.32 381.10 Td (been ) Tj ET Q q 0 0 0 rg BT 354.70 381.10 Td (made ) Tj ET Q q 0 0 0 rg BT 378.85 381.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.01 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.73 381.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 437.43 381.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 469.93 381.10 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 49.5 355.53505859375 m 187.2783203125 355.53505859375 l s q 0 0 0 rg BT 49.50 357.10 Td (Primary ) Tj ET Q q 0 0 0 rg BT 88.09 357.10 Td (Economic ) Tj ET Q q 0 0 0 rg BT 132.26 357.10 Td (Assumptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 333.10 Td (V) Tj ET Q q 0 0 0 rg BT 91.61 333.10 Td (alues ) Tj ET Q q 0 0 0 rg BT 114.94 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.04 333.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 156.59 333.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 192.12 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.68 333.10 Td (this ) Tj ET Q q 0 0 0 rg BT 219.90 333.10 Td (report ) Tj ET Q q 0 0 0 rg BT 246.55 333.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.54 333.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 303.74 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.29 333.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 339.29 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.39 333.10 Td (future ) Tj ET Q q 0 0 0 rg BT 377.05 333.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 400.93 333.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 437.86 333.10 Td (future ) Tj ET Q q 0 0 0 rg BT 464.51 333.10 Td (net ) Tj ET Q q 0 0 0 rg BT 479.50 333.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 516.42 333.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.64 333.10 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.10 Td (worth. ) Tj ET Q q 0 0 0 rg BT 76.92 321.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 104.63 321.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 127.33 321.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 160.57 321.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.83 321.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.42 321.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 218.66 321.10 Td (which ) Tj ET Q q 0 0 0 rg BT 244.69 321.10 Td (will ) Tj ET Q q 0 0 0 rg BT 261.84 321.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 289.52 321.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.89 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.70 321.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 352.60 321.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 387.52 321.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.56 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.37 321.10 Td (production ) Tj ET Q q 0 0 0 rg BT 467.28 321.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.32 321.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 500.46 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.38 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.19 321.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.10 Td (net ) Tj ET Q q 0 0 0 rg BT 63.73 309.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 101.01 309.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 129.13 309.10 Td (net ) Tj ET Q q 0 0 0 rg BT 143.37 309.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 177.03 309.10 Td (is ) Tj ET Q q 0 0 0 rg BT 185.72 309.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 228.26 309.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.28 309.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 281.73 309.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 322.06 309.10 Td (NPI ) Tj ET Q q 0 0 0 rg BT 340.19 309.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 383.04 309.10 Td (production ) Tj ET Q q 0 0 0 rg BT 428.38 309.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 453.44 309.10 Td (ad ) Tj ET Q q 0 0 0 rg BT 464.90 309.10 Td (valorem ) Tj ET Q q 0 0 0 rg BT 499.68 309.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 524.74 309.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 89.72 297.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 117.99 297.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 142.12 297.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.18 297.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 213.67 297.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 235.29 297.10 Td (from ) Tj ET Q q 0 0 0 rg BT 256.36 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.20 297.10 Td (future ) Tj ET Q q 0 0 0 rg BT 295.69 297.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 318.43 297.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 354.20 297.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 395.81 297.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 433.53 297.10 Td (include ) Tj ET Q q 0 0 0 rg BT 464.58 297.10 Td (field ) Tj ET Q q 0 0 0 rg BT 484.53 297.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 523.92 297.10 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 107.69 285.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 148.94 285.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 202.13 285.10 Td (char) Tj ET Q q 0 0 0 rg BT 219.16 285.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 237.64 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.73 285.10 Td (an ) Tj ET Q q 0 0 0 rg BT 266.81 285.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 308.89 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.87 285.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 359.17 285.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.81 285.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 410.00 285.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 438.74 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.17 285.10 Td (production ) Tj ET Q q 0 0 0 rg BT 495.14 285.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 536.39 285.10 Td (Future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.10 Td (income ) Tj ET Q q 0 0 0 rg BT 80.61 273.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.50 273.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 132.27 273.10 Td (were ) Tj ET Q q 0 0 0 rg BT 153.37 273.10 Td (not ) Tj ET Q q 0 0 0 rg BT 167.83 273.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 191.15 273.10 Td (into ) Tj ET Q q 0 0 0 rg BT 208.38 273.10 Td (account ) Tj ET Q q 0 0 0 rg BT 241.15 273.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.60 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.50 273.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 311.70 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.71 273.10 Td (these ) Tj ET Q q 0 0 0 rg BT 343.93 273.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 385.31 273.10 Td (Present ) Tj ET Q q 0 0 0 rg BT 416.42 273.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 441.43 273.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.77 273.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 481.43 273.10 Td (as ) Tj ET Q q 0 0 0 rg BT 491.43 273.10 Td (future ) Tj ET Q q 0 0 0 rg BT 516.99 273.10 Td (net ) Tj ET Q q 0 0 0 rg BT 530.88 273.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 94.53 261.10 Td (at ) Tj ET Q q 0 0 0 rg BT 103.46 261.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.60 261.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 147.40 261.10 Td (arbitrary ) Tj ET Q q 0 0 0 rg BT 183.53 261.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 219.12 261.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 235.82 261.10 Td (compounded ) Tj ET Q q 0 0 0 rg BT 289.18 261.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 325.32 261.10 Td (over ) Tj ET Q q 0 0 0 rg BT 344.79 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.72 261.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 395.96 261.10 Td (period ) Tj ET Q q 0 0 0 rg BT 423.21 261.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.25 261.10 Td (realization. ) Tj ET Q q 0 0 0 rg BT 479.65 261.10 Td (Present ) Tj ET Q q 0 0 0 rg BT 510.79 261.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 535.83 261.10 Td (should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.88 249.10 Td (be ) Tj ET Q q 0 0 0 rg BT 76.92 249.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 118.41 249.10 Td (as ) Tj ET Q q 0 0 0 rg BT 129.34 249.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 145.82 249.10 Td (market ) Tj ET Q q 0 0 0 rg BT 176.19 249.10 Td (value ) Tj ET Q q 0 0 0 rg BT 200.45 249.10 Td (because ) Tj ET Q q 0 0 0 rg BT 234.70 249.10 Td (no ) Tj ET Q q 0 0 0 rg BT 247.30 249.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 303.78 249.10 Td (was ) Tj ET Q q 0 0 0 rg BT 321.93 249.10 Td (given ) Tj ET Q q 0 0 0 rg BT 346.75 249.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.14 249.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 399.73 249.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 429.54 249.10 Td (that ) Tj ET Q q 0 0 0 rg BT 447.14 249.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 486.95 249.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.77 249.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 528.25 249.10 Td (at ) Tj ET Q q 0 0 0 rg BT 538.07 249.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 91.99 237.10 Td (are ) Tj ET Q q 0 0 0 rg BT 106.69 237.10 Td (bought ) Tj ET Q q 0 0 0 rg BT 136.97 237.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.91 237.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 175.58 237.10 Td (In ) Tj ET Q q 0 0 0 rg BT 186.41 237.10 Td (this ) Tj ET Q q 0 0 0 rg BT 203.36 237.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 232.23 237.10 Td (present ) Tj ET Q q 0 0 0 rg BT 263.61 237.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 289.44 237.10 Td (values ) Tj ET Q q 0 0 0 rg BT 317.49 237.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.20 237.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 356.36 237.10 Td (using ) Tj ET Q q 0 0 0 rg BT 380.53 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.47 237.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 423.86 237.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 441.34 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.17 237.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 464.67 237.10 Td (percent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 213.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 122.97 213.10 Td (values ) Tj ET Q q 0 0 0 rg BT 151.00 213.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.27 213.10 Td (this ) Tj ET Q q 0 0 0 rg BT 178.20 213.10 Td (report ) Tj ET Q q 0 0 0 rg BT 204.56 213.10 Td (were ) Tj ET Q q 0 0 0 rg BT 226.48 213.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 267.28 213.10 Td (using ) Tj ET Q q 0 0 0 rg BT 291.44 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.14 213.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 331.96 213.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 358.32 213.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.24 213.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 397.73 213.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 436.31 213.10 Td (by ) Tj ET Q q 0 0 0 rg BT 448.79 213.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 483.13 213.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.12 213.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 516.71 213.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 543.07 213.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.03 201.10 Td (using ) Tj ET Q q 0 0 0 rg BT 113.91 201.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 157.22 201.10 Td (established ) Tj ET Q q 0 0 0 rg BT 203.86 201.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.07 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.50 201.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 251.04 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.69 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.12 201.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 321.05 201.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 369.91 201.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 411.56 201.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 438.21 201.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 446.36 201.10 Td (ASB\). ) Tj ET Q q 0 0 0 rg BT 473.69 201.10 Td (The ) Tj ET Q q 0 0 0 rg BT 491.44 201.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 517.53 201.10 Td (used ) Tj ET Q q 0 0 0 rg BT 538.07 201.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.05 201.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.10 Td (report ) Tj ET Q q 0 0 0 rg BT 75.88 189.10 Td (were ) Tj ET Q q 0 0 0 rg BT 97.81 189.10 Td (based ) Tj ET Q q 0 0 0 rg BT 123.07 189.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.57 189.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 156.41 189.10 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 202.34 189.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.38 189.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 272.33 189.10 Td (used ) Tj ET Q q 0 0 0 rg BT 293.16 189.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.32 189.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 351.48 189.10 Td (future ) Tj ET Q q 0 0 0 rg BT 377.86 189.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 404.24 189.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.17 189.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 459.77 189.10 Td (are ) Tj ET Q q 0 0 0 rg BT 474.48 189.10 Td (as ) Tj ET Q q 0 0 0 rg BT 485.31 189.10 Td (follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 165.10 Td (Oil, ) Tj ET Q q 0 0 0 rg BT 103.28 165.10 Td (Condensate, ) Tj ET Q q 0 0 0 rg BT 155.50 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.00 165.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 192.27 165.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.77 165.10 Td (Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 141.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.08 141.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 182.78 141.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 199.64 141.10 Td (\(Denbury\) ) Tj ET Q q 0 0 0 rg BT 242.88 141.10 Td (has ) Tj ET Q q 0 0 0 rg BT 257.80 141.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 305.48 141.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.07 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.88 141.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 350.53 141.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 399.05 141.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.08 141.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 435.26 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.85 141.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 462.32 141.10 Td (were ) Tj ET Q q 0 0 0 rg BT 483.34 141.10 Td (based ) Tj ET Q q 0 0 0 rg BT 507.71 141.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.30 141.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.33 141.10 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 129.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 128.21 129.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 170.96 129.10 Td (as ) Tj ET Q q 0 0 0 rg BT 181.52 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.96 129.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 244.84 129.10 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 287.60 129.10 Td (average ) Tj ET Q q 0 0 0 rg BT 320.90 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.46 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.90 129.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 438.09 129.10 Td (price ) Tj ET Q q 0 0 0 rg BT 460.30 129.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.19 129.10 Td (each ) Tj ET Q q 0 0 0 rg BT 494.73 129.10 Td (month ) Tj ET Q q 0 0 0 rg BT 522.51 129.10 Td (within ) Tj ET Q q 0 0 0 rg BT 550.29 129.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 117.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 145.74 117.10 Td (period ) Tj ET Q q 0 0 0 rg BT 174.63 117.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 197.42 117.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.55 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.12 117.10 Td (end ) Tj ET Q q 0 0 0 rg BT 241.90 117.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.58 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.15 117.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 309.15 117.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 340.55 117.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 368.90 117.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 396.13 117.10 Td (are ) Tj ET Q q 0 0 0 rg BT 411.68 117.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 445.02 117.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.37 117.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 506.14 117.10 Td (arrangements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 105.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 141.19 105.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 177.77 105.10 Td (dif) Tj ET Q q 0 0 0 rg BT 188.70 105.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 228.60 105.10 Td (by ) Tj ET Q q 0 0 0 rg BT 241.29 105.10 Td (field ) Tj ET Q q 0 0 0 rg BT 262.32 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.79 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.93 105.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 319.29 105.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 359.17 105.10 Td (price ) Tj ET Q q 0 0 0 rg BT 381.85 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.88 105.10 Td ($51.34 ) Tj ET Q q 0 0 0 rg BT 423.07 105.10 Td (per ) Tj ET Q q 0 0 0 rg BT 438.54 105.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 464.55 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.69 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.60 105.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 523.17 105.10 Td (were ) Tj ET Q q 0 0 0 rg BT 545.30 105.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 93.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 140.18 93.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 177.93 93.10 Td (. ) Tj ET Q q 0 0 0 rg BT 183.54 93.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.44 93.10 Td (pre-NPI ) Tj ET Q q 0 0 0 rg BT 238.00 93.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 311.34 93.10 Td (average ) Tj ET Q q 0 0 0 rg BT 345.78 93.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 359.69 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.48 93.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 425.26 93.10 Td (price ) Tj ET Q q 0 0 0 rg BT 448.59 93.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 497.48 93.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.62 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.19 93.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 81.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 133.68 81.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 168.85 81.10 Td (over ) Tj ET Q q 0 0 0 rg BT 189.04 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.67 81.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 224.97 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.71 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.34 81.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 292.74 81.10 Td (was ) Tj ET Q q 0 0 0 rg BT 310.71 81.10 Td ($49.09 ) Tj ET Q q 0 0 0 rg BT 340.62 81.10 Td (per ) Tj ET Q q 0 0 0 rg BT 355.80 81.10 Td (barrel. ) Tj ET Q q 0 0 0 rg BT 383.86 81.10 Td (The ) Tj ET Q q 0 0 0 rg BT 401.82 81.10 Td (pre-NPI ) Tj ET Q q 0 0 0 rg BT 436.44 81.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 508.84 81.10 Td (average ) Tj ET Q q 0 0 0 rg BT 542.33 81.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 562.51 81.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 69.10 Td (price ) Tj ET Q q 0 0 0 rg BT 125.99 69.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 174.02 69.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.30 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.02 69.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 239.84 69.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 270.11 69.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 305.37 69.10 Td (over ) Tj ET Q q 0 0 0 rg BT 325.63 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.35 69.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 361.74 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.57 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.28 69.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 429.77 69.10 Td (was ) Tj ET Q q 0 0 0 rg BT 447.82 69.10 Td ($27.46 ) Tj ET Q q 0 0 0 rg BT 477.82 69.10 Td (per ) Tj ET Q q 0 0 0 rg BT 493.09 69.10 Td (barrel.) Tj ET Q endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.11 740.10 Td (Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 716.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.58 716.10 Td (has ) Tj ET Q q 0 0 0 rg BT 156.01 716.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 204.19 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.28 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.59 716.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 251.01 716.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 276.99 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 298.51 716.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.37 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.47 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.00 716.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 381.28 716.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 405.86 716.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 448.48 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.91 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.22 716.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 521.97 716.10 Td (arithmetic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 704.10 Td (average ) Tj ET Q q 0 0 0 rg BT 136.17 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.09 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.90 704.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 251.46 704.10 Td (price ) Tj ET Q q 0 0 0 rg BT 273.03 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.28 704.10 Td (each ) Tj ET Q q 0 0 0 rg BT 306.19 704.10 Td (month ) Tj ET Q q 0 0 0 rg BT 333.33 704.10 Td (within ) Tj ET Q q 0 0 0 rg BT 360.48 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.29 704.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 414.76 704.10 Td (period ) Tj ET Q q 0 0 0 rg BT 441.90 704.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 462.93 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.29 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.10 704.10 Td (end ) Tj ET Q q 0 0 0 rg BT 502.13 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.05 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.85 704.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 132.85 692.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 159.15 692.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 184.33 692.10 Td (are ) Tj ET Q q 0 0 0 rg BT 197.85 692.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 229.13 692.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.44 692.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 286.16 692.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 343.83 692.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 380.12 692.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 415.31 692.10 Td (dif) Tj ET Q q 0 0 0 rg BT 426.24 692.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 464.75 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.83 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.35 692.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 525.32 692.10 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.10 Td (price ) Tj ET Q q 0 0 0 rg BT 125.23 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.30 680.10 Td ($2.976 ) Tj ET Q q 0 0 0 rg BT 164.54 680.10 Td (per ) Tj ET Q q 0 0 0 rg BT 179.05 680.10 Td (million ) Tj ET Q q 0 0 0 rg BT 209.68 680.10 Td (British ) Tj ET Q q 0 0 0 rg BT 238.65 680.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 270.93 680.10 Td (units ) Tj ET Q q 0 0 0 rg BT 292.12 680.10 Td (\($/MMBtu\). ) Tj ET Q q 0 0 0 rg BT 342.90 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 360.19 680.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 385.81 680.10 Td (were ) Tj ET Q q 0 0 0 rg BT 406.98 680.10 Td (held ) Tj ET Q q 0 0 0 rg BT 425.94 680.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 461.00 680.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 498.75 680.10 Td (. ) Tj ET Q q 0 0 0 rg BT 502.99 680.10 Td (British ) Tj ET Q q 0 0 0 rg BT 531.96 680.10 Td (thermal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 121.25 668.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 150.64 668.10 Td (were ) Tj ET Q q 0 0 0 rg BT 172.26 668.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 210.00 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 222.18 668.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 259.36 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.99 668.10 Td (used ) Tj ET Q q 0 0 0 rg BT 296.51 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.48 668.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 338.65 668.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 364.72 668.10 Td (from ) Tj ET Q q 0 0 0 rg BT 386.34 668.10 Td ($/MMBtu ) Tj ET Q q 0 0 0 rg BT 428.54 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.51 668.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 467.92 668.10 Td (per ) Tj ET Q q 0 0 0 rg BT 482.87 668.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 521.17 668.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 545.02 668.10 Td (feet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 656.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.39 656.10 Td (pre-NPI ) Tj ET Q q 0 0 0 rg BT 155.94 656.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 228.26 656.10 Td (average ) Tj ET Q q 0 0 0 rg BT 261.69 656.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 277.36 656.10 Td (price ) Tj ET Q q 0 0 0 rg BT 299.69 656.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 347.56 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.68 656.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 398.35 656.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 428.46 656.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 463.56 656.10 Td (was ) Tj ET Q q 0 0 0 rg BT 481.45 656.10 Td ($1.867 ) Tj ET Q q 0 0 0 rg BT 511.29 656.10 Td (per ) Tj ET Q q 0 0 0 rg BT 526.40 656.10 Td (thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 644.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 127.66 644.10 Td (feet.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 620.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.13 620.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 132.62 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.94 620.10 Td (Ad ) Tj ET Q q 0 0 0 rg BT 163.55 620.10 Td (V) Tj ET Q q 0 0 0 rg BT 168.55 620.10 Td (alor) Tj ET Q q 0 0 0 rg BT 184.85 620.10 Td (em ) Tj ET Q q 0 0 0 rg BT 199.01 620.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.65 620.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 596.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 150.57 596.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 174.31 596.10 Td (were ) Tj ET Q q 0 0 0 rg BT 196.92 596.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 240.64 596.10 Td (using ) Tj ET Q q 0 0 0 rg BT 265.50 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.90 596.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 302.97 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 317.81 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.22 596.10 Td (state ) Tj ET Q q 0 0 0 rg BT 354.73 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.70 596.10 Td (which ) Tj ET Q q 0 0 0 rg BT 393.32 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.73 596.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 444.67 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.07 596.10 Td (located, ) Tj ET Q q 0 0 0 rg BT 494.63 596.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 538.09 596.10 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 584.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 153.69 584.10 Td (abatements ) Tj ET Q q 0 0 0 rg BT 200.83 584.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.65 584.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 254.57 584.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 291.70 584.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 333.65 584.10 Td (Ad ) Tj ET Q q 0 0 0 rg BT 348.03 584.10 Td (valorem ) Tj ET Q q 0 0 0 rg BT 382.96 584.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 405.66 584.10 Td (were ) Tj ET Q q 0 0 0 rg BT 427.25 584.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 469.94 584.10 Td (using ) Tj ET Q q 0 0 0 rg BT 493.77 584.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 514.80 584.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 552.51 584.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 572.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.99 572.10 Td (based ) Tj ET Q q 0 0 0 rg BT 166.26 572.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.76 572.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 205.68 572.10 Td (payments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 548.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 129.11 548.10 Td (Expenses, ) Tj ET Q q 0 0 0 rg BT 171.32 548.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 203.82 548.10 Td (Costs, ) Tj ET Q q 0 0 0 rg BT 231.05 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.37 548.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 306.42 548.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 524.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 146.54 524.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 185.70 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.20 524.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.91 524.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 258.47 524.10 Td (based ) Tj ET Q q 0 0 0 rg BT 284.30 524.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.35 524.10 Td (information ) Tj ET Q q 0 0 0 rg BT 347.63 524.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 386.23 524.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.29 524.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 433.63 524.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.19 524.10 Td (were ) Tj ET Q q 0 0 0 rg BT 461.68 524.10 Td (used ) Tj ET Q q 0 0 0 rg BT 483.07 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.91 524.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 538.62 524.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.74 512.10 Td (required ) Tj ET Q q 0 0 0 rg BT 161.29 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.31 512.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 202.97 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.42 512.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 262.15 512.10 Td (In ) Tj ET Q q 0 0 0 rg BT 272.71 512.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 302.15 512.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 327.99 512.10 Td (future ) Tj ET Q q 0 0 0 rg BT 354.11 512.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 378.84 512.10 Td (either ) Tj ET Q q 0 0 0 rg BT 403.84 512.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 431.63 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.20 512.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 467.20 512.10 Td (than ) Tj ET Q q 0 0 0 rg BT 486.66 512.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 520.56 512.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 545.30 512.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 500.10 Td (have ) Tj ET Q q 0 0 0 rg BT 124.66 500.10 Td (been ) Tj ET Q q 0 0 0 rg BT 145.82 500.10 Td (used ) Tj ET Q q 0 0 0 rg BT 166.44 500.10 Td (because ) Tj ET Q q 0 0 0 rg BT 200.37 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 500.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 257.14 500.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 291.63 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.69 500.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 341.74 500.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 388.03 500.10 Td (These ) Tj ET Q q 0 0 0 rg BT 414.19 500.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 436.47 500.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.19 500.10 Td (not ) Tj ET Q q 0 0 0 rg BT 473.25 500.10 Td (escalated ) Tj ET Q q 0 0 0 rg BT 512.18 500.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.12 500.10 Td (inflation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 488.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 163.03 488.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 188.40 488.10 Td (net ) Tj ET Q q 0 0 0 rg BT 203.49 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.69 488.10 Td (salvage, ) Tj ET Q q 0 0 0 rg BT 250.05 488.10 Td (were ) Tj ET Q q 0 0 0 rg BT 272.35 488.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 310.77 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 323.64 488.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 357.98 488.10 Td (. ) Tj ET Q q 0 0 0 rg BT 362.72 488.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 422.25 488.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 445.12 488.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.66 488.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 503.62 488.10 Td (non-producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 476.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 148.49 476.10 Td (though ) Tj ET Q q 0 0 0 rg BT 178.76 476.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 221.25 476.10 Td (at ) Tj ET Q q 0 0 0 rg BT 230.97 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.68 476.10 Td (end ) Tj ET Q q 0 0 0 rg BT 262.62 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.45 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.17 476.10 Td (life ) Tj ET Q q 0 0 0 rg BT 303.99 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.82 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.54 476.10 Td (property) Tj ET Q q 0 0 0 rg BT 362.77 476.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.77 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.47 476.10 Td (included ) Tj ET Q q 0 0 0 rg BT 419.41 476.10 Td (with ) Tj ET Q q 0 0 0 rg BT 439.69 476.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 468.84 476.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.64 452.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 144.55 452.10 Td (future ) Tj ET Q q 0 0 0 rg BT 171.02 452.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 205.26 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.29 452.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 275.98 452.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 324.11 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.48 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.29 452.10 Td (production ) Tj ET Q q 0 0 0 rg BT 395.21 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.24 452.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 430.38 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.30 452.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 484.58 452.10 Td (net ) Tj ET Q q 0 0 0 rg BT 499.39 452.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.75 452.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 440.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 117.53 440.10 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 160.84 440.10 Td (as ) Tj ET Q q 0 0 0 rg BT 171.67 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.50 440.10 Td (December ) Tj ET Q q 0 0 0 rg BT 226.09 440.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 241.09 440.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 266.09 440.10 Td (are ) Tj ET Q q 0 0 0 rg BT 280.79 440.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 332.17 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.44 440.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 384.94 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.77 440.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 425.49 440.10 Td (\(M$\) ) Tj ET Q q 0 0 0 rg BT 448.54 440.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.37 440.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 51.00 371.60 160.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 211.00 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 215.00 371.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 371.60 73.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 371.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 371.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.00 371.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 371.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 51.00 343.60 160.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 211.00 343.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 215.00 343.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 343.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 343.60 73.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 343.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 343.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 343.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 343.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.00 343.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 343.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 51.00 315.60 160.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 211.00 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 215.00 315.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.00 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.00 315.60 73.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 315.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 315.60 64.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.00 315.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 315.60 64.00 -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 215 385.6 m 279 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 385.6 m 356 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 385.6 m 424 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 385.6 m 492 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 385.6 m 560 385.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.30 420.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 241.76 420.28 Td (oved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.25 410.28 Td (Developed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.35 400.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 234.81 400.28 Td (oducing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.95 390.28 Td (\(M$\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.80 420.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 314.26 420.28 Td (oved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.75 410.28 Td (Developed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 400.28 Td (Non-Pr) Tj ET Q q 0 0 0 rg BT 317.87 400.28 Td (oducing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.45 390.28 Td (\(M$\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.10 410.28 Td (T) Tj ET Q q 0 0 0 rg BT 370.31 410.28 Td (otal Pr) Tj ET Q q 0 0 0 rg BT 398.92 410.28 Td (oved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.25 400.28 Td (Developed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.95 390.28 Td (\(M$\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.30 410.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 454.76 410.28 Td (oved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.70 400.28 Td (Undeveloped) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.95 390.28 Td (\(M$\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.10 400.28 Td (T) Tj ET Q q 0 0 0 rg BT 505.85 400.28 Td (otal Pr) Tj ET Q q 0 0 0 rg BT 534.83 400.28 Td (oved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.95 390.28 Td (\(M$\)) 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 53.50 376.17 Td (Future Gross Revenue \(Post -NPI\)) 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 235.15 376.17 Td (9,287,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 376.17 Td (1,656,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 376.17 Td (10,943,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 376.17 Td (1,477,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.10 376.17 Td (12,421,620) 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 53.50 362.17 Td (Production and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 116.55 362.17 Td (Ad ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 130.90 362.17 Td (V) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 137.48 362.17 Td (alorem ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 167.10 362.17 Td (T) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 172.77 362.17 Td (axes) 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 242.65 362.17 Td (726,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 362.17 Td (128,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 362.17 Td (854,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 362.17 Td (94,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 362.17 Td (949,626) 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 53.50 348.17 Td (Operating Expenses) 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 235.15 348.17 Td (4,544,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 348.17 Td (533,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 348.17 Td (5,078,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 348.17 Td (595,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 348.17 Td (5,673,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 334.17 Td (Capital Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 334.17 Td (270,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 334.17 Td (168,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 334.17 Td (439,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 334.17 Td (354,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 334.17 Td (794,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 320.17 Td (Abandonment Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 320.17 Td (626,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 320.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 320.17 Td (626,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 320.17 Td (12,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 320.17 Td (639,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 306.17 Td (Future Net Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.15 306.17 Td (3,1) Tj ET Q q 0 0 0 rg BT 247.65 306.17 Td (18,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 306.17 Td (825,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 306.17 Td (3,944,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 306.17 Td (419,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 306.17 Td (4,364,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 292.17 Td (Present ) Tj ET Q q 0 0 0 rg BT 85.26 292.17 Td (W) Tj ET Q q 0 0 0 rg BT 93.90 292.17 Td (orth at 10 Percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.15 292.17 Td (2,068,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 292.17 Td (356,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 292.17 Td (2,425,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 292.17 Td (108,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 292.17 Td (2,533,798) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.10 Td (Note: Future income taxes have not been 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 85.50 240.10 Td (While ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 113.31 240.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 128.89 240.10 Td (oil ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 142.82 240.10 Td (and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 160.63 240.10 Td (gas ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 177.33 240.10 Td (industry ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 213.48 240.10 Td (may ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 234.07 240.10 Td (be ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 246.88 240.10 Td (subject ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 278.58 240.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 289.73 240.10 Td (regulatory ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 334.19 240.10 Td (changes ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 369.77 240.10 Td (from ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 392.58 240.10 Td (time ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 413.73 240.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 424.88 240.10 Td (time ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 446.02 240.10 Td (that ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 464.39 240.10 Td (could ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 489.98 240.10 Td (af) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 497.57 240.10 Td (fect ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 515.92 240.10 Td (an ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 528.73 240.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 228.10 Td (participant's ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 100.39 228.10 Td (ability ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 128.37 228.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 138.58 228.10 Td (recover ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 170.99 228.10 Td (its ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 182.87 228.10 Td (reserves, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 220.56 228.10 Td (we ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 234.66 228.10 Td (are ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 249.30 228.10 Td (not ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 264.51 228.10 Td (aware ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 290.81 228.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 301.57 228.10 Td (any ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 318.44 228.10 Td (such ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 339.21 228.10 Td (governmental ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 396.62 228.10 Td (actions ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 427.38 228.10 Td (which ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 454.25 228.10 Td (would ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 481.68 228.10 Td (restrict ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 511.88 228.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 526.53 228.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 216.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 60.33 216.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 75.05 216.10 Td (December ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 118.63 216.10 Td (31, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 133.63 216.10 Td (2017, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 158.63 216.10 Td (estimated ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 199.45 216.10 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 85.50 192.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.00 192.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.49 192.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 146.72 192.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.10 192.10 Td (information ) Tj ET Q q 0 0 0 rg BT 210.48 192.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 243.19 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.13 192.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 293.62 192.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 323.56 192.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 360.98 192.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 401.47 192.10 Td (future ) Tj ET Q q 0 0 0 rg BT 427.51 192.10 Td (net ) Tj ET Q q 0 0 0 rg BT 441.90 192.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 475.71 192.10 Td (from ) Tj ET Q q 0 0 0 rg BT 497.32 192.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 527.25 192.10 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.37 180.10 Td (present ) Tj ET Q q 0 0 0 rg BT 97.68 180.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 123.44 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.21 180.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 174.96 180.10 Td (future ) Tj ET Q q 0 0 0 rg BT 201.27 180.10 Td (net ) Tj ET Q q 0 0 0 rg BT 215.92 180.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 250.00 180.10 Td (from ) Tj ET Q q 0 0 0 rg BT 271.87 180.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 302.07 180.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 337.27 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.03 180.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 363.52 180.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 412.88 180.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 443.07 180.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 458.83 180.10 Td (liquids, ) Tj ET Q q 0 0 0 rg BT 490.99 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.87 180.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 523.63 180.10 Td (contained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.49 168.10 Td (this ) Tj ET Q q 0 0 0 rg BT 80.16 168.10 Td (report ) Tj ET Q q 0 0 0 rg BT 108.25 168.10 Td (has ) Tj ET Q q 0 0 0 rg BT 125.80 168.10 Td (been ) Tj ET Q q 0 0 0 rg BT 148.89 168.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 188.08 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.08 168.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 249.25 168.10 Td (with ) Tj ET Q q 0 0 0 rg BT 271.25 168.10 Td (Paragraphs ) Tj ET Q q 0 0 0 rg BT 319.89 168.10 Td (932-235-50-4, ) Tj ET Q q 0 0 0 rg BT 381.60 168.10 Td (932-235-50-6, ) Tj ET Q q 0 0 0 rg BT 443.30 168.10 Td (932-235-50-7, ) Tj ET Q q 0 0 0 rg BT 505.01 168.10 Td (932-235-50-9, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (932-235-50-30, ) Tj ET Q q 0 0 0 rg BT 114.65 156.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.74 156.10 Td (932-235-50-31\(a\), ) Tj ET Q q 0 0 0 rg BT 207.98 156.10 Td (\(b\), ) Tj ET Q q 0 0 0 rg BT 224.80 156.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.89 156.10 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 255.65 156.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.63 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.92 156.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 330.23 156.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 372.32 156.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 403.85 156.10 Td (932-235-50, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 455.67 156.10 Td (Extractive ) Tj ET Q q 0 0 0 rg BT 499.41 156.10 Td (Industries ) Tj ET Q q 0 0 0 rg BT 542.07 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.72 156.10 Td (Oil ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 144.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.64 144.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 86.90 144.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 94.87 144.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 115.23 144.10 Td (932\): ) Tj ET Q q 0 0 0 rg BT 140.03 144.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 155.95 144.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.09 144.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 193.34 144.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 228.13 144.10 Td (Estimation ) Tj ET Q q 0 0 0 rg BT 274.61 144.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.75 144.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 331.27 144.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.60 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.74 144.10 Td (\(January ) Tj ET Q q 0 0 0 rg BT 380.31 144.10 Td (2010\) ) Tj ET Q q 0 0 0 rg BT 406.78 144.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.25 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.61 144.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 473.27 144.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 523.06 144.10 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 75.53 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.56 132.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 115.93 132.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 146.95 132.10 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 180.19 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.12 132.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 235.59 132.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 253.29 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.32 132.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 293.69 132.10 Td (302\(b\), ) Tj ET Q q 0 0 0 rg BT 324.45 132.10 Td (1201, ) Tj ET Q q 0 0 0 rg BT 348.54 132.10 Td (1202\(a\) ) Tj ET Q q 0 0 0 rg BT 381.23 132.10 Td (\(1\), ) Tj ET Q q 0 0 0 rg BT 396.98 132.10 Td (\(2\), ) Tj ET Q q 0 0 0 rg BT 412.73 132.10 Td (\(3\), ) Tj ET Q q 0 0 0 rg BT 428.48 132.10 Td (\(4\), ) Tj ET Q q 0 0 0 rg BT 444.24 132.10 Td (\(8\), ) Tj ET Q q 0 0 0 rg BT 459.99 132.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.02 132.10 Td (1203\(a\) ) Tj ET Q q 0 0 0 rg BT 508.71 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.63 132.10 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.10 Td (S-K ) Tj ET Q q 0 0 0 rg BT 67.79 120.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.29 120.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.69 120.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 134.29 120.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.91 120.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 192.51 120.10 Td (Commission; ) Tj ET Q q 0 0 0 rg BT 248.03 120.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 288.25 120.10 Td (however) Tj ET Q q 0 0 0 rg BT 322.28 120.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.95 120.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.12 120.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 355.74 120.10 Td (future ) Tj ET Q q 0 0 0 rg BT 381.79 120.10 Td (income ) Tj ET Q q 0 0 0 rg BT 413.40 120.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.79 120.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 466.06 120.10 Td (have ) Tj ET Q q 0 0 0 rg BT 487.12 120.10 Td (not ) Tj ET Q q 0 0 0 rg BT 502.07 120.10 Td (been ) Tj ET Q q 0 0 0 rg BT 523.12 120.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 546.95 120.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (account ) Tj ET Q q 0 0 0 rg BT 83.17 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.52 108.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 137.76 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.55 108.10 Td (future ) Tj ET Q q 0 0 0 rg BT 179.00 108.10 Td (net ) Tj ET Q q 0 0 0 rg BT 193.80 108.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.02 108.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.03 108.10 Td (present ) Tj ET Q q 0 0 0 rg BT 276.48 108.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 302.39 108.10 Td (values ) Tj ET Q q 0 0 0 rg BT 330.51 108.10 Td (set ) Tj ET Q q 0 0 0 rg BT 344.20 108.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 366.21 108.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 393.77 108.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.79 108.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 425.58 108.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 465.37 108.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.27 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.06 108.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 521.41 108.10 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 96.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 96.71 96.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 150.30 96.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 185.56 96.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.27 96.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.54 96.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 256.36 96.10 Td (at ) Tj ET Q q 0 0 0 rg BT 266.08 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.79 96.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 323.29 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.12 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.84 96.10 Td (year) Tj ET Q q 0 0 0 rg BT 365.49 96.10 Td (.) 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) 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 (January ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 175.26 656.25 Td (31, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 190.82 656.25 Td (2018, ) 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 89.36 620.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 96.23 620.25 Td (attended ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 133.64 620.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 149.39 620.25 Td (University ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 195.14 620.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 206.75 620.25 Td (T) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 212.17 620.25 Td (exas ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 233.47 620.25 Td (at ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 243.44 620.25 Td (Austin, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 276.15 620.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 294.12 620.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 312.66 620.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 319.52 620.25 Td (graduated ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 362.48 620.25 Td (with ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 383.80 620.25 Td (a ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 391.77 620.25 Td (Bachelor ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 431.40 620.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 443.27 620.25 Td (Science ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 477.90 620.25 Td (degree ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 508.08 620.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 519.40 620.25 Td (Petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 608.25 Td (Engineering ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 118.92 608.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 129.24 608.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 144.00 608.25 Td (year ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 163.75 608.25 Td (1984; ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 189.07 608.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 206.61 608.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 212.48 608.25 Td (am ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 227.24 608.25 Td (a ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 234.22 608.25 Td (Registered ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 279.53 608.25 Td (Professional ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 331.51 608.25 Td (Engineer ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 370.14 608.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 380.47 608.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 395.23 608.25 Td (State ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 417.76 608.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 428.45 608.25 Td (T) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 433.86 608.25 Td (exas; ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 456.95 608.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 474.49 608.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 480.36 608.25 Td (am ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 495.12 608.25 Td (a ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 502.10 608.25 Td (member ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 537.41 608.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 548.28 608.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 596.25 Td (Society ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 99.90 596.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 110.64 596.25 Td (Petroleum ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 154.15 596.25 Td (Engineers ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 196.54 596.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 213.39 596.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 228.01 596.25 Td (Society ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 260.42 596.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 271.15 596.25 Td (Petroleum ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 314.66 596.25 Td (Evaluation ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 360.39 596.25 Td (Engineers; ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 405.56 596.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 422.41 596.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 439.81 596.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 445.55 596.25 Td (have ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 466.83 596.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 477.02 596.25 Td (excess ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 505.52 596.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 516.26 596.25 Td (33 ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 528.67 596.25 Td (years ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 552.17 596.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 584.25 Td (experience ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 113.30 584.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 123.58 584.25 Td (oil ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 136.64 584.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 153.57 584.25 Td (gas ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 169.40 584.25 Td (reservoir ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 207.44 584.25 Td (studies ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 237.72 584.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 254.66 584.25 Td (reserves ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 289.92 584.25 Td (evaluations.) 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